Brownie's Marine Group, Inc (BWMG) Financial Statements (2025 and earlier)

Company Profile

Business Address 3001 NW 25TH AVENUE,
POMPANO BEACH, FL 33069
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 3949 - Sporting and Athletic Goods, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4314846433457179
Cash and cash equivalent4314846433457179
Receivables(54)167201149160106
Inventory, net of allowances, customer advances and progress billings1,9992,4221,895864719723
Inventory1,9992,4221,895864719723
Prepaid expense 801496126 19
Advances on inventory purchases 11043167854939
Other undisclosed current assets171     
Total current assets:2,7373,2662,9661,469998966
Noncurrent Assets
Operating lease, right-of-use asset8441,133454447545
Property, plant and equipment3433402701431034
Intangible assets, net (including goodwill)824896969   
Goodwill250250250   
Intangible assets, net (excluding goodwill)574646719   
Other noncurrent assets313114142026
Total noncurrent assets:2,0412,4001,70860466830
TOTAL ASSETS:4,7785,6654,6742,0731,667996
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 790829744387519325
Interest and dividends payable9231710
Employee-related liabilities166966648
Accounts payable 491504517245414250
Accrued liabilities 26764 2 2
Other undisclosed accounts payable and accrued liabilities 3126152202215
Deferred revenue25616814420121
Debt756650311348110
Other liabilities452373188101152142
Due to related parties8737102264125
Contract with customer, liability246
Other undisclosed current liabilities930269232108  
Total current liabilities:2,5031,7921,3961,0291,403949
Noncurrent Liabilities
Long-term debt and lease obligation65487650460507 
Long-term debt, excluding current maturities6548742712160 
Liabilities, other than long-term debt616864    
Operating lease, liability616864223339447
Other undisclosed noncurrent liabilities   (223)(339)  
Total noncurrent liabilities:6811,351650460507 
Total liabilities:3,1833,1432,0461,4891,910949
Equity
Equity, attributable to parent, including:1,5952,5222,628584(243)47
Preferred stock000000
Common stock444339312316
Additional paid in capital19,23618,91717,13213,50911,33810,214
Accumulated deficit(17,686)(16,437)(14,545)(12,956)(11,605)(10,183)
Other undisclosed equity, attributable to parent000000
Total equity:1,5952,5222,628584(243)47
TOTAL LIABILITIES AND EQUITY:4,7785,6654,6742,0731,667996

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,5818,5776,2274,5562,9682,542
Revenue from related parties9821,116838663707
Cost of revenue(5,473)(5,783)(4,338)(3,092)(2,519)(2,227)
Cost of product and service sold  (5,056)(3,570)(2,538)(2,093)(1,809)
Gross profit:2,1082,7941,8901,464448316
Operating expenses(3,277)(4,645)(3,742)(2,797)(1,732)(1,327)
Other undisclosed operating income      
Operating loss:(1,169)(1,850)(1,853)(1,333)(1,284)(1,011)
Nonoperating income (expense)(79)(42)264(19)(138)289
Interest and debt expense(79)(42)10(19)(131)7
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Loss from continuing operations before equity method investments, income taxes:(1,327)(1,935)(1,578)(1,370)(1,553)(715)
Other undisclosed income (loss) from continuing operations before income taxes7942(10)19131(586)
Loss from continuing operations before income taxes:(1,248)(1,893)(1,588)(1,352)(1,422)(1,300)
Income tax expense      (3)
Loss from continuing operations:(1,248)(1,893)(1,588)(1,352)(1,422)(1,303)
Loss before gain (loss) on sale of properties:(1,588)(1,352)(1,422)(1,303)
Other undisclosed net loss      
Net loss:(1,248)(1,893)(1,588)(1,352)(1,422)(1,303)
Other undisclosed net income attributable to parent      
Net loss available to common stockholders, diluted:(1,248)(1,893)(1,588)(1,352)(1,422)(1,303)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(1,248)(1,893)(1,588)(1,352)(1,422)(1,303)
Comprehensive loss:(1,248)(1,893)(1,588)(1,352)(1,422)(1,303)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive loss, net of tax, attributable to parent:(1,248)(1,893)(1,588)(1,352)(1,422)(1,303)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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