Brownie's Marine Group, Inc. (BWMG) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments153791511921421970
Cash and cash equivalents153791511921421970
Receivables811066069624736
Inventory, net of allowances, customer advances and progress billings794723823673654606736
Inventory794723823673654606736
Prepaid expense319224549814
Advances on inventory purchases683928304222 
Other current assets    710
Other undisclosed current assets    4172201
Total current assets:1,0999661,2861,0189587741,058
Noncurrent Assets
Operating lease, right-of-use asset568
Property, plant and equipment96427578610976
Deposits noncurrent assets     6 
Other noncurrent assets2226  73128
Deferred tax assets, net 33   
Other undisclosed noncurrent assets  772(4)2
Total noncurrent assets:68630376695142106
TOTAL ASSETS:1,7859961,3221,0841,0539161,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:330325393324350463535
Accounts payable2362501431106019667
Accrued liabilities 2     
Employee-related liabilities62482916273251
Interest and dividends payable1510212177181151 
Other undisclosed accounts payable and accrued liabilities18159208284417
Deferred revenue287
Debt206110390319594602549
Due to related parties151125  2228 
Customer advances and deposits97322540
Contract with customer, liability246
Other liabilities234142142177232233252
Other undisclosed current liabilities   6410(10)425
Total current liabilities:1,2089491,0229151,2331,3571,760
Noncurrent Liabilities
Long-term debt and lease obligation472   6123
Long-term debt, excluding current maturities    6123
Operating lease, liability472
Total noncurrent liabilities:472   6123
Total liabilities:1,6819491,0229151,2391,3691,763
Stockholders' equity
Stockholders' equity attributable to parent, including:10447301169(186)(453)(599)
Preferred stock0000000
Common stock2216107961
Additional paid in capital11,09010,2149,1708,7938,6668,6318,478
Retained earnings (accumulated deficit)(11,009)(10,183)(8,880)8,631(8,861)(9,091)(9,078)
Other undisclosed stockholders' equity attributable to parent000(17,262)000
Total stockholders' equity:10447301169(186)(453)(599)
TOTAL LIABILITIES AND EQUITY:1,7859961,3221,0841,0539161,164

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,7232,5422,0292,2642,7602,7362,871
Revenue, net2,0292,2642,7602,7362,871
Revenue from related parties748707
Cost of revenue(2,368)(2,227)(1,423)(1,665)(1,832)(1,992)(1,990)
Cost of goods and services sold(1,925)(1,809)(934)(1,211)(1,832)(1,992)(1,990)
Gross profit:355316605599928744881
Operating expenses(1,848)(1,327)(820)(617)(680)(623)(1,535)
Operating income (loss):(1,493)(1,011)(215)(18)248121(654)
Nonoperating income (expense)25328934(248)(18)(27)(127)
Investment income, nonoperating      22
Other nonoperating income (expense)  (4)(45)203074
Interest and debt expense39737(235)(37)(40)(198)
Income (loss) from continuing operations before equity method investments, income taxes:(1,201)(715)(144)(500)19355(979)
Other undisclosed income (loss) from continuing operations before income taxes(549)(586)(105)7303740198
Income (loss) from continuing operations before income taxes:(1,750)(1,300)(249)23023094(781)
Income tax expense (3)  (0)(0)(7)
Other undisclosed loss from continuing operations(3)      
Net income (loss) available to common stockholders, diluted:(1,752)(1,303)(249)23023094(788)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,752)(1,303)(249)23023094(788)
Comprehensive income (loss):(1,752)(1,303)(249)23023094(788)
Other undisclosed comprehensive loss, net of tax, attributable to parent(10)      
Comprehensive income (loss), net of tax, attributable to parent:(1,762)(1,303)(249)23023094(788)

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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