| Schedule of reportable segments |
| Schedule of reportable segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Year Ended December 31, 2023 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat |
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
and
Development |
|
Total |
| Net sales |
|
$ |
33,388,794 |
|
|
$ |
— |
|
|
$ |
37,118 |
|
|
$ |
33,425,912 |
|
| Cost of products sold |
|
|
23,545,248 |
|
|
|
— |
|
|
|
157,637 |
|
|
|
23,702,885 |
|
| Operating expense |
|
|
15,234,159 |
|
|
|
3,253 |
|
|
|
6,472,914 |
|
|
|
21,710,326 |
|
| Loss from operations |
|
|
(5,390,613 |
) |
|
|
(3,253 |
) |
|
|
(6,593,433 |
) |
|
|
(11,987,299 |
) |
| Other income (expense) |
|
|
1,559,742 |
|
|
|
(14,959 |
) |
|
|
660,320 |
|
|
|
2,205,103 |
|
| Net loss |
|
$ |
(3,830,871 |
) |
|
$ |
(18,212 |
) |
|
$ |
(5,933,113 |
) |
|
$ |
(9,782,196 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Year Ended December 31, 2022 |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat |
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
and
Development |
|
Total |
| Net sales |
|
$ |
31,988,756 |
|
|
$ |
(1,032 |
) |
|
$ |
— |
|
|
$ |
31,987,724 |
|
| Cost of products sold |
|
|
21,097,148 |
|
|
|
1,027 |
|
|
|
232,743 |
|
|
|
21,330,918 |
|
| Operating expense |
|
|
13,274,952 |
|
|
|
35,399 |
|
|
|
3,368,163 |
|
|
|
16,678,514 |
|
| Loss from operations |
|
|
(2,383,344 |
) |
|
|
(37,458 |
) |
|
|
(3,600,906 |
) |
|
|
(6,021,708 |
) |
| Other income (expense) |
|
|
239,177 |
|
|
|
(34,060 |
) |
|
|
23,177 |
|
|
|
228,294 |
|
| Net loss |
|
$ |
(2,144,167 |
) |
|
$ |
(71,518 |
) |
|
$ |
(3,577,729 |
) |
|
$ |
(5,793,414 |
) |
|