BWMG — what changed in the latest 10-Q
A section-by-section comparison of BWMG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-04 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −19 | ~6 | 11 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 12 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +1 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-04
On July 1, 2026, the Company executed and consummated the transactions contemplated by an asset purchase agreement (the “Asset Purchase Agreement”) by and among Sunrise Paddleboards LLC, a Florida limited liability company (“Sunrise Paddleboards”), Brian Galton, the sole member of Sunrise Paddleboar…
In 2022, the Company applied for a tax credit for employees of its operating subsidiaries that were retained on payroll during the Covid-19 pandemic under the Internal Revenue Service’s Employee Retention Credit (“ERC”) program from 2020 to the second quarter of 2021. The Company engaged a third par…
On July 16, 2026, the board of directors of the Company appointed Mikkel Pitzner to serve as a member of the board, effective on such date.
Net revenues increased 11.0% for the six month ended June 30, 2026 as compared to the six month ended June 30, 2025 as a result of an increase in revenues of BTL, BLU3, and SSI. This increase was offset by a slight decrease in revenues for LWA. The increase in SSI’s revenues was due to sales to a br…
For the six months ended June 30, 2026, cost of net revenues was 50.9% as compared with the cost of net revenues of 65.7% for the six months ended June 30,2025. The decrease of cost of revenue as a percentage of revenue, is directly attributable to the increase in sales revenue, The royalty expenses…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
On November 24, 2025, the Company issued 24,722,222 shares of its common stock to Robert Carmichael, its chief executive officer and a director, and 23,400,000 shares of common stock to Charles Hyatt, a director, in lieu of a cash payment of $133,500 and $117,000, respectively, as accrued compensati…
On November 20, 2025, the Company, and Charles Hyatt executed (a) a third amendment to a promissory note in the principal amount of $150,000, which was originally issued by the Company to Mr. Hyatt on November 7, 2023 (the “2023 Note”), to further extend the 2023 Note’s maturity date from November 7…
On February 6, 2023, the Company entered into an agreement with Omega Accounting Solutions, Inc., a California corporation (“Omega”), to analyze the Company’s ability to file for Employee Retention Credit (“ERC”) under the IRS Code. Omega analyzed the Company’s payroll reports and filed for ERC cred…
Net revenues decreased 4.5% for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025 as a result of an decrease in revenues of BTL, BLU3 and SSI and no revenues from LBI because its assets were sold in the third quarter of 2025. Net revenue for LWA increased 8.2…
For the three months ended March 31, 2026, cost of net revenues was 61.6% as compared with the cost of net revenues of 62.0% for the three months ended 2025. The cost of revenue decrease, can be directly attributable to controlling the cost of direct labor, which accounted for a smaller portion of c…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-04
Effective August 1, 2026, the Company entered into a seven-year lease with Orangemen Holdings, Inc., a Florida corporation, for 20,728 square feet of office and warehouse space in Davie, Florida. Monthly base rent under the lease is approximately $38,001, $39,141, $40,316, 41,525, 42,771, $44,054 an…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice