2014 Q4 Form 10-Q Financial Statement
#000119312514406075 Filed on November 10, 2014
Income Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
Revenue | $288.5K | $120.0K | $5.554M |
YoY Change | -98.33% | -97.84% | 487.09% |
Cost Of Revenue | $40.00K | $27.03K | $169.6K |
YoY Change | -85.71% | -84.06% | 212.65% |
Gross Profit | $245.9K | $93.02K | $5.385M |
YoY Change | -98.55% | -98.27% | 503.78% |
Gross Profit Margin | 85.24% | 77.49% | 96.95% |
Selling, General & Admin | $6.120M | $2.782M | $4.670M |
YoY Change | -41.1% | -40.42% | 56.42% |
% of Gross Profit | 2488.66% | 2991.14% | 86.73% |
Research & Development | $9.200M | ||
YoY Change | |||
% of Gross Profit | 170.84% | ||
Depreciation & Amortization | $1.710M | $2.470M | $500.0K |
YoY Change | 216.67% | 394.0% | 28.21% |
% of Gross Profit | 695.36% | 2655.34% | 9.29% |
Operating Expenses | $6.120M | $7.924M | $8.999M |
YoY Change | -41.15% | -11.95% | 39634.99% |
Operating Profit | -$5.874M | -$7.804M | -$3.445M |
YoY Change | -189.57% | 126.54% | -473.03% |
Interest Expense | -$300.0K | $268.9K | $894.1K |
YoY Change | -111.15% | -69.93% | -53.69% |
% of Operating Profit | |||
Other Income/Expense, Net | -$10.00K | $130.0K | $95.43K |
YoY Change | -102.27% | 36.23% | -96.69% |
Pretax Income | -$6.190M | -$7.674M | -$3.349M |
YoY Change | -163.81% | 129.12% | -188.07% |
Income Tax | $0.00 | $0.00 | $235.2K |
% Of Pretax Income | |||
Net Earnings | -$5.243M | -$7.415M | -$3.585M |
YoY Change | -148.77% | 106.86% | -194.26% |
Net Earnings / Revenue | -1817.54% | -6176.9% | -64.53% |
Basic Earnings Per Share | -$0.09 | -$0.01 | |
Diluted Earnings Per Share | -$737.0K | -$0.09 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 85.32M shares | 85.27M shares | 80.25M shares |
Diluted Shares Outstanding | 85.27M shares | 80.25M shares |
Balance Sheet
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.140M | $3.710M | $11.17M |
YoY Change | -85.27% | -66.79% | 419.53% |
Cash & Equivalents | $3.144M | $3.712M | $11.17M |
Short-Term Investments | |||
Other Short-Term Assets | $655.7K | $598.3K | $1.167M |
YoY Change | -39.31% | -48.72% | -36.92% |
Inventory | $675.0K | $676.4K | $342.7K |
Prepaid Expenses | $650.2K | ||
Receivables | $6.476M | $6.420M | $6.682M |
Other Receivables | $60.00K | $50.00K | |
Total Short-Term Assets | $11.47M | $12.07M | $19.93M |
YoY Change | -65.87% | -39.42% | -1.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $7.236M | $8.806M | $9.098M |
YoY Change | -26.0% | -3.21% | 34.59% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.272M | $1.290M | $1.269M |
YoY Change | -55.61% | 1.68% | -80.48% |
Total Long-Term Assets | $13.62M | $15.23M | $15.58M |
YoY Change | -23.71% | -2.29% | 17.52% |
TOTAL ASSETS | |||
Total Short-Term Assets | $11.47M | $12.07M | $19.93M |
Total Long-Term Assets | $13.62M | $15.23M | $15.58M |
Total Assets | $25.09M | $27.30M | $35.51M |
YoY Change | -51.25% | -23.12% | 5.81% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.071M | $3.832M | $2.411M |
YoY Change | 46.03% | 58.96% | -2.4% |
Accrued Expenses | $2.388M | $3.213M | $4.407M |
YoY Change | -54.9% | -27.09% | -16.54% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $9.360M | $9.360M | $20.83M |
YoY Change | -42.82% | -55.06% | -13.24% |
Total Short-Term Liabilities | $19.04M | $19.37M | $33.63M |
YoY Change | -31.87% | -42.4% | -26.42% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $11.81M | $7.980M | $1.700M |
YoY Change | 108.66% | 369.41% | -68.34% |
Other Long-Term Liabilities | $4.640M | $4.640M | $4.640M |
YoY Change | 0.0% | 0.0% | 0.0% |
Total Long-Term Liabilities | $16.45M | $12.62M | $6.345M |
YoY Change | 59.63% | 98.98% | -36.62% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $19.04M | $19.37M | $33.63M |
Total Long-Term Liabilities | $16.45M | $12.62M | $6.345M |
Total Liabilities | $35.49M | $32.00M | $39.98M |
YoY Change | -7.21% | -19.96% | -28.25% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$202.4M | -$197.2M | -$186.7M |
YoY Change | 15.05% | 5.61% | |
Common Stock | $198.3M | $8.532K | $8.148K |
YoY Change | 2.61% | 4.71% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$10.40M | -$4.701M | -$1.563M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $25.09M | $27.30M | $35.51M |
YoY Change | -51.25% | -23.12% | 5.81% |
Cashflow Statement
Concept | 2014 Q4 | 2014 Q3 | 2013 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$5.243M | -$7.415M | -$3.585M |
YoY Change | -148.77% | 106.86% | -194.26% |
Depreciation, Depletion And Amortization | $1.710M | $2.470M | $500.0K |
YoY Change | 216.67% | 394.0% | 28.21% |
Cash From Operating Activities | -$5.530M | -$6.560M | -$8.260M |
YoY Change | -136.6% | -20.58% | -29.1% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$140.0K | -$180.0K | -$660.0K |
