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Segments
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segments

14. SEGMENTS

 

The Company has 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 Portable Tankless 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.

 

    Years Ended  
    December 31,  
    2019     2018  
Net Revenues:                
Legacy SSA Products   $ 2,073,300     $ 2,098,432  
High Pressure Gas Systems     700,654       443,775  
Ultra Portable Tankless Dive Systems     193,724       -  
Total net revenues   $ 2,967,678     $ 2,542,207  
                 
Cost of Revenues:                
Legacy SSA Products   $ 1,795,737     $ 1,945,332  
High Pressure Gas Systems     474,338       281,252  
Ultra Portable Tankless Dive Systems     249,176       -  
Total cost of revenues   $ 2,519,251     $ 2,226,584  
                 
Gross Profit(loss):                
Legacy SSA Products   $ 277,564     $ 153,100  
High Pressure Gas Systems     226,315       162,523  
Ultra Portable Tankless Dive Systems     (55,452 )     -  
Total gross profit(loss)   $ 448,427     $ 315,623  
                 
Segment Depreciation:                
Legacy SSA Products   $ 5,252     $ 36,580  
High Pressure Gas Systems     -       -  
Ultra Portable Tankless Dive Systems     4,030       -  
Total segment depreciation   $ 9,282     $ 36,580  

 

    Years Ended  
    December 31,  
    2019     2018  
Segment income / (loss) from Operations:                
Legacy SSA Products   $ (826,455 )   $ (792,104 )
High Pressure Gas Systems     (89,108 )     (142,270 )
Ultra Portable Tankless Dive Systems     (368,103 )     (76,868 )
Total segment income/(loss) from operations   $ (1,283,666 )   $ (1,011,242 )

 

    December 31, 2019     December 31, 2018  
Segment assets:                
Legacy SSA Products   $ 1,183,829     $ 775,262  
High Pressure Gas Systems     265,361       164,689  
Ultra Portable Tankless Dive Systems     217,375       56,015  
Total Assets   $ 1,666,565     $ 995,966