----

----

| Florida                                                        | 59-1564329                              |
|----------------------------------------------------------------|-----------------------------------------|
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |

| Large accelerated filer    o           | Accelerated filer                  o |
|------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated filer      o | Smaller reporting company  x                                                                                         |

----

----

----

INDEX

| Description                                                                                                      | Page   |
|------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                             |   |
| Part I – Financial Information:                                                                            |   |
|                                                                                                             |   |
| Item 1. – Financial Statements:                                                                            | 3      |
|                                                                                                             |   |
| Condensed consolidated balance sheets as of June 30, 2010 and December 31, 2009                                  | 3      |
|                                                                                                             |   |
| Condensed consolidated statements of operations for the three months and six months ended June 30, 2010 and 2009 | 4      |
|                                                                                                             |   |
| Condensed consolidated statements of cash flows for the six months ended June 30, 2010 and 2009                  | 5      |
|                                                                                                             |   |
| Notes to condensed consolidated financial statements                                                             | 6-13   |
|                                                                                                             |   |
| Item 2. – Management’s Discussion and Analysis of Financial Condition and Results of Operations      | 14-17  |
|                                                                                                             |   |
| Item 3. – Quantitative and Qualitative Disclosures about Market Risk                                       | 17     |
|                                                                                                             |   |
| Item 4. – Controls and Procedures                                                                          | 17     |
|                                                                                                             |   |
| Part II – Other Information:                                                                               |   |
|                                                                                                             |   |
| Item 1. – Legal Proceedings                                                                                | 17     |
|                                                                                                             |   |
| Item 1A. – Risk Factors                                                                                    | 17     |
|                                                                                                             |   |
| Item 2. – Unregistered Sales of Equity Securities and Use of Proceeds                                      | 17     |
|                                                                                                             |   |
| Item 3. – Defaults upon Senior Securities                                                                  | 17     |
|                                                                                                             |   |
| Item 4. - (Removed and Reserved)                                                                                 | 17     |
|                                                                                                             |   |
| Item 5. – Other Information                                                                                | 17     |
|                                                                                                             |   |
| Item 6. – Exhibits                                                                                         | 18     |
|                                                                                                             |   |
| Signatures                                                                                                       | 18     |
|                                                                                                             |   |
| Certifications                                                                                                   | 19-21  |

