BWMG Brownies Marine Group Inc (QB)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

 

(Mark One)

 

	☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the quarterly period ended September 30, 2023

 

or

 

	☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
		For the transition period from ___________to _________

 

Commission file number 333-99393

 

BROWNIE’S MARINE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Florida		90-0226181
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

 

3001 NW 25th Avenue, Suite 1
Pompano Beach, Florida		33069
(Address of principal executive offices)		(Zip code)

 

(954) 462-5570

Registrant’s telephone number, including area code

 

Not applicable

Former name, former address and former fiscal year, if changed since last report

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
None		Not applicable		Not applicable

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐	Accelerated filer ☐
Non-accelerated filer ☒	Smaller reporting company ☒
	Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

 

As of November 14, 2023, there were 439,211,134 shares of common stock outstanding.

 

 

 

TABLE OF CONTENTS

 

		Page No.
	PART I – FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS.	4
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.	24
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	35
ITEM 4.	CONTROLS AND PROCEDURES.	35
	PART II – OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS.	37
ITEM 1A.	RISK FACTORS.	37
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.	37
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES.	37
ITEM 4.	MINE SAFETY DISCLOSURES.	37
ITEM 5.	OTHER INFORMATION.	37
ITEM 6.	EXHIBITS.	38

 

 

NOTE REGARDING FORWARD-LOOKING INFORMATION

 

This Quarterly Report includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “likely,” “aim,” “will,” “would,” “could,” and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs.

 

You should read thoroughly this Quarterly Report with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by risk factors included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 30, 2023, which risk factors could adversely impact our business and financial performance. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made, except as required by applicable law.

 

 

PART I

 

ITEM 1. FINANCIAL STATEMENTS

 

BROWNIE’S MARINE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

 

		September 30, 2023				December 31, 2022
		(Unaudited)
ASSETS
Current Assets
Cash		$	287,868			$	484,427
Accounts receivable – net			240,041				111,844
Accounts receivable – related parties			47,741				55,428
Accounts receivable			47,741				55,428
Inventory, net			2,046,071				2,421,885
Prepaid expenses and other current assets			230,243				192,130
Total current assets			2,851,964				3,265,714
Property, equipment and leasehold improvements, net			364,914				339,546
Operating lease assets, net			941,714				1,133,092
Intangible assets, net			592,072				646,422
Goodwill			249,986				249,986
Other assets			30,725				30,724
Total assets		$	5,031,375			$	5,665,484
Liabilities and stockholders’ equity
Current liabilities
Accounts payable and accrued liabilities		$	591,197			$	829,456
Accounts payable – related parties			37,210				37,539
Customer deposits and unearned revenue			344,989				167,534
Other liabilities			346,636				372,943
Operating lease liabilities			287,555				269,046
Related party convertible demand note, net			100,880				49,147
Current portion of convertible notes			345,949				-
Current maturities long term debt			72,787				66,486
Total current liabilities			2,127,203				1,792,151
Loans payable, net of current portion			90,446				143,960
Convertible notes, net of current portion			-				342,943
Operating lease liabilities			658,597				864,057
Total liabilities			2,876,246				3,143,111
Commitments and contingent liabilities (see Note 9)			-				-
Stockholders’ equity
Preferred stock; $0.001 par value: 10,000,000 shares authorized; 425,000 issued and outstanding as of September 30, 2023 and December 31, 2022.			425				425
Common stock; $0.0001 par value; 1,000,000,000 shares authorized; 437,543,846 shares issued and outstanding at September 30, 2023 and 425,520,662 shares issued and outstanding at December 31, 2022, respectively.			43,755				42,553
Common stock payable 138,941 shares and 138,941 shares, respectively as of September 30, 2023 and December 31, 2022.			14				14
Additional paid-in capital			19,164,745				18,916,876
Accumulated deficit			(17,053,810	)			(16,437,495	)
Total stockholders’ equity		$	2,155,129			$	2,522,373
Total liabilities and stockholders’ equity		$	5,031,375			$	5,665,484

 

The accompanying condensed notes are an integral part of these unaudited consolidated financial statements

 

 

BROWNIES MARINE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

THREE AND NINE MONTHS ENDED SEPTEMBER 30

(Unaudited)

 

		Three months ended September 30								Nine months ended September 30
		2023				2022				2023				2022
Revenues
Revenues		$	2,027,592			$	2,591,383			$	5,321,577			$	6,403,522
Revenues - related parties			254,414				217,421				671,194				781,489
Total Revenues			2,282,006				2,808,804				5,992,771				7,185,011
Cost of revenues
Cost of revenues			1,372,755				1,667,586				3,734,350				4,121,071
Cost of revenues - related parties			116,976				106,693				325,037				365,892
Cost of revenues			116,976				106,693				325,037				365,892
Royalties expense - related parties			23,569				22,961				49,264				53,574
Royalties expense			31,335				54,708				107,308				149,024
Total cost of revenues (exclusive of depreciation and amortization shown separately below)			1,544,635				1,851,948				4,215,959				4,689,561
Gross profit			737,371				956,856				1,776,812				2,495,450
Operating expenses
Selling, general and administrative			765,683				1,194,178				2,205,047				3,410,717
Depreciation and amortization			42,106				30,540				121,343				97,342
Research and development costs			7,355				4,778				10,778				13,070
Total operating expenses			815,144				1,229,496				2,337,168				3,521,129
Loss from operations			(77,773	)			(272,640	)			(560,356	)			(1,025,679	)
Other (income) expense, net
Interest expense			(20,776	)			(11,549	)			(55,959	)			(31,265	)
Income (Loss) income before provision for income taxes			(98,549	)			(284,189	)			(616,315	)			(1,056,944	)
Provision for income taxes			-				-				-				-
Net Income (Loss)			(98,549	)			(284,189	)			(616,315	)			(1,056,944	)
Loss on foreign currency contract			-				8,633				-				-
Comprehensive loss		$	(98,549	)		$	(275,556	)		$	(616,315	)		$	(1,056,944	)
Basic income (loss) per common share		$	(0.00	)		$	(0.00	)		$	(0.00	)		$	(0.00	)
Basic weighted average common shares outstanding			437,196,851				411,816,671				433,169,015				407,202,475
Diluted income (loss) per common share		$	(0.00	)		$	(0.00	)		$	(0.00	)		$	(0.00	)
Diluted weighted average common shares outstanding			437,196,851				411,816,671				433,169,015				407,202,475

