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Segments
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segments

Note 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,  
    2020     2019  
Net Revenues:                
Legacy SSA Products   $ 2,721,753     $ 2,073,300  
High Pressure Gas Systems     489,590       700,654  
Ultra Portable Tankless Dive Systems     1,344,630       193,724  
Total net revenues   $ 4,555,973     $ 2,967,678  
                 
Cost of Revenues:                
Legacy SSA Products   $ 1,783,857     $ 1,795,737  
High Pressure Gas Systems     310,527       474,338  
Ultra Portable Tankless Dive Systems     997,200       249,176  
Total cost of revenues   $ 3,091,584     $ 2,519,251  
                 
Gross Profit(loss):                
Legacy SSA Products   $ 937,896     $ 277,564  
High Pressure Gas Systems     179,063       226,315  
Ultra Portable Tankless Dive Systems     347,430       (55,542 )
Total gross profit(loss)   $ 1,464,389     $ 448,427  
                 
Segment Depreciation:                
Legacy SSA Products   $ 8,916     $ 5,252  
High Pressure Gas Systems     -       -  
Ultra Portable Tankless Dive Systems     12,089       4,030  
Total segment depreciation   $ 21,005     $ 9,282  

 

    Years Ended  
    December 31,  
    2020     2019  
Segment income / (loss) from Operations:                
Legacy SSA Products   $ (1,063,871 )   $ (826,455 )
High Pressure Gas Systems     (30,876 )     (89,108 )
Ultra Portable Tankless Dive Systems     (238,313 )     (368,103 )
Total segment income/(loss) from operations   $ (1,333,060 )   $ (1,283,666 )

 

    December 31,
2020
    December 31,
2019
 
Segment assets:                
Legacy SSA Products   $ 1,327,465     $ 1,183829  
High Pressure Gas Systems     245,572       265,361  
Ultra Portable Tankless Dive Systems     500,043       217.375  
Total Assets   $ 2,073,080     $ 1,666,565