For the quarter ending 2026-03-31, BWMG has $5,796,450 in assets. $3,353,649 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash | 849,620 | 307,886 | 479,543 | 453,548 |
| Accounts receivable-Nonrelated Party | 212,319 | 189,431 | 189,951 | 362,848 |
| Accounts receivable-Related Party | 75,649 | 20,492 | 50,380 | 58,555 |
| Inventory, net | 2,340,644 | 2,339,931 | 2,250,717 | 2,225,836 |
| Prepaid expenses and other current assets | 229,972 | 182,373 | 335,924 | 238,463 |
| Total current assets | 3,708,204 | 3,040,113 | 3,306,515 | 3,339,250 |
| Total property and equipment | - | 893,523 | - | - |
| Less accumulated depreciation and amortization | - | 655,688 | - | - |
| Property, equipment and leasehold improvements, net | 238,772 | 237,835 | 248,449 | 266,723 |
| Operating lease right-of-use assets | 1,131,329 | 1,200,507 | 1,313,904 | 1,427,525 |
| Intangible assets, net | 422,982 | 441,099 | 459,216 | 477,333 |
| Goodwill | 249,986 | 249,986 | 249,986 | 249,986 |
| Other assets | 45,177 | 51,826 | 51,826 | 51,826 |
| Total assets | 5,796,450 | 5,221,366 | 5,629,896 | 5,812,643 |
| Convertible notes-Related Party | - | 29,717 | 29,717 | 39,088 |
| Accounts payable and accrued liabilities | 897,169 | 585,531 | 697,013 | 794,470 |
| Convertible notes-Nonrelated Party | - | 355,543 | 362,073 | 362,073 |
| Accounts payable - related parties | 22,972 | 12,972 | 25,917 | 18,889 |
| Customer deposits and unearned revenue | 125,155 | 156,036 | 282,863 | 261,886 |
| Other liabilities | 145,638 | 157,188 | 372,557 | 605,464 |
| Operating lease liabilities | 500,085 | 484,078 | 466,925 | 442,414 |
| Related party convertible demand note, net | 29,717 | - | - | - |
| Convertible notes | 355,543 | - | - | - |
| Current maturities long term debt | 1,223 | 174,975 | 1,223 | 1,241 |
| Related party notes payable | 505,000 | 505,000 | 505,000 | 505,000 |
| Total current liabilities | 2,582,501 | 2,461,040 | 2,743,288 | 3,030,525 |
| Loans payable, net of current portion | 60,048 | 31,197 | 57,948 | 75,919 |
| Operating lease liabilities | 711,100 | 794,857 | 924,627 | 1,044,979 |
| Total liabilities | 3,353,649 | 3,287,094 | 3,725,863 | 4,151,423 |
| Preferred stock 0.001 par value 10,000,000 shares authorized 425,000 issued and outstanding as of march 31, 2026 and december 31, 2025 | 425 | 425 | 425 | 425 |
| Common stock 0.0001 par value 1,000,000,000 shares authorized 453,494,622 shares issued and outstanding at march 31, 2026 and 449,430,935 shares issued and outstanding at december 31, 2025 | 50,500 | 50,328 | 45,350 | 44,971 |
| Common stock payable 138,941 shares as of march 31, 2026 and december 31, 2025 | 14 | 14 | 14 | 14 |
| Additional paid-in capital | 19,930,191 | 19,914,863 | 19,506,880 | 19,474,759 |
| Accumulated deficit | -17,538,328 | -18,031,358 | -17,648,635 | -17,858,950 |
| Total stockholders equity | 2,442,801 | 1,934,272 | 1,904,034 | 1,661,219 |
| Total liabilities and stockholders equity | 5,796,450 | 5,221,366 | 5,629,897 | 5,812,642 |
Brownie's Marine Group, Inc (BWMG)
Brownie's Marine Group, Inc (BWMG)