 

The accompanying condensed notes are an integral part of these unaudited consolidated financial statements

 

 

BROWNIE’S MARINE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE NINE MONTHS ENDED SEPTEMBER, 2023 AND 2022

(Unaudited)

 

			Preferred Stock								Common Stock								Common Stock Payable								Additional Paid-in				Accumulated Other Comprehensive Income				Accumulated				Total Stockholder’s Equity
			Shares				Amount				Shares				Amount				Shares				Amount				Capital				(Loss)				Deficit				(DEFICIT)
December 31, 2022			425,000			$	425				425,520,662			$	42,553				138,941			$	14			$	18,916,876			$	-			$	(16,437,495	)		$	2,522,373
Shares issued for the purchase of units			-				-				11,428,570				1,143				-				-				198,857				-				-				200,000
Shares issued for accrued interest on convertible notes			-				-				198,204				20				-				-				8,316				-				-				8,336
Stock Option Expense			-				-				-				-				-				-				11,034				-				-				11,034
Net Loss			-				-				-				-				-				-				-				-				(327,922	)			(327,922	)
March 31, 2023 (unaudited)			425,000			$	425				437,147,436			$	43,716				138,941			$	14			$	19,135,083			$	-			$	(16,765,417	)			2,413,821
Shares issued for accrued interest on convertible notes			-				-				198,205				20				-				-				8,306				-				-				8,326
Stock option expense			-				-				-				-				-				-				7,188				-				-				7,188
Net loss			-				-				-				-				-				-				-				-				(189,844	)			(189,844	)
June 30, 2023 (unaudited)			425,000			$	425				437,345,641			$	43,736				138,941			$	14			$	19,150,577			$	-			$	(16,955,261	)		$	2,239,491
Common stock Issued for Accrued Interest on Convertible Notes			-				-				198,205				19				-				-				6,983				-				-				6,983
Stock option expense																											7,185												7,185
Net Income			-				-				-				-				-				-				-				-				(98,549	)			(98,549	)
September 30, 2023 (unaudited)			425,000			$	425				437,543,846			$	43,755				138,941			$	14			$	19,164,745			$	-			$	(17,053,810	)		$	2,155,129

 

		Preferred Stock								Common Stock								Common Stock Payable								Additional Paid-in				Accumulated Other Comprehensive Income					Accumulated				Total Stockholder’s Equity
		Shares				Amount				Shares				Amount				Shares				Amount				Capital				(Loss)					Deficit				(DEFICIT)
December 31, 2021			425,000			$	425				393,850,475			$	39,386				138,941			$	14			$	17,132,434			$	-				$	(14,544,604	)		$	2,627,655
Shares issued for the exercise of warrants			-				-				10,600,000				1,060				-				-				263,940				-					-				265,000
Shares issued for service			-				-				1,206,318				120				-				-				35,380				-					-				35,500
Stock option expense			-				-				-				-				-				-				230,034				-					-				230,034
Net loss			-				-				-				-				-				-				-				-					(444,092	)			(444,092	)
Other comprehensive income			-				-				-				-				-				-				-				1,587					-				1,587
March 31, 2022 (unaudited)			425,000			$	425				405,656,793			$	40,566				138,941			$	14			$	17,661,788			$	1,587				$	(14,988,696	)		$	2,715,684
Shares issued for service			-				-				302,953				30				-				-				11,970				-					-				12,000
Shares issued for asset purchase			-				-				3,084,831				308				-				-				119,692				-					-				120,000
Shares issued for accrued interest on convertible notes			-				-				449,522				45				-				-				23,003				-					-				23,048
Shares issued for employee bonus			-				-				280,000				28				-				-				11,032				-					-				11,060
Stock option expense			-				-				-				-				-				-				290,707				-					-				290,707
Net loss																																				(328,663	)			(328,663	)
Other comprehensive income			-				-				-				-				-				-				-				(10,220	)				-				(10,220	)
June 30, 2022 (unaudited)			425,000			$	425				409,774,099			$	40,977				138,941			$	14			$	18,118,192			$	(8,633	)			$	(15,317,359	)		$	2,833,616
Common Stock issued for the purchase of units			-				-				8,541,666				854												204,146													205,000
Stock Issued for Accrued Interest on Convertible Notes			-				-				136,527				14				-				-				6,986				-					-				7,000
Beneficial Conversion Feature			-				-				-				-				-				-				19,250				-					-				19,250
Stock option expense			-				-				-				-				-				-				315,152				-					-				315,152
Net Income			-				-				-				-				-				-				-				-					(284,189	)			(284,189	)
Net Income (Loss)			-				-				-				-				-				-				-				-					(284,189	)			(284,189	)
Other Comprehensive Loss			-				-				-				-				-				-				-				8,633					-				8,633
Other Comprehensive income (Loss)			-				-				-				-				-				-				-				8,633					-				8,633
September 30, 2022 (unaudited)			425,000			$	425				418,452,292			$	41,845				138,941			$	14			$	18,663,726			$	-				$	(15,601,548	)		$	3,104,462

 

