BWMG on OTC
Brownie's Marine Group, Inc
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
37.4%Gross margin3
-2.0%Operating margin3
-1.4%Net margin3
-8.0%Revenue growth, 20253
-5.4%Return on equity3
0.02×Debt to equity3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue61¢$4.7M
- Research and development0¢$3.6K
- Selling, general and admin38¢$3.0M
- Income tax0¢$17.3K
Out of $7.5M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total net revenues | $7.5M | $8.2M |
| Total cost of net revenues | $4.7M | $4.9M |
| Gross profit | $2.8M | $3.3M |
| Selling, general and administrative | $3.0M | $3.4M |
| Research and development costs | $3.6K | $10.0K |
| Total operating expenses | $3.0M | $3.5M |
| Loss from operations | -$147.3K | -$146.7K |
| Other income | $126.4K | -$6.5K |
| Interest expense | -$66.9K | -$87.4K |
| Total other (income) expense - net | $59.5K | -$93.9K |
| Loss income before provision for income taxes | -$87.8K | -$240.6K |
| Provision for income taxes | $17.3K | |
| Net Income (loss) | -$105.1K | -$240.6K |
| Comprehensive Income (loss) | -$105.1K | -$240.6K |
| Basic Diluted Income (loss) per common share | $0.00 | $0.00 |
| Diluted loss per common share | $0.00 | $0.00 |
| Basic weighted average common shares outstanding | 474.9M shares | 438.9M shares |
| Diluted weighted average common shares outstanding | 474.9M shares | 438.9M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $307.9K | $417.7K | |
| Inventory, net | $2.3M | $2.1M | |
| Prepaid expenses and other current assets | $182.4K | $328.8K | |
| Total current assets | $3.0M | $3.0M | |
| Property, equipment and leasehold improvements, net | $237.8K | $303.5K | |
| Operating lease assets | $1.2M | $1.6M | |
| Intangible assets, net | $441.1K | $501.5K | |
| Goodwill | $250.0K | $250.0K | $250.0K |
| Other assets | $51.8K | $51.8K | |
| Total assets | $5.2M | $5.8M | |
| Accounts payable and accrued liabilities | $585.5K | $676.0K | |
| Customer deposits and unearned revenue | $156.0K | $410.6K | |
| Other liabilities | $157.2K | $386.4K | |
| Operating lease liabilities | $484.1K | $394.7K | |
| Current maturities long term debt | $175.0K | $70.3K | |
| Total current liabilities | $2.5M | $2.9M | |
| Loans payable, net of current portion | $31.2K | $46.8K | |
| Operating lease liabilities | $794.9K | $1.3M | |
| Total liabilities | $3.3M | $4.2M | |
| Preferred stock; $0.001 par value: 10,000,000 shares authorized; 425,000 issued and outstanding as of December 31, 2025 and December 31, 2024. | $425 | $425 | |
| Common stock; $0.0001 par value; 1,000,000,000 shares authorized; 503,267,153 shares issued and outstanding at December 31, 2025 and 449,430,955 shares issued and outstanding at December 31, 2024 | $50.3K | $45.0K | |
| Common stock payable 138,941 shares and 138,941 shares, as of December 31, 2025 and December 31, 2024, respectively. | $14 | $14 | |
| Additional paid-in capital | $19.9M | $19.5M | |
| Accumulated deficit | -$18.0M | -$17.9M | |
| Total stockholders equity | $1.9M | $1.6M | $1.6M |
| Total liabilities and stockholders equity | $5.2M | $5.8M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 425.0K shares | 425.0K shares | |
| Preferred stock, shares outstanding | 425.0K shares | 425.0K shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.0B shares | 1.0B shares | |
| Common stock, shares issued | 503.3M shares | 449.4M shares | |
| Common stock, share outstanding | 503.3M shares | 449.4M shares | |
| Common stock, capital shares reserved for future issuance | 138.9K shares | 138.9K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (loss) | -$105.1K | -$240.6K |
| Depreciation and amortization | $140.2K | $111.6K |
| Amortization of debt discount | $0 | -$22 |
| Amortization of right-of-use asset | $428.7K | $304.3K |
| Common stock issued for services | $418.9K | $41.1K |
| Reserve for Nomad recall | -$86.3K | |
| Stock based compensation - options | $12.6K | $91.5K |
| Stock based compensation - stock grant | $60.0K | |
| Shares issued for accrued interest in convertible notes | $28.0K | $33.3K |
| Change in accounts receivable, net | -$8.9K | -$96.4K |
| Change in accounts receivable - related parties | $21.2K | -$9.6K |
| Change in inventory | -$277.7K | -$63.5K |
| Change in prepaid expenses and other current assets | $146.4K | -$138.4K |
| Change in other assets | -$21.1K | |
| Change in ROU assets | -$1.1M | |
| Change in accounts payable and accrued liabilities | -$90.4K | -$136.6K |
| Change in customer deposits and unearned revenue | -$254.6K | $154.9K |
| Change in long term lease | -$395.2K | $799.0K |
| Change in other liabilities | -$229.2K | $20.7K |
| Change in accounts payable - related parties | -$5.5K | -$28.1K |
| Net cash used in operating activities | -$170.6K | -$293.4K |
| Cash used in asset acquisition | -$14.2K | |
| Purchase of fixed assets | -$22 | |
| Net cash acquired (used) in investing activities | -$14.2K | -$22 |
| Proceeds of related party demand note | $280.0K | |
| Proceeds on notes payable | $185.5K | |
| Repayment of convertible debt | -$14.1K | |
| Principal reduction on notes payable | -$96.4K | |
| Repayment of debt | $22 | |
| Net cash acquired (used) used in financing activities | $75.0K | $280.0K |
| Net change in cash | -$109.8K | -$13.4K |
| Cash Paid for Interest | $38.9K | $54.0K |
| Cash paid for operating lease liabilities (included in net cash used in operating activities) | $499.7K | |
| Cash Paid for Income Taxes | $17.3K | |
| Shares issued for services | $418.9K | |
| Stock based compensation- Options | $12.6K | |
| Common Stock issued for payment of convertible note interest | $28.0K | $33.3K |
Former names
- UNITED COMPANIES CORPSep 10, 2002 to Aug 16, 20072
Recent filings
- Sep 10, 202610-Q/A
- Aug 24, 20268-K
- Aug 24, 202610-Q/A
- Aug 4, 202610-Q
- Jul 24, 20268-K
- Jul 8, 20268-K
- May 15, 202610-Q
- Apr 10, 202610-K
- Mar 31, 2026NT 10-K
- Dec 1, 20258-K
- Nov 20, 20258-K
- Nov 14, 202510-Q
- Nov 3, 20258-K
- Aug 18, 202510-Q/A
- Aug 14, 202510-Q
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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