----

Index

| PART I - FINANCIAL INFORMATION                                                                                                                                          |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Item 1. – Financial Statements                                                                                                                                    |   |   |   |   |   |   |
| OCEAN BIO-CHEM, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS                                                                                             |
|                                                                                                                                                                    |   | June 30, 2010 |   |   | December 31, 2009 |   |
|                                                                                                                                                                    |   | (Unaudited) |   |   |   |   |
| ASSETS                                                                                                                                                                  |   |   |   |   |   |   |
| Current Assets:                                                                                                                                                         |   |   |   |   |   |   |
| Cash                                                                                                                                                                    |   | $ | 570,899 |   |   | $ | 494,973 |   |
| Trade accounts receivable net of allowance for doubtful accounts of approximately $65,600 and $61,700 at June 30, 2010 and December 31, 2009, respectively              |   |   | 2,300,340 |   |   |   | 2,144,265 |   |
| Inventories, net                                                                                                                                                        |   |   | 7,806,905 |   |   |   | 6,663,246 |   |
| Prepaid expenses and other current assets                                                                                                                               |   |   | 295,360 |   |   |   | 504,384 |   |
| Total Current Assets                                                                                                                                                    |   |   | 10,973,504 |   |   |   | 9,806,868 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Property, plant and equipment, net                                                                                                                                      |   |   | 5,468,514 |   |   |   | 5,464,356 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Other Assets:                                                                                                                                                           |   |   |   |   |   |   |   |   |
| Trademarks, trade names and patents, net                                                                                                                                |   |   | 947,814 |   |   |   | 330,439 |   |
| Due from affiliated companies, net                                                                                                                                      |   |   | 335,756 |   |   |   | 237,172 |   |
| Other assets                                                                                                                                                            |   |   | 89,926 |   |   |   | 153,224 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Total Other Assets                                                                                                                                                      |   |   | 1,373,496 |   |   |   | 720,835 |   |
| Total Assets                                                                                                                                                            |   | $ | 17,815,514 |   |   | $ | 15,992,059 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                                    |   |   |   |   |   |   |   |   |
| Current Liabilities:                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Accounts payable - trade                                                                                                                                                |   | $ | 1,467,524 |   |   | $ | 1,741,309 |   |
| Revolving Line of Credit                                                                                                                                                |   |   | 1,000,000 |   |   |   | 250,000 |   |
| Current portion of long term debt                                                                                                                                       |   |   | 486,774 |   |   |   | 513,053 |   |
| Accrued expenses payable                                                                                                                                                |   |   | 1,330,168 |   |   |   | 1,191,987 |   |
| Total Current Liabilities                                                                                                                                               |   |   | 4,284,466 |   |   |   | 3,696,349 |   |
| Long term debt, less current portion                                                                                                                                    |   |   | 2,723,436 |   |   |   | 2,937,206 |   |
| Total Liabilities                                                                                                                                                       |   |   | 7,007,902 |   |   |   | 6,633,555 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Commitments and contingencies                                                                                                                                           |   |   | - |   |   |   | - |   |
| Shareholders' Equity:                                                                                                                                                   |   |   |   |   |   |   |   |   |
| Common stock - $.01 par value, 10,000,000 shares authorized; 8,205,116 and 8,053,816 shares issued and outstanding at June 30, 2010 and December 31, 2009, respectively |   |   | 82,051 |   |   |   | 80,538 |   |
| Additional paid in capital                                                                                                                                              |   |   | 8,548,401 |   |   |   | 8,194,917 |   |
| Less cost of common stock in treasury, 351,503 shares at June 30, 2010 and December 31, 2009, respectively                                                              |   |   | (288,013 | ) |   |   | (288,013 | ) |
| Foreign currency translation adjustment                                                                                                                                 |   |   | (270,157 | ) |   |   | (277,025 | ) |
| Retained earnings                                                                                                                                                       |   |   | 2,414,542 |   |   |   | 1,648,087 |   |
| Total Shareholders' Equity of Ocean Bio-Chem., Inc. and Subsidiaries                                                                                               |   |   | 10,486,824 |   |   |   | 9,358,504 |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Noncontrolling interest                                                                                                                                                 |   |   | 320,788 |   |   |   | - |   |
|                                                                                                                                                                    |   |   |   |   |   |   |   |   |
| Total Shareholders' Equity                                                                                                                                              |   |   | 10,807,612 |   |   |   | 9,358,504 |   |
| Total Liabilities and Shareholders' Equity                                                                                                                              |   | $ | 17,815,514 |   |   | $ | 15,992,059 |   |

