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
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73916234434577049236
Cash and cash equivalents73916234434577049236
Restricted cash and investments122      
Receivables34140916214914419963
Inventory, net of allowances, customer advances and progress billings1,717985958864834876799
Inventory1,717985958864834876799
Prepaid expense   26   
Advances on inventory purchases   85   
Other undisclosed current assets381399245 1098024
Total current assets:3,2991,9541,7091,4691,8561,647921
Noncurrent Assets
Operating lease, right-of-use asset518395423447472497521
Property, plant and equipment27914513714315093100
Intangible assets, net (including goodwill)994      
Goodwill185      
Intangible assets, net (excluding goodwill)808      
Other noncurrent assets18111214151719
Total noncurrent assets:1,809551572604637606639
TOTAL ASSETS:5,1082,5052,2812,0732,4942,2531,561
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:617589427387380398581
Accounts payable   245   
Accrued liabilities   2   
Employee-related liabilities   96   
Interest and dividends payable   23   
Settlement liabilities     50 
Other undisclosed accounts payable and accrued liabilities61758942720380348581
Deferred revenue389444020394448
Debt60130170311316292250
Due to related parties859591102136165240
Other liabilities177185137101109136140
Other undisclosed current liabilities228113110108105103100
Total current liabilities:1,5551,1569751,0291,0861,1381,360
Noncurrent Liabilities
Long-term debt and lease obligation840345530460509527473
Long-term debt, excluding current maturities5506221712114213352
Operating lease, liability290283313339367394421
Other undisclosed noncurrent liabilities(290)(283)(313)(339)(367)(394)(421)
Total noncurrent liabilities:840345530121509527473
Total liabilities:2,3961,5011,5051,4891,5961,6641,833
Stockholders' equity
Stockholders' equity attributable to parent, including:2,7121,004776584898589(273)
Preferred stock0000000
Common stock39343431303026
Additional paid in capital16,70014,45614,13913,50913,12612,87411,602
Accumulated deficit(14,028)(13,487)(13,397)(12,956)(12,259)(12,315)(11,901)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:2,7121,004776584898589(273)
TOTAL LIABILITIES AND EQUITY:5,1082,5052,2812,0732,4942,2531,561

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues1,5591,7139519301,6711,321635
Revenue from related parties270353204203282197157
Cost of revenue(1,184)(1,116)(640)(745)(991)(824)(532)
Cost of goods and services sold(1,009)(877)(509)(604)(817)(686)(432)
Gross profit:375597311185680497103
Operating expenses(910)(845)(758)(879)(621)(904)(394)
Operating income (loss):(535)(248)(447)(694)59(408)(291)
Nonoperating income (expense) 1586   (6)
Interest and debt expense(6)(2)10(4)(2)(6)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (19)   
Income (loss) from continuing operations before equity method investments, income taxes:(541)(92)(431)(716)57(414)(303)
Other undisclosed income (loss) from continuing operations before income taxes 2(10)19  6
Net income (loss) attributable to parent:(541)(90)(441)(697)57(414)(297)
Other undisclosed net loss available to common stockholders, basic   (711)   
Net income (loss) available to common stockholders, basic:(541)(90)(441)(1,408)57(414)(297)
Other undisclosed net loss available to common stockholders, diluted   (2)   
Net income (loss) available to common stockholders, diluted:(541)(90)(441)(1,410)57(414)(297)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):(541)(90)(441)(697)57(414)(297)
Comprehensive income (loss), net of tax, attributable to parent:(541)(90)(441)(697)57(414)(297)

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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