Segments

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segments

NOTE 13 – SEGMENTS

We had three operating segments as described below;

1. Legacy SSA Products, which sells recreational hookah diving systems.

2. High Pressure Gas Systems, which sells high pressure air and industrial gas compressor packages.

3. Ultra Dive Systems, which sells next generation electric surface supply air diving systems and electric shallow dive system that are battery operated and completely portable to the user.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Revenues:
Legacy SSA Products	$	683,043	$	737,578	$	1,762,523	$	1,678,328
High Pressure Gas Systems		158,370		150,152		471,063		374,335
Ultra Dive Systems		-		-		-		-
Total revenues	$	841,413	$	887,730	$	2,233,586	$	2,052,663
Cost of goods sold:
Legacy SSA Products	$	555,818	$	589,647	$	1,375,036	$	1,307,655
High Pressure Gas Systems		58,560		69,249		338,667		264,619
Ultra Dive Systems		-		-		-		-
Total cost of goods sold	$	614,378	$	658,896	$	1,713,703	$	1,572,274
Gross Profit:
Legacy SSA Products	$	127,225	$	147,931	$	387,487	$	370,673
High Pressure Gas Systems		99,810		80,903		132,396		109,716
Ultra Dive Systems		-		-		-		-
Total Gross Profit	$	227,035	$	228,834	$	519,883	$	480,389
Segment Depreciation:
Legacy SSA Products	$	3,563	$	9,342	$	4,689	$	17,798
High Pressure Gas Systems		-		-		-		-
Ultra Dive Systems		-		-		-		-
Total Segment Depreciation	$	3,563	$	9,342	$	4,689	$	17,798

Segment income / (Loss) from Operations:
Legacy SSA Products	$	(246,475	)	$	(42,386	)	$	(458,213	)	$	(237,099	)
High Pressure Gas Systems		3,680			3,548			(115,172	)		(97,069	)
Ultra Dive Systems		(77,153	)		(4,660	)		(247,104	)		(4,660	)
Total Segment (Loss) from Operations	$	(319,948	)	$	(43,498	)	$	(820,489	)	$	(338,828	)

	September 30, 2019		September 30, 2018
Segment assets:
Legacy SSA Products	$	1,415,903	$	1,077,439
High Pressure Gas Systems		176,855		264,809
Ultra Dive Systems		191,872		1,872
Total Assets	$	1,784,630	$	1,344,120