2015 Q4 Form 10-K Financial Statement

#000114420416091054 Filed on March 30, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $480.0K $2.760M $480.0K
YoY Change 0.0% 0.87% -40.0%
Cost Of Revenue $340.0K $1.832M $420.0K
YoY Change -19.05% -8.02% -28.81%
Gross Profit $140.0K $927.7K $50.00K
YoY Change 180.0% 24.65% -76.19%
Gross Profit Margin 29.17% 33.62% 10.42%
Selling, General & Admin $140.0K $671.0K $140.0K
YoY Change 0.0% 8.37% 7.69%
% of Gross Profit 100.0% 72.33% 280.0%
Research & Development $10.00K $8.739K $0.00
YoY Change 113.82% -100.0%
% of Gross Profit 7.14% 0.94% 0.0%
Depreciation & Amortization $10.00K $21.53K $10.00K
YoY Change 0.0% -0.18% 0.0%
% of Gross Profit 7.14% 2.32% 20.0%
Operating Expenses $140.0K $679.7K $140.0K
YoY Change 0.0% 9.06% -22.22%
Operating Profit $0.00 $247.9K -$90.00K
YoY Change -100.0% 104.98% -400.0%
Interest Expense -$10.00K $37.02K -$10.00K
YoY Change 0.0% -6.82% -50.0%
% of Operating Profit -11453246122666660.0% 14.93%
Other Income/Expense, Net $20.00K -$18.28K $10.00K
YoY Change 100.0% -31.13% -150.0%
Pretax Income $0.00 $229.7K -$80.00K
YoY Change -100.0% 143.24% 300.0%
Income Tax $0.00 $43.00 $0.00
% Of Pretax Income 0.02%
Net Earnings $0.00 $229.6K -$80.00K
YoY Change -100.0% 143.31% 300.0%
Net Earnings / Revenue 0.0% 8.32% -16.67%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $0.00 -$1.432K
COMMON SHARES
Basic Shares Outstanding 84.76M shares 75.89M shares 57.23M shares
Diluted Shares Outstanding 120.7M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $140.0K $141.8K $20.00K
YoY Change 600.0% 639.03% -71.43%
Cash & Equivalents $141.8K $19.19K
Short-Term Investments
Other Short-Term Assets $7.117K $61.22K $575.00
YoY Change 1137.74% 70.62% 46.68%
Inventory $654.2K $654.2K $606.2K
Prepaid Expenses
Receivables $59.47K $59.47K $41.69K
Other Receivables $40.00K $41.27K $70.00K
Total Short-Term Assets $958.0K $958.0K $774.3K
YoY Change 23.73% 23.73% -18.55%
LONG-TERM ASSETS
Property, Plant & Equipment $85.71K $85.71K $108.5K
YoY Change -21.01% -21.01% 42.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.649K $8.980K $31.05K
YoY Change -78.59% -73.1% 12.35%
Total Long-Term Assets $94.69K $94.69K $141.9K
YoY Change -33.26% -33.27% 33.56%
TOTAL ASSETS
Total Short-Term Assets $958.0K $958.0K $774.3K
Total Long-Term Assets $94.69K $94.69K $141.9K
Total Assets $1.053M $1.053M $916.2K
YoY Change 14.9% 14.9% -13.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $350.0K $350.0K $460.0K
YoY Change -23.91% -24.38% 586.57%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $215.8K $372.0K $216.6K
YoY Change -0.37% -1.24% -7.84%
Long-Term Debt Due $20.00K $17.20K $20.00K
YoY Change 0.0% -24.96% -85.71%
Total Short-Term Liabilities $1.233M $1.233M $1.357M
YoY Change -9.12% -9.12% -22.92%
LONG-TERM LIABILITIES
Long-Term Debt $10.00K $6.130K $10.00K
YoY Change 0.0% -49.88%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $10.00K $6.130K $10.00K
YoY Change 0.0% -49.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.233M $1.233M $1.357M
Total Long-Term Liabilities $10.00K $6.130K $10.00K
Total Liabilities $1.239M $1.239M $1.369M
YoY Change -9.48% -9.48% -22.35%
SHAREHOLDERS EQUITY
Retained Earnings -$8.861M -$9.091M
YoY Change -2.53% -1.03%
Common Stock $8.681K $6.047K
YoY Change 43.56% 966.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$186.4K -$186.4K -$186.4K
YoY Change
Total Liabilities & Shareholders Equity $1.053M $1.053M $916.2K
YoY Change 14.9% 14.9% -13.31%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $0.00 $229.6K -$80.00K
YoY Change -100.0% 143.31% 300.0%
Depreciation, Depletion And Amortization $10.00K $21.53K $10.00K
YoY Change 0.0% -0.18% 0.0%
Cash From Operating Activities $0.00 $147.5K -$60.00K
YoY Change -100.0% -6.53% -25.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $12.21K -$30.00K
YoY Change -100.0% -85.2% 200.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$12.21K -$30.00K
YoY Change -100.0% -85.19% 200.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.00K -12.62K -30.00K
YoY Change -66.67% -90.0% -160.0%
NET CHANGE
Cash From Operating Activities 0.000 147.5K -60.00K
Cash From Investing Activities 0.000 -12.21K -30.00K
Cash From Financing Activities -10.00K -12.62K -30.00K
Net Change In Cash -10.00K 122.6K -120.0K
YoY Change -91.67% -340.97% 200.0%
FREE CASH FLOW
Cash From Operating Activities $0.00 $147.5K -$60.00K
Capital Expenditures $0.00 $12.21K -$30.00K
Free Cash Flow $0.00 $135.3K -$30.00K
YoY Change -100.0% 79.6% -57.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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No
