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Brownie's Marine Group, Inc (BWMG) red flags

CIK 0001166708 路 Pompano Beach, FL 路 SIC 3949 路 All EDGAR filings

9 verified red-flag event(s) since 2025-04-01. Red flag score: 78 how it's calculated

5Brownie's Marine Group, Inc (BWMG) Non-reliance / restatementnano2026-08-24
also within 90 days: Going-concern doubt 路 company history
4Brownie's Marine Group, Inc (BWMG) Going-concern doubt (10-Q)nano2026-08-04
quarterly (unaudited) disclosure; also within 90 days: Non-reliance / restatement 路 company history
3Brownie's Marine Group, Inc (BWMG) Going-concern doubt (10-Q)nano2026-05-15
quarterly (unaudited) disclosure 路 company history
4Brownie's Marine Group, Inc (BWMG) Going-concern doubtnano2026-04-10
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. 路 company history
3Brownie's Marine Group, Inc (BWMG) Going-concern doubt (10-Q)nano2025-11-14
quarterly (unaudited) disclosure 路 company history
3Brownie's Marine Group, Inc (BWMG) Going-concern doubt (10-Q)nano2025-08-14
quarterly (unaudited) disclosure 路 company history
4Brownie's Marine Group, Inc (BWMG) Going-concern doubt (10-Q)nano2025-07-02
quarterly (unaudited) disclosure; also within 90 days: Late quarterly report (NT 10-Q) 路 company history
5Brownie's Marine Group, Inc (BWMG) Going-concern doubtnano2025-06-16
also within 90 days: Late quarterly report (NT 10-Q) 路 company history
4Brownie's Marine Group, Inc (BWMG) Late quarterly report (NT 10-Q)nano2025-05-13
filed late on 2025-07-02; also within 90 days: Going-concern doubt 路 company history

Red flag score: 78 / 100 · very high

Computed only from the verified red flags below: each flag earns points for its severity, loses half its weight every 180 days, and companies with several different flag types in the past year get a bonus. Total points 74.6 → score = 100 × (1 − e−points/50) = 78. Full method

FlagFiledSeverityPointsAgeDecayCounts
Non-reliance / restatement2026-08-245/530.054 d×0.8124.4
Going-concern doubt2026-08-043/514.074 d×0.7510.5
Going-concern doubt2026-05-153/514.0155 d×0.557.7
Going-concern doubt2026-04-104/522.0190 d×0.4810.6
Going-concern doubt2025-11-143/514.0337 d×0.273.8
Going-concern doubt2025-08-143/514.0429 d×0.192.7
Going-concern doubt2025-07-023/514.0472 d×0.162.3
Going-concern doubt2025-06-164/522.0488 d×0.153.4
Late quarterly report (NT 10-Q)2025-05-133/59.8522 d×0.131.3
Multiple flag types in the last 365 days (2 types)+8

The red flag score summarizes how many, how serious and how recent a company's verified SEC red-flag filings are. It describes filing events only. It is not a fraud score, credit rating or prediction, and not investment advice.

What happened next

FlagDateCap at flag30d90d180d
Non-reliance / restatement2026-08-24$3.2M-43.5%pendingpending
Going-concern doubt2026-08-04$2.8M-29.6%pendingpending
Going-concern doubt2026-05-15$3.2M-6.2%-3.1%pending
Going-concern doubt2026-04-10$2.1M+26.7%+22.8%-20.8%
Going-concern doubt2025-11-14$3.9M-36.5%-29.4%-24.7%
Going-concern doubt2025-08-14$3.6M+7.5%+6.2%-28.7%
Going-concern doubt2025-07-02$1.8M+115.0%+110.0%+100.0%
Going-concern doubt2025-06-16$1.8M+112.5%+115.0%+35.0%
Late quarterly report (NT 10-Q)2025-05-13$89,913+1900.0%+4200.0%+2500.0%

Stock return after each flag; pending = window not yet elapsed; n/a = no price data.

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