ODYSSEY MARINE EXPLORATION INC PP&E Disclosure
Property and equipment consisted of the following:
|
|
December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Computers and peripherals |
|
$ |
137,562 |
|
|
$ |
370,712 |
|
Furniture and office equipment |
|
|
131,615 |
|
|
|
131,615 |
|
Marine equipment |
|
|
500,838 |
|
|
|
803,013 |
|
Property and equipment |
|
|
770,015 |
|
|
|
1,305,340 |
|
Less: Accumulated depreciation |
|
|
(295,199 |
) |
|
|
(771,324 |
) |
Property and equipment, net |
|
$ |
474,816 |
|
|
$ |
534,016 |
|
Depreciation expense included in marketing, general and administrative expense in the consolidated statements of operations was $75,298 and $79,019 for the years ended December 31, 2025 and 2024, respectively.
Want the next ODYSSEY MARINE EXPLORATION INC pp&e disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment ODYSSEY MARINE EXPLORATION INC's next filing hits EDGAR. No credit card, your email never gets sold.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | May 17, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Mar 31, 2022 | |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 30, 2020 | |
| 2018 | Apr 1, 2019 | |
| 2017 | Mar 26, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 30, 2016 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.