CY2015 dei Entity Voluntary Filers
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0.34 pure
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1 pure
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0 pure
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0 pure
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0.34 pure
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0.998 pure
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1 pure
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0.97 pure
CY2010Q2 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
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0.55 pure
CY2014Q3 us-gaap Security Deposit
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5367 USD
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2000 USD
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0.1076 pure
CY2014Q3 us-gaap Loss Contingency Damages Sought Value
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15000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
61852 shares
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CY2014 bwmg Interest Expense Non Related Party
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CommitmentsAndContingencies
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47000 USD
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425000 shares
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425000 shares
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425000 shares
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CommonStockParOrStatedValuePerShare
0.0001
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CommonStockParOrStatedValuePerShare
0.0001
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2015Q4 us-gaap Common Stock Shares Issued
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CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2015Q4 us-gaap Common Stock Shares Outstanding
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CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2015Q4 bwmg Common Stock Payable Par Or Stated Value Per Share
CommonStockPayableParOrStatedValuePerShare
0.0001
CY2014Q4 bwmg Common Stock Payable Par Or Stated Value Per Share
CommonStockPayableParOrStatedValuePerShare
0.0001
CY2015Q4 bwmg Common Stock Payable Shares
CommonStockPayableShares
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CommonStockPayableShares
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CY2014 bwmg Retirement Value Of Shares
RetirementValueOfShares
1383 USD
CY2015 bwmg Issuance Of Stock For Accrued Interest On Settled Convertible Debenture
IssuanceOfStockForAccruedInterestOnSettledConvertibleDebenture
6280 USD
CY2015 bwmg Adjustments To Additional Paid In Capital Conversion Of Employee Compensation Payable To Stock
AdjustmentsToAdditionalPaidInCapitalConversionOfEmployeeCompensationPayableToStock
54000 USD
CY2015 bwmg Adjustmentstoadditionalpaidincapitalconversionofrelated Party Interesttostock
AdjustmentstoadditionalpaidincapitalconversionofrelatedPartyInteresttostock
1015 USD
CY2015 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2014 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
18216 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
20980 USD
CY2015 us-gaap Fiscal Period
FiscalPeriod
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u>Definition of fiscal year</u> &#150; The Company&#8217;s fiscal year end is December 31.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <u>Use of estimates</u> - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
250 to 1
CY2015Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
42076 USD
CY2014Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
21508 USD
CY2015Q4 us-gaap Prepaid Insurance
PrepaidInsurance
8819 USD
CY2014Q4 us-gaap Prepaid Insurance
PrepaidInsurance
8112 USD
CY2015Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7117 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
575 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
233653 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
221448 USD
CY2015 bwmg Percentage Of Minimum Deposit For Custom And Large Tank Fill System
PercentageOfMinimumDepositForCustomAndLargeTankFillSystem
0.5 pure
CY2015 bwmg Conversion Of Accrued Payroll To Stock
ConversionOfAccruedPayrollToStock
54000 USD
CY2014 bwmg Conversion Of Accrued Payroll To Stock
ConversionOfAccruedPayrollToStock
54000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0363 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0363 pure
CY2014Q4 bwmg Deferred Tax Assets Depreciation And Amortization Timing Differences
