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NADA price guide lists them from 1982-1987:
http://www.nadaguides.com/Boats/1987/AQUABUG/Outboard-Motors
NADA says this about them:
Headquartered in Lawrence, New York, Aquabug International distributed a range of products supplied by Tanaka from the 1970s through to the mid-1980s. Specializing in extremely lightweight gasoline outboard marine motors, power ranges between 1.3 to 5.5 horsepower were offered under the Aquabug name. Offering ideal products for smaller boating, Aquabug disappeared after experiencing financial troubles.
Someone has started using the name again – don’t know if it evolved from the same company:
Dave
https://www.amazon.com/AquaBug-Outboard-Motor-Smallest-Stroke/dp/B01N0SJ9MZ
Here – I just found the mfgrs website:
https://bikebug.net/collections/aqua-bug-outboard-motor