Item 5. Market for Registrant’s Common Equity
Item
5. Market
for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
The
Company’s common stock is quoted on the OTCQB tier of the OTC Markets under the symbol “BWMG”. On March 29, 2024, the
closing sale price of our common stock was $0.012 per share.
Holders
of Common Stock
As
of May 9, 2024, the Company had approximately 386 shareholders of record.
Dividends
We
have not paid any dividends on our common stock and do not anticipate paying any cash dividends in the foreseeable future. We intend
to retain any earnings, if any, to finance the growth of the business. We cannot assure you that we will ever pay cash dividends. Whether
we pay any cash dividends in the future will depend on our financial condition, results of operations and other factors that the board
of directors will consider.
Securities
Authorized for Issuance under Equity Compensation Plans
The
following table provides information regarding our equity compensation plans as of December 31, 2023:
Equity
Compensation Plan Information
Plan category
Number of
securities to be
issued upon
exercise of
outstanding
options,
warrants and rights
Weighted
average
exercise
price of outstanding
options, warrants
and rights
($)
Number of
securities
remaining
available for
future issuance
under equity
compensation
plans
Plans approved by our shareholders (1)
3,275,000
.0410
21,725,000
Plans not approved by shareholders (2)
64,164,6377
.0293
-
(1)
Represents stock options granted to employees under the Equity Compensation Plan as described in Item 10 of this Annual Report. 25,000,000
shares are reserved for issuance under the Plan.
(2)
Represents (i) five-year options granted to each of Robert Carmichael, Mikkel Pitzner and Blake Carmichael to purchase an aggregate of
35,295,237 shares of common stock at $0.018 per share, (ii) a three-year option to purchase 2,000,000 shares of common stock at $0.0229
per share to Jeffrey Guzy, a former director, (iii) a three-year option to purchase 2,000,000 shares of common stock at $0.0229 per share
to Biz Launch Advisors, LLC, a former financial consultant, (iv) a three-year option to purchase an aggregate of 125,000,000 shares of
common stock at $0.045 per share and a to Robert Carmichael, (v) a five-year option to purchase an aggregate of 21,759,400 shares of
common stock at $0.0399 per share to Blake Carmichael, (vi) a five-year option to purchase 7,110,000 shares of common stock at $0.0531
per share to Christeen Buban, President of SSI.
17
Recent
Sales of Unregistered Securities
There
were no sales of equity securities during the period covered by this Report that were not registered under the Securities Act and were
not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K filed by the Company.
Item
6. Reserved