Brownie's Marine Group Files 2023 Annual Report

Ticker: BWMG · Form: 10-K · Filed: May 9, 2024 · CIK: 1166708

Sentiment: neutral

Topics: annual-report, 10-K, financials

TL;DR

Brownie's Marine Group filed its 2023 10-K, no major exchange listings, check financials for details.

AI Summary

Brownie's Marine Group, Inc. filed its annual report for the fiscal year ended December 31, 2023. The company is incorporated in Florida and its principal executive offices are located at 3001 NW 25th Avenue, Suite 1, Pompano Beach, Florida 33069. The filing indicates that the company has no securities registered under Section 12(b) of the Act and no securities registered under Section 12(g) of the Act.

Why It Matters

This 10-K filing provides a comprehensive overview of Brownie's Marine Group's financial performance and operational status for the fiscal year 2023, which is crucial for investors and stakeholders to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or significant negative disclosures.

Key Players & Entities

FAQ

What is the primary business of Brownie's Marine Group, Inc.?

The provided excerpt does not detail the primary business of Brownie's Marine Group, Inc. Further sections of the 10-K filing would be required to ascertain this information.

Does Brownie's Marine Group, Inc. have any securities registered on a national exchange?

No, the filing explicitly states 'None' under 'Securities registered pursuant to Section 12(b) of the Act' and 'Not applicable' for the name of each exchange on which registered.

What is the company's IRS Employer Identification Number?

The company's IRS Employer Identification Number is 90-0226181.

Where are Brownie's Marine Group, Inc.'s principal executive offices located?

The principal executive offices are located at 3001 NW 25th Avenue, Suite 1, Pompano Beach, Florida 33069.

Has Brownie's Marine Group, Inc. filed all required reports for the preceding 12 months?

The filing includes a check box indicating 'Yes' for whether the registrant has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Filing Stats: 4,460 words · 18 min read · ~15 pages · Grade level 13.1 · Accepted 2024-05-09 17:31:44

Key Financial Figures

Filing Documents

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 18 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 24 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 24 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 24 Item 9A.

Controls and Procedures

Controls and Procedures. 24 Item 9B. Other Information. 26 Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 26 Part III 26 Item 10. Directors, Executive Officers and Corporate Governance. 26 Item 11.

Executive Compensation

Executive Compensation. 28 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters. 30 Item 13. Certain Relationships and Related Transactions, and Director Independence. 32 Item 14. Principal Accounting Fees and Services. 33 Part IV 34 Item 15. Exhibits, Financial Statement Schedules. 34 Item 16. Form 10-K Summary 35

Signatures

Signatures 36 2 CAUTIONARY This Annual Report includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking "intend," "plan," "targets," "likely," "aim," "will," "would," "could," and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs. You should read thoroughly this Annual Report with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements including those made in Part I. Item 1A. Risk Factors appearing elsewhere in this Report. Other sections of this Report include additional factors, which could adversely impact our business and financial performance. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made, except as required

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