Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2022 | Aug. 19, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2022 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-99393 | |
Entity Registrant Name | BROWNIE’S MARINE GROUP, INC. | |
Entity Central Index Key | 0001166708 | |
Entity Tax Identification Number | 90-0226181 | |
Entity Incorporation, State or Country Code | FL | |
Entity Address, Address Line One | 3001 NW 25th | |
Entity Address, Address Line Two | Avenue | |
Entity Address, Address Line Three | Suite 1 | |
Entity Address, City or Town | Pompano Beach | |
Entity Address, State or Province | FL | |
Entity Address, Postal Zip Code | 33069 | |
City Area Code | (954) | |
Local Phone Number | 462-5570 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 409,774,099 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash | $ 574,567 | $ 643,143 |
Accounts receivable - net | 276,812 | 123,270 |
Accounts receivable - related parties | 75,122 | 77,301 |
Inventory, net | 2,323,468 | 1,895,260 |
Prepaid expenses and other current assets | 533,540 | 227,458 |
Total current assets | 3,783,509 | 2,966,432 |
Property, equipment and leasehold improvements, net | 292,038 | 270,065 |
Operating Lease Assets | 372,992 | 454,475 |
Intangible Assets, Net | 682,655 | 718,905 |
Goodwill | 249,986 | 249,986 |
Other assets | 17,831 | 14,098 |
Total assets | 5,399,011 | 4,673,961 |
Current liabilities | ||
Accounts payable and accrued liabilities | 1,204,610 | 744,383 |
Accounts payable - related parties | 31,437 | 37,267 |
Customer deposits and unearned revenue | 280,510 | 143,938 |
Other liabilities | 222,373 | 187,924 |
Operating lease liabilities | 214,061 | 232,283 |
Current maturities long term debt | 38,209 | 50,402 |
Notes payable | ||
Convertible debentures, net | ||
Total current liabilities | 1,991,200 | 1,396,197 |
Long term debt | 73,775 | 87,956 |
Long term convertible debentures, net | 341,098 | 339,254 |
Operating lease liabilities | 159,322 | 222,899 |
Total liabilities | 2,565,395 | 2,046,306 |
Commitments and contingent liabilities (see note | ||
Stockholders’ equity | ||
Preferred stock; $0.001 par value: 10,000,000 shares authorized; 425,000 issued and outstanding as of June 30, 2022 and December 31, 2021. | 425 | 425 |
Common stock; $0.0001 par value; 1,000,000,000 shares authorized; 409,774,099 shares issued and outstanding at June 30, 2022 and 393,850,475 shares issued and outstanding at December 31, 2021, respectively. | 40,978 | 39,386 |
Common stock payable 138,941 shares and 138,941 shares, respectively as of June 30, 2022 and December 31, 2021. | 14 | 14 |
Additional paid-in capital | 18,118,191 | 17,132,434 |
Accumulated deficit | (15,317,359) | (14,544,604) |
Accumulated other comprehensive loss | (8,633) | |
Total stockholders’ equity | 2,833,616 | 2,627,655 |
Total liabilities and stockholders’ equity | $ 5,399,011 | $ 4,673,961 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 425,000 | 425,000 |
Preferred stock, shares outstanding | 425,000 | 425,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 409,774,099 | 393,850,475 |
Common stock, shares outstanding | 409,774,099 | 393,850,475 |
Common stock payable | 138,941 | 138,941 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Operations And Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net revenues | ||||
Net revenues | $ 2,110,575 | $ 1,359,745 | $ 3,812,139 | $ 2,106,098 |
Net revenues - related parties | 290,663 | 353,173 | 564,068 | 557,589 |
Total net revenues | 2,401,238 | 1,712,918 | 4,376,207 | 2,663,687 |
Cost of net revenues | ||||
Cost of net revenues | 1,331,847 | 876,646 | 2,453,485 | 1,385,715 |
Cost of net revenues - related parties | 138,025 | 169,699 | 259,199 | 275,130 |
Royalties expense - related parties | 17,824 | 28,013 | 30,613 | 39,606 |
Royalties expense | 50,708 | 41,251 | 94,316 | 54,955 |
Total cost of revenues | 1,538,404 | 1,115,609 | 2,837,613 | 1,755,406 |
Gross profit | 862,834 | 597,309 | 1,538,594 | 908,281 |
Operating expenses | ||||
Selling, general and administrative | 1,177,601 | 823,607 | 2,283,340 | 1,560,642 |
Research and development costs | 4,373 | 21,312 | 8,292 | 42,419 |
Total operating expenses | 1,181,974 | 844,919 | 2,291,632 | 1,603,061 |
Income (Loss) from operations | (319,140) | (247,610) | (753,038) | (694,780) |
Other (income) expense, net | ||||
Gain on settlement of debt | 10,000 | |||
Gain on the forgiveness of PPP loan | 159,600 | 159,600 | ||
Interest expense | (9,523) | (1,795) | (19,716) | (5,606) |
Income (Loss) income before provision for income taxes | (328,663) | (89,805) | (772,754) | (530,786) |
Provision for income taxes | ||||
Net Income (Loss) | (328,663) | (89,805) | (772,754) | (530,786) |
Loss on foreign currency contract | (10,220) | (8,633) | ||
Comprehensive loss | $ (338,883) | $ (89,805) | $ (781,387) | $ (530,786) |
Basic income (loss)per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Basic weighted average common shares outstanding | 406,439,244 | 337,489,134 | 399,061,998 | 314,941,270 |
Diluted income (loss) per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Diluted weighted average common shares outstanding | 406,439,244 | 337,489,134 | 399,061,998 | 314,941,270 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Common Stock Payable [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Beginning balance at Dec. 31, 2020 | $ 425 | $ 30,620 | $ 14 | $ 13,508,882 | $ (12,956,137) | $ 583,804 | |
Beginning balance, shares at Dec. 31, 2020 | 425,000 | 306,185,206 | 138,941 | ||||
Common stock issued for service | $ 312 | 124,688 | 125,000 | ||||
Common stock issued for service, shares | 3,116,279 | ||||||
Stock option expense | 218,505 | 218,505 | |||||
Net Income (Loss) | (440,981) | (440,981) | |||||
Common stock issued for Cash | $ 2,750 | 272,250 | 275,000 | ||||
Common stock issued for Cash, shares | 27,500,000 | ||||||
Common stock issued for conversion of convertible debentures and accrued interest | $ 42 | 14,735 | 14,777 | ||||
Common stock issued for conversion of convertible debentures and accrued interest, shares | 422,209 | ||||||
Ending balance at Mar. 31, 2021 | $ 425 | $ 33,724 | $ 14 | 14,139,060 | (13,397,118) | 776,105 | |
Ending balance, shares at Mar. 31, 2021 | 425,000 | 337,223,694 | 138,941 | ||||
Beginning balance at Dec. 31, 2020 | $ 425 | $ 30,620 | $ 14 | 13,508,882 | (12,956,137) | 583,804 | |
Beginning balance, shares at Dec. 31, 2020 | 425,000 | 306,185,206 | 138,941 | ||||
Net Income (Loss) | (530,786) | ||||||
Stock Issued for Accrued Interest on Convertible Notes | |||||||
Ending balance at Jun. 30, 2021 | $ 425 | $ 34,330 | $ 14 | 14,456,378 | (13,486,923) | 1,004,224 | |
Ending balance, shares at Jun. 30, 2021 | 425,000 | 343,279,052 | 138,941 | ||||
Beginning balance at Dec. 31, 2020 | $ 425 | $ 30,620 | $ 14 | 13,508,882 | (12,956,137) | 583,804 | |
Beginning balance, shares at Dec. 31, 2020 | 425,000 | 306,185,206 | 138,941 | ||||
Ending balance at Dec. 31, 2021 | $ 425 | $ 39,386 | $ 14 | 17,132,434 | (14,544,604) | 2,627,655 | |
Ending balance, shares at Dec. 31, 2021 | 425,000 | 393,850,475 | 138,941 | ||||
Beginning balance at Mar. 31, 2021 | $ 425 | $ 33,724 | $ 14 | 14,139,060 | (13,397,118) | 776,105 | |
Beginning balance, shares at Mar. 31, 2021 | 425,000 | 337,223,694 | 138,941 | ||||
Stock option expense | 257,370 | 257,370 | |||||
Net Income (Loss) | (89,805) | (89,805) | |||||
Common stock issued for conversion of convertible debentures and accrued interest | $ 606 | 59,948 | 60,554 | ||||
Common stock issued for conversion of convertible debentures and accrued interest, shares | 6,055,358 | ||||||
Ending balance at Jun. 30, 2021 | $ 425 | $ 34,330 | $ 14 | 14,456,378 | (13,486,923) | 1,004,224 | |
Ending balance, shares at Jun. 30, 2021 | 425,000 | 343,279,052 | 138,941 | ||||
Beginning balance at Dec. 31, 2021 | $ 425 | $ 39,386 | $ 14 | 17,132,434 | (14,544,604) | 2,627,655 | |
Beginning balance, shares at Dec. 31, 2021 | 425,000 | 393,850,475 | 138,941 | ||||
Shares issued for the exercise of warrants | $ 1,060 | 263,940 | 265,000 | ||||
Shares issued for the exercise of warrants, shares | 10,600,000 | ||||||
Common stock issued for service | $ 120 | 35,380 | 35,500 | ||||
Common stock issued for service, shares | 1,206,318 | ||||||
Stock option expense | 230,034 | 230,034 | |||||
Net Income (Loss) | (444,092) | (444,092) | |||||
Other Comprehensive Loss | 1,587 | 1,587 | |||||
Ending balance at Mar. 31, 2022 | $ 425 | $ 40,566 | $ 14 | 17,661,788 | 1,587 | (14,988,696) | 2,715,684 |
Ending balance, shares at Mar. 31, 2022 | 425,000 | 405,656,793 | 138,941 | ||||
Beginning balance at Dec. 31, 2021 | $ 425 | $ 39,386 | $ 14 | 17,132,434 | (14,544,604) | $ 2,627,655 | |
Beginning balance, shares at Dec. 31, 2021 | 425,000 | 393,850,475 | 138,941 | ||||
Shares issued for the exercise of warrants, shares | |||||||
Net Income (Loss) | $ (772,754) | ||||||
Stock Issued for Accrued Interest on Convertible Notes | (23,048) | ||||||
Ending balance at Jun. 30, 2022 | $ 425 | $ 40,978 | $ 14 | 18,118,191 | (8,633) | (15,317,359) | 2,833,616 |
Ending balance, shares at Jun. 30, 2022 | 425,000 | 409,774,099 | 138,941 | ||||
Beginning balance at Mar. 31, 2022 | $ 425 | $ 40,566 | $ 14 | 17,661,788 | 1,587 | (14,988,696) | 2,715,684 |
Beginning balance, shares at Mar. 31, 2022 | 425,000 | 405,656,793 | 138,941 | ||||
Common stock issued for service | $ 30 | 11,970 | 12,000 | ||||
Common stock issued for service, shares | 302,953 | ||||||
Stock option expense | 290,707 | 290,707 | |||||
Net Income (Loss) | (328,663) | (328,663) | |||||
Other Comprehensive Loss | (10,220) | (10,220) | |||||
Common stock issued for Cash | $ 308 | 119,692 | 120,000 | ||||
Common stock issued for Cash, shares | 3,084,831 | ||||||
Stock Issued for Accrued Interest on Convertible Notes | $ 45 | 23,003 | 23,048 | ||||
Stock Issued for Accrued Interest on Convertible Notes, Shares | 449,522 | ||||||
Stock Issued for Employee Bonus | $ 28 | 11,032 | 11,060 | ||||
Stock Issued for Employee Bonus, Shares | 280,000 | ||||||
Ending balance at Jun. 30, 2022 | $ 425 | $ 40,978 | $ 14 | $ 18,118,191 | $ (8,633) | $ (15,317,359) | $ 2,833,616 |
Ending balance, shares at Jun. 30, 2022 | 425,000 | 409,774,099 | 138,941 |
Condensed Consolidated Statem_3
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Cash flows provided by operating activities: | ||
Net loss | $ (772,754) | $ (530,786) |
Adjustments to reconcile net loss to cash used in operating activities: | ||
Depreciation and amortization | 66,802 | 13,396 |
Amortization of debt discount | 1,844 | |
Amortization of right-of-use asset | 104,777 | 51,581 |
Shares issued for services | 47,501 | 125,000 |
Reserve (recovery) for bad debt | 28,554 | |
Reserve for slow moving inventory | 26,217 | |
Stock Based Compensation - Options | 520,739 | 475,875 |
Stock based compensation - stock grant | 11,060 | |
Shares issued for accrued interest in convertible notes | 23,048 | |
Gain on Settlement of Debt | (10,000) | |
Gain on forgiveness of PPP loan | (159,600) | |
Changes in operating assets and liabilities | ||
Change in accounts receivable, net | (153,542) | (179,482) |
Change in accounts receivable - related parties | 2,179 | (109,001) |
Change in inventory | (345,004) | (120,940) |
Change in prepaid expenses and other current assets | (306,081) | (250,909) |
Change in other assets | (3,733) | 3,000 |
Change in accounts payable and accrued liabilities | 460,227 | 217,684 |
Change in customer deposits and unearned revenue | 136,572 | (7,787) |
Change in long term lease liability | (105,093) | 23,938 |
Change in other liabilities | 15,815 | (51,581) |
Change in accounts payable - related parties | (5,831) | 84,220 |
Net cash used in operating activities | (275,257) | (396,838) |
Cash flows used in investing activities: | ||
Cash used in asset acquisition | (30,000) | |
Purchase of fixed assets | (1,946) | (14,591) |
Net cash used in investing activities | (31,946) | (14,591) |
Proceeds from issuance of units | 275,000 | |
Proceeds from exercise of Warrants | 265,000 | |
Repayment on notes payable | (25,000) | |
Repayment of debt | (26,373) | (22,096) |
Net cash provided by financing activities | 238,627 | 227,904 |
Net change in cash | (68,576) | (183,525) |
Cash, beginning balance | 643,143 | 345,187 |
Cash, end of period | 583,765 | 161,662 |
Supplemental disclosures of cash flow information: | ||
Cash Paid for Interest | 19,716 | 4,344 |
Cash Paid for Income Taxes | ||
Supplemental disclosure of non-cash financing activities: | ||
Operating lease obtained for operating lease liability | 23,294 | |
Shares issued for asset acquisition | 120,000 | |
Shares issued for payment of convertible note interest | 23,048 | |
Fixed asset purchase down payment through the issuance of debt | 37,098 | |
Shares issued for the conversion of convertible debentures and accrued interest | $ 75,331 |
Company Overview
Company Overview | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Company Overview | Note 1. Company Overview Brownie’s Marine Group, Inc. (the “Company”) designs, tests, manufactures and distributes recreational hookah diving, scuba and water safety products through its wholly owned subsidiary, Trebor Industries, Inc., a Florida corporation, incorporated in 1981 (“Trebor” or “BTL”), manufactures and sells high pressure air and industrial compressor packages, yacht based scuba air compressor and nitrox generation systems through its wholly owned subsidiary, Brownie’s High Pressure Compressor Services, Inc., a Florida corporation incorporated in 2017 (“BHP”) and doing business as LW Americas (“LWA”) and develops and markets portable battery powered surface supplied air dive systems through its wholly owned subsidiary BLU3, Inc., a Florida corporation (“BLU3”). On September 3, 2021, the Company, entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) with Submersible Acquisition, Inc., a Florida corporation incorporated in 2017, and wholly owned subsidiary of the Company (“Acquisition Sub”), Submersible Systems, Inc., a Florida corporation (“Submersible” or “SSI”), and Summit Holdings V, LLC, a Florida limited liability company (“Summit”) and Tierra Vista Group, LLC, a Florida limited liability company (“Tierra Vista” and, together with Summit, the “Sellers”), the owners of all of the capital stock of Submersible, pursuant to which Acquisition Sub merged with and into Submersible (the “Merger”), and Submersible, the surviving corporation, became a wholly owned subsidiary of the Company. Submersible is a manufacturer of high pressure tanks and redundant air systems for the military and recreational diving industries, based in Huntington Beach, California and sells its products to governments, militaries, private companies and the dive industry throughout the world. On February 13, 2022 the Company filed with the Florida Department of State, the articles of incorporation for a new wholly owned subsidiary, Live Blue, Inc. (“LBI”). LBI utilizes technology developed by BLU3 to provide new users and interested divers a guided tour experience. On May 2, 2022, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Gold Coast Scuba, LLC, a Florida limited liability company (“Gold Coast Scuba”), Steven M. Gagas and William Frenier, the sole members of Gold Coast Scuba (together, the “LLC Members”) and LBI. Pursuant to the terms of the Asset Purchase Agreement, LBI acquired substantially all of Gold Coast Scuba’s assets and assumed certain non-material liabilities of the business associated with these assets. In addition, LBI assumed the lease for the premises for Gold Coast Scuba as part of this asset acquisition . |
