Security
Brownie's Marine Group, Inc. Common Stock · BWMG
BWMGOTCCommon stockCurrentCIK 1166708Updated Nov 6, 2026
Name history
UNITED COMPANIES CORP · through Aug 16, 2007
BWMG price & chart
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Recent filings
10-Q filing
10-Q/A filing
10-Q/A filing
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report
Items 4.02
10-Q filing
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 5,629,896Source | 5,400,850Source | 5,908,980Source | 5,812,643Source | 5,398,643Source | 5,796,450Source | 5,583,600Source | 4,600,006Source | 5,221,366Source | 5,766,915Source | 4,778,030Source | 5,665,484Source |
| Property, Plant and Equipment, NetUSD | 248,449Source | 294,016Source | 237,786Source | 266,723Source | 313,454Source | 238,772Source | 302,082Source | 327,590Source | 237,835Source | 303,498Source | 342,681Source | 339,546Source |
| GoodwillUSD | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 459,216Source | 519,605Source | 404,866Source | 477,333Source | 477,332Source | 422,982Source | 495,449Source | 555,839Source | 441,099Source | 501,489Source | 573,955Source | 646,422Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | — | — | — | — | 238,754Source | — | — | 431,112Source | 484,427Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | — | — | — | — | — | — | — | — | 111,844Source |
| Inventory, NetUSD | 2,250,717Source | 1,967,088Source | 2,364,190Source | 2,225,836Source | 2,086,044Source | 2,340,644Source | 2,200,553Source | 1,967,272Source | 2,339,931Source | 2,062,279Source | 1,998,807Source | 2,421,885Source |
| Assets, CurrentUSD | 3,306,515Source | 3,655,216Source | 4,005,466Source | 3,339,250Source | 3,554,574Source | 3,708,204Source | 2,945,766Source | 2,658,389Source | 3,040,113Source | 3,030,924Source | 2,736,601Source | 3,265,714Source |
| Prepaid Expense and Other Assets, CurrentUSD | 335,924Source | 554,187Source | 365,939Source | 238,463Source | 456,147Source | 229,972Source | 133,426Source | 267,204Source | 182,373Source | 328,785Source | 190,412Source | 192,130Source |
| Operating Lease, Right-of-Use AssetUSD | 1,313,904Source | 656,202Source | 965,699Source | 1,427,525Source | 717,082Source | 1,131,329Source | 1,538,491Source | 777,478Source | 1,200,507Source | 1,629,192Source | 844,083Source | 1,133,092Source |
| Other Assets, NoncurrentUSD | 51,826Source | 25,825Source | 45,177Source | 51,826Source | 25,825Source | 45,177Source | 51,826Source | 30,724Source | 51,826Source | 51,826Source | 30,724Source | 30,724Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 3,725,863Source | 3,835,186Source | 3,201,018Source | 4,151,423Source | 4,029,422Source | 3,353,649Source | 4,052,269Source | 3,317,620Source | 3,287,094Source | 4,186,956Source | 3,183,358Source | 3,143,111Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source | 425Source |
| Common Stock, Value, IssuedUSD | 45,350Source | 43,933Source | 51,288Source | 44,971Source | 43,821Source | 50,500Source | 43,795Source | 43,795Source | 50,328Source | 44,951Source | 43,775Source | 42,553Source |
| Additional Paid in CapitalUSD | 19,506,880Source | 19,288,840Source | 19,975,903Source | 19,474,759Source | 19,266,452Source | 19,930,191Source | 19,467,774Source | 19,259,478Source | 19,914,863Source | 19,461,898Source | 19,236,068Source | 18,916,876Source |
| Retained Earnings (Accumulated Deficit)USD | -17,648,635Source | -17,767,548Source | -17,319,669Source | -17,858,950Source | -17,941,491Source | -17,538,328Source | -17,980,677Source | -18,021,326Source | -18,031,358Source | -17,927,329Source | -17,685,610Source | -16,437,495Source |
| Stockholders' Equity Attributable to ParentUSD | 1,904,034Source | 1,565,664Source | 2,707,960Source | 1,661,218Source | 1,369,222Source | 2,442,801Source | 1,531,331Source | 1,282,386Source | 1,934,272Source | 1,579,960Source | 1,594,672Source | 2,522,373Source |
| Liabilities and EquityUSD | 5,629,897Source | 5,400,850Source | 5,908,980Source | 5,812,642Source | 5,398,643Source | 5,796,450Source | 5,583,600Source | 4,600,006Source | 5,221,366Source | 5,766,915Source | 4,778,030Source | 5,665,484Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 2,743,288Source | 3,230,411Source | 2,606,279Source | 3,030,525Source | 3,404,880Source | 2,582,501Source | 2,797,622Source | 2,657,361Source | 2,461,040Source | 2,860,749Source | 2,502,787Source | 1,792,151Source |
| Operating Lease, Liability, CurrentUSD | 466,925Source | 161,277Source | 517,838Source | 442,414Source | 194,385Source | 500,085Source | 418,327Source | 227,008Source | 484,078Source | 394,672Source | 259,154Source | 269,046Source |