----

Index

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

|                                     |   | FOR THE THREE MONTHS |      |   | FOR THE SIX MONTHS |   |
|------------------------------------------|--------|----------------------|-----------|--------|--------------------|--------|
|                                     |   | ENDED JUNE 30,       |      |   | ENDED JUNE 30,     |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |
|                                     |   | 2010                 |      |   | 2009               |   |   | 2010 |   |   | 2009 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |
| Gross sales                              |   | $                    | 7,692,395 |   |               | $      | 5,969,103 |   |   | $ | 13,090,811 |   |   | $ | 10,310,457 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Less: discounts, returns, and allowances |   |                 | 338,976   |   |               |   | 253,734 |   |   |   | 539,518 |   |   |   | 485,105 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net sales                                |   |                 | 7,353,419 |   |               |   | 5,715,369 |   |   |   | 12,551,293 |   |   |   | 9,825,352 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Cost of goods sold                       |   |                 | 4,619,790 |   |               |   | 3,750,912 |   |   |   | 8,085,099 |   |   |   | 6,411,011 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                             |   |                 | 2,733,629 |   |               |   | 1,964,457 |   |   |   | 4,466,194 |   |   |   | 3,414,341 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Operating Expenses:                      |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Advertising and promotion                |   |                 | 417,645   |   |               |   | 576,434 |   |   |   | 687,274 |   |   |   | 898,413 |   |
| Selling and administrative expense       |   |                 | 1,608,871 |   |               |   | 992,770 |   |   |   | 2,392,110 |   |   |   | 1,844,303 |   |
| Interest expense                         |   |                 | 40,403    |   |               |   | 57,306 |   |   |   | 67,972 |   |   |   | 128,231 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Total operating expenses                 |   |                 | 2,066,919 |   |               |   | 1,626,510 |   |   |   | 3,147,356 |   |   |   | 2,870,947 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Operating income                         |   |                 | 666,710   |   |               |   | 337,947 |   |   |   | 1,318,838 |   |   |   | 543,394 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Other income                             |   |                 | -         |   |               |   | - |   |   |   | 22,317 |   |   |   | 11,571 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Income before income taxes               |   |                 | 666,710   |   |               |   | 337,947 |   |   |   | 1,341,155 |   |   |   | 554,965 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Provision for income taxes               |   |                 | 294,700   |   |               |   | 204,520 |   |   |   | 574,700 |   |   |   | 295,678 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Net income                               |   |                 | 372,010   |   |               |   | 133,427 |   |   |   | 766,455 |   |   |   | 259,287 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income / (loss)      |   |                 |      |   |               |   |   |   |   |   |   |   |   |
| Foreign currency translation adjustment  |   |                 | 32,557    |   |               |   | (30,520 | ) |   |   | 6,868 |   |   |   | (353 | ) |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income                     |   | $                    | 404,567   |   |               | $      | 102,907 |   |   | $ | 773,323 |   |   | $ | 258,934 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Income per common share - basic          |   | $                    | 0.05      |   |               | $      | 0.02 |   |   | $ | 0.10 |   |   | $ | 0.03 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Income per common share - diluted        |   | $                    | 0.04      |   |               | $      | 0.02 |   |   | $ | 0.09 |   |   | $ | 0.03 |   |
|                                     |   |                 |      |   |               |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average shares - basic          |   |                 | 7,746,886 |   |               |   | 7,699,813 |   |   |   | 7,724,722 |   |   |   | 7,644,980 |   |
| Weighted average shares - diluted        |   |                 | 8,615,326 |   |               |   | 7,754,205 |   |   |   | 8,362,719 |   |   |   | 7,686,937 |   |