Basis of Presentation and Summa
Basis of Presentation and Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Summary of Significant Accounting Policies | Note 2. Basis of Presentation and Summary of Significant Accounting Policies Basis of Presentation The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The balance sheet as of December 31, 2021 has been derived from the Company’s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2021 for a broader discussion of our business and the risks inherent in such business. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Trebor, BHP, BLU3, SSI and LBI. All significant intercompany transactions and balances have been eliminated in consolidation. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents Only highly liquid investments with original maturities of 90 days or less are classified as cash and equivalents. These investments are stated at cost, which approximates market value. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 22,700 205,500 Foreign Currency Forward Contracts We use foreign currency forward contracts to hedge specific forecasted transactions denominated in foreign currencies, manage exchange rate volatility in the translation of foreign earnings, and reduce exposures to foreign currency fluctuations of certain assets and liabilities denominated in foreign currencies. The foreign currency forward hedging contracts outstanding as of June 30, 2022 have settlement dates within 6 months. The spot rate components of these foreign currency forward contracts are designated as cash flow hedges and any unrealized gains or losses are reported in other comprehensive income and reclassified to the Consolidated Statement of Income in the same periods during which the underlying hedged transactions affect earnings. If a hedging relationship is terminated with respect to a foreign currency forward contract, accumulated gains or losses associated with the contract remain in OCI until the hedged forecasted transaction occurs and are reclassified to operations in the same periods during which the underlying hedged transactions affect earnings. Foreign currency forward contracts entered into to hedge cost of goods purchases were as follows as of June 30, 2022 and December 31, 2021: Schedule of Foreign Currency Forward Contracts Notional Amount Foreign Currency June 30, 2022 December 31, 2021 Euro $ 181,615 - Total $ 181,615 $ - Accounts receivable Accounts receivable consist of amounts due from the sale of all of our products to wholesale and retail customers. The allowance for doubtful accounts is estimated based on historical customer experience and industry knowledge. The allowances for doubtful accounts totaled $ 46,555 46,555 Inventory Inventory consists of the following: Schedule of Inventory June 30, 2022 December 31, In-Transit inventory $ 204,562 $ 130,000 Raw materials 1,000,674 1,144,190 Work in process 84,243 99,858 Finished goods 985,387 521,212 Rental Equipment 48,602 - Inventory, net $ 2,323,468 $ 1,895,260 Revenue Recognition We account for revenues in accordance with Accounting Standards Codification (ASC) 606, “Revenue from Contracts with Customers” and all the related amendments. This standards core principle is that a company should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to receive. We recognize the sale of products under single performance obligations upon shipment of the units as that is when ownership is transferred and our performance is completed. Revenues from repair and maintenance activities is recognized when the repairs are completed and the units have been shipped. Lease Accounting We account for leases in accordance with ASC 842, “Leases”. The lease standard requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of June 30, 2022. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease. Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the leases. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term. When we have the option to extend the lease term, terminate the lease for the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease. For the three and six months ended June 30, 2022 the lease expenses were approximately $ 64,500 128,700 43,000 78,000 128,400 32,900 Supplemental balance sheet information related to leases was as follows: Schedule of Supplemental Balance Sheet Information Operating Leases June 30, 2022 (unaudited) Right-of-use assets $ 372,992 Current lease liabilities $ 214,061 Non-current lease liabilities 159,322 Total lease liabilities $ 373,383 Stock-Based Compensation We account for stock-based compensation in accordance with ASC 718, “Compensation-Stock Compensation”. ASC 718 requires companies to measure the cost of employee and non-employee services received in exchange for an award of equity instruments, including stock options, based on the grant-date fair value of the award and to recognize it as compensation expense over the period the employee and non-employee are required to provide service in exchange for the award, usually the vesting period. Loss per common share Basic earnings per share excludes any dilutive effects of options, warrants and convertible securities. Basic earnings per share is computed using the weighted-average number of outstanding common shares during the applicable period. Diluted earnings per share is computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. At June 30, 2022 and June 30, 2021, 245,847,251 205,855,020 Recent accounting pronouncements ASU 2016-13 Current Expected Credit Loss (ASC326) In December 2021, the FASB issued and update to ASU No. 2016-13 the Current Expected Credit Losses (CECL) standard (ASC 326), which is designed to provide greater transparency and understanding of credit risk by incorporating estimated, forward-looking data when measuring lifetime Estimated Credit Losses (ECL) and requires enhanced financial statement disclosures. This guidance is effective January 1, 2023. The Company is evaluating the changes from this standard to determine the impact on its consolidated financial statements and related disclosures ASU 2019-12 Income Taxes (Topic 740) In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company determined that the standard has no impact on its consolidated financial statements and related disclosures. |
Going Concern
Going Concern | 6 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 3. Going Concern The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates realization of assets and the satisfaction of liabilities in the normal course of business for the twelve-month period following the date of these consolidated financial statements. For the six months ended June 30, 2022, the Company incurred a net loss of $ 772,754 520,739 15,317,359 1,792,309 |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 4. Related Party Transactions The Company sells products to Brownies Southport Divers, Brownies Yacht Toys and Brownies Palm Beach Divers, companies owned by the brother of Robert Carmichael, the Company’s President and Chief Financial Officer. Terms of sale are no more favorable than those extended to any of the Company’s other customers with similar sales volumes. These entities accounted for 12.1 20.6 12.9 20.9 72,344 75,792 The Company sells products to BGL and 940 A, entities wholly-owned by Robert Carmichael. Terms of sale are more favorable than those extended to the Company’s regular customers, but no more favorable than those extended to the Company’s strategic partners. Accounts receivable from these entities totaled $ 446 1,509 The Company has an outstanding accounts receivable to Charles Hyatt for $ 2,332 0 The Company had accounts payable to related parties of $ 31,437 37,267 18,405 10,051.92 2,980 5,000 32,267 The Company has exclusive license agreements with 940 A to license the trademark “Brownies Third Lung”, “Tankfill”, “Brownies Public Safety” and various other related trademarks as listed in the agreements. The agreements provide that the Company pay 940 A 2.5 17,824 28,031 30,613 39,606 11,800 On February 2, 2022, the Company issued Charles Hyatt, a director, 10,000,000 0.025 250,000 On February 2, 2022, the Company issued Grace Hyatt, the adult child of Charles Hyatt, a director, 600,000 0.025 15,000 |
Convertible Promissory Notes an
Convertible Promissory Notes and Notes Payable | 6 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
Convertible Promissory Notes and Notes Payable | Note 5. Convertible Promissory Notes and Notes Payable Convertible Promissory Notes Convertible promissory notes consisted of the following at June 30, 2022: Schedule of Convertible Debentures Origination Maturity Interest Origination Original Period Period Period Accrued Reg. 12/01/17 12/31/21 6 % 50,000 (12,500 ) - - - - (1 ) 12/05/17 12/31/21 6 % 50,000 (12,500 ) - - - (2 ) 9/03/21 9/03/24 8 % 346,500 (12,355 ) 346,500 (8,815 ) 337,685 - (3 ) 9/03/21 9/03/24 8 % 3,500 (125 ) 3,500 (87 ) 3,413 - (4 ) $ 350,000 $ (8,902 ) $ 341,098 $ - (1) On December 1, 2017, the Company issued a 6 50,000 December 1, 2018 The conversion price of the note initially ranged from $ 0.02 0.125 9.99 0.01 32,000 10,554 6,055,358 (2) On December 5, 2017, the Company entered into a 6 50,000 December 4, 2018 The conversion price under the note initially ranged from $ 0.02 0.125 9.99 0.01 99,000 11,145 6,114,516 (3) On September 3, 2021, the Company issued a three-year 8 346,550 50 0.051272 0.051272 12,355 (4) On September 3, 2021, the Company issued a three-year 8 3,500 50 0.051272 0.051272 125 Loan Payable Marlin Note On September 30, 2019 the Company, through its wholly owned subsidiary BLU3, executed an equipment finance agreement for the purchase of certain plastic molding equipment through Marlin Capital Solutions. The initial principal balance was $ 96,725 36 3,144 12,305 Schedule of Future Amortization of Loans Payable Payment Amortization 2022 (6 months remaining) 12,305 2023 - 2024 - 2025 - 2025 and thereafter - 2026 - Total Loan Payments $ 12,305 Current portion of Loan payable (12,305 ) Non-Current Portion of Loan Payable $ - Mercedes Benz Note On August 21, 2020, the Company executed an installment sales contract with Mercedes Benz Coconut Creek for the purchase of a 2019 Mercedes Benz Sprinter delivery van. The installment agreement was for $ 55,841 60 931 37,538 Schedule of Future Amortization of Loans Payable Payment Amortization 2022 (6 months remaining) $ 6,825 2023 $ 11,168 2024 $ 11,168 2025 and thereafter $ 8,684 Total note payments $ 37,538 Current portion of note payable $ (11,168 ) Non-Current Portion of notes payable $ 26,370 Navitas Note On May 19, 2021 the Company, through its wholly owned subsidiary BLU3, executed an equipment finance agreement for the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $ 79,309 60 1,611 Schedule of Future Amortization of Loans Payable Payment Amortization 2022 (6 months remaining) 6,139 2023 15,342 2024 16,629 2025 18,204 2026 6,007 Total Note Payments $ 62,141 Current portion of Note payable (14,736 ) Non-Current Portion of Note Payable $ 47,405 Alliance Lease On January 19, 2022, SSI entered into a capital lease with Alliance Funding Group (“lessor”) to secure a new piece of essential equipment for its operations. The lease has a 36 3,522 At the end of the lease SSI has the option to purchase the equipment for $ 3,522 108,675 54,000 6,300 |
Business Combination
Business Combination | 6 Months Ended |
Jun. 30, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
Business Combination | Note 6. Business Combination Merger with Submersible Systems, Inc. On September 3, 2020, the Company completed its merger with SSI. Under the terms of the Merger Agreement, the Company paid $ 1.79 27,305,442 1.4 8 350,000 27,305,442 Summary of Holding Period and Shares Eligible To Sold Holding Period Percentage of shares 6 Up to 12.5 9 Up to 25.0 24 Up to 75.0 36 Up to 100.0 The leak-out restriction may be waived by the Company, upon written request by a Seller, if the Company’s common stock is trading on the NYSE American or Nasdaq, and has a rolling 30-day average trading volume of 50,000 provided, however The transaction costs associated with the Merger were $ 65,000 40,000 1,190,476 55,952 Fair Value of Consideration Transferred and Recording of Assets Acquired The following table summarizes the acquisition date fair value of the consideration paid, identifiable assets acquired, and liabilities assumed, including an amount for goodwill: Schedule of Recognized Identified Assets Acquired and Liabilities Assumed Common stock, 27,305,442 $ 1,449,919 8% unsecured, convertible promissory note payable to seller 350,000 Total purchase price $ 1,799,919 Tangible assets acquired $ 1,101,604 Liabilities assumed (294,671 ) Net tangible assets acquired 806,933 Identified Intangible Assets Customer relationships $ 600,000 Trademarks 121,000 Non-compete agreements 22,000 Total intangible assets 743,000 Goodwill $ 249,986 Total purchase price $ 1,799,919 The value of the stock was calculated based on the volume weighted average price (“VWAP”) of a share of the Company’s common stock on the OTC Markets for (i) 180 days prior to the date of the parties’ execution and delivery of the binding term sheet for the Merger or (ii) 180 days prior to the closing date of the Merger, whichever results in a lower VWAP which resulted in a conversion price of $ 0.051271831 27,305,442 1,449,919 Inventory was assessed at the time of closing as to its fair value, and it was determined that a step-up analysis was necessary in order to evaluate the fair value of the inventory at the time of closing. The step up represents the net profit that would be attained when the inventory is sold. The key assumptions used in this analysis is a gross margin of 38.3% and selling costs of 5.0%, The analysis resulted in a necessary step up of $31,000 at the time of closing. Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the acquisition is attributable to the value of the potential expanded market opportunity with new customers. The goodwill is not expected to be deductible for tax purposes. As of June 30, 2022, the Company recorded an estimated fair value of the intangible assets and goodwill of $ 992,986 Asset acquisition Gold Coast Scuba, LLC On May 2, 2022, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Gold Coast Scuba, LLC, a Florida limited liability company (“Gold Coast Scuba”), Steven M. Gagas and William Frenier, the sole members of Gold Coast Scuba (together, the “LLC Members”) and Live Blue, Inc. Pursuant to the terms of the Asset Purchase Agreement, Live Blue acquired substantially all of Gold Coast Scuba’s assets and assumed certain non-material liabilities of the business associated with these assets. In addition, LBI assumed the lease for the premises for Gold Coast Scuba as part of this asset acquisition. In consideration for the assets purchased, the Company paid $ 150,000 to the LLC Members. The purchase price was paid by (a) issuance to the LLC Members of an aggregate of 3,084,831 shares of the Company’s common stock (the “Consideration Shares”) with a fair market value of $ 120,000 30,000 . The Consideration Shares are subject to leak out agreements whereby the shareholders are unable to sell or transfer shares based upon the following: Summary of Holding Period and Shares Eligible To Sold Holding Period Percentage of shares 6 Up to 25.0% 9 Up to 50.0% 12 Up to 100.0% The leak-out restriction may be waived by the Company, upon written request by a Seller, if the Company’s common stock is trading on the NYSE American or Nasdaq, and has a rolling 30-day average trading volume of 50,000 shares per day; provided, however The transaction costs associated with the acquisition were $ 10,000 Fair Value of Consideration Transferred and Recording of Assets Acquired The following table summarizes the asset acquisition date fair value of the consideration paid, identifiable assets acquired, including an amount for overpayment and transaction fees: Summary of Asset Acquisition Book Value Overpayment Allocation Transaction Cost Allocation Fair Value Rental Inventory $ 23,408 $ 22,156 $ 3,038 $ 48,602 Fixed Assets 24,360 23,058 3,161 50,579 Retail Inventory 29,292 27,726 3,801 60,819 Total Cost $ 77,060 $ 72,940 $ 10,000 $ 160,000 Pro Forma Information The following unaudited pro forma information assumes all business combinations occurred on January 1, 2021. For all of the business acquisitions depreciation and amortization have been included in the calculation of the below pro forma information based upon the actual acquisition costs. Schedule of Business Acquisition, Pro Forma Information Three months ended June 30, 2021 Six months ended Revenue $ 2,423,956 $ 3,730,805 Net Loss $ (340,186 ) $ (842,500 ) Basic and Diluted Loss per Share $ (0.00 ) $ (0.00 ) Basic and Diluted Weighted Average Common Shares Outstanding 367,879,407 345,331,543 The information included in the pro forma amounts is derived from historical information obtained from the sellers of the businesses. The pro forma amounts above for basic and diluted weighted average shares outstanding have been adjusted to include the stock issued in connection with the acquisition of SSI and the assets of LBI. Pro Forma Information The following unaudited pro forma information assumes all business acquisitions occurred on January 1, 2022. For all of the business acquisitions depreciation and amortization have been included in the calculation of the below pro forma information based upon the actual acquisition costs. The information included in the pro forma amounts is derived from historical information obtained from the sellers of the businesses. The pro forma amounts for basic and diluted weighted average shares outstanding have been adjusted to include the stock issued in connection with the acquisition of Gold Coast Scuba. Schedule of Business Acquisition, Pro Forma Information Three months ended June 30, 2022 Six months ended Revenue $ 2,423,956 $ 4,452,986 Net Loss $ (326,829 ) $ (829,143 ) Basic and Diluted Loss per Share $ (0.00 ) $ (0.00 ) Basic and Diluted Weighted Average Common Shares Outstanding 409,524,075 402,146,829 |
Goodwill and Intangible Assets,
Goodwill and Intangible Assets, Net | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets, Net | Note 7. Goodwill and Intangible Assets, Net The following table sets for the changes in the carrying amount of the Company’ Goodwill for the quarter ended June 30, 2022. Summary of Changes in Goodwill 2022 Balance, January 1 $ 249,986 Addition: - Balance, June 30 $ 249,986 The following table sets for the components of the Company’s intangible assets at June 30, 2022: Summary of Intangible Assets Amortization Period (Years) Cost Accumulated Amortization Net Book Value Intangible Assets Subject to amortization Trademarks 15 $ 121,000 $ (6,678 ) $ 114,322 Customer Relationships 10 600,000 (50,000 ) 550,000 Non-Compete Agreements 5 22,000 (3,667 ) 18,333 Total $ 743,000 $ (60,354 ) $ 682,655 The aggregate amortization remaining on the intangible assets as of June 30, 2022 is a follows: Schedule of Estimated Intangible Assets Amortization Expenses Intangible Amortization 2022 (6 months remaining) $ 36,225 2023 72,467 2024 72,467 2025 72,467 2026 71,367 Thereafter 357,662 Total $ 682,655 |
Shareholders_ Equity
Shareholders’ Equity | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
Shareholders’ Equity | Note 8. Shareholders’ Equity Common Stock On January 17, 2022, the Company issued a law firm 1,000,000 27,500 On January 31, 2022, the Company issued a consultant 121,212 4,000 On February 2, 2022, the Company issued Charles Hyatt, a director, 10,000,000 0.025 250,000 On February 2, 2022, the Company issued Grace Hyatt, the adult child of Charles Hyatt, a director, 600,000 0.025 15,000 On February 28, 2022, the Company issued a consultant, 85,106 4,000 On May 3, 2022, the Company issued 3,084,831 120,000 On May 31, 2022, the Company issued a consultant, 302,953 12,000 As of June 30, 2022, the Company issued 449,522 23,048 On June 17, 2022, the Company issued 280,000 11,060 Preferred Stock During the second quarter of 2010, the holders of the majority of the Company’s outstanding shares of common stock approved an amendment to the Company’s Articles of Incorporation authorizing the issuance of 10,000,000 425,000 18.23 Series A Convertible Preferred Stock are entitled to 250 votes for each share held. 425,000 Equity Incentive Plan On May 26, 2021 the Company adopted an Equity Incentive Plan (the “Plan”). Under the Plan, stock options may be granted to employees, directors, and consultants in the form of incentive stock options or non-qualified stock options, stock purchase rights, time vested and/performance invested restricted stock, and stock appreciation rights and unrestricted shares may also be granted under the Plan. 25,000,000 Equity Compensation Plan Information as of June 30, 2022: Schedule of Equity Compensation Plan Information Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) Weighted – average exercise price of outstanding options, warrants and rights (b) Number of securities remaining available for future issuances under equity compensation plans (excluding securities reflected in column (a) (c) Equity Compensation Plans Approved by Security Holders 3,592,647 $ .0401 21,407,353 Equity Compensation Plans Not Approved by Security Holders — — — Total 3,592,647 $ .0401 21,407,353 Options On April 14, 2020, the Company entered into a Non-Qualified Stock Option Agreement with Robert Carmichael (the “Carmichael Option Agreement”). Under the terms of the Carmichael Option Agreement, as additional compensation, the Company granted Mr. Carmichael an option (the “Carmichael Option”) to purchase up to an aggregate of 125,000,000 0.045 75,000,000 50,000,000 ● the right to purchase 25,000,000 3,500,000 ● the right to purchase an additional 25,000,000 7,000,000 ● the right to purchase an additional 25,000,000 10,500,000 The Carmichael Option Agreement provides that the Carmichael Option is exercisable by Mr. Carmichael on a cashless basis. The Carmichael Option is not transferrable by Mr. Carmichael, and he must remain an employee of the Company as an additional term of vesting. Once a portion of the Carmichael Option vests, it is exercisable by Mr. Carmichael for 90 days. Any portion of the Carmichael Option which does not vest during the Net Revenue Period lapses and Mr. Carmichael has no further rights thereto. The fair value of the Carmichael Option on the date of the grant was $ 4,370,109 .26 1.5 0 320 25,000,000 25,000,000 218,505 437,010 On November 5, 2020, the Company entered into a Non-Qualified Stock Option agreement with Christopher Constable (the “Constable Option Agreement”) as part of his employment agreement. As part of the Constable Option Agreement, the Company granted Mr. Constable an option (the “Bonus Option”) to purchase up to an aggregate of 30,000,000 0.0184 10,000,000 20,000,000 As part of the Constable Option Agreement, the Company also granted Mr. Constable an option (the “Bonus Option”) to purchase up to an aggregate of 30,000,000 0.0184 10,000,000 20,000,000 ● the right to purchase 2,000,000 5,000,000 ● the right to purchase an additional 3,000,000 7,500,000 ● the right to purchase an additional 5,000,000 10,000,000 The Constable Option Agreement provides that the Compensation Options and Bonus Options are exercisable by Mr. Constable on a cashless basis. The Constable Option is not transferrable by Mr. Constable, and he must remain an employee of the Company as an additional term of vesting. Once a portion of the Constable Option vests, it is exercisable by Mr. Constable for four years. The fair value of the Bonus Options on the date of the grant was $ 578,082 .14 2.0 0 312.2 121,668 38,934 38,934 On June 14, 2021, the Company issued options to purchase up to an aggregate of 1,125,000 0.036 four years 12.5 two years 38,369 .21 2 0 304.77 4,142 8,284 On August 1, 2021 as part of the Blake Carmichael Employment Agreement (as defined below), the Company granted Blake Carmichael a five 3,759,400 0.0399 33.3% upon the execution of the agreement, 33% at the first anniversary date and 33% upon the second anniversary date. 149,076 .25 2.5 0 346.36 49,692 As part of the Blake Carmichael Agreement, the Company granted Blake Carmichael a five 18,000,000 713,777 0.25 2.5 0 346.36 0.0399 500,000 During the third quarter of 2021, the Company issued options to purchase up to an aggregate of 175,000 .044 .049 three four years one two years 7,149 .155 .20 1.5 2 0 249.38 287.12 1,494 2,989 On September 3, 2021, the Company issued options to purchase up to an aggregate of 300,000 0.053 five years 12.5 two years 15,814 0.315 2.5 0 339.21 1,977 3,953 In connection with the Buban Employment Agreement, the Company granted Ms. Buban that will grant Ms. Buban a five-year option (the “Buban Bonus Option”) to purchase up to 7,110,000 374,786 .3150 2.5 0 339.21 0.0531 On September 3, 2021 the Company issued options to purchase up to an aggregate of 500,000 0.0531 12.5 two years 25,201 0.21 2 0 276.1 3,150 6,300 During the fourth quarter of 2021, the Company issued options to purchase up to an aggregate of 100,000 .040 .0419 four years 3,863 .204 2 0 249.38 287.12 483 966 On November 5, 2021, the Company entered into a non-qualified stock option agreement with Christopher Constable (the “Constable Option Agreement”) as part of his employment agreement. Under the terms of the option agreement, the Company granted Mr. Constable an immediately exercisable five-year option to purchase 2,403,846 0.041 98,976 .53 2.5 0 269.12 On January 21, 2022, the Company issued options to purchase up to an aggregate of 75,000 0.032 four years two years 2,259 1.016 2 0 266.8 283 565 During the three months ended June 30, 2022, the Company issued options to purchase up to an aggregate of 217,647 .038 .045 four years 8,239 2.495 2.602 2 0 228.7 232.7 1,030 1,030 On April 8, 2022, the Company issued an option to purchase up to 300,000 .0406 four years 10,988 2.469 2 0 232.41 10,988 10,988 On May 16, 2022, the Company issued an option to purchase up to 1,000,000 .0325 29,161 2.590 2 0 228.97 9,720 9,720 A summary of the Company’s outstanding stock options as of December 31, 2021, and changes during the three months ended June 30, 2022 is presented below: Schedule of Option Activity Number of Weighted Weighted Aggregate Outstanding – December 31, 2021 233,128,266 $ 0.0362 2.23 $ 795,201 Granted 1,592,647 0.0353 Forfeited (125,000 ) Exercised - - Outstanding – June 30, 2022 (unaudited) 234,595,913 $ 0.0362 1.75 Exercisable – June 30, 2022 (unaudited) 105,200,664 $ 0.0322 1.60 $ 1,022,422 Warrants On September 1, 2021, the Company issued Charles F. Hyatt, a director, 10,000,000 0.025 250,000 On September 1, 2021, the Company issued Ms. Grace Hyatt, the adult child of Charles Hyatt, 600,000 0.025 15,000 In September, 2021, the Company issued 4,000,000 0.025 100,000 On February 2, 2022, the Company issued Charles Hyatt, a director, 10,000,000 0.025 250,000 On February 2, 2022, the Company issued Grace Hyatt, the adult child of Charles Hyatt, a director, 600,000 0.025 15,000 A summary of the Company’s warrants as of December 31, 2021 and changes during the six months ended June 30, 2022 is presented below: Schedule of Warrants Activity Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding – December 31, 2021 14,600,000 $ 0.025 1.67 $ 153,300 Granted Exercised (10,600,000 ) $ 0.025 Forfeited or Expired - Outstanding – June 30, 2022 4,000,000 $ 0.025 1.19 Exercisable – June 30, 2022 4,000,000 $ 0.025 1.19 $ 56,000 |
Commitments and contingencies
Commitments and contingencies | 6 Months Ended |
Jun. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and contingencies | Note 9. Commitments and contingencies On August 14, 2014, the Company entered into a thirty-seven month 5,367 4,000 10.76% 2,000 September 30, 2024 4,626 3% On January 4, 2018, the Company entered into a sixty-one month 9,300 2.5% 8,450 On November 11, 2018, the Company entered a sixty-nine month 8,025 6,527 4,848 3% 10.11% 1,679 On June 30, 2020, the Company entered into Amendment No. 2 to its Patent License Agreement with Setaysha Technical Solutions, LLC (“STS”). The amendment set certain limits and expectations of the assistance from STS related to designing and commercializing certain diving products and revised the royalty payments due to STS as consideration for uncompensated services. The Company is obligated to pay STS a minimum yearly royalty of $ 60,000 15,000 2.15% 60,000 180,000 200,174 60,000 15,000 50,708 41,251 94,316 54,955 On June 9, 2020, the Company entered into a one-year advertising and marketing agreement with Figment Design for $ 8,840 On November 5, 2020, the Company entered into a three-year employment agreement with Christopher Constable (the “Constable Employment Agreement”) pursuant to which Mr. Constable serves as Chief Executive Officer of the Company. Previously, Mr. Constable had provided advisory services to the Company through an agreement with Brandywine LLC. In consideration for his services, Mr. Constable shall receive (i) an annual base salary of $ 200,000 100,000 5,434,783 0.0184 2,403,846 0.0401 In addition, Mr. Constable shall be entitled to receive four-year stock options to purchase shares of common stock at an exercise price equal to $ 0.0184 2,000,000 5,000,000 3,000,000 7,500,000 5,000,000 10,000,000 20,000,000 On March 1, 2021, the Company entered into an investor relations consulting agreement with BGM Equity Partners, LLC. The term of the agreement is twelve months. As compensation, the Company issued 3,000,000 120,000 On August 1, 2021, the Company and Blake Carmichael entered into a three-year employment agreement (the “Blake Carmichael Employment Agreement”) pursuant to which Mr. Carmichael shall serve as Chief Executive Officer of BLU3. In consideration for his services, Blake Carmichael shall receive (i) an annual base salary of $ 120,000 five-year 3,759,400 0.0399 33.3% of which shares vest immediately, 33.3% vest on the second anniversary, and 33.3% vest on the third anniversary of the agreement In addition, Blake Carmichael shall be entitled to receive a five 18,000,000 0.0399 On August 6, 2021, the Company entered into a six-month, non-exclusive mergers and acquisitions services agreement with Newbridge Securities Corporation which provides for a 7% 2,000,000 6% 2,000,000 On September 3, 2021, SSI and Christeen Buban entered into a three-year employment agreement (the “Buban Employment Agreement”) pursuant to which Ms. Buban shall serve as the President of SSI. In consideration for her services, Mrs. Buban shall receive (i) an annual base salary of $ 110,000 10,800 five 300,000 0.0531 In addition, Mrs. Buban shall be entitled to receive a five-year stock option to purchase up to 7,110,000 0.0531 On January 17, 2022, the Company entered into an agreement with The Crone Law Group, PC (“CLG”) for the provision of legal services. In consideration therefor, the Company will pay CLG a monthly flat fee of $ 3,000 1,000,000 27,500 On May 2, 2022, the Company entered into a two-year employment agreement with Steven Gagas (the “Gagas Employment Agreement”) pursuant to which Mr. Gagas shall serve as the General Manager of the dive shop currently operating within LBI. In consideration for his services Mr. Gagas shall receive an annual salary of $ 50,000 On May 2, 2022, LBI, entered into a lease assignment agreement with Gold Coast Scuba, LLC and Vicnsons Realty Group, LLC whereby LBI is the assignee to the remainder of the lease for the property located at 259 Commercial Blvd, Suites 2 and 3 in Lauderdale-By-The Sea, Florida. The lease is in its third year of a three year term and has a $ 2,816 3.5% Legal The Company was a defendant in an action, Basil Vann, as Personal Representative of the Estate of Jeffrey William Morris v. Brownie’s Marine Group, Inc., filed on May 6, 2019 in the Circuit Court of the 17th Judicial Circuit, Broward County, Florida. The complaint, which relates to consulting services provided to the Company by the deceased between 2005 and 2017, alleges breach of contract and quantum meruit and is seeking $ 15,870.97 10,000 1,000 |
