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Red Flags Detected

  • Material Weakness (worsened) — The amended filing adds a restatement disclosure and expanded remediation measures, indicating the material weaknesses contributed to reporting errors.
  • Restatement (new) — The amended filing newly discloses that material weaknesses contributed to errors requiring a restatement of the prior 10-Q.
  • Going Concern (worsened) — The amended filing states substantial doubt about going concern despite reporting net income and a working capital surplus, whereas the original filing framed the doubt as historical.
OTC: BWMG Brownie's Marine Group, Inc 10-Q/A

revenue $2.4M, net income $218,658. Brownie's Marine 10-Q/A restates Q2 results, flags material weaknesses and going-concern doubt

Filed August 24, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2026 · ~1 min read

Key Financials

SEC XBRL

Period financials are unchanged from the original 10-Q (same period end Jun 30, 2026). This amendment updates disclosure only — see the diff below.

Key Changes

  • high

    The amended filing restates Q2 2026 revenue upward by $403,646 and net income downward by $361,884 to $218,658, with EPS of $0.00043.

    Notes: Q2 restatement verify on EDGAR →
  • high

    Management reports a material weakness that contributed to errors requiring the restatement, and has begun remediation measures.

    Controls verify on EDGAR →
  • high

    Going-concern language is strengthened: despite net income of $711,688 for the six months and a $1.4M working capital surplus, substantial doubt about the company's ability to continue is now stated as current.

    MD&A: Going concern verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify