Brownie's Marine Group, Inc. (BWMG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments345717915119214219
Cash and cash equivalents345717915119214219
Receivables14916010660696247
Inventory, net of allowances, customer advances and progress billings864719723823673654606
Inventory864719723823673654606
Prepaid expense26 192245498
Advances on inventory purchases85493928304222
Other current assets     71
Other undisclosed current assets     4172
Total current assets:1,4699989661,2861,018958774
Noncurrent Assets
Operating lease, right-of-use asset447545
Property, plant and equipment1431034275786109
Deposits noncurrent assets      6
Other noncurrent assets142026  731
Deferred tax assets, net 33  
Other undisclosed noncurrent assets   772(4)
Total noncurrent assets:60466830376695142
TOTAL ASSETS:2,0731,6679961,3221,0841,053916
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:387519325393324350463
Accounts payable24541425014311060196
Accrued liabilities2 2    
Employee-related liabilities96664829162732
Interest and dividends payable231710212177181151
Other undisclosed accounts payable and accrued liabilities2022159208284
Deferred revenue20121
Debt311348110390319594602
Due to related parties102264125  2228
Customer advances and deposits97322540
Contract with customer, liability246
Other liabilities101152142142177232233
Other undisclosed current liabilities108   6410(10)
Total current liabilities:1,0291,4039491,0229151,2331,357
Noncurrent Liabilities
Long-term debt and lease obligation460507   612
Long-term debt, excluding current maturities12160   612
Operating lease, liability339447
Other undisclosed noncurrent liabilities(339)      
Total noncurrent liabilities:460507   612
Total liabilities:1,4891,9109491,0229151,2391,369
Stockholders' equity
Stockholders' equity attributable to parent, including:584(243)47301169(186)(453)
Preferred stock0000000
Common stock31231610796
Additional paid in capital13,50911,33810,2149,1708,7938,6668,631
Retained earnings (accumulated deficit)(12,956)(11,605)(10,183)(8,880)8,631(8,861)(9,091)
Other undisclosed stockholders' equity attributable to parent0000(17,262)00
Total stockholders' equity:584(243)47301169(186)(453)
TOTAL LIABILITIES AND EQUITY:2,0731,6679961,3221,0841,053916

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,5562,9682,5422,0292,2642,7602,736
Revenue, net2,0292,2642,7602,736
Revenue from related parties838663707
Cost of revenue(3,092)(2,519)(2,227)(1,423)(1,665)(1,832)(1,992)
Cost of goods and services sold(2,538)(2,093)(1,809)(934)(1,211)(1,832)(1,992)
Gross profit:1,464448316605599928744
Operating expenses(2,797)(1,732)(1,327)(820)(617)(680)(623)
Operating income (loss):(1,333)(1,284)(1,011)(215)(18)248121
Nonoperating income (expense)(19)(138)28934(248)(18)(27)
Other nonoperating income (expense)   (4)(45)2030
Interest and debt expense(19)(131)737(235)(37)(40)
Income (loss) from continuing operations before equity method investments, income taxes:(1,370)(1,553)(715)(144)(500)19355
Other undisclosed income (loss) from continuing operations before income taxes19131(586)(105)7303740
Income (loss) from continuing operations before income taxes:(1,352)(1,422)(1,300)(249)23023094
Income tax expense  (3)  (0)(0)
Net income (loss) available to common stockholders, diluted:(1,352)(1,422)(1,303)(249)23023094

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,352)(1,422)(1,303)(249)23023094
Comprehensive income (loss), net of tax, attributable to parent:(1,352)(1,422)(1,303)(249)23023094

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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