Segment Reporting
Segment Reporting | 6 Months Ended |
Jun. 30, 2022 | |
Segment Reporting [Abstract] | |
Segment Reporting | Note 10. Segment Reporting The Company has five 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. 5. Guided Tour and Retail, which provides guided tours using the BLU3 technology, and also operates as a reteal store for the diving community. Three Months Ended June 30 (unaudited) Schedule of Segment Reporting Information Legacy SSA Products High Pressure Gas Systems Ultra Portable Tankless Dive Systems Redundant Air Tank Systems Guided Tour Retail Total Company 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net Revenues $ 797,022 $ 976,973 $ 270,193 $ 207,565 $ 884,271 $ 528,380 $ 399,479 $ - $ 50,274 $ - $ 2,401,238 $ 1,712,918 Cost of Revenue $ (558,426 ) (668,246 ) (140,248 ) (113,499 ) (570,027 ) (333,864 ) (255,568 ) - (14,136 ) - (1,538,404 ) (1,115,609 ) Gross Profit 238,596 308,727 129,945 94,066 314,244 194,516 143,911 - 36,138 - 862,834 597,309 Depreciation 4,369 4,748 - - 4,478 2,419 24,096 - - - 32,943 7,167 Income from Operations $ (334,967 ) $ (314,279 ) $ 41,705 $ 40,224 $ 17,461 $ (41,248 ) $ (46,576 ) $ - $ 3,237 $ - (319,140 ) (315,303 ) Six Months Ended June 30 (unaudited) Legacy SSA Products High Pressure Gas Systems Ultra Portable Tankless Dive Systems Redundant Air Tank Systems Guided Tour Retail Total Company 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net Revenues $ 1,378,131 $ 1,443,016 $ 547,010 $ 357,693 $ 1,678,858 $ 862,978 $ 721,935 $ - $ 50,274 $ - $ 4,376,208 $ 2,663,687 Cost of Revenue (1,020,384 ) (1,038,072 ) (301,039 ) (194,677 ) (986,985 ) (522,657 ) (515,070 ) - (14,136 ) - (2,837,613 ) (1,755,406 ) Gross Profit 357,747 404,944 245,971 163,016 691,873 340,321 206,865 - 36,138 - 1,538,595 908,281 Depreciation 8,739 8,560 - - 8,956 4,836 49,107 - - - 66,802 13,396 Income (loss) from operations $ (704,557 ) $ (758,430 ) $ 82,164 $ 49,590 $ 34,223 $ 14,060 $ (168,105 ) $ - $ 3,237 $ - (753,038 ) $ (694,780 ) - Total Assets $ 1,535,945 $ 1,529,702 $ 540,583 $ 302,088 $ 1,236,449 $ 673,255 $ 1,825,787 $ - $ 260,247 $ - $ 5,399,011 $ 2,505,045 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 11. Subsequent Events Alliance Lease On June 29, 2022, SSI executed an equipment financing agreement with NFS Leasing (“NFS Leasing”) to secure replacement production molds. The total purchase price of the molds was $ 84,500 63,375 The lease has a 33 month 2,571 |
Basis of Presentation and Sum_2
Basis of Presentation and Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The following unaudited interim consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, such interim financial statements do not include all the information and footnotes required by accounting principles generally accepted in the United States (“GAAP”) for complete annual financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The balance sheet as of December 31, 2021 has been derived from the Company’s annual financial statements that were audited by an independent registered public accounting firm but does not include all of the information and footnotes required for complete annual financial statements. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto which are included in our Annual Report on Form 10-K for the year ended December 31, 2021 for a broader discussion of our business and the risks inherent in such business. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Trebor, BHP, BLU3, SSI and LBI. All significant intercompany transactions and balances have been eliminated in consolidation. |
Use of estimates | Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and cash equivalents | Cash and cash equivalents Only highly liquid investments with original maturities of 90 days or less are classified as cash and equivalents. These investments are stated at cost, which approximates market value. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash deposits. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $ 250,000 22,700 205,500 |
Foreign Currency Forward Contracts | Foreign Currency Forward Contracts We use foreign currency forward contracts to hedge specific forecasted transactions denominated in foreign currencies, manage exchange rate volatility in the translation of foreign earnings, and reduce exposures to foreign currency fluctuations of certain assets and liabilities denominated in foreign currencies. The foreign currency forward hedging contracts outstanding as of June 30, 2022 have settlement dates within 6 months. The spot rate components of these foreign currency forward contracts are designated as cash flow hedges and any unrealized gains or losses are reported in other comprehensive income and reclassified to the Consolidated Statement of Income in the same periods during which the underlying hedged transactions affect earnings. If a hedging relationship is terminated with respect to a foreign currency forward contract, accumulated gains or losses associated with the contract remain in OCI until the hedged forecasted transaction occurs and are reclassified to operations in the same periods during which the underlying hedged transactions affect earnings. Foreign currency forward contracts entered into to hedge cost of goods purchases were as follows as of June 30, 2022 and December 31, 2021: Schedule of Foreign Currency Forward Contracts Notional Amount Foreign Currency June 30, 2022 December 31, 2021 Euro $ 181,615 - Total $ 181,615 $ - |
Accounts receivable | Accounts receivable Accounts receivable consist of amounts due from the sale of all of our products to wholesale and retail customers. The allowance for doubtful accounts is estimated based on historical customer experience and industry knowledge. The allowances for doubtful accounts totaled $ 46,555 46,555 |
Inventory | Inventory Inventory consists of the following: Schedule of Inventory June 30, 2022 December 31, In-Transit inventory $ 204,562 $ 130,000 Raw materials 1,000,674 1,144,190 Work in process 84,243 99,858 Finished goods 985,387 521,212 Rental Equipment 48,602 - Inventory, net $ 2,323,468 $ 1,895,260 |
Revenue Recognition | Revenue Recognition We account for revenues in accordance with Accounting Standards Codification (ASC) 606, “Revenue from Contracts with Customers” and all the related amendments. This standards core principle is that a company should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to receive. We recognize the sale of products under single performance obligations upon shipment of the units as that is when ownership is transferred and our performance is completed. Revenues from repair and maintenance activities is recognized when the repairs are completed and the units have been shipped. |
Lease Accounting | Lease Accounting We account for leases in accordance with ASC 842, “Leases”. The lease standard requires all leases to be reported on the balance sheet as right-of-use assets and lease obligations. We categorize leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow us to substantially utilize or pay for the entire asset over its estimated life. Assets acquired under finance leases are recorded in property and equipment, net. All other leases are categorized as operating leases. We did not have any finance leases as of June 30, 2022. Our leases generally have terms that range from three years for equipment and five to twenty years for property. We elected the accounting policy to include both the lease and non-lease components of our agreements as a single component and account for them as a lease. Lease liabilities are recognized at the present value of the fixed lease payments using a discount rate based on similarly secured borrowings available to us. Lease assets are recognized based on the initial present value of the fixed lease payments, reduced by landlord incentives, plus any direct costs from executing the leases. Lease assets are tested for impairment in the same manner as long-lived assets used in operations. Leasehold improvements are capitalized at cost and amortized over the lesser of their expected useful life or the lease term. When we have the option to extend the lease term, terminate the lease for the contractual expiration date, or purchase the leased asset, and it is reasonably certain that we will exercise the option, we consider these options in determining the classification and measurement of the lease. Costs associated with operating lease assets are recognized on a straight-line basis within operating expenses over the term of the lease. For the three and six months ended June 30, 2022 the lease expenses were approximately $ 64,500 128,700 43,000 78,000 128,400 32,900 Supplemental balance sheet information related to leases was as follows: Schedule of Supplemental Balance Sheet Information Operating Leases June 30, 2022 (unaudited) Right-of-use assets $ 372,992 Current lease liabilities $ 214,061 Non-current lease liabilities 159,322 Total lease liabilities $ 373,383 |
Stock-Based Compensation | Stock-Based Compensation We account for stock-based compensation in accordance with ASC 718, “Compensation-Stock Compensation”. ASC 718 requires companies to measure the cost of employee and non-employee services received in exchange for an award of equity instruments, including stock options, based on the grant-date fair value of the award and to recognize it as compensation expense over the period the employee and non-employee are required to provide service in exchange for the award, usually the vesting period. |
Loss per common share | Loss per common share Basic earnings per share excludes any dilutive effects of options, warrants and convertible securities. Basic earnings per share is computed using the weighted-average number of outstanding common shares during the applicable period. Diluted earnings per share is computed using the weighted average number of common and dilutive common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is antidilutive. At June 30, 2022 and June 30, 2021, 245,847,251 205,855,020 |
Recent accounting pronouncements | Recent accounting pronouncements ASU 2016-13 Current Expected Credit Loss (ASC326) In December 2021, the FASB issued and update to ASU No. 2016-13 the Current Expected Credit Losses (CECL) standard (ASC 326), which is designed to provide greater transparency and understanding of credit risk by incorporating estimated, forward-looking data when measuring lifetime Estimated Credit Losses (ECL) and requires enhanced financial statement disclosures. This guidance is effective January 1, 2023. The Company is evaluating the changes from this standard to determine the impact on its consolidated financial statements and related disclosures ASU 2019-12 Income Taxes (Topic 740) In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes (“ASU 2019-12”), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company determined that the standard has no impact on its consolidated financial statements and related disclosures. |
Basis of Presentation and Sum_3
Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Schedule of Foreign Currency Forward Contracts | Foreign currency forward contracts entered into to hedge cost of goods purchases were as follows as of June 30, 2022 and December 31, 2021: Schedule of Foreign Currency Forward Contracts Notional Amount Foreign Currency June 30, 2022 December 31, 2021 Euro $ 181,615 - Total $ 181,615 $ - |
Schedule of Inventory | Inventory consists of the following: Schedule of Inventory June 30, 2022 December 31, In-Transit inventory $ 204,562 $ 130,000 Raw materials 1,000,674 1,144,190 Work in process 84,243 99,858 Finished goods 985,387 521,212 Rental Equipment 48,602 - Inventory, net $ 2,323,468 $ 1,895,260 |
Schedule of Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases was as follows: Schedule of Supplemental Balance Sheet Information Operating Leases June 30, 2022 (unaudited) Right-of-use assets $ 372,992 Current lease liabilities $ 214,061 Non-current lease liabilities 159,322 Total lease liabilities $ 373,383 |
Convertible Promissory Notes _2
Convertible Promissory Notes and Notes Payable (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Short-Term Debt [Line Items] | |
Schedule of Convertible Debentures | Convertible promissory notes consisted of the following at June 30, 2022: Schedule of Convertible Debentures Origination Maturity Interest Origination Original Period Period Period Accrued Reg. 12/01/17 12/31/21 6 % 50,000 (12,500 ) - - - - (1 ) 12/05/17 12/31/21 6 % 50,000 (12,500 ) - - - (2 ) 9/03/21 9/03/24 8 % 346,500 (12,355 ) 346,500 (8,815 ) 337,685 - (3 ) 9/03/21 9/03/24 8 % 3,500 (125 ) 3,500 (87 ) 3,413 - (4 ) $ 350,000 $ (8,902 ) $ 341,098 $ - (1) On December 1, 2017, the Company issued a 6 50,000 December 1, 2018 The conversion price of the note initially ranged from $ 0.02 0.125 9.99 0.01 32,000 10,554 6,055,358 (2) On December 5, 2017, the Company entered into a 6 50,000 December 4, 2018 The conversion price under the note initially ranged from $ 0.02 0.125 9.99 0.01 99,000 11,145 6,114,516 (3) On September 3, 2021, the Company issued a three-year 8 346,550 50 0.051272 0.051272 12,355 (4) On September 3, 2021, the Company issued a three-year 8 3,500 50 0.051272 0.051272 125 |
