2023 Q1 Form 10-K Financial Statement

#000149315223009729 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.639M $1.392M $8.577M
YoY Change -17.01% -30.55% 37.74%
Cost Of Revenue $1.225M $1.094M $5.783M
YoY Change -5.71% -21.81% 33.32%
Gross Profit $414.0K $298.8K $2.794M
YoY Change -38.73% -50.72% 47.88%
Gross Profit Margin 25.26% 21.46% 32.58%
Selling, General & Admin $726.2K $1.118M $4.626M
YoY Change -34.32% -8.59% 26.16%
% of Gross Profit 175.4% 374.27% 165.56%
Research & Development $529.00 $5.320K $18.39K
YoY Change -86.51% -16.48% -75.62%
% of Gross Profit 0.13% 1.78% 0.66%
Depreciation & Amortization $36.97K $51.78K $149.1K
YoY Change 9.17% 93.57% 164.07%
% of Gross Profit 8.93% 17.33% 5.34%
Operating Expenses $726.7K $1.123M $4.645M
YoY Change -34.51% -8.63% 24.11%
Operating Profit -$312.7K -$824.7K -$1.850M
YoY Change -27.93% 32.3% -0.12%
Interest Expense $15.20K -$11.23K $42.49K
YoY Change -249.15% 14.59% -297.46%
% of Operating Profit
Other Income/Expense, Net -$15.20K -$42.49K
YoY Change 49.1% -116.08%
Pretax Income -$327.9K -$836.0K -$1.893M
YoY Change -26.16% 61.69% 19.16%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$327.9K -$836.0K -$1.893M
YoY Change -26.16% 61.69% 19.16%
Net Earnings / Revenue -20.01% -60.04% -22.07%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 436.9M shares 418.5M shares 410.5M shares
Diluted Shares Outstanding 427.3M shares 410.5M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $347.6K $484.4K $484.4K
YoY Change -42.47% -24.68% -24.68%
Cash & Equivalents $347.6K $484.4K
Short-Term Investments
Other Short-Term Assets $134.9K $192.1K $192.1K
YoY Change -65.89% -15.53% -15.53%
Inventory $2.216M $2.422M $2.422M
Prepaid Expenses
Receivables $265.6K $111.8K $167.3K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.964M $3.266M $3.266M
YoY Change -10.11% 10.09% 10.09%
LONG-TERM ASSETS
Property, Plant & Equipment $389.5K $339.5K $1.473M
YoY Change -40.49% 25.73% 103.25%
Goodwill $250.0K $250.0K
YoY Change 0.0%
Intangibles $628.3K $646.4K
YoY Change -10.08%
Long-Term Investments
YoY Change
Other Assets $30.73K $30.72K $30.72K
YoY Change 72.32% 117.93% 117.87%
Total Long-Term Assets $2.356M $2.400M $2.400M
YoY Change 45.15% 40.54% 40.54%
TOTAL ASSETS
Total Short-Term Assets $2.964M $3.266M $3.266M
Total Long-Term Assets $2.356M $2.400M $2.400M
Total Assets $5.320M $5.665M $5.665M
YoY Change 8.11% 21.21% 21.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.78K $867.0K $541.9K
YoY Change 31.88% 56.44% -2.22%
Accrued Expenses $268.2K $63.94K $594.1K
YoY Change 28.56% -86.09% 29.24%
Deferred Revenue $229.9K $167.5K
YoY Change 16.39%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $67.95K $66.49K $66.49K
YoY Change 44.98% 31.92% 31.92%
Total Short-Term Liabilities $1.643M $1.792M $1.792M
YoY Change 3.04% 28.36% 28.36%
LONG-TERM LIABILITIES
Long-Term Debt $470.3K $486.9K $486.9K
YoY Change 11.7% 13.97% 13.97%
Other Long-Term Liabilities $792.5K $864.1K $864.1K
YoY Change 319.02% 287.64% 287.64%
Total Long-Term Liabilities $1.263M $1.351M $1.351M
YoY Change 106.96% 107.8% 107.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.643M $1.792M $1.792M
Total Long-Term Liabilities $1.263M $1.351M $1.351M
Total Liabilities $2.906M $3.143M $3.143M
YoY Change 31.8% 53.6% 53.6%
SHAREHOLDERS EQUITY
Retained Earnings -$16.77M -$16.44M
YoY Change 13.01%
Common Stock $43.72K $42.55K
YoY Change 8.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.414M $2.522M $2.522M
YoY Change
Total Liabilities & Shareholders Equity $5.320M $5.665M $5.665M
YoY Change 8.11% 21.21% 21.21%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$327.9K -$836.0K -$1.893M
YoY Change -26.16% 61.69% 19.16%
Depreciation, Depletion And Amortization $36.97K $51.78K $149.1K
YoY Change 9.17% 93.57% 164.07%
Cash From Operating Activities -$313.9K -$178.6K -$678.4K
YoY Change 8.11% -10.82% -11.84%
INVESTING ACTIVITIES
Capital Expenditures $5.069K $1.870K $11.04K
YoY Change -276.01% -146.62%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$30.00K
YoY Change -105.54%
Cash From Investing Activities -$5.069K -$1.870K -$62.16K
YoY Change 76.01% -112.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $182.2K 87.87K $581.8K
YoY Change -28.38% -609.39% 5.84%
NET CHANGE
Cash From Operating Activities -$313.9K -178.6K -$678.4K
Cash From Investing Activities -$5.069K -1.870K -$62.16K
Cash From Financing Activities $182.2K 87.87K $581.8K
Net Change In Cash -$136.8K -92.65K -$158.7K
YoY Change 251.92% -57.42% -153.27%
FREE CASH FLOW
Cash From Operating Activities -$313.9K -$178.6K -$678.4K
Capital Expenditures $5.069K $1.870K $11.04K
Free Cash Flow -$319.0K -$180.5K -$689.4K
YoY Change 10.95% -9.89% -7.56%

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ResearchAndDevelopmentExpense
75439 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
4644596 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
3742262 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-1850397 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-1852703 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000 usd
CY2021 BWMG Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
275760 usd
CY2022 us-gaap Interest Expense
InterestExpense
42494 usd
CY2021 us-gaap Interest Expense
InterestExpense
21524 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-42494 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
264236 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1892891 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1588467 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1892891 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1588467 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
410509853 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
349597953 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
410509853 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
349593953 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
583804 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
365000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
275000 usd
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1449919 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
12480 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
