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Segment Reporting
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting

Note 10. Segment Reporting

 

The Company has four operating segments as described below:

 

  1. 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.

 

Three Months Ended

March 31

(unaudited)

   Legacy SSA Products   High Pressure Gas Systems   Ultra Portable Tankless Dive Systems   Redundant Air Tank Systems   Total Company 
   2022   2021   2022   2021   2022   2021   2022   2021   2022   2021 
Net Revenues  $581,109   $466,043   $276,817   $150,128   $794,587   $334,598   $322,456   $        -   $1,974,969   $950,769 
Cost of Revenue   (461,958)   (369,826)   (160,791)   (81,178)   (416,958)   (188,793)   (259,502)   -    (1,299,209)   (639,797)
Gross Profit   119,151    96,217    116,026    68,950    377,629    145,805    62,952    -    675,760    310,972 
Depreciation   4,370    3,812    -    -    4,478    2,418    25,011    -    33,859    6,230 
Income (loss) from operations  $(369,590)  $(444,151)  $40,459   $9,366   $16,762   $(12,385)  $(121,530)  $-    (433,899)  $(447,170)
                                            -      
Total Assets  $1,427,324   $1,503,762   $460,496   $265,604   $1,037,192   $511,621   $1,995,439   $-   $4,920,451   $2,280,987