Schedule of Future Amortization of Loans Payable | Schedule of Future Amortization of Loans Payable Payment Amortization 2022 (6 months remaining) 12,305 2023 - 2024 - 2025 - 2025 and thereafter - 2026 - Total Loan Payments $ 12,305 Current portion of Loan payable (12,305 ) Non-Current Portion of Loan Payable $ - |
Mercedes Benz Note [Member] | |
Short-Term Debt [Line Items] | |
Schedule of Future Amortization of Loans Payable | Schedule of Future Amortization of Loans Payable Payment Amortization 2022 (6 months remaining) $ 6,825 2023 $ 11,168 2024 $ 11,168 2025 and thereafter $ 8,684 Total note payments $ 37,538 Current portion of note payable $ (11,168 ) Non-Current Portion of notes payable $ 26,370 |
Navitas Note [Member] | |
Short-Term Debt [Line Items] | |
Schedule of Future Amortization of Loans Payable | Schedule of Future Amortization of Loans Payable Payment Amortization 2022 (6 months remaining) 6,139 2023 15,342 2024 16,629 2025 18,204 2026 6,007 Total Note Payments $ 62,141 Current portion of Note payable (14,736 ) Non-Current Portion of Note Payable $ 47,405 |
Business Combination (Tables)
Business Combination (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Business Acquisition [Line Items] | |
Summary of Holding Period and Shares Eligible To Sold | Summary of Holding Period and Shares Eligible To Sold Holding Period Percentage of shares 6 Up to 12.5 9 Up to 25.0 24 Up to 75.0 36 Up to 100.0 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the acquisition date fair value of the consideration paid, identifiable assets acquired, and liabilities assumed, including an amount for goodwill: Schedule of Recognized Identified Assets Acquired and Liabilities Assumed Common stock, 27,305,442 $ 1,449,919 8% unsecured, convertible promissory note payable to seller 350,000 Total purchase price $ 1,799,919 Tangible assets acquired $ 1,101,604 Liabilities assumed (294,671 ) Net tangible assets acquired 806,933 Identified Intangible Assets Customer relationships $ 600,000 Trademarks 121,000 Non-compete agreements 22,000 Total intangible assets 743,000 Goodwill $ 249,986 Total purchase price $ 1,799,919 |
Summary of Asset Acquisition | The following table summarizes the asset acquisition date fair value of the consideration paid, identifiable assets acquired, including an amount for overpayment and transaction fees: Summary of Asset Acquisition Book Value Overpayment Allocation Transaction Cost Allocation Fair Value Rental Inventory $ 23,408 $ 22,156 $ 3,038 $ 48,602 Fixed Assets 24,360 23,058 3,161 50,579 Retail Inventory 29,292 27,726 3,801 60,819 Total Cost $ 77,060 $ 72,940 $ 10,000 $ 160,000 |
Schedule of Business Acquisition, Pro Forma Information | The following unaudited pro forma information assumes all business combinations occurred on January 1, 2021. For all of the business acquisitions depreciation and amortization have been included in the calculation of the below pro forma information based upon the actual acquisition costs. Schedule of Business Acquisition, Pro Forma Information Three months ended June 30, 2021 Six months ended Revenue $ 2,423,956 $ 3,730,805 Net Loss $ (340,186 ) $ (842,500 ) Basic and Diluted Loss per Share $ (0.00 ) $ (0.00 ) Basic and Diluted Weighted Average Common Shares Outstanding 367,879,407 345,331,543 |
Gold Coast Scuba LLC [Member] | |
Business Acquisition [Line Items] | |
Summary of Holding Period and Shares Eligible To Sold | The Consideration Shares are subject to leak out agreements whereby the shareholders are unable to sell or transfer shares based upon the following: Summary of Holding Period and Shares Eligible To Sold Holding Period Percentage of shares 6 Up to 25.0% 9 Up to 50.0% 12 Up to 100.0% |
Gold Coast Scuba [Member] | |
Business Acquisition [Line Items] | |
Schedule of Business Acquisition, Pro Forma Information | The information included in the pro forma amounts is derived from historical information obtained from the sellers of the businesses. The pro forma amounts for basic and diluted weighted average shares outstanding have been adjusted to include the stock issued in connection with the acquisition of Gold Coast Scuba. Schedule of Business Acquisition, Pro Forma Information Three months ended June 30, 2022 Six months ended Revenue $ 2,423,956 $ 4,452,986 Net Loss $ (326,829 ) $ (829,143 ) Basic and Diluted Loss per Share $ (0.00 ) $ (0.00 ) Basic and Diluted Weighted Average Common Shares Outstanding 409,524,075 402,146,829 |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets, Net (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Summary of Changes in Goodwill | The following table sets for the changes in the carrying amount of the Company’ Goodwill for the quarter ended June 30, 2022. Summary of Changes in Goodwill 2022 Balance, January 1 $ 249,986 Addition: - Balance, June 30 $ 249,986 |
Summary of Intangible Assets | The following table sets for the components of the Company’s intangible assets at June 30, 2022: Summary of Intangible Assets Amortization Period (Years) Cost Accumulated Amortization Net Book Value Intangible Assets Subject to amortization Trademarks 15 $ 121,000 $ (6,678 ) $ 114,322 Customer Relationships 10 600,000 (50,000 ) 550,000 Non-Compete Agreements 5 22,000 (3,667 ) 18,333 Total $ 743,000 $ (60,354 ) $ 682,655 |
Schedule of Estimated Intangible Assets Amortization Expenses | The aggregate amortization remaining on the intangible assets as of June 30, 2022 is a follows: Schedule of Estimated Intangible Assets Amortization Expenses Intangible Amortization 2022 (6 months remaining) $ 36,225 2023 72,467 2024 72,467 2025 72,467 2026 71,367 Thereafter 357,662 Total $ 682,655 |
Shareholders_ Equity (Tables)
Shareholders’ Equity (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
Schedule of Equity Compensation Plan Information | Equity Compensation Plan Information as of June 30, 2022: Schedule of Equity Compensation Plan Information Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) Weighted – average exercise price of outstanding options, warrants and rights (b) Number of securities remaining available for future issuances under equity compensation plans (excluding securities reflected in column (a) (c) Equity Compensation Plans Approved by Security Holders 3,592,647 $ .0401 21,407,353 Equity Compensation Plans Not Approved by Security Holders — — — Total 3,592,647 $ .0401 21,407,353 |
Schedule of Option Activity | A summary of the Company’s outstanding stock options as of December 31, 2021, and changes during the three months ended June 30, 2022 is presented below: Schedule of Option Activity Number of Weighted Weighted Aggregate Outstanding – December 31, 2021 233,128,266 $ 0.0362 2.23 $ 795,201 Granted 1,592,647 0.0353 Forfeited (125,000 ) Exercised - - Outstanding – June 30, 2022 (unaudited) 234,595,913 $ 0.0362 1.75 Exercisable – June 30, 2022 (unaudited) 105,200,664 $ 0.0322 1.60 $ 1,022,422 |
Schedule of Warrants Activity | A summary of the Company’s warrants as of December 31, 2021 and changes during the six months ended June 30, 2022 is presented below: Schedule of Warrants Activity Number of Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Life in Years Aggregate Intrinsic Value Outstanding – December 31, 2021 14,600,000 $ 0.025 1.67 $ 153,300 Granted Exercised (10,600,000 ) $ 0.025 Forfeited or Expired - Outstanding – June 30, 2022 4,000,000 $ 0.025 1.19 Exercisable – June 30, 2022 4,000,000 $ 0.025 1.19 $ 56,000 |
Segment Reporting (Tables)
Segment Reporting (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information | Schedule of Segment Reporting Information Legacy SSA Products High Pressure Gas Systems Ultra Portable Tankless Dive Systems Redundant Air Tank Systems Guided Tour Retail Total Company 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net Revenues $ 797,022 $ 976,973 $ 270,193 $ 207,565 $ 884,271 $ 528,380 $ 399,479 $ - $ 50,274 $ - $ 2,401,238 $ 1,712,918 Cost of Revenue $ (558,426 ) (668,246 ) (140,248 ) (113,499 ) (570,027 ) (333,864 ) (255,568 ) - (14,136 ) - (1,538,404 ) (1,115,609 ) Gross Profit 238,596 308,727 129,945 94,066 314,244 194,516 143,911 - 36,138 - 862,834 597,309 Depreciation 4,369 4,748 - - 4,478 2,419 24,096 - - - 32,943 7,167 Income from Operations $ (334,967 ) $ (314,279 ) $ 41,705 $ 40,224 $ 17,461 $ (41,248 ) $ (46,576 ) $ - $ 3,237 $ - (319,140 ) (315,303 ) Six Months Ended June 30 (unaudited) Legacy SSA Products High Pressure Gas Systems Ultra Portable Tankless Dive Systems Redundant Air Tank Systems Guided Tour Retail Total Company 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 2022 2021 Net Revenues $ 1,378,131 $ 1,443,016 $ 547,010 $ 357,693 $ 1,678,858 $ 862,978 $ 721,935 $ - $ 50,274 $ - $ 4,376,208 $ 2,663,687 Cost of Revenue (1,020,384 ) (1,038,072 ) (301,039 ) (194,677 ) (986,985 ) (522,657 ) (515,070 ) - (14,136 ) - (2,837,613 ) (1,755,406 ) Gross Profit 357,747 404,944 245,971 163,016 691,873 340,321 206,865 - 36,138 - 1,538,595 908,281 Depreciation 8,739 8,560 - - 8,956 4,836 49,107 - - - 66,802 13,396 Income (loss) from operations $ (704,557 ) $ (758,430 ) $ 82,164 $ 49,590 $ 34,223 $ 14,060 $ (168,105 ) $ - $ 3,237 $ - (753,038 ) $ (694,780 ) - Total Assets $ 1,535,945 $ 1,529,702 $ 540,583 $ 302,088 $ 1,236,449 $ 673,255 $ 1,825,787 $ - $ 260,247 $ - $ 5,399,011 $ 2,505,045 |
Schedule of Foreign Currency Fo
Schedule of Foreign Currency Forward Contracts (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Total | $ 181,615 | |
Euro Member Countries, Euro | ||
Total | $ 181,615 |
Schedule of Inventory (Details)
Schedule of Inventory (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Accounting Policies [Abstract] | ||
In-Transit inventory | $ 204,562 | $ 130,000 |
Raw materials | 1,000,674 | 1,144,190 |
Work in process | 84,243 | 99,858 |
Finished goods | 985,387 | 521,212 |
Rental Equipment | 48,602 | |
Inventory, net | $ 2,323,468 | $ 1,895,260 |
Schedule of Supplemental Balanc
Schedule of Supplemental Balance Sheet Information (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Accounting Policies [Abstract] | ||
Right-of-use assets | $ 372,992 | $ 454,475 |
Current lease liabilities | 214,061 | 232,283 |
Non-current lease liabilities | 159,322 | $ 222,899 |
Total lease liabilities | $ 373,383 |
Basis of Presentation and Sum_4
Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Property, Plant and Equipment [Line Items] | |||||
Cash, FDIC Insured Amount | $ 22,700 | $ 22,700 | $ 205,500 | ||
Allowances for doubtful accounts | 46,555 | 46,555 | $ 46,555 | ||
Operating Lease, Expense | 64,500 | $ 43,000 | 128,700 | $ 78,000 | |
Operating Lease, Payments | $ 128,400 | $ 32,900 | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 245,847,251 | 205,855,020 | |||
Maximum [Member] | |||||
Property, Plant and Equipment [Line Items] | |||||
Cash, FDIC Insured Amount | $ 250,000 | $ 250,000 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 772,754 | |
Non cash stock related compensation | 520,739 | |
Accumulated deficit | 15,317,359 | $ 14,544,604 |
Working capital surplus | $ 1,792,309 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Feb. 02, 2022 | Sep. 01, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Related Party Transaction [Line Items] | ||||||||
Accounts payable - related parties | $ 31,437 | $ 31,437 | $ 37,267 | |||||
Accounts receivable - related parties | 75,122 | $ 75,122 | 77,301 | |||||
Royalties percentage | 2.50% | |||||||
Royalty Expense | 17,824 | $ 28,031 | $ 30,613 | $ 39,606 | ||||
Accrued royalty | $ 11,800 | $ 11,800 | ||||||
Warrant exercise price | $ 0.0401 | $ 0.0401 | ||||||
Proceeds from warrant exercise | $ 265,000 | |||||||
Shares issued for cash | $ 120,000 | $ 275,000 | ||||||
Robert Carmichael [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accounts payable - related parties | 18,405 | 18,405 | 5,000 | |||||
LLC 940 [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accounts payable - related parties | 10,051.92 | 10,051.92 | ||||||
Brownies Global Logistics LLC [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accounts payable - related parties | 2,980 | 2,980 | 32,267 | |||||
Mr. Charles F. Hyatt [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Shares issued for cash, shares | 10,000,000 | 10,000,000 | ||||||
Warrant exercise price | $ 0.025 | $ 0.025 | ||||||
Proceeds from warrant exercise | $ 250,000 | $ 250,000 | ||||||
Ms Grace Kelly Hyatt [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Shares issued for cash, shares | 600,000 | |||||||
Warrant exercise price | $ 0.025 | |||||||
Shares issued for cash | $ 15,000 | |||||||
Robert Carmichael [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accounts receivable - related parties | 446 | 446 | 1,509 | |||||
Charles Hyatt [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accounts receivable - related parties | 2,332 | 2,332 | 0 | |||||
Other Customers [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accounts payable - related parties | $ 72,344 | $ 72,344 | $ 75,792 | |||||
Other Customers [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Concentration Risk, Percentage | 12.10% | 20.60% | 12.90% | 20.90% |
Schedule of Convertible Debentu
Schedule of Convertible Debentures (Details) | 6 Months Ended | |
Jun. 30, 2022 USD ($) | ||
Debt Instrument [Line Items] | ||
Period End Principal Balance | $ 350,000 | |
Period End Discount Balance | (8,902) | |
Period End Balance, Net | 341,098 | |
Accrued Interest Balance | ||
Convertible Debenture One [Member] | ||
Debt Instrument [Line Items] | ||
Origination Date | Dec. 01, 2017 | [1] |
Maturity Date | Dec. 31, 2021 | [1] |
Interest Rate | 6% | [1] |
Original Debt | $ 50,000 | [1] |
Origination Discount Balance | (12,500) | [1] |
Period End Principal Balance | [1] | |
Period End Discount Balance | [1] | |
Period End Balance, Net | [1] | |
Accrued Interest Balance | [1] | |
Convertible Debenture Two [Member] | ||
Debt Instrument [Line Items] | ||
Origination Date | Dec. 05, 2017 | [2] |
Maturity Date | Dec. 31, 2021 | [2] |
Interest Rate | 6% | [2] |
Original Debt | $ 50,000 | [2] |
Origination Discount Balance | (12,500) | [2] |
Period End Discount Balance | [2] | |
Convertible Debenture Three [Member] | ||
Debt Instrument [Line Items] | ||
Origination Date | Sep. 03, 2021 | [3] |
Maturity Date | Sep. 03, 2024 | [3] |
Interest Rate | 8% | [3] |
Original Debt | $ 346,500 | [3] |
Origination Discount Balance | (12,355) | [3] |
Period End Principal Balance | 346,500 | [3] |
Period End Discount Balance | (8,815) | [3] |
Period End Balance, Net | 337,685 | [3] |
Accrued Interest Balance | [3] | |
Convertible Debenture Four [Member] | ||
Debt Instrument [Line Items] | ||
Origination Date | Sep. 03, 2021 | [4] |
Maturity Date | Sep. 03, 2024 | [4] |
Interest Rate | 8% | [4] |
Original Debt | $ 3,500 | [4] |
Origination Discount Balance | (125) | [4] |
Period End Principal Balance | 3,500 | [4] |
Period End Discount Balance | (87) | [4] |
Period End Balance, Net | 3,413 | [4] |
Accrued Interest Balance | [4] | |
[1]On December 1, 2017, the Company issued a 6 50,000 December 1, 2018 6 50,000 December 4, 2018 8 346,550 50 0.051272 0.051272 12,355 8 3,500 50 0.051272 0.051272 125 |
Schedule of Convertible Deben_2