----

Index

| OCEAN BIO-CHEM, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2010 AND 2009 (UNAUDITED) |
|---------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                              |   |
|                                                                                                                                              |   | 2010 |   |   | 2009 |   |
| Cash flows from operating activities:                                                                                                             |   |   |   |   |   |   |
|                                                                                                                                              |   |   |   |   |   |   |
| Net income                                                                                                                                        |   | $ | 766,455 |   |   | $ | 259,287 |   |
| Adjustment to reconcile net income to net cash provided by operations:                                                                            |   |   |   |   |   |   |   |   |
| Depreciation and amortization                                                                                                                     |   |   | 333,289 |   |   |   | 358,539 |   |
| Stock based compensation                                                                                                                          |   |   | 337,386 |   |   |   | 147,800 |   |
| Other operating non cash items                                                                                                                    |   |   | 34,315 |   |   |   | 113,435 |   |
| Changes in assets and liabilities:                                                                                                                |   |   |   |   |   |   |   |   |
| Accounts receivable                                                                                                                               |   |   | (159,942 | ) |   |   | (469,253 | ) |
| Inventory                                                                                                                                         |   |   | (1,186,777 | ) |   |   | (690,583 | ) |
| Other assets                                                                                                                                      |   |   | 63,298 |   |   |   | 62,078 |   |
| Prepaid expenses                                                                                                                                  |   |   | 209,024 |   |   |   | 184,319 |   |
| Amounts due from affiliates                                                                                                                       |   |   | (98,584 | ) |   |   | 716,050 |   |
| Accounts payable and other accrued liabilities                                                                                                    |   |   | (135,604 | ) |   |   | 404,856 |   |
| Net cash provided by  operating activities                                                                                              |   |   | 162,860 |   |   |   | 1,086,528 |   |
| Cash flows from investing activities:                                                                                                             |   |   |   |   |   |   |   |   |
| Purchases of property, plant and equipment                                                                                                        |   |   | (322,747 | ) |   |   | (148,328 | ) |
| Trademarks, trade names and patents, net                                                                                                          |   |   | (177,036 | ) |   |   | - |   |
| Contributions to joint venture                                                                                                                    |   |   | (103,627 | ) |   |   | - |   |
| Net cash used in investing activities                                                                                                             |   |   | (603,410 | ) |   |   | (148,328 | ) |
| Cash flows from financing activities:                                                                                                             |   |   |   |   |   |   |   |   |
| Borrowings line of credit, net                                                                                                                    |   |   | 750,000 |   |   |   | (500,000 | ) |
| Payments on long-term debt                                                                                                                        |   |   | (240,049 | ) |   |   | (292,854 | ) |
| Proceeds from exercise of stock options                                                                                                           |   |   | 7,085 |   |   |   | - |   |
| Net cash provided by (used in) financing activities                                                                                               |   |   | 517,036 |   |   |   | (792,854 | ) |
| Change in cash prior to effect of exchange rate on cash                                                                                           |   |   | 76,486 |   |   |   | 145,346 |   |
| Effect of exchange rate on cash                                                                                                                   |   |   | (560 | ) |   |   | 2,198 |   |
| Net increase  in cash                                                                                                                   |   |   | 75,926 |   |   |   | 147,544 |   |
| Cash at beginning of period                                                                                                                       |   |   | 494,973 |   |   |   | 527,056 |   |
| Cash at end of period                                                                                                                             |   | $ | 570,899 |   |   | $ | 674,600 |   |
| Supplemental disclosure of cash transactions:                                                                                                     |   |   |   |   |   |   |   |   |
| Cash paid for interest during period                                                                                                              |   | $ | 44,022 |   |   | $ | 128,231 |   |
| Cash paid for income taxes during period                                                                                                          |   | $ | 450,000 |   |   | $ | 239,000 |   |
| Supplemental disclosure of non-cash investing activities:                                                                                         |   |   |   |   |   |   |   |   |
| Assets contributed to consolidated joint venture by noncontrolling partner                                                                        |   |   |   |   |   |   |   |   |
| Patents                                                                                                                                           |   | $ | 440,339 |   |   |   |   |   |
| Inventory                                                                                                                                         |   |   | 22,965 |   |   |   |   |   |
| Equipment                                                                                                                                         |   |   | 14,700 |   |   |   |   |   |
| Total assets contributed to consolidated joint venture by noncontrolling partner                                                                  |   | $ | 478,004 |   |   |   |   |   |

----

Index

 OCEAN BIO CHEM, INC. AND SUBSIDIARIES

----

Index

|   | ● | Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ● | Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

|               |   | 2010   |      |   | 2009   |   |
|--------------------|--------|--------|-----------|--------|--------|--------|
|               |   |   |      |   |   |   |
| Raw materials      |   | $      | 4,056,275 |   |   | $      | 3,595,862 |   |
| Finished goods     |   |   | 4,072,021 |   |   |   | 3,322,692 |   |
|               |   |   | 8,128,296 |   |   |   | 6,918,554 |   |
|               |   |   |      |   |   |   |   |   |
| Inventory Reserves |   |   | (321,391  | )      |   |   | (255,308 | ) |
| Inventory Net      |   | $      | 7,806,905 |   |   | $      | 6,663,246 |   |