YoY Change | -88.43% | -72.73% | 164.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | -$1.250M | |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$140.0K | -$180.0K | -$1.910M |
YoY Change | -450.0% | -90.58% | 664.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 5.100M | 4.730M | 11.01M |
YoY Change | -202.0% | -57.04% | 4.66% |
NET CHANGE | |||
Cash From Operating Activities | -5.530M | -6.560M | -8.260M |
Cash From Investing Activities | -140.0K | -180.0K | -1.910M |
Cash From Financing Activities | 5.100M | 4.730M | 11.01M |
Net Change In Cash | -570.0K | -2.010M | 840.0K |
YoY Change | -105.62% | -339.29% | -160.87% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.530M | -$6.560M | -$8.260M |
Capital Expenditures | -$140.0K | -$180.0K | -$660.0K |
Free Cash Flow | -$5.390M | -$6.380M | -$7.600M |
YoY Change | -133.03% | -16.05% | -33.33% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
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Number Of Securities Called By Warrants Or Rights Upon Additional Financing
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Deferred Revenue
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|
5662226 | |
CY2013Q4 | omex |
Noncurrent Assets Excluding Property Plant And Equipment
NoncurrentAssetsExcludingPropertyPlantAndEquipment
|
8072259 | |
CY2013Q4 | omex |
Artifacts
Artifacts
|
5406183 | |
CY2013Q4 | omex |
Derivative Financial Instruments Fair Value Assumptions Linked Common Shares
DerivativeFinancialInstrumentsFairValueAssumptionsLinkedCommonShares
|
1562500 | shares |
CY2010Q2 | omex |
Marine Service Account Receivables
MarineServiceAccountReceivables
|
2000000 | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1295833 | ||
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
279070 | ||
CY2014Q2 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
5225 | shares |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-34772729 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
78991192 | shares | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.27 | ||
us-gaap |
Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
|
3.18 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
78991192 | shares | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
284339 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
6565579 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-21492748 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
506055 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-434116 | ||
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
7826086 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-23532924 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
1342991 | ||
us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
6829 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-24063403 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-530479 | ||
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
2206642 | ||
us-gaap |
Revenues
Revenues
|
6671277 | ||
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
1250000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3286521 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-24399394 | ||
us-gaap |
Interest Paid
InterestPaid
|
392719 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
4682426 | ||
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
139667 | ||
us-gaap |
Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
|
2206642 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
756795 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2123706 | ||
us-gaap |
Interest Expense
InterestExpense
|
2883617 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
30204201 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
160154 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1076622 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
335991 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
410357 | ||
us-gaap |
Depreciation
Depreciation
|
1398541 | ||
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
1641325 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
40385872 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6039905 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-9719353 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4536521 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
453770 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-2906646 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2123706 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
10000000 | ||
omex |
Expedition Charter Revenue
ExpeditionCharterRevenue
|
5480 | ||
omex |
Shares Used In Computation For Earning Per Share Basic
SharesUsedInComputationForEarningPerShareBasic