Schedule of Convertible Debentures (Details) (Parenthetical) - USD ($) | 3 Months Ended | 6 Months Ended | |||||||||
Sep. 03, 2021 | Aug. 18, 2021 | Jun. 10, 2021 | Dec. 31, 2019 | Dec. 05, 2017 | Dec. 01, 2017 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | ||
Debt Instrument [Line Items] | |||||||||||
Gain on settlement of debt | $ 10,000 | ||||||||||
Accrued Interest Balance | |||||||||||
Convertible Debt | $ 341,098 | $ 341,098 | |||||||||
Convertible Debenture One [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | [1] | 6% | 6% | ||||||||
Debt maturity date | [1] | Dec. 31, 2021 | |||||||||
Accrued Interest Balance | [1] | ||||||||||
Convertible Debt | [1] | ||||||||||
Convertible Debenture One [Member] | 6% Secured Convertible Promissory Note [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 6% | ||||||||||
Principal amount | $ 50,000 | ||||||||||
Debt maturity date | Dec. 01, 2018 | ||||||||||
Gain on settlement of debt | $ 32,000 | ||||||||||
Accrued Interest Balance | $ 10,554 | ||||||||||
Debt Conversion, Converted Instrument | 6,055,358 | ||||||||||
Convertible Debenture One [Member] | 6% Secured Convertible Promissory Note [Member] | First Year [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.01 | $ 0.02 | |||||||||
Convertible Debenture Two [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | [2] | 6% | 6% | ||||||||
Debt maturity date | [2] | Dec. 31, 2021 | |||||||||
Convertible Debenture Two [Member] | 6% Secured Convertible Promissory Note [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 6% | ||||||||||
Principal amount | $ 50,000 | ||||||||||
Debt maturity date | Dec. 04, 2018 | ||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.01 | ||||||||||
Maximum conversion of common stock, percentage | 9.99% | ||||||||||
Gain on settlement of debt | $ 99,000 | ||||||||||
Accrued Interest Balance | $ 11,145 | ||||||||||
Debt Conversion, Converted Instrument | 6,114,516 | ||||||||||
Convertible Debenture Two [Member] | 6% Secured Convertible Promissory Note [Member] | First Year [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.02 | ||||||||||
Convertible Debenture Two [Member] | 6% Secured Convertible Promissory Note [Member] | Fifth Year [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.125 | $ 0.125 | |||||||||
Convertible Debenture Three [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | [3] | 8% | 8% | ||||||||
Debt maturity date | [3] | Sep. 03, 2024 | |||||||||
Accrued Interest Balance | [3] | ||||||||||
Convertible Debt | [3] | $ 337,685 | $ 337,685 | ||||||||
Convertible Debenture Three [Member] | Summit Holding LLC [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.051272 | ||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 8% | ||||||||||
Convertible Debt | $ 346,550 | ||||||||||
Debt Instrument Payment Rate Percentage | 50% | ||||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 12,355 | ||||||||||
Convertible Debenture Three [Member] | 6% Secured Convertible Promissory Note [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Maximum conversion of common stock, percentage | 9.99% | ||||||||||
Convertible Debenture Four [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | [4] | 8% | 8% | ||||||||
Debt maturity date | [4] | Sep. 03, 2024 | |||||||||
Accrued Interest Balance | [4] | ||||||||||
Convertible Debt | [4] | $ 3,413 | $ 3,413 | ||||||||
Convertible Debenture Four [Member] | Tierra Vista Partners LLC [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Interest rate | 8% | ||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.051272 | ||||||||||
Convertible Debt | $ 3,500 | ||||||||||
Debt Instrument Payment Rate Percentage | 50% | ||||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 125 | ||||||||||
[1]On December 1, 2017, the Company issued a 6 50,000 December 1, 2018 6 50,000 December 4, 2018 8 346,550 50 0.051272 0.051272 12,355 8 3,500 50 0.051272 0.051272 125 |
Schedule of Future Amortization
Schedule of Future Amortization of Loans Payable (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Short-Term Debt [Line Items] | ||
Current portion of Note payable | $ (38,209) | $ (50,402) |
Non-Current Portion of Note Payable | 73,775 | $ 87,956 |
Marlin Note [Member] | ||
Short-Term Debt [Line Items] | ||
2022 (6 months remaining) | 12,305 | |
2023 | ||
2024 | ||
2025 | ||
2025 and thereafter | ||
2026 | ||
Total Note Payments | 12,305 | |
Current portion of Note payable | (12,305) | |
Non-Current Portion of Note Payable | ||
Mercedes Benz Note [Member] | ||
Short-Term Debt [Line Items] | ||
2022 (6 months remaining) | 6,825 | |
2023 | 11,168 | |
2024 | 11,168 | |
2025 and thereafter | 8,684 | |
Total Note Payments | 37,538 | |
Current portion of Note payable | (11,168) | |
Non-Current Portion of Note Payable | 26,370 | |
Navitas Note [Member] | ||
Short-Term Debt [Line Items] | ||
2022 (6 months remaining) | 6,139 | |
2023 | 15,342 | |
2024 | 16,629 | |
2025 | 18,204 | |
2026 | 6,007 | |
Total Note Payments | 62,141 | |
Current portion of Note payable | (14,736) | |
Non-Current Portion of Note Payable | $ 47,405 |
Convertible Promissory Notes _3
Convertible Promissory Notes and Notes Payable (Details Narrative) - USD ($) | 6 Months Ended | ||||||
Jun. 29, 2022 | Jan. 19, 2022 | May 19, 2021 | Aug. 21, 2020 | Sep. 30, 2019 | Jun. 30, 2022 | Aug. 01, 2022 | |
Marlin Capital Solutions [Member] | |||||||
Principal amount | $ 96,725 | ||||||
Debt Instrument, Term | 36 months | ||||||
Debt instrument, periodic payment | $ 3,144 | ||||||
Loan balance | $ 12,305 | ||||||
Mercedes Benz [Member] | Installment Agreement [Member] | |||||||
Principal amount | $ 55,841 | ||||||
Debt Instrument, Term | 60 months | ||||||
Debt instrument, periodic payment | $ 931 | ||||||
Loan balance | 37,538 | ||||||
Navitas Credit Corp [Member] | Installment Agreement [Member] | |||||||
Principal amount | $ 79,309 | ||||||
Debt Instrument, Term | 60 months | ||||||
Debt instrument, periodic payment | $ 1,611 | ||||||
SSI [Member] | |||||||
Lessee, Finance Lease, Term of Contract | 36 months | 33 months | |||||
Short-Term Lease Payments | $ 2,571 | $ 3,522 | |||||
Lessee Option to Purchase Underlying Asset | At the end of the lease SSI has the option to purchase the equipment for $3,522 plus applicable taxes. The total purchase price of the equipment was $108,675. | ||||||
Operating Lease, Expenses | $ 54,000 | ||||||
Write off fees for cancellation | $ 6,300 | ||||||
SSI [Member] | Equipment [Member] | |||||||
Property, Plant and Equipment, Gross | 3,522 | ||||||
SSI [Member] | Machinery [Member] | |||||||
Property, Plant and Equipment, Gross | $ 108,675 |
Summary of Holding Period and S
Summary of Holding Period and Shares Eligible To Sold (Details) | 6 Months Ended |
Jun. 30, 2022 | |
6 Months [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 6 months |
Percentage of shares eligible to be sold | 12.50% |
6 Months [Member] | Gold Coast Scuba LLC [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 6 months |
Percentage of shares eligible to be sold | 25% |
9 Months [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 9 months |
Percentage of shares eligible to be sold | 25% |
9 Months [Member] | Gold Coast Scuba LLC [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 9 months |
Percentage of shares eligible to be sold | 50% |
24 Months [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 24 months |
Percentage of shares eligible to be sold | 75% |
36 Months [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 36 months |
Percentage of shares eligible to be sold | 100% |
12 Months [Member] | Gold Coast Scuba LLC [Member] | |
Business Acquisition [Line Items] | |
Holding period from closing date | 12 months |
Percentage of shares eligible to be sold | 100% |
Schedule of Recognized Identifi
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) (Parenthetical) - shares | 3 Months Ended | ||
Sep. 03, 2020 | Jun. 30, 2022 | Mar. 31, 2021 | |
Common Stock [Member] | |||
Shares issued for cash, shares | 27,305,442 | 3,084,831 | 27,500,000 |
Schedule of Recognized Identi_2
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 | Sep. 03, 2020 |
Business Acquisition [Line Items] | |||
Fair Value Disclosure | $ 1,799,919 | ||
Tangible assets acquired | 1,101,604 | ||
Liabilities assumed | (294,671) | ||
Net tangible assets acquired | 806,933 | ||
Total intangible assets | 743,000 | ||
Goodwill | $ 249,986 | $ 249,986 | 249,986 |
Total purchase price | 1,799,919 | ||
Customer Relationships [Member] | |||
Business Acquisition [Line Items] | |||
Total intangible assets | 600,000 | ||
Trademarks and Trade Names [Member] | |||
Business Acquisition [Line Items] | |||
Total intangible assets | 121,000 | ||
Noncompete Agreements [Member] | |||
Business Acquisition [Line Items] | |||
Total intangible assets | 22,000 | ||
BWMG Common Stock [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value Disclosure | 1,449,919 | ||
Convertible Promissory Note Payable [Member] | |||
Business Acquisition [Line Items] | |||
Fair Value Disclosure | $ 350,000 |
Summary of Asset Acquisition (D
Summary of Asset Acquisition (Details) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Asset Acquisition [Line Items] | |
Fair Value | $ 77,060 |
Overpayment Allocation | 72,940 |
Transaction Cost Allocation | 10,000 |
Cost Per Books | 160,000 |
Rental Inventory [Member] | |
Asset Acquisition [Line Items] | |
Fair Value | 23,408 |
Overpayment Allocation | 22,156 |
Transaction Cost Allocation | 3,038 |
Cost Per Books | 48,602 |
Fixed Assets [Member] | |
Asset Acquisition [Line Items] | |
Fair Value | 24,360 |
Overpayment Allocation | 23,058 |
Transaction Cost Allocation | 3,161 |
Cost Per Books | 50,579 |
Retail Inventory [Member] | |
Asset Acquisition [Line Items] | |
Fair Value | 29,292 |
Overpayment Allocation | 27,726 |
Transaction Cost Allocation | 3,801 |
Cost Per Books | $ 60,819 |
Schedule of Business Acquisitio
Schedule of Business Acquisition, Pro Forma Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Gold Coast Scuba LLC [Member] | ||
Business Acquisition [Line Items] | ||
Revenue | $ 2,423,956 | $ 3,730,805 |
Net Loss | $ (340,186) | $ (842,500) |
Basic and Diluted Loss per Share | $ 0 | $ 0 |
Basic and Diluted Weighted Average Common Shares Outstanding | 367,879,407 | 345,331,543 |
Gold Coast Scuba [Member] | ||
Business Acquisition [Line Items] | ||
Revenue | $ 2,423,956 | $ 4,452,986 |
Net Loss | $ (326,829) | $ (829,143) |
Basic and Diluted Loss per Share | $ 0 | $ 0 |
Basic and Diluted Weighted Average Common Shares Outstanding | 409,524,075 | 402,146,829 |
Business Combination (Details N
Business Combination (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
May 02, 2022 | Sep. 03, 2020 | Jun. 30, 2022 | Mar. 31, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Business Acquisition [Line Items] | ||||||
Payments to Acquire Businesses, Gross | $ 30,000 | |||||
Shares issued for cash | $ 120,000 | $ 275,000 | ||||
Submersible Systems Inc [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Assets purchased, price | $ 1,790,000 | |||||
Shares issued during acquisition | 27,305,442 | |||||
Stock Issued During Period, Value, Acquisitions | $ 1,400,000 | |||||
Number of shares issued for consideration | 27,305,442 | |||||
Shares issued for cash, shares | 1,190,476 | |||||
Transaction costs | $ 65,000 | |||||
Legal Fees | 40,000 | |||||
Payments to Acquire Businesses, Gross | $ 55,952 | |||||
Conversion Price | $ 0.051271831 | |||||
Shares issued for cash | $ 1,449,919 | |||||
Business combination inventory assumed, decription | Inventory was assessed at the time of closing as to its fair value, and it was determined that a step-up analysis was necessary in order to evaluate the fair value of the inventory at the time of closing. The step up represents the net profit that would be attained when the inventory is sold. The key assumptions used in this analysis is a gross margin of 38.3% and selling costs of 5.0%, The analysis resulted in a necessary step up of $31,000 at the time of closing. | |||||
Fair value of intangible assets and goodwill | $ 992,986 | $ 992,986 | ||||
Submersible Systems Inc [Member] | NASDAQ Index Future [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Shares issued for cash, shares | 50,000 | |||||
Submersible Systems Inc [Member] | Unsecured Convertible Promissory [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Interest Rate | 8% | |||||
Principal amount | $ 350,000 | |||||
Gold Coast Scuba LLC [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Assets purchased, price | $ 150,000 | |||||
Number of shares issued for consideration | 3,084,831 | |||||
Transaction costs | $ 10,000 | |||||
Payments to Acquire Businesses, Gross | 30,000 | |||||
Number of shares issued for consideration, value | $ 120,000 | |||||
Consideration shares description | The leak-out restriction may be waived by the Company, upon written request by a Seller, if the Company’s common stock is trading on the NYSE American or Nasdaq, and has a rolling 30-day average trading volume of 50,000 shares per day; provided, however, that (i) only up to 5% of the previous days total volume can be sold in one day and (ii) only through executing trades “On the Offer.” |
Summary of Changes in Goodwill
Summary of Changes in Goodwill (Details) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Balance, January 1 | $ 249,986 |
Addition: | |
Balance, June 30 | $ 249,986 |
Summary of Intangible Assets (D
Summary of Intangible Assets (Details) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Finite-Lived Intangible Assets [Line Items] | |
Intangible assets, cost | $ 743,000 |
Accumulated amortization | (60,354) |
Intangible assets net book value | $ 682,655 |
Trademarks [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Amortization Period (Years) | 15 years |
Intangible assets, cost | $ 121,000 |
Accumulated amortization | (6,678) |
Intangible assets net book value | $ 114,322 |
Customer Relationships [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Amortization Period (Years) | 10 years |
Intangible assets, cost | $ 600,000 |
Accumulated amortization | (50,000) |
Intangible assets net book value | $ 550,000 |
Noncompete Agreements [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Amortization Period (Years) | 5 years |
Intangible assets, cost | $ 22,000 |
Accumulated amortization | (3,667) |
Intangible assets net book value | $ 18,333 |
Schedule of Estimated Intangibl
Schedule of Estimated Intangible Assets Amortization Expenses (Details) | Jun. 30, 2022 USD ($) |
Goodwill and Intangible Assets Disclosure [Abstract] | |
2022 (6 months remaining) | $ 36,225 |
2023 | 72,467 |
2024 | 72,467 |
2025 | 72,467 |
2026 | 71,367 |
Thereafter | 357,662 |
Total | $ 682,655 |
Schedule of Equity Compensation
Schedule of Equity Compensation Plan Information (Details) | Jun. 30, 2022 $ / shares shares |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Number of securities to be issued upon exercise of outstanding options, warrants and rights | 3,592,647 |
Weighted - average exercise price of outstanding options, warrants and rights | $ / shares | $ 0.0401 |
Number of securities remaining available for future issuances under equity compensation plans | 21,407,353 |