The accompanying condensed notes are an integral part of these unaudited consolidated financial statements

 

 

BROWNIE’S MARINE GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED SEPTEMBER 30,

(Unaudited)

 

		2023				2022
Cash flows provided by operating activities:
Net loss		$	(616,315	)		$	(1,056,944	)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization			121,343				97,342
Amortization of debt discount			7,786				2,767
Amortization of right-of-use asset			191,378				177,258
Shares issued for accrued interest in convertible notes			23,668				-
Common stock issued for services			-				47,500
Reserve for debt			-				2,978
Reserve for slow moving inventory			-				(82,446	)
Reserve for Nomad recall			(93,161	)			-
Stock based compensation - Options			25,404				835,893
Stock based compensation - stock grant			-				11,060
Changes in operating assets and liabilities
Change in accounts receivable, net			(128,197	)			(48,579	)
Change in accounts receivable - related parties			7,687				21,959
Change in inventory			375,814				(371,514	)
Change in prepaid expenses and other current assets			(101,804	)			(87,851	)
Change in other assets			-				(5,900	)
Change in accounts payable and accrued liabilities			(238,260	)			140,713
Change in customer deposits and unearned revenue			177,455				(18,894	)
Change in long term lease liability			(186,951	)			(177,732	)
Change in other liabilities			66,854				31,450
Change in accounts payable - related parties			(329	)			(18,772	)
Net cash used in operating activities			(367,628	)			(499,712	)
Cash flows acquired (used) in investing activities:
Cash used in asset acquisition			-				(30,000	)
Purchase of fixed assets			(28,671	)			(30,290	)
Net cash used in investing activities			(28,671	)			(60,290	)
Cash flows from financing activities:
Proceeds from issuance of units			200,000				205,000
Proceeds from exercise of Warrants			-				265,000
Proceeds of debt - related party			50,000				66,793
Repayment of debt			(50,260	)			(42,858	)
Net cash acquired in financing activities			199,740				493,935
Net change in cash			(196,559	)			(66,067	)
Cash, beginning balance			484,427				643,143
Cash, end of period		$	287,868			$	577,076
Supplemental disclosures of cash flow information:
Cash Paid for Interest		$	32,289			$	10,549
Supplemental disclosure of non-cash financing activities:
Operating lease obtained for operating lease liability		$	-			$	920,615
Common Stock issued for asset acquisition		$	-			$	120,000
Beneficial conversion feature on convertible note, related party		$	-			$	19,250
Common Stock issued for payment of convertible note interest		$	23,667			$	30,048
Fixed asset purchase through the issuance of debt		$	63,689			$	63,375

 

The accompanying condensed notes are an integral part of these unaudited consolidated financial statements

 

 

BROWNIE’S MARINE GROUP, INC. AND SUBSIDIARIES

CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2023

(UNAUDITED)

 

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 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.

 

Note 2. Basis of Presentation and Summary of Significant Accounting Policies

 

Basis of Presentation

 

The 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, 2022 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 for a broader discussion of the Company’s business and the risks inherent in such business. The results of operations for the nine months ended September 30, 2023, and are not necessarily indicative of results to be expected for any other interim period or the fiscal year ending December 31, 2023.

 

8

 

 

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 GAAP 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 per EIN. At September 30, 2023 and December 31, 2022, the Company had no amount in excess of the FDIC insured limit.

 

Accounts receivable

 

The Company manufactures and sells its products to a broad range of customers, primarily retail stores. Few customers are provided with payment terms of 30 days. The Company has tracked historical loss information for its trade receivables and compiled historical credit loss percentages for different aging categories (current, 1–30 days past due, 31–60 days past due, 61–90 days past due, and more than 90 days past due).

 

In accordance with ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), management believes that the historical loss information it has compiled is a reasonable base on which to determine expected credit losses for trade receivables held at September 30, 2023, because the composition of the trade receivables at that date is consistent with that used in developing the historical credit-loss percentages (i.e., the similar risk characteristics of its customers and its lending practices have not changed significantly over time). As a result, management applied the applicable credit loss rates to determine the expected credit loss estimate for each aging category. Accordingly, the allowance for expected credit losses at September 30, 2023 totaled $28,558.

 

Inventory

 

Inventory consists of the following:

 

Schedule of Inventory

		September 30, 2023 (unaudited)				December 31, 2022
Raw materials		$	1,052,975			$	1,207,957
Work in process			60,006				80,727
Finished goods			1,045,156				1,302,995
Rental Equipment			55,893				55,893
Allowance reserve			(167,959	)			(225,687	)
Inventory, net		$	2,046,071			$	2,421,885

 

As of September 30, 2023 and December 31, 2022, the Company recorded allowances for obsolete or slow-moving inventory of $166,698 and $166,432, respectively.

 

9

 

 

Revenue Recognition

 

The Company recognizes revenue in accordance with ASC Topic 606 Revenue from Contracts with Customers. The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied. The Company typically satisfies its performance obligations in contracts with customers upon shipment of the goods. Generally, payment is due upon receipt of the invoice and the contracts do not have significant financing components. Product sales occur once control or title is transferred based on the commercial terms. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. Product sales are recorded net of variable consideration, such as provisions for returns, discounts and promotional allowances. Such provisions are calculated based on the actual allowances given. Management believes that adequate provision has been made for cash discounts, returns, spoilage and promotional allowances based on the Company’s historical experience.

 

A breakdown of the total revenue between related party and non-related party revenue is as follows:

 

Schedule of Related Party and Non-Related Party Revenue

		2023				2022				2023				2022
		Three months ended September 30								Nine months ended September 30
		2023				2022				2023				2022
		(unaudited)				(unaudited)				(unaudited)				(unaudited)
Revenues		$	2,027,592			$	2,591,383			$	5,321,577			$	6,403,522
Revenues - related parties			254,414				217,421				671,194				781,489
Total Revenues		$	2,282,006			$	2,808,804			$	5,992,771			$	7,185,011

 

See further disaggregate revenue disclosures by segment and product type in Note 10.

 

Cost of Sales

 

Cost of sales consists of the cost of the components of finished goods, the costs of raw materials utilized in the manufacture of products, in-bound and out-bound freight charges, direct manufacturing labor as well as certain internal transfer costs, warehouse expenses incurred prior to the manufacture of the Company’s finished products, inventory allowance for excess and obsolete products, and royalties paid on licensing agreements. Components account for the largest portion of the cost of sales. Components include plastic molded parts, gas powered engines, aluminum pressure bottles, electronic parts, batteries and packaging materials.

 

The breakdown of cost of sales to include cost of sales for related party and non-related party as well as the related party and non-related party royalty expense is as follows:

 

Schedule of Related Party and Non-Related Party Cost of Revenue

		2023				2022				2023				2022
		Three months ended September 30								Nine months ended September 30
		2023				2022				2023				2022
		(unaudited)				(unaudited)				(unaudited)				(unaudited)
Cost of revenues		$	1,372,755			$	1,667,586			$	3,734,350			$	4,121,071
Cost of revenues - related parties			116,976				106,693				325,037				365,892
Cost of revenues			116,976				106,693				325,037				365,892
Royalties expense - related parties			23,569				22,961				49,264				53,574
Royalties expense			31,335				54,708				107,308				149,024
Total cost of revenues		$	1,544,635			$	1,851,948			$	4,215,959			$	4,689,561

 

10

 

 

Lease Accounting

 

The Company accounts 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. The Company elected the practical expedients permitted under the transition guidance of the new standard that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. The Company did not reassess whether any contracts entered into prior to adoption are leases or contain leases.

 

The Company categorizes leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow the Company 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. The Company did not have any finance leases as of September 30, 2023. The Company’s leases generally have terms that range from three years for equipment and five to twenty years for property. The Company elected the accounting policy to include both the lease and non-lease components of its 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 the Company. 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 the Company has 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 the Company we will exercise the option, it considers 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 nine months ended September 30, 2023, lease expenses were approximately $110,700 and approximately $327,900, respectively. For the three and nine months ended September 30, 2022, lease expenses were approximately $76,300 and approximately $205,000, respectively. Cash paid for operating liabilities for the three and nine months ended September 30, 2023 was approximately $84,000 and approximately $245,000, respectively. For the nine months ended September 30, 2022 cash paid for operating liabilities was approximately $204,500.

 

Supplemental balance sheet information related to leases was as follows:

 

Schedule of Supplemental Balance Sheet Information

Operating Leases		September 30, 2023
			(unaudited)
Right-of-use assets		$	941,714
Current lease liabilities		$	287,555
Non-current lease liabilities			658,597
Total lease liabilities		$	946,152

 

Stock-Based Compensation

 

The Company accounts 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.

 

The Company uses the Black-Scholes valuation model to calculate the fair value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued on the effective date of the agreement in accordance with generally accepted accounting principles, which includes determination of the fair value of the share-based transaction. The fair value is determined through use of the quoted stock price.

 

11

 

 

Derivatives

 

The accounting treatment of derivative financial instruments requires that the Company record certain warrants and embedded conversion options at their fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into certain note agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy, by earliest issuance date, in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors, as long as the certain variable issuance terms in certain convertible instruments exist. As of September 30, 2023, the Company did not have any derivative liabilities.

 

Loss per share of common stock

 

Basic loss 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 loss 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 September 30, 2023 and September 30, 2022, 149,612,199 and 249,177,870 shares, respectively, of potentially dilutive shares were not recognized as their inclusion would be anti-dilutive. These shares reflect shares potentially issuable under convertible notes, outstanding warrants, outstanding stock options and the conversion of preferred stock.

 

Recent accounting pronouncements

 

ASU 2016-13 Current Expected Credit Loss (ASC326)

 

In December 2021, the FASB issued an 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 was adopted on January 1, 2023, with no effect to the financial statements.

 

ASU 2020-06 Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity.

 

In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exceptions. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of the standard on the consolidated financial statements.

 

Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our financial statements upon adoption or are not applicable.

 

12

 

 

Note 3. Going Concern

 

The accompanying 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 nine months ended September 30, 2023, the Company incurred a net loss of $616,315. At September 30, 2023, the Company had an accumulated deficit of $17,053,810. Despite a working capital surplus of approximately $724,961 at September 30, 2023, the continued losses and cash used in operations raise substantial doubt as to the Company’s ability to continue as a going concern for the twelve months after the date the financial statements were issued. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to increase revenues, control expenses, raise capital and sustain adequate working capital to finance its operations. The failure to achieve the necessary levels of profitability and cash flows would be detrimental to the Company. The consolidated financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

 

Note 4. Related Party Transactions

 

The Company sells products to Brownie’s Southport Divers, Brownie’s Yacht Toys and Brownie’s Palm Beach Divers, companies owned by the brother of Robert Carmichael, the Company’s Chief Executive Officer 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 9.9% and 12.1% of the net revenues for the three months ended September 30, 2023 and September 30, 2022, respectively, and 11.2% and 12.9% for the nine months ending September 30 2023 and 2022, respectively. Accounts receivable from these entities totaled $39,477 and $53,079, at September 30, 2023 and December 31, 2022, respectively.

 

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 $8,264 and $2,349 at September 30, 2023 and December 31, 2022, respectively.

