| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
| Reconciliation of Operating Profit (Loss) from Segments to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended June 30, 2022 |
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
8,519,613 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,519,613 |
|
| Cost of products sold |
|
|
5,059,389 |
|
|
|
— |
|
|
|
13,012 |
|
|
|
5,072,401 |
|
| Operating expense |
|
|
3,356,381 |
|
|
|
7,723 |
|
|
|
555,087 |
|
|
|
3,919,191 |
|
| (Loss) Income from operations |
|
|
103,843 |
|
|
|
(7,723 |
) |
|
|
(568,099 |
) |
|
|
(471,979 |
) |
| Total Other (expenses) income |
|
|
(31,089 |
) |
|
|
(3,882 |
) |
|
|
(31,832 |
) |
|
|
(66,803 |
) |
| Net income (loss) |
|
$ |
72,754 |
|
|
$ |
(11,605 |
) |
|
$ |
(599,931 |
) |
|
$ |
(538,782 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended June 30, 2021 |
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
3,297,571 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,297,571 |
|
| Cost of products sold |
|
|
1,981,427 |
|
|
|
— |
|
|
|
— |
|
|
|
1,981,427 |
|
| Operating expense |
|
|
1,415,527 |
|
|
|
— |
|
|
|
17,550 |
|
|
|
1,433,077 |
|
| Income from operations |
|
|
(99,383 |
) |
|
|
— |
|
|
|
(17,550 |
) |
|
|
(116,933 |
) |
| Other income |
|
|
231,590 |
|
|
|
— |
|
|
|
(63,806 |
) |
|
|
167,784 |
|
| Net income (loss) |
|
$ |
132,207 |
|
|
$ |
— |
|
|
$ |
(81,356 |
) |
|
$ |
50,851 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Six Months Ended June 30, 2022 |
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
14,406,645 |
|
|
$ |
(1,032 |
) |
|
$ |
— |
|
|
$ |
14,405,613 |
|
| Cost of products sold |
|
|
8,498,930 |
|
|
|
1,027 |
|
|
|
24,090 |
|
|
|
8,524,047 |
|
| Operating expense |
|
|
6,309,997 |
|
|
|
33,978 |
|
|
|
1,057,723 |
|
|
|
7,401,698 |
|
| Income from operations |
|
|
(402,282 |
) |
|
|
(36,037 |
) |
|
|
(1,081,813 |
) |
|
|
(1,520,132 |
) |
| Other loss |
|
|
(151,442 |
) |
|
|
(26,116 |
) |
|
|
(32,409 |
) |
|
|
(209,967 |
) |
| Net loss |
|
$ |
(553,724 |
) |
|
$ |
(62,153 |
) |
|
$ |
(1,114,222 |
) |
|
$ |
(1,730,099 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Six Months Ended June 30, 2021 |
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
6,505,214 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
6,505,214 |
|
| Cost of products sold |
|
|
3,701,164 |
|
|
|
— |
|
|
|
— |
|
|
|
3,701,164 |
|
| Operating expense |
|
|
2,731,121 |
|
|
|
— |
|
|
|
35,100 |
|
|
|
2,766,221 |
|
| Income from operations |
|
|
72,929 |
|
|
|
— |
|
|
|
(35,100 |
) |
|
|
37,829 |
|
| Other income |
|
|
210,419 |
|
|
|
— |
|
|
|
(65,448 |
) |
|
|
144,971 |
|
| Net income (loss) |
|
$ |
283,348 |
|
|
$ |
— |
|
|
$ |
(100,548 |
) |
|
$ |
182,800 |
|
|