For the quarter ending 2025-09-30, BWMG has $5,629,896 in assets. $3,725,863 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 479,543 | 453,548 | ||
| Accounts receivable-Nonrelated Party | 189,951 | 362,848 | ||
| Accounts receivable-Related Party | 50,380 | 58,555 | ||
| Inventory, net | 2,250,717 | 2,225,836 | ||
| Prepaid expenses and other current assets | 335,924 | 238,463 | ||
| Total current assets | 3,306,515 | 3,339,250 | ||
| Property, equipment and leasehold improvements, net | 248,449 | 266,723 | ||
| Operating lease right-of-use assets | 1,313,904 | 1,427,525 | ||
| Intangible assets, net | 459,216 | 477,333 | ||
| Goodwill | 249,986 | 249,986 | ||
| Other assets | 51,826 | 51,826 | ||
| Total assets | 5,629,896 | 5,812,643 | ||
| Accounts payable and accrued liabilities | 697,013 | 794,470 | ||
| Accounts payable - related parties-Related Party | 25,917 | 18,889 | ||
| Customer deposits and unearned revenue | 282,863 | 261,886 | ||
| Other liabilities | 372,557 | 605,464 | ||
| Operating lease liabilities | 466,925 | 442,414 | ||
| Convertible notes-Related Party | 29,717 | 39,088 | ||
| Convertible notes-Nonrelated Party | 362,073 | 362,073 | ||
| Current maturities long term debt | 1,223 | 1,241 | ||
| Related party notes payable-Related Party | 505,000 | 505,000 | ||
| Total current liabilities | 2,743,288 | 3,030,525 | ||
| Loans payable, net of current portion | 57,948 | 75,919 | ||
| Operating lease liabilities | 924,627 | 1,044,979 | ||
| Total liabilities | 3,725,863 | 4,151,423 | ||
| Preferred stock 0.001 par value 10,000,000 shares authorized 425,000 issued and outstanding as of september 30, 2025 and december 31, 2024 | 425 | 425 | ||
| Common stock 0.0001 par value 1,000,000,000 shares authorized 453,494,622 shares issued and outstanding at september 30, 2025 and 449,430,935 shares issued and outstanding at december 31, 2024, respectively | 45,350 | 44,971 | ||
| Common stock payable 138,941 shares and 138,941 shares, respectively as of september 30, 2025 and december 31, 2024 | 14 | 14 | ||
| Additional paid-in capital | 19,506,880 | 19,474,759 | ||
| Accumulated deficit | -17,648,635 | -17,858,950 | ||
| Total stockholders equity | 1,904,034 | 1,661,219 | ||
| Total liabilities and stockholders equity | 5,629,897 | 5,812,642 | ||
Brownie's Marine Group, Inc (BWMG)
Brownie's Marine Group, Inc (BWMG)