| Schedule of reportable segments |
| Schedule of reportable
segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and
Development |
|
Total |
| Net sales |
|
$ |
5,276,343 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
5,276,343 |
|
| Cost of products sold |
|
|
4,969,458 |
|
|
|
— |
|
|
|
29,572 |
|
|
|
4,999,030 |
|
| Operating expense |
|
|
1,533,981 |
|
|
|
772 |
|
|
|
1,285,767 |
|
|
|
2,820,520 |
|
| Loss from operations |
|
|
(1,227,096 |
) |
|
|
(772 |
) |
|
|
(1,315,339 |
) |
|
|
(2,543,207 |
) |
| Other income (expense) |
|
|
63,139 |
|
|
|
(2,629 |
) |
|
|
147,502 |
|
|
|
208,012 |
|
| Net income (loss) |
|
$ |
(1,163,957 |
) |
|
$ |
(3,401 |
) |
|
$ |
(1,167,837 |
) |
|
$ |
(2,335,194 |
) |
For the three months ended March
31, 2023
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Electric Boat and |
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Development |
|
Total |
| Net sales |
|
$ |
8,877,215 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,877,215 |
|
| Cost of products sold |
|
|
7,217,716 |
|
|
|
— |
|
|
|
49,941 |
|
|
|
7,267,657 |
|
| Operating expense |
|
|
1,898,151 |
|
|
|
1,121 |
|
|
|
2,079,809 |
|
|
|
3,979,081 |
|
| 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 income (loss) |
|
$ |
181,849 |
|
|
$ |
(5,183 |
) |
|
$ |
(2,005,131 |
) |
|
$ |
(1,828,465 |
) |
|
| Schedule of property and equipment, net |
| Schedule of property and equipment, net |
|
|
|
|
|
|
|
|
| |
|
March 31, |
|
December 31, |
| |
|
2024 |
|
2023 |
| Gas-Powered Boats |
|
$ |
8,907,117 |
|
|
$ |
8,825,027 |
|
| Franchise |
|
$ |
— |
|
|
$ |
— |
|
| Electric-Boats |
|
$ |
4,984,213 |
|
|
$ |
3,468,961 |
|
|