 

The Company had accounts payable to related parties of $37,210 and $37,539 at September 30, 2023 and December 31, 2022, respectively. The balance payable at September 30, 2023 was comprised of $23,713 due to 940 A, $8,497 due to Robert Carmichael and $5,000 due to Blake Carmichael. At December 31, 2022, the balance payable was comprised of $29,559 due to 940 A, $2,980 due to BGL and $5,000 due to Robert Carmichael.

 

The Company has exclusive license agreements with 940 A to license the trademark “Brownie’s Third Lung”, “Tankfill”, “Brownie’s Public Safety” and various other related trademarks as listed in the agreements. The agreements provide that the Company pay 2.5% of gross revenues per quarter as a royalty to 940A. Total royalty expense for the three months ended September 30, 2023 and September 30, 2022 was $54,904 and $77,669, respectively. For the nine months ended September 30, 2023 and September 30, 2022 the royalty expense totaled $156,572 and $202,598, respectively. The accrued royalty for September 30, 2023 was $7,513 and is included in other liabilities.

 

On September 30, 2022, the Company issued a convertible demand 8% promissory note in the principal amount of $66,793 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note, and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day value weighted average price (“VWAP”) of the Company’s stock prior to the quarterly interest payment date. The note holder may demand payment or convert the outstanding principal at a conversion rate of $0.021 per share at any time. The conversion rate was calculated at a 35% discount to the 90 day VWAP of the Company’s stock as of the date of the note. The Company recorded $19,250 for the beneficial conversion feature. As this conversion rate is a fixed rate, the embedded conversion feature is not a derivative liability. There were payments totaling $3,047 made with products in kind during the nine months ended September 30, 2023. The outstanding balance on this note was $63,746 as of September 30, 2023.

 

On January 18, 2023 and February 18, 2023, the Company issued to Charles Hyatt, a Company director, an aggregate of 11,428,570 units, with each unit consisting of one share of common stock and a two-year common stock purchase warrant to purchase one share of common stock at an exercise price of $0.0175 per share in consideration of $200,000.

 

On September 14, 2023, the Company issued a convertible demand 8% promissory note in the principal amount of $50,000 to Robert Carmichael for funds to meet the working capital needs of BLU3. There is no amortization schedule for the note, and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day value weighted average price (“VWAP”) of the Company’s stock prior to the quarterly interest payment date. The note holder may demand payment or convert the outstanding principal at a conversion rate of $0.01351 per share at any time. The conversion rate was calculated at a 35% discount to the 90 day VWAP of the Company’s stock as of the date of the note. The Company recorded $-0- for the beneficial conversion feature. As this conversion rate is a fixed rate, the embedded conversion feature is not a derivative liability. The outstanding balance on this note was $50,000 as of September 30, 2023.

 

13

 

 

On March 31, 2023, the Company issued 61,204 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending March 31, 2023. The fair value of these shares was $1,336.

 

On June 30, 2023, the Company issued 61,677 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending June 30, 2023. The fair value of these shares was $1,287.

 

On September 30, 2023, the Company issued 61,677 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending September 30, 2023. The fair value of these shares was $1,287.

 

Note 5. Convertible Promissory Notes and Loans Payable

 

Convertible Promissory Notes

 

Convertible promissory notes consisted of the following at September 30, 2023:

 

 Schedule of Convertible Debentures

Origination Date		Maturity Date		Interest Rate				Origination Principal Balance				Original Discount Balance				Period End Principal Balance				Period End Discount Balance				Period End Balance, Net				Accrued Interest Balance			Reg.
9/03/21		9/03/24			8	%			346,500				(12,355	)		$	346,500			$	(4,010	)		$	342,490				-		(1)
9/03/21		9/03/24			8	%			3,500				(125	)			3,500				(42	)			3,458				-		(2)
9/30/22		Demand			8	%			66,793				(19,245	)			63,746				(12,865	)			50,881				-		(3)
9/14/23		Demand			8	%			50,000				-				50,000				-				50,000				-		(4)
																$	463,746			$	(16,917	)		$	446,829			$	-

 

A breakdown of current and long-term amounts due are as follows for the convertible promissory notes as of September 30, 2023:

 

Schedule Convertible Promissory Notes

		Summit Holdings V,				Tierra Vista Partners,				Robert Carmichael				Robert Carmichael
		LLC Note				LLC Note				Note				Note				Total
2023		$	-			$	-			$	63,746			$	50,000			$	113,746
2024			346,500				3,500				-				-				350,000
Discount			(4,010	)			(42	)			(12,865	)			-				(16,917	)
Total Loan Payments		$	342,490			$	3,458			$	50,881			$	50,000			$	446,829
Current Portion of Loan Payable		$	(342,490	)		$	(3,458	)		$	(50,881	)		$	(50,000	)		$	(446,829	)
Non-Current Portion of Loan Payable		$	-			$	-			$	-			$	-			$	-

 

(1)

On September 3, 2021, the Company issued a three-year 8% convertible promissory note in the principal amount of $346,500 to Summit Holding V, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in shares of common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 per share at any time during the term of the note. The Company recorded $12,355 for the beneficial conversion feature. This note is classified as a current liability for this period.

 

Schedule of Future Amortization of Notes Payable

		Payment Amortization
2023 (9 months)		$	-
2024			346,500
Total Note Payments		$	346,500
Current portion of note payable			(346,500	)
Non-Current Portion of Notes Payable		$	-

 

(2)

On September 3, 2021, the Company issued a three-year 8% promissory note in the principal amount of $3,500 to Tierra Vista Partners, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 at any time up to the maturity date of the note. The Company recorded $125 for the beneficial conversion feature. This note is classified as a current liability for this period.

