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Brownie's Marine Group, Inc (BWMG): material weakness open at least 2,128 days

By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.

Brownie's Marine Group, Inc reported ineffective internal control over financial reporting because of a material weakness in 6 filings since Mar 31, 2021. It stated one or more material weaknesses in 19 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q/A for the period ended Jun 30, 2026.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #10437

Causes the company named

Segregation of duties · 22Financial close and reporting · 22Accounting expertise and resources · 22ITGC: general · 22Revenue recognition · 22Entity-level and governance · 21Not described · 3

What the latest filing says

required disclosure as a result of continuing material weaknesses in our internal control over financial reporting described below. A material weakness is a deficiency, or combination of deficiencies, that results in more than a remote likelihood that a material misstatement of annual or interim financial statements will not be prevented or detected. Our management, including our Principal Executive Officer and Principal Financial Officer, have evaluated the effectiveness of the design and operations of our disclosure controls and procedures (defined in Exchange Act Rules 13a-15(c) and 15d-15(e)) as of June 30, 2026 and based upon the such evaluation, have concluded that the disclosure controls and procedures were not effective as of such date due to the material weaknesses set forth below. ● Insufficient number and lack of qualified accounting department and administrative personnel and support; ● Insufficient written policies and procedures to ensure the correct application of accounting and financial reporting with respect to GAAP and SEC disclosure requirements; ● Insu [...]

From the controls section of the 10-Q/A filed Sep 10, 2026. Read the full filing on SEC EDGAR.

Company response: Brownie's Marine Group, Inc can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Brownie's Marine Group, Inc or the SEC. Not investment advice. Why you can rely on the Watch List.