201952 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1154801 usd
CY2021 BWMG Stock Issuedduring Period Value Debentures And Accrued Interest
StockIssuedduringPeriodValueDebenturesAndAccruedInterest
136476 usd
CY2021 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
36690 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1588467 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2627655 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
2627655 usd
CY2022 BWMG Shares Issued For Purchase Of Units
SharesIssuedForPurchaseOfUnits
305000 usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
265000 usd
CY2022 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
120000 usd
CY2022 BWMG Shares Issued For Royalty Agreement
SharesIssuedForRoyaltyAgreement
30000 usd
CY2022 BWMG Stock Issued For Accrued Interest On Convertible Notes
StockIssuedForAccruedInterestOnConvertibleNotes
38384 usd
CY2022 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
11060 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
47501 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
19250 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
951414 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1892891 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2522373 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2522373 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1892891 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1588467 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
149120 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56472 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5305 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1734 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
241995 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
152688 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
47501 usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
201952 usd
CY2022 BWMG Shares Issued For Royalty
SharesIssuedForRoyalty
30000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
32079 usd
CY2022 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
26207 usd
CY2021 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
54301 usd
CY2022 BWMG Reserve For Nomad Recall
ReserveForNomadRecall
160500 usd
CY2021 BWMG Adjustments For Shares Issued For Exclusivity
AdjustmentsForSharesIssuedForExclusivity
36690 usd
CY2022 BWMG Stock Based Compensation Options
StockBasedCompensationOptions
951414 usd
CY2021 BWMG Stock Based Compensation Options
StockBasedCompensationOptions
1154801 usd
CY2022 BWMG Shares Issued For Employee Bonus
SharesIssuedForEmployeeBonus
11060 usd
CY2022 BWMG Shares Issued For Accrued Interest In Convertible Notes
SharesIssuedForAccruedInterestInConvertibleNotes
38385 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10000 usd
CY2021 BWMG Gain On Forgiveness Of Loan
GainOnForgivenessOfLoan
275760 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11426 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
32443 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-21873 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
9657 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
443421 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
649414 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-99017 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
109612 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
16626 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-21555 usd
CY2021 BWMG Fixed Asset Purchase Down Payment Through Issuance Of Debt
FixedAssetPurchaseDownPaymentThroughIssuanceOfDebt
76448 usd
CY2022 BWMG Prepayment For Equipment Through Financing
PrepaymentForEquipmentThroughFinancing
63689 usd
CY2021 us-gaap Stock Issued1
StockIssued1
136476 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
85073 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
216703 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
23596 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
118210 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-242690 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-151981 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
14519 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
75775 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
272 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-65093 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-678356 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-769467 usd
CY2022 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
30000 usd
CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
541378 usd
CY2022 BWMG Cash Used In Purchase Of Fixed Assets Net Of Debt
CashUsedInPurchaseOfFixedAssetsNetOfDebt
21124 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11040 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23677 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62164 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
517701 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
275000 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
305000 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
365000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
265000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
66793 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
54988 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
90278 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
581805 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
549722 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-158716 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
297956 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
643143 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
345187 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
484427 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
643143 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
42496 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
9141 usd
CY2022 BWMG Operating Lease Asset Obtained For Operating Lease Liability
OperatingLeaseAssetObtainedForOperatingLeaseLiability
920615 usd
CY2021 BWMG Operating Lease Asset Obtained For Operating Lease Liability
OperatingLeaseAssetObtainedForOperatingLeaseLiability