|
78991192 | shares | |
omex |
Redemptions Of Senior Convertible Notes
RedemptionsOfSeniorConvertibleNotes
|
863651 | ||
omex |
Operations And Research
OperationsAndResearch
|
19403757 | ||
omex |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
-21492748 | ||
omex |
Exhibit Revenue
ExhibitRevenue
|
100218 | ||
omex |
Proceeds From Sale Of Subsidiary Stock
ProceedsFromSaleOfSubsidiaryStock
|
25000000 | ||
omex |
Investment In Consolidated Entity
InvestmentInConsolidatedEntity
|
-301093 | ||
omex |
Senior Convertible Debit Interest Settled With Common Stock Issuance
SeniorConvertibleDebitInterestSettledWithCommonStockIssuance
|
489961 | ||
omex |
Settlement Of Vendor Payable With Subsidiary Stock
SettlementOfVendorPayableWithSubsidiaryStock
|
625000 | ||
omex |
Repayment Of Mortgage And Loans Payable
RepaymentOfMortgageAndLoansPayable
|
654033 | ||
omex |
Prior Period Accrued Compensation Paid By Equity Instruments
PriorPeriodAccruedCompensationPaidByEquityInstruments
|
165748 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
ODYSSEY MARINE EXPLORATION INC | ||
dei |
Trading Symbol
TradingSymbol
|
OMEX | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-23001668 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
|
2007-08-17 | ||
us-gaap |
Accelerated Share Repurchases Initial Price Paid Per Share
AcceleratedShareRepurchasesInitialPricePaidPerShare
|
4.32 | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 4%; -webkit-text-stroke-width: 0px"> Management used estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were used.</p> </div> | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
84707367 | shares | |
us-gaap |
Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
|
2014-04-13 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.25 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000798528 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.25 | ||
us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
Prime rate plus three-fourths of one percent (0.75%) | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
us-gaap |
Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
|
1.69 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
84707367 | shares | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-21384 | ||
us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
6944313 | ||
us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
982912 | ||
us-gaap |
Payments Of Loan Costs
PaymentsOfLoanCosts
|
253347 | ||
us-gaap |
Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
|
45000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-21229763 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2043110 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
286534 | ||
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
2347826 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-22319219 | ||
us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
676820 | ||
us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
25194 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
15000 | ||
us-gaap |
Recovery Of Direct Costs
RecoveryOfDirectCosts
|
6290465 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-22957984 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
246653 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-638765 | ||
us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
676820 | ||
us-gaap |
Revenues
Revenues
|
1034396 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
500000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2830198 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-22476929 | ||
us-gaap |
Interest Paid
InterestPaid
|
648547 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
6213432 | ||
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
113540 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-522500 | ||
us-gaap |
Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
|
676820 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1827767 | ||
us-gaap |
Interest Expense
InterestExpense
|
931819 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
23353615 | ||
us-gaap |
Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
|
10000000 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
8191210 | ||
us-gaap |
Transfer To Investments
TransferToInvestments
|
522500 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
15046 | ||
us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
10750 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-17610684 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-481055 | ||
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | ||
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
204516 | ||
us-gaap |
Depreciation
Depreciation
|
