Brownie's Marine Group Inc (BWMG)

[geodan]

Net Income. For the three months ended March 31, 2017, we had net income of $37,590 as compared to net income of $14,685 for the three months ended March 31, 2016. It should be noted that the net income for the first three months of 2016 was attributable to the $93,838 recognized on the settlement of a convertible note and related accrued interest. Absent this settlement transaction, we would have had a net loss during the first quarter 2016 of $79,153.

That is a $116,000 improvement in net profit excluding a special event last year that was non-operational. Very impressive. That is $464,000 improvement annualized on a company with a $900k mkt cap.