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Segment (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
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 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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