Brownie's Marine Group Inc (BWMG)

[geodan]

10K-link,years similar,4Q not as good,BalanceSheetMuchBetter

Comparing this link http://ih.advfn.com/p.php?pid=nmona&article=74351081

to the 3Q in Nov shows similar years. The 4Q is about a 90K net income loss, but with near the same revenue. The 4Q is almost always a loss, worse Q of year for diving equipment.

The biggest difference is that the balance sheet is much better this year. Cash is up and liabilities are way down, by over $300K So not a good Q profit wise but a very good year balance sheet wise. No TankFill sales in 2016 that is biggest difference, if they get one in 2017 that would be sweet.



2016 2015
ASSETS

Current assets
Cash $ 191,749 $ 141,822

Total current liabilities 914,885 1,232,943

Long-term liabilities
Notes payable – long-term portion — 6,133

Total liabilities $914,885 1,239,07