| Schedule of reportable segments |
| Schedule of reportable segments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
8,124,632 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
8,124,632 |
|
| Cost of products sold |
|
|
5,823,374 |
|
|
|
— |
|
|
|
40,796 |
|
|
|
5,864,170 |
|
| Operating expense |
|
|
3,725,689 |
|
|
|
278 |
|
|
|
1,578,722 |
|
|
|
5,304,689 |
|
| Loss from operations |
|
|
(1,424,431 |
) |
|
|
(278 |
) |
|
|
(1,619,518 |
) |
|
|
(3,044,227 |
) |
| Other income (expense) |
|
|
1,008,741 |
|
|
|
(4,122 |
) |
|
|
135,865 |
|
|
|
1,140,484 |
|
| Net loss |
|
$ |
(415,690 |
) |
|
$ |
(4,400 |
) |
|
$ |
(1,483,653 |
) |
|
$ |
(1,903,743 |
) |
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 |
|
| Income (loss) from operations |
|
|
103,843 |
|
|
|
(7,723 |
) |
|
|
(568,099 |
) |
|
|
(471,979 |
) |
| Other expense |
|
|
(31,089 |
) |
|
|
(3,882 |
) |
|
|
(31,832 |
) |
|
|
(66,803 |
) |
| Net income (loss) |
|
$ |
72,754 |
|
|
$ |
(11,605 |
) |
|
$ |
(599,931 |
) |
|
$ |
(538,782 |
) |
For the six months ended June 30, 2023
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gas-Powered Boats |
|
Franchise |
|
Electric Boat and Development |
|
Total |
| Net sales |
|
$ |
17,001,847 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
17,001,847 |
|
| Cost of products sold |
|
|
11,428,818 |
|
|
|
— |
|
|
|
90,737 |
|
|
|
11,519,555 |
|
| Operating expense |
|
|
7,236,112 |
|
|
|
1,399 |
|
|
|
3,658,531 |
|
|
|
10,896,042 |
|
| Loss from operations |
|
|
(1,663,083 |
) |
|
|
(1,399 |
) |
|
|
(3,749,268 |
) |
|
|
(5,413,750 |
) |
| Other income (expense) |
|
|
1,429,242 |
|
|
|
(8,184 |
) |
|
|
260,484 |
|
|
|
1,681,542 |
|
| Net loss |
|
$ |
(233,841 |
) |
|
$ |
(9,583 |
) |
|
$ |
(3,488,784 |
) |
|
$ |
(3,732,208 |
) |
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 |
|
| Loss from operations |
|
|
(402,282 |
) |
|
|
(36,037 |
) |
|
|
(1,081,813 |
) |
|
|
(1,520,132 |
) |
| Other expense |
|
|
(151,442 |
) |
|
|
(26,116 |
) |
|
|
(32,409 |
) |
|
|
(209,967 |
) |
| Net loss |
|
$ |
(553,724 |
) |
|
$ |
(62,153 |
) |
|
$ |
(1,114,222 |
) |
|
$ |
(1,730,099 |
) |
|