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Segment Reporting
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Reporting

Note 10. Segment Reporting

 

The Company has four operating segments as described below:

 

  1. Legacy SSA Products, which sells recreational multi-diver surface supplied air 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.
     
  4. Redundant Air Tank Systems, which manufactures and distributes a line of high pressure tanks and redundant air systems for the military and recreational diving industries

 

Nine months ended

September 30

 

   Legacy SSA Products   High Pressure Gas Systems   Ultra Portable Tankless Dive Systems   Redundant Air Tank Systems   Total Company 
   2021   2020   2021   2020   2021   2020   2021   2020   2021   2020 
Net Revenues  $2,419,920   $2,192,175   $477,085   $352,383   $1,204,265   $1,081,418   $121,131   $-   $4,222,401   $3,625,976 
Cost of Revenue   (1,682,597)   (1,301,939)   (279,209)   (230,366)   (885,223)   (814,196)   (92,063)   -    (2,939,092)   (2,346,501)
Gross Profit   737,323    890,236    197,876    122,017    319,042    267,222    29,068    -    1,283,309    1,279,475 
Depreciation   13,077    5,105    -    -    10,001    9,672    6,639    -    29,717    14,777 
Income (loss) from operations  $(1,071,220)  $(479,387)  $46,435   $(37,300)  $(188,534)  $(122,767)  $(16,025)  $-    (1,229,344)  $(639,454)
                                            -      
Total Assets  $1,679,021   $1,646,192   $314,514   $193,019   $904,386   $654,427   $2,210,009   $-   $5,107,930   $2,493,638 

 

Three Months Ended

September 30

 

   Legacy SSA Products   High Pressure Gas Systems   Ultra Portable Tankless Dive Systems   Redundant Air Tank Systems   Total Company 
   2021   2020   2021   2020   2021   2020   2021   2020   2021   2020 
Net Revenues  $976,904   $1,271,668   $119,392   $78,997   $341,287   $319,994   $121,131   $-   $1,558,714   $1,670,659 
Cost of Revenue  $(644,525)   (763,157)   (84,532)   (45,079)   (362,566)   (182,632)   (92,063)   -    (1,183,686)   (990,868)
Gross Profit   332,379    508,511    34,860    33,918    (21,279)   137,362    29,068    -    375,028    679,791 
Depreciation   4,517    1,950    -    -    5,165    2,419    6,639    -    16,321    4,369 
Income (loss) from Operations  $(312,790)  $135,302   $(3,155)  $(35,063)  $(202,594)  $(41,248)  $(16,025)  $-    (534,564)   58,991