----

Index

|                                     |   | Estimated Useful Life Years |   | 2010   |       |   | 2009   |   |
|------------------------------------------|--------|-----------------------------|--------|--------|------------|--------|--------|--------|
|                                     |   |                   |   |   |       |   |   |   |
| Land                                     |   |                        |   | $      | 278,325    |   |   | $      | 278,325 |   |
| Building                                 |   | 30 years                    |   |   | 4,402,275  |   |   |   | 4,402,275 |   |
| Manufacturing and warehouse equipment    |   | 6-20 years                  |   |   | 7,045,122  |   |   |   | 6,877,940 |   |
| Office equipment and furniture           |   | 3-5 years                   |   |   | 555,612    |   |   |   | 541,449 |   |
| Construction in process                  |   |                        |   |   | 265,103    |   |   |   | 109,001 |   |
| Leasehold improvement                    |   | 10-15 years                 |   |   | 122,644    |   |   |   | 122,644 |   |
|                                     |   |                        |   |   | 12,669,081 |   |   |   | 12,331,634 |   |
|                                     |   |                        |   |   |       |   |   |   |   |   |
| Less accumulated depreciation            |   |                        |   |   | 7,200,567  |   |   |   | 6,867,278 |   |
|                                     |   |                        |   |   |       |   |   |   |   |   |
| Total property, plant and equipment, net |   |                        |   | $      | 5,468,514  |   |   | $      | 5,464,356 |   |

----

Index

|                         |   | Current Portion |    |   | Long Term Portion |   |
|------------------------------|--------|-----------------|---------|--------|-------------------|--------|
|                         |   | 2010            |    |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                         |   |            |    |   |              |   |   |   |   |   |   |   |
| Industrial Development Bonds |   | $               | 460,000 |   |              | $      | 460,000 |   |   | $ | 2,675,000 |   |   | $ | 2,905,000 |   |
| Notes payable                |   |            | -       |   |              |   | 33,352 |   |   |   | - |   |   |   | - |   |
| Capitalized equipment leases |   |            | 26,774  |   |              |   | 19,701 |   |   |   | 48,436 |   |   |   | 32,206 |   |
|                         |   | $               | 486,774 |   |              | $      | 513,053 |   |   | $ | 2,723,436 |   |   | $ | 2,937,206 |   |

| 2011       |   | $      | 486,774   |   |
|------------|--------|--------|-----------|--------|
| 2012       |   |   | 481,351   |   |
| 2013       |   |   | 454,295   |   |
| 2014       |   |   | 447,790   |   |
| 2015       |   |   | 440,000   |   |
| Thereafter |   |   | 900,000   |   |
|       |   |   |      |   |
| Total      |   | $      | 3,210,210 |   |

----

Index

| 2011        |   |  $ | 102,839 |   |
|-------------|--------|---------|---------|--------|
| 2012        |   |    | 104,896 |   |
| 2013        |   |    | 106,994 |   |
| 2014        |   |    | 109,134 |   |
| 2015        |   |    | 111,317 |   |
| Thereafter: |   |    | 327,472 |   |
|        |   |    |    |   |
|        |   | $       | 862,652 |   |

----

Index

|                                                                  |   | Three months ended June 30, |      |   | Six months ended June 30, |   |
|-----------------------------------------------------------------------|--------|-----------------------------|-----------|--------|---------------------------|--------|
|                                                                  |   | 2010                        |      |   | 2009                      |   |   | 2010 |   |   | 2009 |   |
|                                                                  |   |                        |      |   |                      |   |   |   |   |   |   |   |
|                                                                  |   |                        |      |   |                      |   |   |   |   |   |   |   |
| Weighted-average common shares outstanding                            |   |                        | 7,746,886 |   |                      |   | 7,699,813 |   |   |   | 7,724,722 |   |   |   | 7,644,980 |   |
|                                                                  |   |                        |      |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Dilutive effect of stock plans, other options & conversion rights |   |                        | 868,440   |   |                      |   | 54,392 |   |   |   | 637,997 |   |   |   | 41,957 |   |
|                                                                  |   |                        |      |   |                      |   |   |   |   |   |   |   |   |   |   |   |
| Diluted weighted-average shares outstanding                           |   |                        | 8,615,326 |   |                      |   | 7,754,205 |   |   |   | 8,362,719 |   |   |   | 7,686,937 |   |

