| Schedule of reportable segments |
| Schedule of reportable segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat |
|
|
| |
|
Gas-Powered |
|
|
|
& |
|
|
| |
|
Boats |
|
Franchise |
|
Development |
|
Total |
| Net Sales |
|
$ |
8,057,986 |
|
|
$ |
— |
|
|
$ |
18,559 |
|
|
$ |
8,076,545 |
|
| Cost of Products Sold |
|
|
5,529,693 |
|
|
|
— |
|
|
|
11,621 |
|
|
|
5,541,314 |
|
| Operating Expenses |
|
|
4,054,700 |
|
|
|
988 |
|
|
|
1,258,966 |
|
|
|
5,314,654 |
|
| Operating Loss |
|
|
(1,526,407 |
) |
|
|
(988 |
) |
|
|
(1,252,028 |
) |
|
|
(2,779,423 |
) |
| Other Income (Expense) |
|
|
133,885 |
|
|
|
(4,185 |
) |
|
|
205,714 |
|
|
|
335,414 |
|
| Net Loss |
|
$ |
(1,392,523 |
) |
|
$ |
(5,173 |
) |
|
$ |
(1,046,314 |
) |
|
$ |
(2,444,009 |
) |
For the three months ended
September 30, 2022
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat |
|
|
| |
|
Gas-Powered |
|
|
|
& |
|
|
| |
|
Boats |
|
Franchise |
|
Development |
|
Total |
| Net Sales |
|
$ |
8,812,021 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,812,021 |
|
| Cost of Products Sold |
|
|
5,411,404 |
|
|
|
— |
|
|
|
66,543 |
|
|
|
5,477,947 |
|
| Operating Expenses |
|
|
3,210,920 |
|
|
|
529 |
|
|
|
979,585 |
|
|
|
4,191,034 |
|
| Operating Income (Loss) |
|
|
189,697 |
|
|
|
(529 |
) |
|
|
(1,046,128 |
) |
|
|
(856,960 |
) |
| Other Income (Expense) |
|
|
(29,673 |
) |
|
|
(3,942 |
) |
|
|
3,465 |
|
|
|
(30,149 |
) |
| Net Income (Loss) |
|
$ |
160,025 |
|
|
$ |
(4,471 |
) |
|
$ |
(1,042,663 |
) |
|
$ |
(887,109 |
) |
For the nine months ended September 30, 2023
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat |
|
|
| |
|
Gas-Powered |
|
|
|
& |
|
|
| |
|
Boats |
|
Franchise |
|
Development |
|
Total |
| Net Sales |
|
$ |
24,962,343 |
|
|
$ |
— |
|
|
$ |
18,559 |
|
|
$ |
24,980,902 |
|
| Cost of Products Sold |
|
|
16,958,995 |
|
|
|
— |
|
|
|
102,358 |
|
|
|
17,061,354 |
|
| Operating Expenses |
|
|
11,192,837 |
|
|
|
2,386 |
|
|
|
4,917,498 |
|
|
|
16,112,721 |
|
| Operating Loss |
|
|
(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 |
) |
For the nine months ended
September 30, 2022
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat |
|
|
| |
|
Gas-Powered |
|
|
|
& |
|
|
| |
|
Boats |
|
Franchise |
|
Development |
|
Total |
| Net Sales |
|
$ |
23,218,666 |
|
|
$ |
(1,032 |
) |
|
$ |
— |
|
|
$ |
23,217,634 |
|
| Cost of Products Sold |
|
|
13,910,386 |
|
|
|
975 |
|
|
|
90,633 |
|
|
|
14,001,994 |
|
| Operating Expenses |
|
|
9,468,511 |
|
|
|
34,560 |
|
|
|
2,089,661 |
|
|
|
11,592,732 |
|
| Operating Loss |
|
|
(160,231 |
) |
|
|
(36,567 |
) |
|
|
(2,180,294 |
) |
|
|
(2,377,092 |
) |
| Other Income (Expense) |
|
|
(181,114 |
) |
|
|
(30,059 |
) |
|
|
(28,944 |
) |
|
|
(240,116 |
) |
| Net Loss |
|
$ |
(341,344 |
) |
|
$ |
(66,626 |
) |
|
$ |
(2,209,238 |
) |
|
$ |
(2,617,208 |
) |
|