 

Schedule of Future Amortization of Notes Payable

		Payment Amortization
2023 (9 months)		$	-
2024			3,500
Total Note Payments		$	3,500
Current portion of note payable			(3,500	)
Non-Current Portion of Notes Payable		$	-

 

14

 

 

(3)

On September 30, 2022, the Company issued a convertible demand 8% promissory note in the principal amount of $66,793 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day VWAP of the Company’s stock prior to the quarterly interest payment date. This note is classified as a current liability as the note holder may demand payment or convert the outstanding principal at a conversion rate of $0.021 per share at any time. The Company recorded $19,250 for the beneficial conversion feature.

 

(4)

On September 14, 2023, the Company issued a convertible demand 8% promissory note in the principal amount of $50,000 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day VWAP of the Company’s stock prior to the quarterly interest payment date. This note is classified as a current liability as the note holder may demand payment or convert the outstanding principal at a conversion rate of $0.01351 per share at any time. The Company recorded $-0- for the beneficial conversion feature.

 

(5)

 

Loans Payable

 

 Schedule of Future Amortization of Loans Payable

		Mercedes				Navitas				NFS				Navitas 2022
		BMG (1)				BLU3 (2)				SSI (3)				BLU3 (4)				Total
2023 (9 months)		$	2,792			$	3,365			$	8,379			$	4,738			$	19,274
2024			11,168				16,629				26,279				21,228				75,304
2025			8,686				18,024				12,328				23,610				62,648
2026			-				6,007				-				-				6,007
Total Loan Payments		$	22,646			$	44,025			$	46,986			$	49,576			$	163,233
Current Portion of Loan Payable		$	(10,626	)		$	(16,297	)		$	(25,193	)		$	(20,671	)		$	(72,787	)
Non-Current Portion of Loan Payable		$	12,020			$	27,728			$	21,793			$	28,905			$	90,446

 

(1)

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 is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of September 30, 2023 was $22,646 and $31,023 as of December 31, 2022.

 

(2)

On May 19, 2021, BLU3 executed an equipment finance agreement with Navitas Credit Corp. (“Navitas”) to finance the purchase of certain plastic molding equipment. The amount financed is $75,764 payable over 60 equal monthly installments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $44,025 and $54,930 as of December 31, 2022.

 

(3)

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 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of September 30, 2023 and December 31, 2022 was $46,986 and $60,804, respectively.

 

(4)

On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $49,576 and $63,689 as of December 31, 2022.

 

Note 6. Business Combination

 

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.

 

15

 

 

In consideration for the assets purchased, the Company paid $150,000 to the LLC Members. The purchase price was paid by (a) the 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; and (b) a cash payment of $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 from Closing Date		Percentage of shares eligible to be sold or transferred
6 months		Up to 25.0%
9 months		Up to 50.0%
12 months		Up to 100.0%

 

The leak-out restriction may be waived by the Company, upon written request by a LLC Member, 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.”

 

The transaction costs associated with the acquisition were $10,000 in legal fees paid in cash, and are included in the purchase price allocation in the table below.

 

While the agreement was structured as an asset purchase agreement, we also assumed the operations of Gulf Coast Scuba resulting in the recognition of a business combination. During 2022, we recognized revenue of $212,876 and net loss of $75,579 associated with this business. The business combination was not material for the purpose of disclosing pro forma financial information. In connection with this transaction, we recognized the following assets and liabilities:

 

Summary of Asset Acquisition

		Fair Value
Rental Inventory		$	48,602
Fixed Assets			50,579
Retail Inventory			60,819
Right of use asset			29,916
Lease liability			(29,916	)
Net Assets Acquired		$	160,000

 

Note 7. Goodwill and Intangible Assets, Net

 

The following table sets for the changes in the carrying amount of the Company’s Goodwill for the nine months ended September 30, 2023.

 

Summary of Changes in Goodwill

		2023
Balance, January 1		$	249,986
Addition:			-
Balance, September 30		$	249,986

 

The Company performed an evaluation of the value of goodwill at December 31, 2022. Based upon this evaluation it was determined that there should be no adjustment to goodwill. There has been nothing noted during the nine months ended September 30, 2023 that would indicate that the value of goodwill should change through that date.

 

16

 

 

The following table sets for the components of the Company’s intangible assets at September 30, 2023:

 

Summary of Intangible Assets

		Amortization Period (Years)				Cost				Accumulated Amortization				Net Book Value
Intangible Assets Subject to amortization
Trademarks			15			$	121,000			$	(16,761	)		$	104,239
Customer Relationships			10				600,000				(125,000	)			475,000
Non-Compete Agreements			5				22,000				(9,167	)			12,833
Total						$	743,000			$	(150,928	)		$	592,072

 

The aggregate amortization remaining on the intangible assets as of September 30, 2023 is a follows:

 

Schedule of Estimated Intangible Assets Amortization Expense

		Intangible Amortization
2023 (3 months remaining)			18,162
2024			72,466
2025			72,467
2026			71,367
2027			68,066
Thereafter			289,544
Total		$	592,072

 

Amortization expense for amortizable intangible assets for both the three months ended September 30, 2023 and 2022 was 18,117, respectively. Amortization expense for both the nine months ended September 30, 2023 and 2022 was 54,350, respectively.

 

Note 8. Stockholders’ Equity

 

Common Stock

 

On January 18, 2023 and February 18, 2023, the Company issued to Charles Hyatt, an aggregate of 11,428,570 units, with each unit consisting of one share of common stock and a two-year common stock purchase warrant to purchase one share of common stock at an exercise price of $0.0175 per share in consideration of $200,000.

 

On March 31, 2023, the Company issued 61,204 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending March 31, 2023. The fair value of these shares was $1,336.

 

On March 31, 2023, the Company issued an aggregate of 137,000 shares of common stock to the holders of convertible notes for payment of interest for the three months ending December 31, 2022. The fair value of these shares was $7,000.

 

On June 30, 2023, the Company issued 61,205 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending June 30, 2023. The fair value of these shares was $1,326.