3802547 | ||
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
302744 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
8221182 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-1750527 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-2830198 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
359400 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1247166 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1785306 | ||
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
12684514 | ||
omex |
Short Term Investments Maturity Period
ShortTermInvestmentsMaturityPeriod
|
Three months or less | ||
omex |
Net Operating Loss Carry Back Period Original
NetOperatingLossCarryBackPeriodOriginal
|
P2Y | ||
omex |
Borrowing Base Value Of Secured Collateral Percentage
BorrowingBaseValueOfSecuredCollateralPercentage
|
0.40 | pure | |
omex |
Shares Used In Computation For Earning Per Share Basic
SharesUsedInComputationForEarningPerShareBasic
|
84707367 | shares | |
omex |
Operations And Research
OperationsAndResearch
|
14957889 | ||
omex |
Period For Registration Statement Subject To Review
PeriodForRegistrationStatementSubjectToReview
|
120 days thereafter | ||
omex |
Investment Repayment Period
InvestmentRepaymentPeriod
|
P3Y | ||
omex |
Estimated Annual Effective Tax Rate
EstimatedAnnualEffectiveTaxRate
|
0.3237 | pure | |
omex |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
-21229763 | ||
omex |
Number Of Stock Incentive Plans
NumberOfStockIncentivePlans
|
1 | Incentive_Plan | |
omex |
Percentage Of Debt Instrument Conversion Price On Market Price Of Common Stock
PercentageOfDebtInstrumentConversionPriceOnMarketPriceOfCommonStock
|
1.250 | pure | |
omex |
Period For Warrant Term
PeriodForWarrantTerm
|
P5Y6M | ||
omex |
Net Operating Loss Carry Back Period One
NetOperatingLossCarryBackPeriodOne
|
P5Y | ||
omex |
Net Operating Loss Carried Forward Available For Offsetting Against Future Taxable Income Percentage
NetOperatingLossCarriedForwardAvailableForOffsettingAgainstFutureTaxableIncomePercentage
|
1.00 | pure | |
omex |
Dividends Received From Subsidiary
DividendsReceivedFromSubsidiary
|
21500000 | ||
omex |
Secured Collateral
SecuredCollateral
|
24700 | Coins | |
omex |
Percentage Of Acceleration Payment Of Remaining Face Value
PercentageOfAccelerationPaymentOfRemainingFaceValue
|
1.25 | pure | |
omex |
Period For Registration Statement To Be Declared Effective
PeriodForRegistrationStatementToBeDeclaredEffective
|
90 days thereafter | ||
omex |
Exhibit Revenue
ExhibitRevenue
|
51484 | ||
omex |
Payment Restricted Cash Held As Collateral On Loan Payable
PaymentRestrictedCashHeldAsCollateralOnLoanPayable
|
-10000000 | ||
omex |
Period For Anniversary Of Initial Closing Date
PeriodForAnniversaryOfInitialClosingDate
|
Five-year period beginning on the six-month | ||
omex |
Distribution Ratio Of Remaining Net Proceed
DistributionRatioOfRemainingNetProceed
|
0.25 | pure | |
omex |
Federal Tax Benefit Related To Operating Loss Carryforwards
FederalTaxBenefitRelatedToOperatingLossCarryforwards
|
0 | ||
omex |
Senior Convertible Debit Interest Settled With Common Stock Issuance
SeniorConvertibleDebitInterestSettledWithCommonStockIssuance
|
73037 | ||
omex |
Shares Of Common Stock Issuable Upon Exercise Of Warrant
SharesOfCommonStockIssuableUponExerciseOfWarrant
|
434027 | shares | |
omex |
Period For Registration Statement Of Initial Closing Date
PeriodForRegistrationStatementOfInitialClosingDate
|
P6M | ||
omex |
Prior Period Accrued Compensation Paid By Equity Instruments
PriorPeriodAccruedCompensationPaidByEquityInstruments
|
113126 | ||
omex |
Number Of Financial Institutions In Which Cash Deposited
NumberOfFinancialInstitutionsInWhichCashDeposited
|
1 | Institution | |
omex |
Repayment Of Mortgage And Loans Payable
RepaymentOfMortgageAndLoansPayable
|
14463332 | ||
omex |
Net Operating Loss Carried Forward Available For Offsetting Against Future Taxable Income Percentage As Original
NetOperatingLossCarriedForwardAvailableForOffsettingAgainstFutureTaxableIncomePercentageAsOriginal
|
0.90 | pure | |
omex |
Reversal Of Bad Debt Provision
ReversalOfBadDebtProvision
|
522500 | ||
omex |
Percentage Of Cash Proceeds From Monetization Of Recovered Cargo
PercentageOfCashProceedsFromMonetizationOfRecoveredCargo
|
0.80 | pure | |
omex |
Percentage Of Subsequent Cash Proceeds After Reimbursement
PercentageOfSubsequentCashProceedsAfterReimbursement
|
0.45 | pure | |
CY2013 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
24000000 | shares |
omex |
Percentage Of Adjusted Conversion Price Of Quoted Market Prices
PercentageOfAdjustedConversionPriceOfQuotedMarketPrices
|
0.75 | pure | |
CY2013 | omex |
Proceeds From Sale Of Subsidiary Stock
ProceedsFromSaleOfSubsidiaryStock
|
