XML 33 R15.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Reporting
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting

Note 9. Segment Reporting

 

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. This segment also developed the technology behind the BLUVent and was the recipient of the third party purchase order on behalf of the US Department of Defense.

 

    Three Months Ended  
    June 30,  
    Legacy SSA Products     High Pressure
Gas Systems
    Ultra Portable Tankless
Dive Systems
    Total Company  
    2020     2019     2020     2019     2020     2019     2020     2019  
Net Revenues   $ 626,389     $ 652,660     $ 75,170     $ 218,060     $ 618,969     $ -     $ 1,320,528     $ 870,720  
Cost of Revenue     (310,595 )     (457,873 )     (35,487 )     (207,769 )     (477,655 )     -       (823,737 )     (665,642 )
Gross Profit     315,794       194,787       39,683       10,291       141,314       -       496,791       205,078  
Depreciation     2,039       -       -       -       4,837       -       6,876       -  
Income (Loss) from operations   $ (408,031 )   $ (47,955 )   $ 534     $ (86,813 )   $ (170 )   $ (103,780 )   $ (407,667 )   $ (238,548 )

 

    Six Months Ended  
    June 30,  
    Legacy SSA Products     High Pressure
Gas Systems
    Ultra Portable Tankless
Dive Systems
    Total Company  
    2020     2019     2020     2019     2020     2019     2020     2019  
Net Revenues   $ 920,507     $ 1,079,480     $ 273,386     $ 312,693     $ 761,424     $           -     $ 1,955,317     $ 1,392,173  
Cost of Revenue     (538,782 )     (819,217 )     (185,287 )     (280,108 )     (631,564 )     -       (1,355,633 )     (1,099,325 )
Gross Profit     381,725       260,263       88,099       32,585       129,860       -       599,684       292,848  
Depreciation     3,155       1,126       -       -       7,254       -       10,409       1,126  
Loss from operations   $ (614,687 )   $ (211,738 )   $ (2,237 )   $ (119,503 )   $ (81,520 )   $ (169,300 )   $ (698,444 )   $ (500,541 )
                                                                 
Total Assets   $ 1,433,698     $ 1,742,547     $ 187,371     $ 142,924     $ 632,123     $ -       2,253,192     $ 1,885,471