Related Party Transactions	6 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 4. Related Party Transactions The Company sells products to three entities, Brownies Southport Divers, Brownies Yacht Toys and Brownies Palm Beach Divers, owned by the brother of Mr. Robert M. Carmichael, the Company’s President and Chief Financial Officer. Terms of sale are no more favorable than those extended to any of the Company’s other customers with similar sales volumes. These entities accounted for 15.1% and 14.9% of the net revenues for the three months ended June 30 2021 and 2020, respectively, and 20.9% and 18.1% for the six months ended June 30, 2021 and 2020 respectively. Accounts receivable from these entities totaled $153,214 and $44,323, respectively, at June 30, 2021 and December 31, 2020. The Company sells products to Brownie’s Global Logistics, LLC. (“BGL”) and 940 Associates, Inc. (“940 A”), entities wholly-owned by Mr. Carmichael. Terms of sale are more favorable than those extended to BWMG’s regular customers, but no more favorable than those extended to Brownie’s strategic partners. Accounts receivable from the combined entities and Mr. Carmichael totaled $23,431 and $23,321 at June 30, 2021 and December 31, 2020, respectively. The Company had accounts payable to related parties of $94,573 and $102,360 at June 30, 2021 and December 31, 2020, respectively. The balance payable at June 30, 2021 is comprised of $5,000 due to Robert Carmichael, $9,639 due to 940 Associates and $79,934 due to BGL. At December 31, 2020 this account was comprised of $5,000 due to Robert Carmichael, and $97,360 due to BGL. The Company has Exclusive License Agreements with 940 A to license the trademark “Brownies Third Lung”, “Tankfill”, “Brownies Public Safety” and various other related trademarks as listed in the agreement. This Exclusive License Agreement provides that the Company will pay 940 A 2.5% of gross revenues per quarter as a royalty. Total royalty expense for the three months ended June 30, 2021 and 2020 were $28,013 and $17,916, respectively and $39,606 and $22,766 for the six months ended June 30, 2021 and 2020, respectively. The accrued royalty for June 30, 2021 is $22,510 and it is included in other liabilities. On March 25, 2021, the Company issued 27,500,000 shares of common stock to Mr. Charles F. Hyatt, a member of our Board of Directors in consideration of $275,000. As of June 30, 2021, options to purchase 25,000,000 shares of common stock held by Mr. Carmichael vested in accordance with Carmichael Option agreement as further discussed in Note 6 of these financial statements.

Related Party Transactions

6 Months Ended

Jun. 30, 2021

Note 4. Related Party Transactions

The Company sells products to three entities, Brownies Southport Divers, Brownies Yacht Toys and Brownies Palm Beach Divers, owned by the brother of Mr. Robert M. Carmichael, the Company’s President and Chief Financial Officer. Terms of sale are no more favorable than those extended to any of the Company’s other customers with similar sales volumes. These entities accounted for 15.1% and 14.9% of the net revenues for the three months ended June 30 2021 and 2020, respectively, and 20.9% and 18.1% for the six months ended June 30, 2021 and 2020 respectively. Accounts receivable from these entities totaled $153,214 and $44,323, respectively, at June 30, 2021 and December 31, 2020.

The Company sells products to Brownie’s Global Logistics, LLC. (“BGL”) and 940 Associates, Inc. (“940 A”), entities wholly-owned by Mr. Carmichael. Terms of sale are more favorable than those extended to BWMG’s regular customers, but no more favorable than those extended to Brownie’s strategic partners. Accounts receivable from the combined entities and Mr. Carmichael totaled $23,431 and $23,321 at June 30, 2021 and December 31, 2020, respectively.

The Company had accounts payable to related parties of $94,573 and $102,360 at June 30, 2021 and December 31, 2020, respectively. The balance payable at June 30, 2021 is comprised of $5,000 due to Robert Carmichael, $9,639 due to 940 Associates and $79,934 due to BGL. At December 31, 2020 this account was comprised of $5,000 due to Robert Carmichael, and $97,360 due to BGL.

The Company has Exclusive License Agreements with 940 A to license the trademark “Brownies Third Lung”, “Tankfill”, “Brownies Public Safety” and various other related trademarks as listed in the agreement. This Exclusive License Agreement provides that the Company will pay 940 A 2.5% of gross revenues per quarter as a royalty. Total royalty expense for the three months ended June 30, 2021 and 2020 were $28,013 and $17,916, respectively and $39,606 and $22,766 for the six months ended June 30, 2021 and 2020, respectively. The accrued royalty for June 30, 2021 is $22,510 and it is included in other liabilities.

On March 25, 2021, the Company issued 27,500,000 shares of common stock to Mr. Charles F. Hyatt, a member of our Board of Directors in consideration of $275,000.

As of June 30, 2021, options to purchase 25,000,000 shares of common stock held by Mr. Carmichael vested in accordance with Carmichael Option agreement as further discussed in Note 6 of these financial statements.