Brownies Marine Group Inc (BWMG)

Name: Brownies Marine Group Inc Financial Statements
Creator: Quarter Results

Consumer Cyclical | Leisure

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$1.5M

Net Income

-$54.5K

Operating Margin

-3.0%

Free Cash Flow

-$293K

Debt / Assets

72.6%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Brownies Marine Group Inc (BWMG).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	1,529,202	1,703,616	2,468,905	2,389,626
Cost of Revenue	1,025,172	1,020,705	1,365,553	1,458,905
Gross Profit	504,030	682,911	1,103,352	930,721
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	548,126	937,211	913,370	822,971
Operating Expenses	549,268	804,764	913,409	829,750
Operating Income	-45,238	-121,853	189,943	100,971
Interest Expense	28,080	30,286	16,000	21,136
Income Before Tax	-54,468	-158,661	173,943	79,835
Income Tax Expense	0	3	0	0
Net Income	-54,468	-158,661	173,943	79,835
Per Share
EPS	0.00	0.00	0.00	0.00
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Brownies Marine Group Inc (BWMG).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	8,169,669	7,580,798	8,577,372	6,227,379	4,555,973
Cost of Revenue	4,865,250	5,472,892	5,783,173	4,337,820	6,061,431
Gross Profit	3,304,419	2,107,906	2,794,199	1,889,559	-1,505,458
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	3,573,373	3,263,439	4,626,202	3,666,823	2,682,293
Operating Expenses	3,451,122	3,277,319	4,644,595	3,742,262	2,797,449
Operating Income	-146,703	-1,169,413	-1,850,397	-1,852,703	-1,333,060
Interest Expense	87,374	78,702	42,494	21,524	18,559
Income Before Tax	-240,599	-1,248,115	-1,892,891	-1,588,467	-1,351,619
Income Tax Expense	0	0	42,494	0	0
Net Income	-240,599	-1,248,115	-1,935,385	-1,588,467	-1,351,619
Per Share
EPS	0.00	0.00	0.00	-0.01	0.00
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Brownies Marine Group Inc (BWMG).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	417,678	431,112	484,427	643,143
Short Term Investments	0	0	0	0
Net Receivables	222,182	116,270	167,272	123,270
Inventory	2,062,279	2,108,750	2,421,885	1,895,260
Total Current Assets	3,030,924	2,736,601	3,265,714	2,966,432
Property Plant Equipment	1,932,690	1,186,764	1,472,638	724,540
Goodwill and Intangibles	751,475	823,941	896,407	968,891
Total Assets	5,766,915	4,778,030	5,665,484	4,673,961
Liabilities
Account Payables	293,706	538,002	504,393	37,267
Short Term Debt	1,369,313	958,813	384,679	282,685
Total Current Liabilities	2,860,749	2,502,787	1,792,151	1,396,197
Long Term Debt	1,326,207	64,656	1,350,960	310,855
Total Liabilities	4,186,956	3,183,358	3,143,111	2,046,306
Shareholders Equity
Retained Earnings	-17,927,329	-17,685,610	-16,437,495	-14,544,604
Total Shareholders Equity	1,579,959	1,594,672	2,522,373	2,627,655

Balance sheet annual history for Brownies Marine Group Inc (BWMG).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	417,678	431,112	484,427	643,143	345,187
Short Term Investments	0	0	0	0	0
Net Receivables	222,182	116,270	167,272	123,270	81,251
Inventory	2,062,279	2,108,750	2,421,885	1,895,260	863,791
Total Current Assets	3,030,924	2,736,601	3,265,714	2,966,432	1,469,037
Property Plant Equipment	1,932,690	1,186,764	1,472,638	724,540	143,413
Goodwill and Intangibles	751,475	823,941	896,407	968,891	0
Total Assets	5,766,915	4,778,030	5,665,484	4,673,961	1,612,450
Liabilities
Account Payables	293,706	538,002	504,393	37,267	386,977
Short Term Debt	1,369,313	958,813	384,679	282,685	418,697
Total Current Liabilities	2,860,749	2,502,787	1,792,151	1,396,197	1,029,204
Long Term Debt	1,326,207	64,656	1,350,960	310,855	151,006
Total Liabilities	4,186,956	3,183,358	3,143,111	2,046,306	1,489,276
Shareholders Equity
Retained Earnings	-17,927,329	-17,685,610	-16,437,495	-14,544,604	0
Total Shareholders Equity	1,579,959	1,594,672	2,522,373	2,627,655	583,804

Cash flow quarterly history for Brownies Marine Group Inc (BWMG).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-240,599	-1,248,115	-1,892,891	-1,588,467
Depreciation & Amortization	415,950	451,985	391,115	56,472
Stock Based Compensation	151,492	81,424	962,474	1,154,801
Change in Working Capital	-608,350	403,513	-446,961	-585,957
Operating Cash Flow	-293,434	-374,827	-678,356	-769,467
Investing Activities
Capital Expenditure	-22	-29,955	-32,164	-23,677
Investments	-22	-29,955	-32,164	-23,677
Investing Cash Flow	-22	-29,955	-62,164	517,701
Financing Activities
Debt Repayment	280,022	-151,467	-54,988	-50,278
Common Stock Issued/Repurchased	0	200,000	305,000	275,000
Dividends Paid	0	0	0	0
Financing Cash Flow	280,022	351,467	581,805	549,722
Summary
Free Cash Flow	-293,456	-404,782	-710,520	-793,144
Net Change in Cash	-13,434	-53,315	-158,716	297,956

Cash flow annual history for Brownies Marine Group Inc (BWMG).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-240,599	-1,248,115	-1,892,891	-1,588,467	-1,351,619
Depreciation & Amortization	415,950	451,985	391,115	56,472	21,005
Stock Based Compensation	151,492	81,424	962,474	1,154,801	241,670
Change in Working Capital	-608,350	403,513	-446,961	-585,957	-783,474
Operating Cash Flow	-293,434	-374,827	-678,356	-769,467	-556,108
Investing Activities
Capital Expenditure	-22	-29,955	-32,164	-23,677	-5,500
Investments	-22	-29,955	-32,164	-23,677	-5,500
Investing Cash Flow	-22	-29,955	-62,164	517,701	-5,500
Financing Activities
Debt Repayment	280,022	-151,467	-54,988	-50,278	-33,425
Common Stock Issued/Repurchased	0	200,000	305,000	275,000	545,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	280,022	351,467	581,805	549,722	836,175
Summary
Free Cash Flow	-293,456	-404,782	-710,520	-793,144	-561,608
Net Change in Cash	-13,434	-53,315	-158,716	297,956	274,567