160182 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
120000 usd
CY2021 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
1449919 usd
CY2021 BWMG Noncash Convertible Notes Issued For Acquisition
NoncashConvertibleNotesIssuedForAcquisition
350000 usd
CY2022 BWMG Beneficial Conversion Feature On Notes Issued For Acquistion
BeneficialConversionFeatureOnNotesIssuedForAcquistion
19250 usd
CY2021 BWMG Beneficial Conversion Feature On Notes Issued For Acquistion
BeneficialConversionFeatureOnNotesIssuedForAcquistion
12480 usd
CY2022 BWMG Noncash Common Stock Issued For Payment Of Convertible Note Interest
NoncashCommonStockIssuedForPaymentOfConvertibleNoteInterest
38384 usd
CY2022 BWMG Fixed Asset Purchase Down Payment Through Issuance Of Debt
FixedAssetPurchaseDownPaymentThroughIssuanceOfDebt
84500 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
160182 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
342088 usd
CY2022 us-gaap Fiscal Period
FiscalPeriod
<p id="xdx_84F_eus-gaap--FiscalPeriod_zBdF7GXXmJ38" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_869_zSDtLLyh8Vgj">Definition of fiscal year</span></span> – The Company’s fiscal year end is December 31.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zo1ghIORTMza" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_zphvcTJx0NNg">Use of estimates</span></span> – 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-1892891 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-1588467 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-16437495 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
0 usd
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
205500 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
340471 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
28558 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
46555 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
171272 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
920615 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7595581 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5111049 usd
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
981791 usd
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1116330 usd
CY2022 us-gaap Revenues
Revenues
8577372 usd
CY2021 us-gaap Revenues
Revenues
6227379 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5055947 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3569894 usd
CY2022 BWMG Cost Of Revenues Related Parties
CostOfRevenuesRelatedParties
462297 usd
CY2021 BWMG Cost Of Revenues Related Parties
CostOfRevenuesRelatedParties
534910 usd
CY2022 BWMG Royalties Expense Related Parties
RoyaltiesExpenseRelatedParties
61308 usd
CY2021 BWMG Royalties Expense Related Parties
RoyaltiesExpenseRelatedParties
75161 usd
CY2022 BWMG Royalty Expenses
RoyaltyExpenses
203620 usd
CY2021 BWMG Royalty Expenses
RoyaltyExpenses
157855 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
5783173 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
4337820 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1133092 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
454475 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
269046 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
232283 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
864057 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
222899 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1133103 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
455182 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y5M19D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M2D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0682 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0611 pure
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
246571 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
171292 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
2125 usd
CY2022 us-gaap Lease Cost
LeaseCost
246571 usd
CY2021 us-gaap Lease Cost
LeaseCost
173417 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
310902 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
216397 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
222886 usd
CY2022Q4 BWMG Lessee Operating Lease Liability Payments Due Year After Four
LesseeOperatingLeaseLiabilityPaymentsDueYearAfterFour
258342 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1350615 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
217512 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1133103 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
499441 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
343232 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18393 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
75439 usd
CY2022 BWMG Percentage Of Minimum Deposit For Custom And Large Tank Fill Systems
PercentageOfMinimumDepositForCustomAndLargeTankFillSystems
0.50 pure
CY2022 BWMG Percentage Of Restocking Fees
PercentageOfRestockingFees
0.15 pure
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
167534 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
143938 usd
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p id="xdx_844_eus-gaap--GuaranteesIndemnificationsAndWarrantiesPolicies_zOBNa9DPLKB7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_864_zwJAVuBDHFP6">Warranty policy</span></span> – Under the provisions of the Financial Accounting Standards Board (“FASB”) ASC 460, <i>Guarantor’s Guarantees</i>, the Company accrues a liability for estimated warranty policy costs based on standard quantitative measures based on criteria established by the Company. Estimates of costs to service its warranty obligations are based on historical experience, expectation of future conditions and known product issues. To the extent the Company experiences increased warranty claim activity or increased costs associated with servicing those claims, revisions to the estimated warranty reserve would be required. The Company engages in product quality programs and processes, including monitoring and evaluating the quality of its suppliers, to help minimize warranty obligations. The Company provides its customers with an industry standard one year warranty on systems sold and recognizes a warranty reserve based on gross sales multiplied by the historical warranty expense return rate. The warranty reserve charged to cost of net revenues and is included in accrued expenses and is deemed sufficient to absorb any material or labor costs that might be incurred on sales recorded during the period. The Company recorded a reserve for warranty work of $<span id="xdx_903_ecustom--ReserveForWarrantyWork_c20220101__20221231_zlNRFGp5aWw3" title="Reserve for warranty work">27,651</span> and $<span id="xdx_909_ecustom--ReserveForWarrantyWork_c20210101__20211231_zbVLlC1jVmEb" title="Reserve for warranty work">13,680</span> at December 31, 2022 and 2021, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 BWMG Reserve For Warranty Work