 

On June 30, 2023, the Company issued an aggregate of 137,000 shares of common stock to the holders of convertible notes for payment of interest for the three months ending June 30, 2023. The fair value of these shares was $7,000.

 

On September 30, 2023, the Company issued 61,205 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending September 30, 2023. The fair value of these shares was $1,326.

 

On September 30, 2023, the Company issued an aggregate of 137,000 shares of common stock to the holders of convertible notes for payment of interest for the three months ending September 30, 2023. The fair value of these shares was $7,000.

 

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 shares of blank check preferred stock. The blank check preferred stock as authorized has such voting powers, designations, preferences, limitations, restrictions and relative rights as may be determined by the Board of Directors of the Company from time to time in accordance with the provisions of the Florida Business Corporation Act. In April 2011, the Board of Directors designated 425,000 shares as Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into a share of the Company’s common stock at any time at the option of the holder at a conversion price of $18.23 per share. Holders of shares of Series A Convertible Preferred Stock are entitled to 250 votes for each share held. The Company’s common stock and Series A Convertible Preferred Stock vote together on any matters submitted to our shareholders. As of September 30, 2023, and December 31, 2022, the 425,000 shares of Series A Convertible Preferred Stock are owned by Robert Carmichael.

 

17

 

 

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 shares are reserved for issuance under the Plan. The term of the Plan is ten years.

 

The Company also issued options outside of the Plan that were not approved by the security holders. These options may be granted to employees, directors, and consultants in the form of incentive stock options or non-qualified stock options.

 

Equity Compensation Plan Information as of September 30, 2023:

 

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			3,319,118			$	0.0401				21,680,882
Equity Compensation Plans Not Approved by Security Holders			105,971,520				0.0258				—
Total			109,290,638			$	0.0262				21,680,882

 

Options

 

The Company has issued options to purchase approximately 105,971,520 shares of its common stock at an average exercise price of $0.0262 with a fair value of approximately $37,000. For the three and nine months ended September 30, 2023, the Company issued no options to purchase shares.

 

For the three months ended September 30, 2023 and 2022, the Company recognized an expense of approximately $7,200 and $315,000, respectively and for the nine months ended September 30, 2023 and 2022, the Company recognized an expense of approximately $25,000 and $847,000, respectively, of non-cash compensation expense (included in General and Administrative expense in the accompanying Consolidated Statement of Operations) determined by application of a Black-Scholes option pricing model with the following inputs: exercise price, dividend yields, risk-free interest rate, and expected annual volatility. As of September 30, 2023, the Company had approximately $1,504,700 of unrecognized pre-tax non-cash compensation expense related to performance based options to purchase shares, which the Company expects to recognize, based on a weighted-average period of 2.7 years. The Company uses straight-line amortization of compensation expense over the requisite service period for time-based options. For performance-based options the Company evaluates the likelihood of a vesting qualification being met, and will establish the expense based on that evaluation. The maximum contractual term of the Company’s stock options is 5 years. The Company recognizes forfeitures and expirations as they occur. Options to purchase approximately 57,877,500 shares have vested as of September 30, 2023.

 

18

 

 

The Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:

 

Schedule of Valuation Assumptions of Options

		Nine Months ended September 30,
		2023				2022
Expected volatility			172.0% - 346.4	%			172.0 – 346.4	%
Expected term			1.50 – 5.0 Years				1.5 – 5.0 Years
Risk-free interest rate			0.16% - 4.64	%			0.16% - 2.10	%
Forfeiture rate			0.17	%			0.03	%

 

The expected volatility was determined with reference to the historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury rate in effect at the time of grant.

 

A summary of the status of the Company’s outstanding stock options as of September 30, 2023 and December 31, 2022 and changes during the periods ending on such dates is as follows:

 

Schedule of Outstanding Stock Option Activity

		Number of				Weighted Average Exercise				Weighted Average Remaining Contractual				Aggregate Intrinsic
		Options				Price				Life in Years				Value
Outstanding at December 31, 2021			233,128,266			$	0.0362				2.23
Granted			5,710,901				0.0281
Forfeited			(400,000	)			0.0354
Exercised			-				-
Cancelled			-				-
Outstanding – December 31, 2022			238,439,167			$	0.0360				1.43
Exercisable – December 31, 2022			111,558,754			$	0.0321				1.33			$	68,994
Granted			-				-
Forfeited			(129,148,529	)			0.0443
Exercised			-				-
Cancelled			-				-
Outstanding – September 30, 2023			109,290,638			$	0.0262				1.99
Exercisable – September 30, 2023			57,877,504			$	0.0217				1.54			$	36,983

 

The following table summarizes information about employee stock options outstanding at September 30, 2023.

 

Summary of Exercise Price of Employee Stock Options Outstanding

Range of Exercise Price			Number outstanding at September 30, 2023				Weighted average remaining life				Weighted average exercise price				Number exercisable at September 30, 2023				Weighted average exercise price				Weighted average remaining life
$	0.0180 - $0.0225			70,730,020				1.47			$	0.0182				45,730,020			$	0.0181				1.12
$	0.0229 - $0.0325			5,018,254				3.79			$	0.0267				4,993,254			$	0.0267				3.79
$	0.0360 - $0.0425			25,457,364				2.82			$	0.0398				6,179,230			$	0.0395				2.76
$	0.0440 - $0.0531			8,085,000				2.81			$	0.0529				975,000			$	0.0520				1.96
	Outstanding options			109,290,638				1.99				0.0262				57,877,504				0.0217				1.54

 

At September 30, 2023, there was approximately $1,504,755 of unrecognized stock option expense which may be recognized only if the full vesting requirements for these options are met.