27500000 | |
CY2011 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
2500000 | shares |
CY2011 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
2500000 | |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
80252203 | shares |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
CY2013Q3 | us-gaap |
Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
|
3.28 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
80252203 | shares |
CY2013Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
5534933 | |
CY2013Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-931393 | |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3444721 | |
CY2013Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
640153 | |
CY2013Q3 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
4074 | |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-3349290 | |
CY2013Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
95431 | |
CY2013Q3 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
870453 | |
CY2013Q3 | us-gaap |
Revenues
Revenues
|
5554460 | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3584539 | |
CY2013Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
114980 | |
CY2013Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
882933 | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
894076 | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
8999181 | |
CY2013Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4670196 | |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
235249 | |
CY2013Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
169573 | |
CY2013Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-2653146 | |
CY2013Q3 | omex |
Shares Used In Computation For Earning Per Share Basic
SharesUsedInComputationForEarningPerShareBasic
|
80252203 | shares |
CY2013Q3 | omex |
Redemptions Of Senior Convertible Notes
RedemptionsOfSeniorConvertibleNotes
|
230300 | |
CY2013Q3 | omex |
Operations And Research
OperationsAndResearch
|
4159412 | |
CY2013Q3 | omex |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
-931393 | |
CY2013Q3 | omex |
Share Based Compensation Arrangement By Share Based Payment Award Options Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssued
|
0 | shares |
CY2013Q3 | omex |
Exhibit Revenue
ExhibitRevenue
|
19527 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.09 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85271429 | shares |
CY2014Q3 | us-gaap |
Class Of Warrant Or Righst Date From Which Warrants Or Rights Exercisable
ClassOfWarrantOrRighstDateFromWhichWarrantsOrRightsExercisable
|
2013-10-11 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.09 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.09 | |
CY2014Q3 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.000 | pure |
CY2014Q3 | us-gaap |
Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
|
1.22 | |
CY2014Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85271429 | shares |
CY2014Q3 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
95046 | |
CY2014Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-7415124 | |
CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7803841 | |
CY2014Q3 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
305841 | |
CY2014Q3 | us-gaap |
Investment Income Nonoperating
InvestmentIncomeNonoperating
|
557 | |
CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-7673838 | |
CY2014Q3 | us-gaap |
Recovery Of Direct Costs
RecoveryOfDirectCosts
|
2783505 | |
CY2014Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
130003 | |
CY2014Q3 | us-gaap |
Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
|
305841 | |
CY2014Q3 | us-gaap |
Revenues
Revenues
|
120046 | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7673838 | |
CY2014Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
92497 | |
CY2014Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
607106 | |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
268892 | |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
7923887 | |
CY2014Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2782362 | |
CY2014Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
27026 | |
CY2014Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-258714 | |
CY2014Q3 | omex |
Shares Used In Computation For Earning Per Share Basic
SharesUsedInComputationForEarningPerShareBasic
|
85271429 | shares |
CY2014Q3 | omex |
Operations And Research
OperationsAndResearch
|
5114499 | |
CY2014Q3 | omex |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
-7415124 | |
CY2014Q3 | omex |
Share Based Compensation Arrangement By Share Based Payment Award Options Issued
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsIssued
|
0 | shares |
CY2014Q3 | omex |
Exhibit Revenue
ExhibitRevenue
|
25000 |