ODYSSEY MARINE EXPLORATION INC
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
OMEX$10.31-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Deficit
| Common Stock · AdditionalPaid-in Capital · AccumulatedDeficit · Non-controlling Interest · Total | |||||||
|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||
| Balance at December 31, 2023 | 20,420,896 | $2,042 | $263,616,186 | $(296,096,957) | $(53,427,805) | $(85,906,534) | |
| Share-based compensation | 24,328 | 2 | 2,011,603 | — | — | 2,011,605 | |
| Cancellation of stock awards for payment of withholding tax requirements | — | — | (18,277) | — | — | (18,277) | |
| Director compensation paid in stock | 16,547 | 2 | 287,998 | — | — | 288,000 | |
| Fair value of warrants classified as liabilities | — | — | (7,754,438) | — | — | (7,754,438) | |
| Common stock issued in connection with Securities Purchase Agreement (Note 13), net of equity issuance costs | 7,077,912 | 708 | 3,896,167 | 3,896,875 | |||
| Common stock issued for convertible debt conversion | 1,181,132 | 118 | 1,722,781 | — | — | 1,722,899 | |
| Common stock issued and exchanged with related party | 104,518 | 11 | 429,559 | — | — | 429,570 | |
| Net income/(loss) | — | — | — | 15,657,934 | (9,410,805) | 6,247,129 | |
| Balance at December 31, 2024 | 28,825,333 | $2,883 | $264,191,579 | $(280,439,023) | $(62,838,610) | $(79,083,171) | |
| Warrants classified as equity instruments and measured at fair value | — | — | 594,988 | — | — | 594,988 | |
| Share-based compensation | — | — | 222,100 | — | — | 222,100 | |
| Employees stock options exercised | 150,000 | 15 | 62,100 | — | — | 62,115 | |
| Director compensation paid in stock | 78,301 | 8 | 191,541 | — | — | 191,549 | |
| Equity Exchange in connection with Mexican Corporate Transactions | — | — | 2,229,557 | — | — | 2,229,557 | |
| Consulting compensation paid in stock | 298,000 | 30 | 239,714 | — | — | 239,744 | |
| Changes in ownership interest in a subsidiary | — | — | (30,327,886) | — | 30,327,886 | — | |
| Warrants exercised and measured fair value | — | — | 3,293,334 | — | — | 3,293,334 | |
| Proceeds from warrants exercised | 1,318,391 | 132 | 1,465,392 | — | — | 1,465,524 | |
| Convertible notes exercised and measured fair value | — | — | 14,394,041 | — | — | 14,394,041 | |
| Common stock issued in connection with Securities Purchase Agreement (Note 13), net of equity issuance costs | 7,275,488 | 727 | 7,575,149 | 7,575,876 | |||
| Common stock issued for convertible debt conversion | 17,826,400 | 1,782 | 21,738,319 | — | — | 21,740,101 | |
| Net loss | — | — | — | (43,085,185) | (5,385,219) | (48,470,404) | |
| Balance at December 31, 2025 | 55,771,913 | $5,577 | $285,869,928 | $(323,524,208) | $(37,895,943) | $(75,544,646) | |
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