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 investments 791511921421970
Cash and cash equivalents 791511921421970
Receivables 1066069624736
Inventory, net of allowances, customer advances and progress billings 723823673654606736
Inventory 723823673654606736
Prepaid expense 19224549814
Advances on inventory purchases 3928304222 
Other current assets    710
Other undisclosed current assets    4172201
Total current assets: 9661,2861,0189587741,058
Noncurrent Assets
Property, plant and equipment 427578610976
Deposits noncurrent assets     6 
Other noncurrent assets 26  73128
Deferred tax assets, net 33   
Other undisclosed noncurrent assets  772(4)2
Total noncurrent assets: 30376695142106
TOTAL ASSETS: 9961,3221,0841,0539161,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 325393324350463535
Accounts payable 2501431106019667
Accrued liabilities 2     
Employee-related liabilities 482916273251
Interest and dividends payable 10212177181151 
Other undisclosed accounts payable and accrued liabilities 159208284417
Debt 110390319594602549
Due to related parties 125  2228 
Customer advances and deposits97322540
Contract with customer, liability246
Other liabilities 142142177232233252
Other undisclosed current liabilities   6410(10)425
Total current liabilities: 9491,0229151,2331,3571,760
Noncurrent Liabilities
Long-term debt and lease obligation    6123
Long-term debt, excluding current maturities    6123
Total noncurrent liabilities:    6123
Total liabilities: 9491,0229151,2391,3691,763
Stockholders' equity
Stockholders' equity attributable to parent, including: 47301169(186)(453)(599)
Preferred stock 000000
Common stock 16107961
Additional paid in capital 10,2149,1708,7938,6668,6318,478
Retained earnings (accumulated deficit) (10,183)(8,880)8,631(8,861)(9,091)(9,078)
Other undisclosed stockholders' equity attributable to parent 00(17,262)000
Total stockholders' equity: 47301169(186)(453)(599)
TOTAL LIABILITIES AND EQUITY: 9961,3221,0841,0539161,164

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
Revenues 2,5422,0292,2642,7602,7362,871
Revenue, net2,0292,2642,7602,7362,871
Revenue from related parties 707
Cost of revenue (2,227)(1,423)(1,665)(1,832)(1,992)(1,990)
Cost of goods and services sold (1,809)(934)(1,211)(1,832)(1,992)(1,990)
Gross profit: 316605599928744881
Operating expenses (1,327)(820)(617)(680)(623)(1,535)
Operating income (loss): (1,011)(215)(18)248121(654)
Nonoperating income (expense) 28934(248)(18)(27)(127)
Investment income, nonoperating      22
Other nonoperating income (expense)  (4)(45)203074
Interest and debt expense 737(235)(37)(40)(198)
Income (loss) from continuing operations before equity method investments, income taxes: (715)(144)(500)19355(979)
Other undisclosed income (loss) from continuing operations before income taxes (586)(105)7303740198
Income (loss) from continuing operations before income taxes: (1,300)(249)23023094(781)
Income tax expense (3)  (0)(0)(7)
Net income (loss) available to common stockholders, diluted: (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): (1,303)(249)23023094(788)
Comprehensive income (loss), net of tax, attributable to parent: (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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