Brownie's Marine Group, Inc (BWMG) financial statements (2022 and earlier)

Company profile

Business Address 3001 NW 25TH AVENUE,
POMPANO BEACH, FL 33069
State of Incorp. FL
Fiscal Year End December 31
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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3457179151192142
Cash and cash equivalents 3457179151192142
Receivables 149160106606962
Inventory, net of allowances, customer advances and progress billings 864719723823673654
Inventory 864719723823673654
Prepaid expense 26 19224549
Advances on inventory purchases 854939283042
Other current assets      7
Other undisclosed current assets      41
Total current assets: 1,4699989661,2861,018958
Noncurrent Assets
Operating lease, right-of-use asset 447545
Property, plant and equipment 1431034275786
Other noncurrent assets 142026  7
Deferred tax assets, net 33 
Other undisclosed noncurrent assets    772
Total noncurrent assets: 60466830376695
TOTAL ASSETS: 2,0731,6679961,3221,0841,053
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 387519325393324350
Accounts payable 24541425014311060
Accrued liabilities 2 2   
Employee-related liabilities 966648291627
Interest and dividends payable 231710212177181
Other undisclosed accounts payable and accrued liabilities 20221592082
Deferred revenue 20121
Debt 311348110390319594
Due to related parties 102264125  22
Customer advances and deposits973225
Contract with customer, liability246
Other liabilities 101152142142177232
Other undisclosed current liabilities 108   6410
Total current liabilities: 1,0291,4039491,0229151,233
Noncurrent Liabilities
Long-term debt and lease obligation 460507   6
Long-term debt, excluding current maturities 12160   6
Operating lease, liability 339447
Other undisclosed noncurrent liabilities (339)     
Total noncurrent liabilities: 460507   6
Total liabilities: 1,4891,9109491,0229151,239
Stockholders' equity
Stockholders' equity attributable to parent, including: 584(243)47301169(186)
Preferred stock 000000
Common stock 3123161079
Additional paid in capital 13,50911,33810,2149,1708,7938,666
Retained earnings (accumulated deficit) (12,956)(11,605)(10,183)(8,880)8,631(8,861)
Other undisclosed stockholders' equity attributable to parent 0000(17,262)0
Total stockholders' equity: 584(243)47301169(186)
TOTAL LIABILITIES AND EQUITY: 2,0731,6679961,3221,0841,053

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 4,5562,9682,5422,0292,2642,760
Revenue, net2,0292,2642,760
Revenue from related parties 838663707
Cost of revenue (3,092)(2,519)(2,227)(1,423)(1,665)(1,832)
Cost of goods and services sold (2,538)(2,093)(1,809)(934)(1,211)(1,832)
Gross profit: 1,464448316605599928
Operating expenses (2,797)(1,732)(1,327)(820)(617)(680)
Operating income (loss): (1,333)(1,284)(1,011)(215)(18)248
Nonoperating income (expense) (19)(138)28934(248)(18)
Other nonoperating income (expense)    (4)(45)20
Interest and debt expense (19)(131)737(235)(37)
Income (loss) from continuing operations before equity method investments, income taxes: (1,370)(1,553)(715)(144)(500)193
Other undisclosed income (loss) from continuing operations before income taxes 19131(586)(105)73037
Income (loss) from continuing operations before income taxes: (1,352)(1,422)(1,300)(249)230230
Income tax expense   (3)  (0)
Net income (loss) available to common stockholders, diluted: (1,352)(1,422)(1,303)(249)230230

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (1,352)(1,422)(1,303)(249)230230
Comprehensive income (loss), net of tax, attributable to parent: (1,352)(1,422)(1,303)(249)230230

Statements sources

The financial statements are based on the company's filings with the 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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