Equity Compensation Approved Plan [Member] | Security Holders [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Number of securities to be issued upon exercise of outstanding options, warrants and rights | 3,592,647 |
Weighted - average exercise price of outstanding options, warrants and rights | $ / shares | $ 0.0401 |
Number of securities remaining available for future issuances under equity compensation plans | 21,407,353 |
Equity Compensation Not Approved Plan [Member] | Security Holders [Member] | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |
Number of securities to be issued upon exercise of outstanding options, warrants and rights | |
Weighted - average exercise price of outstanding options, warrants and rights | $ / shares | |
Number of securities remaining available for future issuances under equity compensation plans |
Schedule of Option Activity (De
Schedule of Option Activity (Details) | 6 Months Ended |
Jun. 30, 2022 USD ($) $ / shares shares | |
Equity [Abstract] | |
Number of options, Outstanding, Beginning balance | 233,128,266 |
Weighted Average Exercise Price, Outstanding, Beginning balance | $ / shares | $ 0.0362 |
Weighted Average Remaining Contractual Life in Years, Beginning | 2 years 2 months 23 days |
Aggregate Intrinsic Value, Outstanding, Beginning balance | $ | $ 795,201 |
Number of options, Granted | 1,592,647 |
Weighted Average Exercise Price, Granted | $ / shares | $ 0.0353 |
Number of options, Forfeited | (125,000) |
Number of optionss, Exercised | |
Weighted Average Exercise Price, Exercised | $ / shares | |
Number of options, Outstanding, Ending balance | 234,595,913 |
Weighted Average Exercise Price, Outstanding, Ending balance | $ / shares | $ 0.0362 |
Weighted Average Remaining Contractual Life in Years, Ending | 1 year 9 months |
Number of Options, Exercisable, Ending balance | 105,200,664 |
Weighted Average Exercise Price, Exercisable, Ending balance | $ / shares | $ 0.0322 |
Weighted Average Remaining Contractual Life in Years, Exercisable | 1 year 7 months 6 days |
Aggregate Intrinsic Value, Outstanding, Ending balance | $ | $ 1,022,422 |
Schedule of Warrants Activity (
Schedule of Warrants Activity (Details) - Warrant [Member] - USD ($) | 3 Months Ended | 6 Months Ended |
Mar. 31, 2022 | Jun. 30, 2022 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Number of Warrants, Outstanding, Beginning balance | 14,600,000 | 14,600,000 |
Weighted Average Exercise Price, Outstanding, Beginning balance | $ 0.025 | $ 0.025 |
Weighted Average Remaining Contractual Life in Years, Beginning | 1 year 8 months 1 day | |
Aggregate Intrinsic Value, Beginning balance | $ 153,300 | $ 153,300 |
Number of warrants, exercised | (10,600,000) | |
Weighted Average Exercise Price,exercised | $ 0.025 | |
Number of warrants, forfeited | ||
Number of Warrants, Outstanding, Ending balance | 4,000,000 | |
Weighted Average Exercise Price, Outstanding, Ending balance | $ 0.025 | |
Weighted Average Remaining Contractual Life in Years, Ending | 1 year 2 months 8 days | |
Number of Warrants, Exercisable | 4,000,000 | |
Weighted Average Exercise Price, Exercisable, Ending balance | $ 0.025 | |
Weighted Average Remaining Contractual Life in Years, Exercisable | 1 year 2 months 8 days | |
Aggregate Intrinsic Value, Ending balance | $ 56,000 |
Shareholders_ Equity (Details N
Shareholders’ Equity (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2022 | Jun. 17, 2022 | May 31, 2022 | May 16, 2022 | May 03, 2022 | Apr. 08, 2022 | Feb. 28, 2022 | Feb. 02, 2022 | Jan. 31, 2022 | Jan. 21, 2022 | Jan. 17, 2022 | Nov. 05, 2021 | Sep. 03, 2021 | Sep. 03, 2021 | Sep. 01, 2021 | Aug. 06, 2021 | Aug. 01, 2021 | Jun. 14, 2021 | Nov. 05, 2020 | Apr. 14, 2020 | Apr. 30, 2011 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | Aug. 02, 2021 | May 26, 2021 | Jun. 30, 2010 | |
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock issued for services, shares | $ 12,000 | $ 35,500 | $ 125,000 | |||||||||||||||||||||||||||||
Warrant exercise price | $ 0.0401 | $ 0.0401 | $ 0.0401 | |||||||||||||||||||||||||||||
Proceeds from Warrant Exercises | $ 265,000 | |||||||||||||||||||||||||||||||
Common stock issued, value | $ 120,000 | $ 275,000 | ||||||||||||||||||||||||||||||
Employee benefit shares issued, value | $ 11,060 | |||||||||||||||||||||||||||||||
Preferred Stock, Shares authorized | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 425,000 | 425,000 | 425,000 | 425,000 | 425,000 | |||||||||||||||||||||||||||
Aggregate stock option purchased | 1,592,647 | |||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0362 | $ 0.0362 | $ 0.0362 | $ 0.0362 | $ 0.0362 | |||||||||||||||||||||||||||
Common stock shares purchase | 234,595,913 | 234,595,913 | 233,128,266 | 234,595,913 | 233,128,266 | |||||||||||||||||||||||||||
Interest rate | 0.53% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years 6 months | |||||||||||||||||||||||||||||||
Expected volatility | 6% | |||||||||||||||||||||||||||||||
Stock options expense | $ 4,142 | $ 8,284 | ||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 1 year 9 months | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 269.12% | |||||||||||||||||||||||||||||||
Equity Incentive Plan [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Maximum number of shares authorized under plan | 25,000,000 | |||||||||||||||||||||||||||||||
Carmichael Option [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 25,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||
Common stock shares purchase | 4,370,109 | |||||||||||||||||||||||||||||||
Interest rate | 0.26% | |||||||||||||||||||||||||||||||
Expected life, minimum | 1 year 6 months | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 320% | |||||||||||||||||||||||||||||||
Stock options expense | $ 218,505 | $ 437,010 | ||||||||||||||||||||||||||||||
Series A Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Preferred Stock, Shares authorized | 425,000 | |||||||||||||||||||||||||||||||
Preferred stock conversion price | $ 18.23 | |||||||||||||||||||||||||||||||
Preferred Stock, Voting Rights | Series A Convertible Preferred Stock are entitled to 250 votes for each share held. | |||||||||||||||||||||||||||||||
Asset Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of shares issued, shares | 3,084,831 | |||||||||||||||||||||||||||||||
Common stock issued, value | $ 120,000 | |||||||||||||||||||||||||||||||
Carmichael Option Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Aggregate stock option purchased | 125,000,000 | |||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.045 | |||||||||||||||||||||||||||||||
Number of vested shares | 75,000,000 | |||||||||||||||||||||||||||||||
Carmichael Option Agreement [Member] | Net Revenue Portion of the Option [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 50,000,000 | |||||||||||||||||||||||||||||||
Carmichael Option Agreement [Member] | Net Revenue Portion of the Option One [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 25,000,000 | |||||||||||||||||||||||||||||||
Share based payment | $ 3,500,000 | |||||||||||||||||||||||||||||||
Carmichael Option Agreement [Member] | Net Revenue Portion of the Option Two [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 25,000,000 | |||||||||||||||||||||||||||||||
Share based payment | $ 7,000,000 | |||||||||||||||||||||||||||||||
Carmichael Option Agreement [Member] | Net Revenue Portion of the Option Three [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 25,000,000 | |||||||||||||||||||||||||||||||
Share based payment | $ 10,500,000 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Fair value granted | $ 98,976 | |||||||||||||||||||||||||||||||
Exercisable price | $ 0.041 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 2,403,846 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | Net Revenue Portion of the Option [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 20,000,000 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | Bonus Option [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Aggregate stock option purchased | 30,000,000 | |||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0184 | |||||||||||||||||||||||||||||||
Number of vested shares | 10,000,000 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | Net Revenue Period [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 2,000,000 | |||||||||||||||||||||||||||||||
Number of vested shares, value | $ 5,000,000 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | Net Revenue Period [Member] | Additional Shares [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 3,000,000 | |||||||||||||||||||||||||||||||
Number of vested shares, value | $ 7,500,000 | |||||||||||||||||||||||||||||||
Constable Option Agreement [Member] | Net Revenue Period [Member] | Additional Shares [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of vested shares | 5,000,000 | |||||||||||||||||||||||||||||||
Number of vested shares, value | $ 10,000,000 | |||||||||||||||||||||||||||||||
Bonus Option [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Interest rate | 0.14% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 312.20% | |||||||||||||||||||||||||||||||
Stock options expense | $ 38,934 | 38,934 | ||||||||||||||||||||||||||||||
Fair value granted | $ 578,082 | |||||||||||||||||||||||||||||||
Bonus Option [Member] | Share Based Compensation Award Tranche One And Two [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options expense | $ 121,668 | |||||||||||||||||||||||||||||||
Stock Options Grant Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.036 | |||||||||||||||||||||||||||||||
Common stock shares purchase | 1,125,000 | |||||||||||||||||||||||||||||||
Interest rate | 0.21% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 304.77% | |||||||||||||||||||||||||||||||
Fair value granted | $ 38,369 | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 12.50% | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period | 2 years | |||||||||||||||||||||||||||||||
Blake Carmichael Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0399 | |||||||||||||||||||||||||||||||
Common stock shares purchase | 3,759,400 | |||||||||||||||||||||||||||||||
Interest rate | 0.25% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years 6 months | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 346.36% | |||||||||||||||||||||||||||||||
Stock options expense | $ 49,692 | |||||||||||||||||||||||||||||||
Fair value granted | $ 149,076 | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | 33.3% upon the execution of the agreement, 33% at the first anniversary date and 33% upon the second anniversary date. | |||||||||||||||||||||||||||||||
Weighted average contractual term | 33.3% of which shares vest immediately, 33.3% vest on the second anniversary, and 33.3% vest on the third anniversary of the agreement | |||||||||||||||||||||||||||||||
Blake Carmichael Agreement [Member] | Contract Year One [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of shares issued, shares | 500,000 | |||||||||||||||||||||||||||||||
Blake Carmichael Agreement One [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0399 | |||||||||||||||||||||||||||||||
Interest rate | 0.25% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years 6 months | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 346.36% | |||||||||||||||||||||||||||||||
Fair value granted | $ 713,777 | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | |||||||||||||||||||||||||||||||
Blake Carmichael Agreement One [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 18,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||
Option Grant Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 217,647 | 217,647 | 100,000 | 175,000 | 217,647 | 100,000 | ||||||||||||||||||||||||||
Expected life, minimum | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | 0% | 0% | 0% | ||||||||||||||||||||||||||||
Stock options expense | $ 483 | $ 966 | ||||||||||||||||||||||||||||||
Fair value granted | $ 8,239 | $ 3,863 | $ 7,149 | |||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum | 2.495% | 0.204% | 0.155% | |||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum | 2.602% | 0.20% | ||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 228.70% | 249.38% | ||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Maximum | 232.70% | 287.12% | ||||||||||||||||||||||||||||||
Option Grant Agreement [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.045 | $ 0.045 | $ 0.0419 | $ 0.049 | $ 0.045 | $ 0.0419 | ||||||||||||||||||||||||||
Expected life, minimum | 2 years | 2 years | ||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 287.12% | |||||||||||||||||||||||||||||||
Option Grant Agreement [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.038 | $ 0.038 | $ 0.040 | $ 0.044 | $ 0.038 | $ 0.040 | ||||||||||||||||||||||||||
Expected life, minimum | 1 year 6 months | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 3 years | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period | 1 year | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 249.38% | |||||||||||||||||||||||||||||||
Stock Option Grant Agreements [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options expense | $ 1,494 | $ 2,989 | ||||||||||||||||||||||||||||||
Christeen Buban [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.053 | $ 0.053 | ||||||||||||||||||||||||||||||
Common stock shares purchase | 300,000 | 300,000 | ||||||||||||||||||||||||||||||
Interest rate | 0.315% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years 6 months | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 339.21% | |||||||||||||||||||||||||||||||
Stock options expense | 1,977 | 3,953 | ||||||||||||||||||||||||||||||
Fair value granted | $ 15,814 | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 12.50% | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period | 2 years | |||||||||||||||||||||||||||||||
Weighted average contractual term | five years | |||||||||||||||||||||||||||||||
Buban Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0531 | $ 0.0531 | ||||||||||||||||||||||||||||||
Common stock shares purchase | 300,000 | 300,000 | ||||||||||||||||||||||||||||||
Stock options expense | $ 10,800 | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | |||||||||||||||||||||||||||||||
Buban Agreement [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 7,110,000 | 7,110,000 | ||||||||||||||||||||||||||||||
Buban Agreement One [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Interest rate | 0.315% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years 6 months | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 339.21% | |||||||||||||||||||||||||||||||
Fair value granted | $ 374,786 | |||||||||||||||||||||||||||||||
Exercise price of shares | $ 0.0531 | $ 0.0531 | ||||||||||||||||||||||||||||||
Stock Option Grant Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0531 | $ 0.0531 | ||||||||||||||||||||||||||||||
Interest rate | 0.21% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Expected volatility | 276.10% | |||||||||||||||||||||||||||||||
Stock options expense | 3,150 | 6,300 | ||||||||||||||||||||||||||||||
Fair value granted | $ 25,201 | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 12.50% | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period | 2 years | |||||||||||||||||||||||||||||||