| Plan         | Dategranted | Optionsoutstanding                    | Exercisableoptions                                | Exerciseprice | Expirationdate | Weighted Av.remaining life |
|--------------|-------------|---------------------------------------|---------------------------------------------------|---------------|----------------|----------------------------|
|         |        |                                  |                                              |          |           |                       |
| NON-PLAN     | 03/25/09    | 115,000                               | 115,000                                           | 0.55          | 03/24/14       | 3.8                        |
| 2002 PLAN    | 11/06/06    | 113,500                               | 83,990                                            | 0.93          | 11/05/11       | 1.4                        |
| 2007 PLAN    | 05/17/07    | 167,500                               | 106,083                                           | 1.66          | 05/16/12       | 1.9                        |
| 2007 PLAN    | 10/08/07    | 2,500                                 | 1,383                                             | 1.87          | 10/07/12       | 2.3                        |
| 2007 PLAN    | 12/17/07    | 156,500                               | 80,511                                            | 1.32          | 12/16/12       | 2.5                        |
| 2008 PLAN    | 08/25/08    | 156,100                               | 58,451                                            | 0.97          | 08/21/13       | 3.2                        |
| 2002 PLAN NQ | 10/22/02    | 35,000                                | 35,000                                            | 1.26          | 10/21/12       | 2.3                        |
| 2002 PLAN NQ | 06/20/03    | 30,000                                | 30,000                                            | 1.03          | 06/19/13       | 3.0                        |
| 2002 PLAN NQ | 05/25/04    | 30,000                                | 30,000                                            | 1.46          | 05/24/14       | 4.0                        |
| 2002 PLAN NQ | 04/03/06    | 40,000                                | 40,000                                            | 1.08          | 04/02/16       | 5.8                        |
| 2002 PLAN NQ | 12/17/07    | 48,100                                | 48,100                                            | 1.32          | 12/16/17       | 7.6                        |
| 2008 PLAN NQ | 01/11/09    | 50,000                                | 50,000                                            | 0.69          | 01/10/19       | 8.7                        |
| 2008 PLAN NQ | 4/26/10     | 25,000                                | 25,000                                            | 2.07          | 04/25/20       | 10.0                       |
|         |        |      969,200 |        703,518 | 1.16          |           | 3.5                        |

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Index

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Index

| Item 2. | Management's Discussion and Analysis of Financial Conditions and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

----

Index

----

Index

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Index

| Item 3. | Quantitative and Qualitative Disclosures about Market Risk |
|---------|------------------------------------------------------------|

| Item 4. | Controls and Procedures |
|---------|-------------------------|

Item 

1A

Item 

Item 

4 

Item 

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Index

Exhibits

| 31.1  | Certification of Chief Executive Officer pursuant to Section 302 of Sarbanes-Oxley Act. |
|------------|-----------------------------------------------------------------------------------------|

| 31.2  | Certification of Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act. |
|------------|-----------------------------------------------------------------------------------------|

| 32.1  | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 ofSarbanes-Oxley Act. |
|------------|--------------------------------------------------------------------------------------------------------------------|

SIGNATURES

| OCEAN BIO-CHEM, INC.  |                                                           |
|-----------------------|----------------------------------------------------------------|
|                  |                                                           |
| Date: August 13, 2010 | /s/ Peter G. Dornau                                            |
|                  | Peter G. Dornau                                                |
|                  | Chairman of the Board of Directors and Chief Executive Officer |
|                  |                                                           |
|                  |                                                           |
|                  |                                                           |
|                  | /s/  Jeffrey S. Barocas                              |
|                  | Jeffrey S. Barocas                                             |
|                  | Chief Financial Officer                                        |

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