| Schedule of reportable segments |
| Schedule
of reportable segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Year Ended December 31, 2022 |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat 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 |
|
| Income (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 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Year Ended December 31, 2021 |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
15,757,435 |
|
|
$ |
16,735 |
|
|
$ |
— |
|
|
$ |
15,774,170 |
|
| Cost of products sold |
|
|
9,483,158 |
|
|
|
15,226 |
|
|
|
— |
|
|
|
9,498,384 |
|
| Operating expense |
|
|
7,461,787 |
|
|
|
63,173 |
|
|
|
381,547 |
|
|
|
7,906,507 |
|
| Loss from operations |
|
|
(1,187,510 |
) |
|
|
(61,664 |
) |
|
|
(381,547 |
) |
|
|
(1,630,721 |
) |
| Other income (expense) |
|
|
699,486 |
|
|
|
(3,769 |
) |
|
|
(76,005 |
) |
|
|
619,712 |
|
| Net loss |
|
$ |
(488,024 |
) |
|
$ |
(65,433 |
) |
|
$ |
(457,552 |
) |
|
$ |
(1,011,009 |
) |
|