| Reconciliation of operating profit (loss) from segments to consolidated |
| Reconciliation of operating profit (loss) from segments to consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Nine Months Ended September 30, 2022 |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
23,218,666 |
|
|
$ |
(1,032 |
) |
|
$ |
— |
|
|
$ |
23,217,634 |
|
| Cost of products sold |
|
|
13,910,332 |
|
|
|
1,027 |
|
|
|
90,635 |
|
|
|
14,001,994 |
|
Operating expense
|
|
|
9,468,564 |
|
|
|
34,507 |
|
|
|
2,089,661 |
|
|
|
11,592,732 |
|
| Loss from operations |
|
|
(160,230 |
) |
|
|
(36,566 |
) |
|
|
(2,180,296 |
) |
|
|
(2,377,092 |
) |
| Other expense |
|
|
(181,113 |
) |
|
|
(30,059 |
) |
|
|
(28,944 |
) |
|
|
(240,116 |
) |
| Net loss |
|
$ |
(341,343 |
) |
|
$ |
(66,625 |
) |
|
$ |
(2,209,240 |
) |
|
$ |
(2,617,208 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Nine Months Ended September 30, 2021 |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
10,623,460 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
10,623,460 |
|
| Cost of products sold |
|
|
6,209,334 |
|
|
|
— |
|
|
|
— |
|
|
|
6,209,334 |
|
Operating expense
|
|
|
4,581,634 |
|
|
|
— |
|
|
|
117,197 |
|
|
|
4,698,831 |
|
| Loss from operations |
|
|
(167,508 |
) |
|
|
— |
|
|
|
(117,197 |
) |
|
|
(284,705 |
) |
| Other income (expense) |
|
|
153,101 |
|
|
|
— |
|
|
|
(68,873 |
) |
|
|
84,228 |
|
| Net loss |
|
$ |
(14,407 |
) |
|
$ |
— |
|
|
$ |
(186,070 |
) |
|
$ |
(200,477 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Three Months Ended September 30, 2022 |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
8,812,021 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,812,021 |
|
| Cost of products sold |
|
|
5,411,404 |
|
|
|
— |
|
|
|
66,543 |
|
|
|
5,477,947 |
|
| Operating expense |
|
|
3,210,920 |
|
|
|
529 |
|
|
|
979,585 |
|
|
|
4,191,034 |
|
| Income (loss) from operations |
|
|
189,697 |
|
|
|
(529 |
) |
|
|
(1,046,128 |
) |
|
|
(856,960 |
) |
| Other (expense) income |
|
|
(29,671 |
) |
|
|
(3,943 |
) |
|
|
3,465 |
|
|
|
(30,149 |
) |
| Net income (loss) |
|
$ |
160,025 |
|
|
$ |
(4,471 |
) |
|
$ |
(1,042,663 |
) |
|
$ |
(887,109 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Three Months Ended September 30, 2021 |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
4,118,246 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
4,118,246 |
|
| Cost of products sold |
|
|
2,508,170 |
|
|
|
— |
|
|
|
— |
|
|
|
2,508,170 |
|
| Operating expense |
|
|
1,850,380 |
|
|
|
— |
|
|
|
82,230 |
|
|
|
1,932,610 |
|
| Loss from operations |
|
|
(240,304 |
) |
|
|
— |
|
|
|
(82,230 |
) |
|
|
(322,534 |
) |
| Other loss |
|
|
(57,452 |
) |
|
|
— |
|
|
|
(3,291 |
) |
|
|
(60,743 |
) |
| Net loss |
|
$ |
(297,756 |
) |
|
$ |
— |
|
|
$ |
(85,521 |
) |
|
$ |
(383,277 |
) |
|