| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
5,887,032 |
|
|
$ |
(1,032 |
) |
|
$ |
— |
|
|
$ |
5,886,000 |
|
| Cost of products sold |
|
|
3,439,541 |
|
|
|
1,027 |
|
|
|
11,078 |
|
|
|
3,451,646 |
|
| Operating expense |
|
|
2,953,616 |
|
|
|
26,255 |
|
|
|
502,636 |
|
|
|
3,482,507 |
|
| (Loss) from operations |
|
|
(506,125 |
) |
|
|
(28,314 |
) |
|
|
(513,714 |
) |
|
|
(1,048,153 |
) |
| Other loss |
|
|
(120,353 |
) |
|
|
(22,234 |
) |
|
|
(577 |
) |
|
|
(143,164 |
) |
| Net loss |
|
$ |
(626,478 |
) |
|
$ |
(50,548 |
) |
|
$ |
(514,291 |
) |
|
$ |
(1,191,317 |
) |
| |
|
For the Three Months Ended March 31, 2021 |
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
3,207,643 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,207,643 |
|
| Cost of products sold |
|
|
1,719,737 |
|
|
|
— |
|
|
|
— |
|
|
|
1,719,737 |
|
| Operating expense |
|
|
1,333,144 |
|
|
|
— |
|
|
|
— |
|
|
|
1,333,144 |
|
| Income from operations |
|
|
154,762 |
|
|
|
— |
|
|
|
— |
|
|
|
154,762 |
|
| Other loss |
|
|
(22,813 |
) |
|
|
— |
|
|
|
— |
|
|
|
(22,813 |
) |
| Net income |
|
$ |
131,949 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
131,949 |
|
|
| Schedule of Segment Reporting Information, by Segment |
| Schedule of Segment Reporting Information, by Segment |
|
|
|
|
|
|
|
|
| |
|
March 31, |
|
December 31, |
| |
|
2022 |
|
2021 |
| Gas-Powered Boats |
|
$ |
3,165,344 |
|
|
$ |
2,547,410 |
|
| Franchise |
|
$ |
— |
|
|
$ |
100,196 |
|
| Electric-Boats |
|
$ |
267,698 |
|
|
$ |
235,565 |
|
|