DeferredTaxAssetsDepreciationAndAmortizationTimingDifferences
0 USD
CY2015Q4 bwmg Percentage Of Gross Revenues Per Quarter
PercentageOfGrossRevenuesPerQuarter
0.025 pure
CY2015Q4 bwmg Percentage Of Restrictions On Common Stock
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0.1 pure
CY2015 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
24740 USD
CY2014 us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
0 USD
CY2015Q4 us-gaap Due To Employees Current And Noncurrent
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11098 USD
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DueToEmployeesCurrentAndNoncurrent
0 USD
CY2015Q4 us-gaap Due To Officers Or Stockholders Current And Noncurrent
DueToOfficersOrStockholdersCurrentAndNoncurrent
0 USD
CY2014Q4 us-gaap Due To Officers Or Stockholders Current And Noncurrent
DueToOfficersOrStockholdersCurrentAndNoncurrent
14167 USD
CY2015Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
11098 USD
CY2014Q4 us-gaap Due To Officers Or Stockholders Current
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14167 USD
CY2015Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 USD
CY2014Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 USD
CY2015 us-gaap Operating Leases Rent Expense Net
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48000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
48000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
36000 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
0 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
0 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2015Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
84000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
-705950 USD
CY2015 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
4680 USD
CY2015 bwmg Conversion Of Accrued Interest And Fees On To Convertible Debenture
ConversionOfAccruedInterestAndFeesOnToConvertibleDebenture
6280 USD
CY2014 bwmg Conversion Of Accrued Interest And Fees On To Convertible Debenture
ConversionOfAccruedInterestAndFeesOnToConvertibleDebenture
4002 USD
CY2015Q4 bwmg Debt Instrument Convertible Period End Principal Balance
DebtInstrumentConvertiblePeriodEndPrincipalBalance
371965 USD
CY2015Q4 bwmg Debt Instrument Convertible Period End Discount Balance
DebtInstrumentConvertiblePeriodEndDiscountBalance
0 USD
CY2014Q4 bwmg Debt Instrument Convertible Period End Principal Balance
DebtInstrumentConvertiblePeriodEndPrincipalBalance
376645 USD
CY2014Q4 bwmg Debt Instrument Convertible Period End Discount Balance
DebtInstrumentConvertiblePeriodEndDiscountBalance
0 USD
CY2014 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
150837 USD
CY2015 us-gaap Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
181266 USD
CY2015Q4 bwmg Asset Purchase Price Remaining Balance
AssetPurchasePriceRemainingBalance
12857 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
47000 USD
CY2015 bwmg Issuance Of Stock For Accrued Interest
IssuanceOfStockForAccruedInterest
6280 USD
CY2014 bwmg Issuance Of Stock For Accrued Interest
IssuanceOfStockForAccruedInterest
0 USD
CY2015 bwmg Issuance Of Stock For Accrued Interest To Related Party
IssuanceOfStockForAccruedInterestToRelatedParty
1014 USD
CY2014 bwmg Issuance Of Stock For Accrued Interest To Related Party
IssuanceOfStockForAccruedInterestToRelatedParty
0 USD
CY2015 bwmg Shares Based Compensation To Related Party
SharesBasedCompensationToRelatedParty
54000 USD
CY2014 bwmg Shares Based Compensation To Related Party
SharesBasedCompensationToRelatedParty
0 USD
CY2015 bwmg Forgiveness Of Shares Based Compensation To Related Party
ForgivenessOfSharesBasedCompensationToRelatedParty
4531 USD
CY2014 bwmg Forgiveness Of Shares Based Compensation To Related Party
ForgivenessOfSharesBasedCompensationToRelatedParty
0 USD
CY2015 bwmg Dissolution Of Joint Venture
DissolutionOfJointVenture
24740 USD
CY2014 bwmg Dissolution Of Joint Venture
DissolutionOfJointVenture
0 USD
CY2015 bwmg Forgiveness Of Shares Based Compensation To Related Party Noncash
ForgivenessOfSharesBasedCompensationToRelatedPartyNoncash
4531 USD
CY2014 bwmg Forgiveness Of Shares Based Compensation To Related Party Noncash
ForgivenessOfSharesBasedCompensationToRelatedPartyNoncash
0 USD
CY2015 bwmg Potentially Dilutive Securities Included Earnings Per Share
PotentiallyDilutiveSecuritiesIncludedEarningsPerShare
44837540 shares
CY2014 bwmg Potentially Dilutive Securities Included Earnings Per Share
PotentiallyDilutiveSecuritiesIncludedEarningsPerShare
45905784 shares

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