| Operating Lease, Liability, NoncurrentUSD | 924,627Source | 527,502Source | 518,173Source | 1,044,979Source | 554,744Source | 711,100Source | 1,163,249Source | 581,986Source | 794,857Source | 1,279,444Source | 615,915Source | 864,057Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | — | — | — | — | — | — | — | — | 148,188Source | 247,939Source | 267,454Source | 63,943Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | — | — | — | 2,184,400Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 33,999Source | 77,273Source | 54,804Source | 41,486Source | 69,798Source | 52,647Source | 46,143Source | 78,273Source | 31,198Source | 46,762Source | 139,960Source | 210,446Source |
| Long-term Debt, Current MaturitiesUSD | 25,979Source | 80,395Source | 21,762Source | 38,808Source | 81,089Source | 10,715Source | 59,298Source | 82,478Source | 15,484Source | 70,308Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 33,999Source | 77,273Source | 54,804Source | 41,486Source | 69,798Source | 52,647Source | 46,143Source | 78,273Source | 31,198Source | 46,762Source | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 17,181Source | 7,456Source | 140,231Source | 111,649Source | 162,976Source | 149,120Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | — | — | 208,245Source | 151,492Source | 81,424Source | 962,474Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 22,888Source | 70,400Source | 8,935Source | 96,356Source | -1,834Source | -11,426Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 713Source | 138,274Source | 277,652Source | 63,472Source | -401,385Source | 443,421Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 686,637Source | -115,729Source | -170,645Source | -293,434Source | -374,827Source | -678,356Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | — | — | -14,178Source | -22Source | -29,955Source | -62,164Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | — | — | — | 22Source | 29,955Source | 11,040Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -144,901Source | 39,088Source | 75,028Source | 280,022Source | 351,467Source | 581,805Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 541,735Source | -76,641Source | -109,794Source | -13,434Source | -53,315Source | -158,716Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 1,543Source | 17,073Source | 38,899Source | 54,036Source | 39,712Source | 42,496Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 17,100Source | — | 17,302Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 18,117Source | 18,117Source | 72,467Source | 119,071Source | 76,394Source | 80,597Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | 144,051Source | 171,535Source | 155,837Source | 149,120Source |
| GoodwillUSD | — | — | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source | 249,986Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 17,302Source | — | — | — |
| InterestExpenseNonoperatingUSD | — | — | 55,587Source | 16,000Source | 109,079Source | -1,783Source | 8,543Source | 28,080Source | 66,899Source | 87,374Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 191,666Source | 173,943Source | 218,658Source | 153,584Source | 493,030Source | -54,468Source | -105,149Source | -240,599Source | -1,248,115Source | -1,892,891Source |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | -9,231Source | 59,464Source | -93,896Source | -78,702Source | -42,494Source |
| Operating ExpensesUSD | — | — | 828,889Source | 913,410Source | 1,199,255Source | 755,495Source | 1,026,562Source | 549,268Source | 2,958,659Source | 3,451,122Source | 3,277,319Source | 4,644,596Source |
| Other Nonoperating Income (Expense)USD | — | — | 114,315Source | — | 305,021Source | 22,438Source | 546,007Source | 18,849Source | 126,363Source | -6,522Source | — | — |
| Other Operating Income (Expense), NetUSD | — | — | — | — | — | — | — | — | 0Source | 49,448Source | 49,448Source | 49,692Source |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Share-based Payment Arrangement, Expense | — | — | — | — | —Source | —Source | — | —Source | — | — | — | — |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 2,071,164Source | 2,468,905Source | 2,377,891Source | 2,518,890Source | 2,115,244Source | 1,529,202Source | 7,516,687Source | 8,169,669Source | 7,580,798Source | 7,595,581Source |
| Cost of RevenueUSD | — | — | 1,109,337Source | 1,365,553Source | 1,155,920Source | 1,634,032Source | 1,133,115Source | 1,025,172Source | 4,705,339Source | 4,865,250Source | 5,472,892Source | 5,055,947Source |
