Quarterly report pursuant to Section 13 or 15(d)

Segment (Tables)

v3.23.1
Segment (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]
                                 
    Gas-Powered Boats   Franchise   Electric Boat and Development   Total
Net sales   $ 8,877,215     $     $     $ 8,877,215  
Cost of products sold     5,605,444             49,941       5,655,385  
Operating expense     3,510,423       1,121       2,079,809       5,591,353  
Loss from operations     (238,652 )     (1,121 )     (2,129,750 )     (2,369,523 )
Other income (expense)     420,501       (4,062 )     124,619       541,058  
Net loss   $ 181,849     $ (5,183 )   $ (2,005,131 )   $ (1,828,465 )


For the three months ended March 31, 2022

  

                                 
    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 expenses     (120,353 )     (22,234 )     (577 )     (143,164 )
Net loss   $ (626,478 )   $ (50,548 )   $ (514,291 )   $ (1,191,317 )
Segment (Details 1)
                     
    March 31,   December 31,
    2023   2022
  Gas-Powered Boats     $ 5,132,365     $ 4,694,607  
  Franchise     $     $  
  Electric-Boats     $ 1,021,674     $ 765,406