Brownie's Marine Group Files Amended Q2 2025 10-Q

TL;DR

**Brownie's Marine Group filed an amended Q2 2025 10-Q on Aug 18. Updated financials.**

AI Summary

Brownie's Marine Group, Inc. filed an amended 10-Q for the period ending June 30, 2025, on August 18, 2025. The filing provides updated financial information and disclosures for the second quarter of 2025. Specific financial figures and operational details are detailed within the document.

Why It Matters

This amended filing provides updated financial and operational information for Brownie's Marine Group, Inc., crucial for investors and stakeholders to assess the company's performance and financial health as of June 30, 2025.

Risk Assessment

Risk Level: low — The filing is an amendment to a standard quarterly report, indicating routine updates rather than significant new risks.

Key Numbers

• Q2 2025 — Reporting Period (The amended 10-Q covers the second quarter of 2025.)
• 20250818 — Filing Date (The amended report was filed on this date.)

Key Players & Entities

• Brownie's Marine Group, Inc. (company) — Filer of the 10-Q/A
• 20250630 (date) — Conformed period of report
• 20250818 (date) — Filed as of date
• 3001 NW 25TH AVENUE, SUITE 1, POMPANO BEACH, FL 33069 (address) — Business and mail address

FAQ

Filing Documents

• form10-qa.htm (10-Q/A) — 1090KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32.htm (EX-32) — 10KB
• form10-q_001.jpg (GRAPHIC) — 8KB
• 0001641172-25-024528.txt ( ) — 6815KB
• bwmg-20250630.xsd (EX-101.SCH) — 46KB
• bwmg-20250630_cal.xml (EX-101.CAL) — 57KB
• bwmg-20250630_def.xml (EX-101.DEF) — 239KB
• bwmg-20250630_lab.xml (EX-101.LAB) — 438KB
• bwmg-20250630_pre.xml (EX-101.PRE) — 354KB
• form10-qa_htm.xml (XML) — 1135KB

of the Original Filing

Part II of the Original Filing. These corrections do not impact on the Company's previously reported consolidated financial statements, including its financial position, results of operations, or cash flows, as presented in the Original Filing. In addition, pursuant to the rules of the SEC, "Item 6. Exhibits" of Part II of the Original Filing has been amended to provide currently dated certifications from the Company's Principal Executive Officer and Principal Financial and Accounting Officer as required by Sections 302 and 906 of the Sarbanes-Oxley Act of 2002. The information regarding the issued and outstanding shares of common stock of the Company was also updated to reflect the number of shares of common stock as of the most recent practicable date. Except as expressly set forth in this Amendment No. 1, this Amendment No. 1 does not reflect events occurring after the filing of the Original Filing and does not amend, update, or modify any other information contained in the Original Filing. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing and the Company's other filings with the SEC. TABLE OF CONTENTS Page No.

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS. 4 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 24 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 28 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES. 28

– OTHER INFORMATION

PART II – OTHER INFORMATION ITEM 1. LEGAL PROCEEDINGS. 30 ITEM 1A. RISK FACTORS. 30 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. 30 ITEM 3. DEFAULTS UPON SENIOR SECURITIES. 30 ITEM 4. MINE SAFETY DISCLOSURES. 30 ITEM 5. OTHER INFORMATION. 30 ITEM 6. EXHIBITS. 31 2 NOTE REGARDING FORWARD-LOOKING INFORMATION This Quarterly 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 Quarterly 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 risk factors included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on May 9, 2024, which risk factors 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 st

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2025 (UNAUDITED) Note 1. Company Overview Brownie's Marine Group, Inc. (the "Company") designs, tests, manufactures and distributes recreational hookah diving, scuba, and water safety products through its wholly owned subsidiary, Trebor Industries, Inc., a Florida corporation, incorporated in 1981 ("Trebor" or "BTL"), manufactures and sells high pressure air and industrial compressor packages, yacht based scuba air compressor and nitrox generation systems through its wholly owned subsidiary, Brownie's High Pressure Compressor Services, Inc., a Florida corporation incorporated in 2017 ("BHP") and doing business as LW Americas ("LWA") and develops and markets portable battery powered surface supplied air dive systems through its wholly owned subsidiary BLU3, Inc., a Florida corporation ("BLU3"). On September 3, 2021, the Company, entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Submersible Acquisition, Inc., a Florida corporation and wholly owned subsidiary of the Company ("Acquisition Sub"), Submersible Systems, Inc., a Florida corporation ("Submersible" or "SSI"), and Summit Holdings V, LLC, a Florida limited liability company ("Summit") and Tierra Vista Group, LLC, a Florida limited liability company ("Tierra Vista" and, together with Summit, the "Sellers"), the owners of all of the capital stock of Submersible, pursuant to which Acquisition Sub merged with and into Submersible (the "Merger"), and Submersible, the surviving corporation, became a wholly owned subsidiary of the Company. Submersible is a manufacturer of high pressure tanks and redundant air systems for the military and recreational diving industries, based in Huntington Beach, California and sells its products to governments, militaries, private companies and the dive industry throughout the world. On February 13, 2022 the Company filed with the Florida Department of State, the articles of inco

View Full Filing

View this 10-Q/A filing on SEC EDGAR