| Selling, General and Administrative ExpenseUSD | — | — | 828,591Source | 913,370Source | 1,194,507Source | 753,990Source | 1,022,968Source | 548,126Source | 2,955,021Source | 3,441,130Source | 3,263,439Source | 4,626,203Source |
| Operating Income (Loss)USD | — | — | 132,938Source | 189,943Source | 22,716Source | 129,363Source | -44,434Source | -45,238Source | -147,311Source | -146,703Source | -1,169,413Source | -1,850,397Source |
| Other Nonoperating Income (Expense)USD | — | — | 114,315Source | — | 305,021Source | 22,438Source | 546,007Source | 18,849Source | 126,363Source | -6,522Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 191,666Source | 173,943Source | 218,658Source | 153,584Source | 493,030Source | -54,468Source | -87,847Source | -240,599Source | -1,248,115Source | -1,892,891Source |
| Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 17,302Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 191,666Source | 173,943Source | 218,658Source | 153,584Source | 493,030Source | -54,468Source | -105,149Source | -240,599Source | -1,248,115Source | -1,892,891Source |
| Earnings Per Share, BasicUSD per share | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 450,656,081Source | 438,138,458Source | 512,867,230Source | 449,567,462Source | 503,752,912Source | 449,430,935Source | 474,856,113Source | 438,937,858Source | 436,199,516Source | 410,509,853Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 450,656,081Source | 438,138,458Source | 512,867,230Source | 449,567,461Source | 503,752,912Source | 449,430,935Source | 474,856,113Source | 438,937,858Source | 436,199,516Source | 410,509,853Source |
| Interest Expense (non-operating)USD | — | — | 55,587Source | 16,000Source | 109,079Source | -1,783Source | 8,543Source | 28,080Source | 66,899Source | 87,374Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | 18,117Source | 18,117Source | 72,467Source | 119,071Source | 76,394Source | 80,597Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 24,746Source | — | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | — | — | 144,051Source | 171,535Source | 155,837Source | 149,120Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | — | — | 961,827Source | 1,103,352Source | 1,221,971Source | 884,858Source | 982,129Source | 504,030Source | 2,811,348Source | 3,304,419Source | 2,107,906Source | 2,794,199Source |
| Interest ExpenseUSD | — | — | — | — | 103,043Source | — | — | — | — | — | 78,702Source | 42,494Source |
| Marketing and Advertising ExpenseUSD | — | — | — | — | — | — | — | — | 367,389Source | 427,037Source | 365,604Source | 499,441Source |
| Nonoperating Income (Expense)USD | — | — | — | — | — | — | — | -9,231Source | 59,464Source | -93,896Source | -78,702Source | -42,494Source |
| Operating ExpensesUSD | — | — | 828,889Source | 913,410Source | 1,199,255Source | 755,495Source | 1,026,562Source | 549,268Source | 2,958,659Source | 3,451,122Source | 3,277,319Source | 4,644,596Source |
| Other Operating Income (Expense), NetUSD | — | — | — | — | — | — | — | — | 0Source | 49,448Source | 49,448Source | 49,692Source |
| Research and Development ExpenseUSD | — | — | 298Source | 40Source | 4,748Source | 1,505Source | 3,594Source | 1,142Source | 3,638Source | 9,992Source | 13,880Source | 18,393Source |
| Other Income | — | — | — | — | — | — | — | —Source | — | — | — | — |
Filing attachments
ex4-1.htm · 8-K · 2025-11-20
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 AMENDMENT NO. 3 TO PROMISSORY NOTE THIS AMENDMENT NO. 3 TO PROMISSORY NOTE (this “ Amendment ”), dated as of November 20, 2025, is entered into by and between Brownie’s Marine Group, Inc., a Florida corporation (“ Borrower ” or “ Company ”), and Charles F. Hyatt, a member of the Company’s board of directors (the “ Lender ”). The Borrower and the Lender may be referred to herein individually as a “Party” and jointly as the “Parties.” W I T N E S S E T …
Read attachment ↗ex4-2.htm · 8-K · 2025-11-20
EX-4.2 3 ex4-2.htm EX-4.2 Exhibit 4.2 AMENDMENT NO. 3 TO PROMISSORY NOTE THIS AMENDMENT NO. 3 TO PROMISSORY NOTE (this “ Amendment ”), dated as of November 20, 2025, is entered into by and between Brownie’s Marine Group, Inc., a Florida corporation (“ Borrower ” or “ Company ”), and Charles F. Hyatt, a member of the Company’s board of directors (the “ Lender ”). The Borrower and the Lender may be referred to herein individually as a “Party” and jointly as the “Parties.” W I T N E S S E T …
Read attachment ↗