| Schedule of reportable segments |
| Schedule of reportable segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
2,901,318 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,901,318 |
|
| Cost of products sold |
|
|
3,035,053 |
|
|
|
— |
|
|
|
11,922 |
|
|
|
3,046,975 |
|
| Operating expense |
|
|
1,990,512 |
|
|
|
610 |
|
|
|
852,451 |
|
|
|
2,843,573 |
|
| Loss from operations |
|
|
(2,124,247 |
) |
|
|
(610 |
) |
|
|
(864,373 |
) |
|
|
(2,989,230 |
) |
| Other income (expense) |
|
|
10,857 |
|
|
|
(205 |
) |
|
|
(31,329 |
) |
|
|
(20,677 |
) |
| Net loss |
|
$ |
(2,113,390 |
) |
|
$ |
(815 |
) |
|
$ |
(895,702 |
) |
|
$ |
(3,009,907 |
) |
For the three months ended September 30, 2023
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
8,057,986 |
|
|
$ |
— |
|
|
$ |
18,559 |
|
|
$ |
8,076,545 |
|
| Cost of products sold |
|
|
7,459,413 |
|
|
|
— |
|
|
|
11,621 |
|
|
|
7,471,034 |
|
| Operating expense |
|
|
2,124,980 |
|
|
|
988 |
|
|
|
1,258,966 |
|
|
|
3,384,934 |
|
| Loss from operations |
|
|
(1,526,407 |
) |
|
|
(988 |
) |
|
|
(1,252,028 |
) |
|
|
(2,779,423 |
) |
| Other income (expense) |
|
|
133,885 |
|
|
|
(4,185 |
) |
|
|
205,714 |
|
|
|
335,414 |
|
| Net loss |
|
$ |
(1,392,522 |
) |
|
$ |
(5,173 |
) |
|
$ |
(1,046,314 |
) |
|
$ |
(2,444,009 |
) |
For the nine months ended September 30, 2024
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
12,504,482 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,504,482 |
|
| Cost of products sold |
|
|
12,102,151 |
|
|
|
— |
|
|
|
68,335 |
|
|
|
12,170,486 |
|
| Operating expense |
|
|
5,469,191 |
|
|
|
1,537 |
|
|
|
5,054,781 |
|
|
|
10,525,509 |
|
| Loss from operations |
|
|
(5,066,860 |
) |
|
|
(1,537 |
) |
|
|
(5,123,116 |
) |
|
|
(10,191,513 |
) |
| Other income (expense) |
|
|
104,284 |
|
|
|
(5,092 |
) |
|
|
228,023 |
|
|
|
327,215 |
|
| Net loss |
|
$ |
(4,962,576 |
) |
|
$ |
(6,629 |
) |
|
$ |
(4,895,093 |
) |
|
$ |
(9,864,298 |
) |
For the nine months ended September 30, 2023
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
24,962,343 |
|
|
$ |
— |
|
|
$ |
18,559 |
|
|
$ |
24,980,902 |
|
| Cost of products sold |
|
|
21,825,735 |
|
|
|
— |
|
|
|
102,358 |
|
|
|
21,928,093 |
|
| Operating expense |
|
|
6,326,098 |
|
|
|
2,386 |
|
|
|
4,917,498 |
|
|
|
11,245,982 |
|
| Loss from operations |
|
|
(3,189,490 |
) |
|
|
(2,386 |
) |
|
|
(5,001,297 |
) |
|
|
(8,193,173 |
) |
| Other income (expense) |
|
|
1,563,128 |
|
|
|
(12,369 |
) |
|
|
466,197 |
|
|
|
2,016,956 |
|
| Net loss |
|
$ |
(1,626,362 |
) |
|
$ |
(14,755 |
) |
|
$ |
(4,535,100 |
) |
|
$ |
(6,176,217 |
) |
|