Stock Option Grant Agreement [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 500,000 | 500,000 | ||||||||||||||||||||||||||||||
Non Qualified Stock Option Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 1,000,000 | |||||||||||||||||||||||||||||||
Interest rate | 2.59% | 1.016% | ||||||||||||||||||||||||||||||
Expected life, minimum | 2 years | 2 years | ||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | 0% | ||||||||||||||||||||||||||||||
Stock options expense | 283 | 565 | ||||||||||||||||||||||||||||||
Fair value granted | $ 29,161 | $ 2,259 | ||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 228.97% | 266.80% | ||||||||||||||||||||||||||||||
Exercisable price | $ 0.0325 | $ 0.032 | ||||||||||||||||||||||||||||||
Non Qualified Stock Option Agreement [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock shares purchase | 75,000 | |||||||||||||||||||||||||||||||
Option Grant Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options expense | 1,030 | 1,030 | ||||||||||||||||||||||||||||||
Non Qualified Stock Option Employee Agreement [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options expense | $ 9,720 | $ 9,720 | ||||||||||||||||||||||||||||||
Consultant [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock issued for services, shares | 85,106 | 121,212 | ||||||||||||||||||||||||||||||
Common stock issued for services, shares | $ 4,000 | $ 4,000 | ||||||||||||||||||||||||||||||
Number of shares issued, shares | 302,953 | |||||||||||||||||||||||||||||||
Common stock issued, value | $ 12,000 | |||||||||||||||||||||||||||||||
Convertible shares issued | 449,522 | |||||||||||||||||||||||||||||||
Convertible shares issued, value | $ 23,048 | |||||||||||||||||||||||||||||||
Employee benefit shares issued, shares | 280,000 | |||||||||||||||||||||||||||||||
Employee benefit shares issued, value | $ 11,060 | |||||||||||||||||||||||||||||||
Mr. Charles F. Hyatt [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of shares issued, shares | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||
Warrant exercise price | $ 0.025 | $ 0.025 | ||||||||||||||||||||||||||||||
Proceeds from Warrant Exercises | $ 250,000 | $ 250,000 | ||||||||||||||||||||||||||||||
Ms Grace Hyatt [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of shares issued, shares | 600,000 | 600,000 | ||||||||||||||||||||||||||||||
Warrant exercise price | $ 0.025 | $ 0.025 | ||||||||||||||||||||||||||||||
Proceeds from Warrant Exercises | $ 15,000 | $ 15,000 | ||||||||||||||||||||||||||||||
Robert Carmichael [Member] | Series A Convertible Preferred Stock [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Preferred Stock, Shares Outstanding | 425,000 | 425,000 | 425,000 | 425,000 | 425,000 | |||||||||||||||||||||||||||
One Contractor [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Stock options exercise price | $ 0.0406 | |||||||||||||||||||||||||||||||
Common stock shares purchase | 300,000 | |||||||||||||||||||||||||||||||
Interest rate | 2.469% | |||||||||||||||||||||||||||||||
Expected life, minimum | 2 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0% | |||||||||||||||||||||||||||||||
Stock options expense | $ 10,988 | $ 10,988 | ||||||||||||||||||||||||||||||
Fair value granted | $ 10,988 | |||||||||||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 4 years | |||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 232.41% | |||||||||||||||||||||||||||||||
Three Accredited Investors [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Number of shares issued, shares | 4,000,000 | |||||||||||||||||||||||||||||||
Warrant exercise price | $ 0.025 | |||||||||||||||||||||||||||||||
Proceeds from Warrant Exercises | $ 100,000 | |||||||||||||||||||||||||||||||
Law Firm [Member] | ||||||||||||||||||||||||||||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||
Common stock issued for compensation, shares | 1,000,000 | |||||||||||||||||||||||||||||||
Common stock issued for compensation | $ 27,500 |
Commitments and contingencies (
Commitments and contingencies (Details Narrative) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||
May 02, 2022 USD ($) | Jan. 17, 2022 USD ($) shares | Sep. 03, 2021 USD ($) $ / shares shares | Aug. 06, 2021 USD ($) | Aug. 01, 2021 USD ($) $ / shares shares | Jul. 12, 2021 USD ($) | Mar. 01, 2021 USD ($) shares | Nov. 05, 2020 USD ($) $ / shares shares | Jun. 30, 2020 USD ($) | Jun. 09, 2020 USD ($) | Nov. 11, 2018 USD ($) ft² | Jan. 04, 2018 USD ($) | Dec. 01, 2016 USD ($) | Aug. 14, 2014 USD ($) | Dec. 31, 2019 USD ($) | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) $ / shares shares | Nov. 05, 2021 $ / shares shares | Aug. 02, 2021 shares | May 06, 2019 USD ($) | |
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Lessee, Operating Lease, Term of Contract | 69 months | 61 months | 37 months | ||||||||||||||||||||
Payment of security deposit | $ 8,450 | $ 5,367 | |||||||||||||||||||||
Payments for Rent | $ 2,816 | $ 4,848 | $ 9,300 | $ 4,626 | $ 4,000 | ||||||||||||||||||
Percentage of annual operating expenses | 10.11% | 10.76% | |||||||||||||||||||||
Rent expense | $ 1,679 | $ 2,000 | |||||||||||||||||||||
Expiration date | Sep. 30, 2024 | ||||||||||||||||||||||
Rent increased percentage | 3.50% | 3% | 2.50% | 3% | |||||||||||||||||||
Area of Land | ft² | 8,025 | ||||||||||||||||||||||
Security Deposit | $ 6,527 | ||||||||||||||||||||||
Royalty increased percentage | 2.15% | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 234,595,913 | 234,595,913 | 233,128,266 | ||||||||||||||||||||
Exercise price | $ / shares | $ 0.0362 | $ 0.0362 | $ 0.0362 | ||||||||||||||||||||
Options exercisable price | $ / shares | $ 0.0322 | $ 0.0322 | |||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 1 year 9 months | ||||||||||||||||||||||
Commission rate, percentage | 7% | ||||||||||||||||||||||
Business Combination, Price of Acquisition, Expected | $ 2,000,000 | ||||||||||||||||||||||
Expected Volatility Rate | 6% | ||||||||||||||||||||||
Acquisition | $ 2,000,000 | ||||||||||||||||||||||
Share-Based Payment Arrangement, Expense | $ 4,142 | $ 8,284 | |||||||||||||||||||||
Accrued Professional Fees, Current | $ 15,870.97 | ||||||||||||||||||||||
Payments for Legal Settlements | $ 10,000 | ||||||||||||||||||||||
Estimated Litigation Liability | 1,000 | 1,000 | |||||||||||||||||||||
July 31, 2021 [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Billed amount | $ 8,840 | ||||||||||||||||||||||
Crone Law Group [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Payments for Rent | $ 3,000 | ||||||||||||||||||||||
Shares issued | shares | 1,000,000 | ||||||||||||||||||||||
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture | $ 27,500 | ||||||||||||||||||||||
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Minimum royalty | $ 60,000 | $ 15,000 | |||||||||||||||||||||
Payments for Royalties | $ 50,708 | $ 41,251 | 94,316 | $ 54,955 | |||||||||||||||||||
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member] | Fiscal Years 2024 [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Increases in minimum royalty | 60,000 | ||||||||||||||||||||||
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member] | December 31, 2023 [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Obligation to pay royalty | 180,000 | ||||||||||||||||||||||
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member] | Years 2019 Through 2024 [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Obligation to pay royalty | $ 200,174 | ||||||||||||||||||||||
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member] | Fiscal Year 2022 Through 2024 [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Minimum royalty | 60,000 | ||||||||||||||||||||||
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member] | Quarter 2022 Through 2024 [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Minimum royalty | $ 15,000 | ||||||||||||||||||||||
Constable Employment Agreement [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 200,000 | ||||||||||||||||||||||
Payments for Repurchase of Common Stock | $ 100,000 | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 5,434,783 | 2,403,846 | |||||||||||||||||||||
Exercise price | $ / shares | $ 0.0184 | $ 0.0401 | |||||||||||||||||||||
Options exercisable price | $ / shares | $ 0.0184 | ||||||||||||||||||||||
Common stock issued for Cash, shares | shares | 20,000,000 | ||||||||||||||||||||||
Constable Employment Agreement [Member] | Four Year Stock Option [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 2,000,000 | ||||||||||||||||||||||
Stock or Asset Acquisition of Third Party | $ 5,000,000 | ||||||||||||||||||||||
Constable Employment Agreement [Member] | Four Consecutive Fiscal Quarters One [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 3,000,000 | ||||||||||||||||||||||
Aggregate Value of Excess of Net Revenue | $ 7,500,000 | ||||||||||||||||||||||
Constable Employment Agreement [Member] | Four Consecutive Fiscal Quarters Two [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 5,000,000 | ||||||||||||||||||||||
Aggregate Value of Excess of Net Revenue | $ 10,000,000 | ||||||||||||||||||||||
Investor Relation Consulting Agreement [Member] | BMG Equity Partners, LLC [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Shares issued | shares | 3,000,000 | ||||||||||||||||||||||
Shares Issued, Value, Share-Based Payment Arrangement, before Forfeiture | $ 120,000 | ||||||||||||||||||||||
Blake Carmichael Agreement [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 120,000 | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 3,759,400 | ||||||||||||||||||||||
Exercise price | $ / shares | $ 0.0399 | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | ||||||||||||||||||||||
Vesting description | 33.3% of which shares vest immediately, 33.3% vest on the second anniversary, and 33.3% vest on the third anniversary of the agreement | ||||||||||||||||||||||
Expected Volatility Rate | 346.36% | ||||||||||||||||||||||
Share-Based Payment Arrangement, Expense | $ 49,692 | ||||||||||||||||||||||
Blake Carmichael Agreement One [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Exercise price | $ / shares | $ 0.0399 | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | ||||||||||||||||||||||
Expected Volatility Rate | 346.36% | ||||||||||||||||||||||
Blake Carmichael Agreement One [Member] | Maximum [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 18,000,000 | 18,000,000 | |||||||||||||||||||||
Buban Agreement [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 110,000 | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 300,000 | ||||||||||||||||||||||
Exercise price | $ / shares | $ 0.0531 | ||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | 5 years | ||||||||||||||||||||||
Share-Based Payment Arrangement, Expense | $ 10,800 | ||||||||||||||||||||||
Buban Agreement [Member] | Maximum [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number | shares | 7,110,000 | ||||||||||||||||||||||
Buban Agreement [Member] | Five Year Stock Option [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Exercise price | $ / shares | $ 0.0531 | ||||||||||||||||||||||
Gagas Employment Agreement [Member] | |||||||||||||||||||||||
Loss Contingencies [Line Items] | |||||||||||||||||||||||
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 50,000 |
Schedule of Segment Reporting I
Schedule of Segment Reporting Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Revenue from External Customer [Line Items] | |||||
Net Revenues | $ 2,401,238 | $ 1,712,918 | $ 4,376,207 | $ 2,663,687 | |
Cost of Revenue | (1,538,404) | (1,115,609) | (2,837,613) | (1,755,406) | |
Gross Profit | 862,834 | 597,309 | 1,538,594 | 908,281 | |
Income (Loss) from operations | (319,140) | (247,610) | (753,038) | (694,780) | |
Total Assets | 5,399,011 | 5,399,011 | $ 4,673,961 | ||
Operating Segments [Member] | |||||
Revenue from External Customer [Line Items] | |||||
Net Revenues | 2,401,238 | 1,712,918 | 4,376,208 | 2,663,687 | |
Cost of Revenue | (1,538,404) | (1,115,609) | (2,837,613) | (1,755,406) | |
Gross Profit | 862,834 | 597,309 | 1,538,595 | 908,281 | |
Depreciation | 32,943 | 7,167 | 66,802 | 13,396 | |
Income (Loss) from operations | (319,140) | (315,303) | (753,038) | (694,780) | |
Total Assets | 5,399,011 | 2,505,045 | 5,399,011 | 2,505,045 | |
Legacy SSA Products [Member] | Operating Segments [Member] | |||||
Revenue from External Customer [Line Items] | |||||
Net Revenues | 797,022 | 976,973 | 1,378,131 | 1,443,016 | |
Cost of Revenue | (558,426) | (668,246) | (1,020,384) | (1,038,072) | |
Gross Profit | 238,596 | 308,727 | 357,747 | 404,944 | |
Depreciation | 4,369 | 4,748 | 8,739 | 8,560 | |
Income (Loss) from operations | (334,967) | (314,279) | (704,557) | (758,430) | |
Total Assets | 1,535,945 | 1,529,702 | 1,535,945 | 1,529,702 | |
High Pressure Gas Systems [Member] | Operating Segments [Member] | |||||
Revenue from External Customer [Line Items] | |||||
Net Revenues | 270,193 | 207,565 | 547,010 | 357,693 | |
Cost of Revenue | (140,248) | (113,499) | (301,039) | (194,677) | |
Gross Profit | 129,945 | 94,066 | 245,971 | 163,016 | |
Depreciation | |||||
Income (Loss) from operations | 41,705 | 40,224 | 82,164 | 49,590 | |
Total Assets | 540,583 | 302,088 | 540,583 | 302,088 | |
Ultra Portable Tankless Dive Systems [Member] | Operating Segments [Member] | |||||
Revenue from External Customer [Line Items] | |||||
Net Revenues | 884,271 | 528,380 | 1,678,858 | 862,978 | |
Cost of Revenue | (570,027) | (333,864) | (986,985) | (522,657) | |
Gross Profit | 314,244 | 194,516 | 691,873 | 340,321 | |
Depreciation | 4,478 | 2,419 | 8,956 | 4,836 | |
Income (Loss) from operations | 17,461 | (41,248) | 34,223 | 14,060 | |
Total Assets | 1,236,449 | 673,255 | 1,236,449 | 673,255 | |
Redundant Air Tank Systems [Member] | Operating Segments [Member] | |||||
Revenue from External Customer [Line Items] | |||||
Net Revenues | 399,479 | 721,935 | |||
Cost of Revenue | (255,568) | (515,070) | |||
Gross Profit | 143,911 | 206,865 | |||
Depreciation | 24,096 | 49,107 | |||
Income (Loss) from operations | (46,576) | (168,105) | |||
Total Assets | 1,825,787 | 1,825,787 | |||
Guided Tour Retail [Member] | Operating Segments [Member] | |||||
Revenue from External Customer [Line Items] | |||||
Net Revenues | 50,274 | 50,274 | |||
Cost of Revenue | (14,136) | (14,136) | |||
Gross Profit | 36,138 | 36,138 | |||
Depreciation | |||||
Income (Loss) from operations | 3,237 | 3,237 | |||
Total Assets | $ 260,247 | $ 260,247 |
Segment Reporting (Details Narr
Segment Reporting (Details Narrative) | 3 Months Ended |
Mar. 31, 2022 Integer | |
Segment Reporting [Abstract] | |
Number of operating segments | 5 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - SSI [Member] - USD ($) | Aug. 15, 2022 | Jun. 29, 2022 | Jan. 19, 2022 | Aug. 01, 2022 |
Subsequent Event [Line Items] | ||||
Operating lease, description | The lease has a 33 month term beginning in August 2022 with a monthly lease payment of $2,571. | |||
Lessee, finance lease, term of contract | 36 months | 33 months | ||
Short-Term Lease Payments | $ 2,571 | $ 3,522 | ||
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Purchase price | $ 84,500 | |||
Proceeds from related party | $ 63,375 |