ReserveForWarrantyWork
27651 usd
CY2021 BWMG Reserve For Warranty Work
ReserveForWarrantyWork
13680 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
962474 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1154801 usd
CY2022Q4 us-gaap Inventory Work In Process
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CY2022Q4 us-gaap Accrued Income Taxes
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160500 usd
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6007 usd
CY2022Q4 us-gaap Long Term Debt
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CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment
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294671 usd
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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743000 usd
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CY2021Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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249986 usd
CY2022Q4 us-gaap Goodwill
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249986 usd
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743000 usd
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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72467 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022Q4 BWMG Finite Lived Intangible Assets Amortization Expense After Year Four
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CY2021Q3 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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CY2021Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2022Q4 us-gaap Stock Issued During Period Value New Issues
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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1285500 usd
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CY2022Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1504200 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Operating Loss Carryforwards
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net loss carryforward that expire through 2037
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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1504200 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0430 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0435 pure
CY2022 BWMG Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.0007 pure
CY2021 BWMG Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
0.0520 pure
CY2022 BWMG Effective Income Tax Rate Reconciliation Temporary Differences
EffectiveIncomeTaxRateReconciliationTemporaryDifferences
0.1090 pure
CY2021 BWMG Effective Income Tax Rate Reconciliation Temporary Differences
EffectiveIncomeTaxRateReconciliationTemporaryDifferences
0.2276 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.1435 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0261 pure
CY2014Q3 BWMG Payments Of Security Deposit
PaymentsOfSecurityDeposit
5367 usd
CY2014Q3 us-gaap Payments For Rent
PaymentsForRent
4000 usd
CY2014Q3 BWMG Percentage Of Annual Operating Expenses
PercentageOfAnnualOperatingExpenses
0.1076 pure
CY2014Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2000 usd
CY2016Q1 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
the Company entered into an amendment to the initial lease agreement, commencing on October 1, 2017, extending the term of the lease for an additional eighty-four months
CY2016Q4 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2024-09-30
CY2016Q4 us-gaap Payments For Rent
PaymentsForRent
4626 usd
CY2016Q4 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.03 pure
CY2018Q1 us-gaap Payments For Rent
PaymentsForRent
9300 usd
CY2018Q1 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.025 pure
CY2018Q1 BWMG Payments Of Security Deposit
PaymentsOfSecurityDeposit
8450 usd
CY2018Q4 us-gaap Area Of Land
AreaOfLand
8025
CY2018Q4 us-gaap Security Deposit
SecurityDeposit
6527 usd
CY2018Q4 us-gaap Payments For Rent
PaymentsForRent
4848 usd
CY2018Q4 BWMG Rent Increased Percentage
RentIncreasedPercentage
3 pure
CY2018Q4 BWMG Percentage Of Annual Operating Expenses
PercentageOfAnnualOperatingExpenses
0.1011 pure
CY2018Q4 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1679 usd
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
2816 usd
CY2022Q2 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.035 pure
CY2022Q3 us-gaap Payments For Rent
PaymentsForRent
17550 usd
CY2022Q3 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.030 pure
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
10727 usd
CY2022Q3 us-gaap Payments For Rent
PaymentsForRent
2247 usd
CY2022Q3 BWMG Rent Increased Percentage
RentIncreasedPercentage
0.03 pure
CY2022Q3 BWMG Payments For Common Area Maintenance Charge
PaymentsForCommonAreaMaintenanceCharge
112 usd
CY2022Q3 BWMG Payments Of Security Deposit
PaymentsOfSecurityDeposit
2426 usd
CY2019Q4 BWMG Royalty Increased Percentage
RoyaltyIncreasedPercentage
0.0215 pure
CY2021Q3 BWMG Commission Rate Percentage
CommissionRatePercentage
0.07 pure
CY2021Q3 us-gaap Business Combination Price Of Acquisition Expected
BusinessCombinationPriceOfAcquisitionExpected
2000000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.06 pure
CY2021Q3 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
2000000 usd
CY2022Q4 BWMG Reserve Cost
ReserveCost
160500 usd
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
15870.97 usd
CY2021Q3 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
10000 usd
CY2022Q2 us-gaap Litigation Reserve
LitigationReserve
1000 usd

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