Brownie's Marine Group, Inc (BWMG) Financial Statements (2024 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)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments288419348484577575
Cash and cash equivalents288419348484577575
Receivables(29)(29)(29)167224352
Inventory, net of allowances, customer advances and progress billings2,0462,1392,2162,4222,4592,323
Inventory2,0462,1392,2162,4222,4592,323
Prepaid expense   149  
Advances on inventory purchases   43  
Other undisclosed current assets547525429 315534
Total current assets:2,8523,0542,9643,2663,5753,784
Noncurrent Assets
Operating lease, right-of-use asset9421,0001,0571,1331,198373
Property, plant and equipment365366389340371292
Intangible assets, net (including goodwill)842860878896915933
Goodwill250250250250250250
Intangible assets, net (excluding goodwill)592610628646665683
Other noncurrent assets313131312018
Total noncurrent assets:2,1792,2572,3562,4002,5041,616
TOTAL ASSETS:5,0315,3105,3205,6656,0795,399
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  248298551,205
Accounts payable  24504  
Accrued liabilities   64  
Other undisclosed accounts payable and accrued liabilities   2618551,205
Deferred revenue345384230168125281
Debt7371117664838
Other liabilities347348307373229222
Due to related parties876631
Other undisclosed current liabilities1,3631,088965269268214
Total current liabilities:2,1271,8911,6431,7921,5911,991
Noncurrent Liabilities
Long-term debt and lease obligation904514704871,383574
Long-term debt, excluding current maturities90451470487453415
Liabilities, other than long-term debt659728793864  
Operating lease, liability659728793864930159
Other undisclosed noncurrent liabilities     (930)(159)
Total noncurrent liabilities:7491,1801,2631,3511,383574
Total liabilities:2,8763,0712,9063,1432,9742,565
Equity
Equity, attributable to parent, including:2,1552,2392,4142,5223,1042,834
Preferred stock000000
Common stock444444434241
Additional paid in capital19,16519,15119,13518,91718,66418,118
Accumulated other comprehensive loss      (9)
Accumulated deficit(17,054)(16,955)(16,765)(16,437)(15,602)(15,317)
Other undisclosed equity, attributable to parent000000
Total equity:2,1552,2392,4142,5223,1042,834
TOTAL LIABILITIES AND EQUITY:5,0315,3105,3205,6656,0795,399

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

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Revenues2,2822,0721,6391,3922,8092,401
Cost of revenue(1,545)(1,446)(1,225)(1,094)(1,852)(1,538)
Cost of goods and services sold  (1,291)(1,071)(935)(1,668)(1,332)
Gross profit:737625414299957863
Operating expenses(815)(795)(727)(1,123)(1,229)(1,182)
Operating loss:(78)(170)(313)(825)(273)(319)
Nonoperating expense   (15)(11)(12) 
Debt instrument, convertible, beneficial conversion feature     19 
Interest and debt expense(21)(20)(15)(11)(12)(10)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Loss from continuing operations before equity method investments, income taxes:(99)(190)(343)(847)(296)(329)
Other undisclosed income from continuing operations before income taxes  151112 
Loss from continuing operations:(99)(190)(328)(836)(284)(329)
Loss before gain (loss) on sale of properties:(284)(329)
Other undisclosed net income (loss)  656(2,114)  
Net income (loss):(99)(190)328(2,950)(284)(329)
Other undisclosed net income (loss) attributable to parent  (656)2,114  
Net loss available to common stockholders, diluted:(99)(190)(328)(836)(284)(329)

Comprehensive Income ($ in thousands)

12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
Net income (loss):(99)(190)328(2,950)(284)(329)
Comprehensive income (loss):(99)(190)328(2,950)(284)(329)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (656)2,1149(10)
Comprehensive loss, net of tax, attributable to parent:(99)(190)(328)(836)(276)(339)

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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