| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
The potential common shares in the following tables represent potential common shares from outstanding options, restricted stock awards, convertible notes and other convertible securities that were excluded from the calculation of diluted EPS during the periods presented due to having an anti-dilutive effect:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Average market price during the period |
|
$ |
1.02 |
|
|
$ |
0.91 |
|
|
$ |
1.36 |
|
|
$ |
0.71 |
|
Option awards |
|
|
2,422,693 |
|
|
|
2,159,574 |
|
|
|
2,422,693 |
|
|
|
2,159,574 |
|
Unvested restricted stock awards |
|
|
110,001 |
|
|
|
— |
|
|
|
110,001 |
|
|
|
— |
|
SPA written call options |
|
|
— |
|
|
|
4,618,546 |
|
|
|
— |
|
|
|
4,618,546 |
|
Convertible notes |
|
|
— |
|
|
|
18,858,952 |
|
|
|
— |
|
|
|
18,858,952 |
|
Common Stock Warrant related |
|
|
7,316,966 |
|
|
|
10,267,387 |
|
|
|
5,611,909 |
|
|
|
10,267,387 |
|
Put Options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,871,880 |
|
Equity exchange rights in connection with Mexican Corporate Transaction |
|
|
1,841,137 |
|
|
|
1,841,132 |
|
|
|
1,841,137 |
|
|
|
1,841,132 |
|
|
| Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share |
The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to Odyssey Marine Exploration, Inc. |
|
$ |
(9,309,787 |
) |
|
$ |
(14,847,963 |
) |
|
$ |
(8,962,441 |
) |
|
$ |
(12,606,393 |
) |
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic net loss available to stockholders |
|
$ |
(9,309,787 |
) |
|
$ |
(14,847,963 |
) |
|
$ |
(8,962,441 |
) |
|
$ |
(12,606,393 |
) |
Diluted net loss income available to stockholders |
|
$ |
(9,309,787 |
) |
|
$ |
(14,847,963 |
) |
|
$ |
(8,962,441 |
) |
|
$ |
(12,606,393 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding – Basic |
|
|
58,587,436 |
|
|
|
30,750,588 |
|
|
|
57,648,338 |
|
|
|
29,931,163 |
|
Weighted average common shares outstanding – Diluted |
|
|
58,587,436 |
|
|
|
30,750,588 |
|
|
|
57,648,338 |
|
|
|
29,931,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
(0.16 |
) |
|
$ |
(0.48 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.42 |
) |
Diluted |
|
$ |
(0.16 |
) |
|
$ |
(0.48 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.42 |
) |
|