 

At September 30, 2023, there was approximately $44,992 of total unrecognized stock option expense which is expected to be recognized on a straight-line basis over a weighted-average period of 0.95 years.

 

19

 

 

Warrants

 

On January 18, 2023 and February 18, 2023, the Company issued to Charles Hyatt, an aggregate of 11,428,570 units, with each unit consisting of one share of common stock and a two-year common stock purchase warrant to purchase one share of common stock at an exercise price of $0.0175 per share in consideration of $200,000.

 

A summary of the Company’s warrants as of December 31, 2022 and changes during the nine months ended September 30, 2023 is presented below:

 

Schedule of Warrant Activity

		Number of Warrants				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life in Years				Aggregate Intrinsic Value
Outstanding – December 31, 2022			18,255,951			$	0.0245				1.55			$	12,000
Granted			11,428,570			$	0.0175
Exercised			-
Forfeited or Expired			4,000,000-
Outstanding – September 30, 2023			25,684,521			$	0.0247				1.18
Exercisable – September 30, 2023			25,684,521			$	0.0247				1.18			$	24,000

 

Note 9. Commitments and contingencies

 

Royalty Agreement

 

On June 30, 2020, the Company entered into Amendment No. 2 to its Patent License Agreement with Setaysha Technical Solutions, LLC (“STS”). The Amendment, among other things, provides that STS provide 30 hours per week of commercialization support for its NextGen licensed products without charge. In consideration therefor, the Company agreed to an increased minimum yearly royalty payment of $60,000 for years 2022, 2023 and 2024, with a yearly fourth quarter true up against earned royalties. In addition, if the Company terminates the Agreement with STS prior to December 31, 2023, the Company is obligated to pay STS $180,000, less cumulative royalties paid in excess of $334,961 for the years 2019 through 2024. Royalty recorded under the Amendment was $31,335 and $54,708 for the three months ended September 30, 2023 and 2022, respectively and $107,308 and $149,024 for the nine months ended September 30, 2023 and 2022, respectively.

 

20

 

 

Consulting and Employment Agreements

 

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 served 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 received (i) an annual base salary of $200,000, payable in accordance with the customary payroll practices of the Company, and (ii) upon execution of the Constable Employment Agreement and on each anniversary thereof, a non-qualified immediately exercisable five-year option to purchase that number of shares equal to $100,000 of the value of the Company’s common stock at an exercise price equal to the market price of the Company’s common stock on the date of issuance. Accordingly, on November 5, 2020, Mr. Constable was issued an option to purchase 5,434,783 shares of common stock at an exercise price of $0.0184 per share, on November 5, 2021, Mr. Constable was issued an option to purchase 2,403,846 shares of the Company’s common stock at an exercise price of $0.0401 per share and on November 5, 2022, Mr. Constable was issued an option to purchase 3,968,254 shares of the Company’s common stock at an exercise price of $0.0252 per share.

 

In addition, Mr. Constable was entitled to receive four-year stock options to purchase shares of common stock at an exercise price of $0.0184 per share in the following amounts based upon the following performance milestones during the term of the Constable Employment Agreement: (i) 2,000,000 shares, if the Company’s total net revenues, as reported in its statement of operations in its financial statements in its filings with the SEC, including as a result of a stock or asset acquisition of a third party (“Net Revenues”) are in excess of $5,000,000, in the aggregate, for four consecutive fiscal quarters; (ii) 3,000,000 shares, if the Company’s Net Revenues are in excess of $7,500,000, in the aggregate, for four consecutive fiscal quarters; (iii) 5,000,000 shares, if the Company’s Net Revenues are in excess of $10,000,000, in the aggregate, for four consecutive fiscal quarters; and (iv) 20,000,000 shares, if the Company’s common stock is listed on the NASDAQ or New York Stock Exchange.

 

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 served as Chief Executive Officer of BLU3. In consideration for his services, Blake Carmichael received (i) an annual base salary of $120,000, payable in accordance with the customary payroll practices of the Company, (ii) a cash bonus equal to 5% of the net income of BLU3, payable quarterly, beginning with the first full calendar quarter after the execution of the agreement, and (iii) upon execution of the Carmichael Employment Agreement, a non-qualified five-year stock option to purchase 3,759,400 shares at $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-year stock option to purchase up to 18,000,000 shares of common stock at an exercise price of $0.0399 per share that will vest upon annual financial metrics based upon a revenue measurement, expediency measurement and an EBITDA measurement. A measurement was made for the three and nine months ended September 30, 2023 resulting in no additional expense since the vesting criteria were not met.

 

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, payable in accordance with the customary payroll practices of the Company, (ii) a car allowance and cell phone allowance of $10,800 per year, (iii) a five-year option issued under the Plan to purchase 300,000 shares of common stock of the Company at $0.0531 per share, which option vests quarterly over the eight calendar quarters.

 

In addition, Mrs. Buban shall be entitled to receive a five-year stock option to purchase up to 7,110,000 shares of common stock of the Company at an exercise price of $0.0531 per share, which vests upon the attainment of certain defined annual financial metrics, as set forth in the Buban Employment Agreement. A measurement was made for the three and nine months ended September 30, 2023 and no expense was recorded based upon the vesting criteria not being met.

 

21

 

 

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 therefore, the Company will pay CLG a monthly flat fee of $3,000 for SEC reporting work and its normal hourly rate for other legal work and issued 1,000,000 shares of common stock with a fair market value of $27,500 to CLG.

 

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 of a three year lease for the property located at 259 Commercial Blvd., Suites 2 and 3 in Lauderdale-By-The Sea, Florida for $2,816 per month base rent. The lease expired on March 31, 2023 and LBI is currently renting on a month to month basis. LBI has the option to renew the lease for a two year term with an increase of base rent of 3.5%.

 

On September 14, 2022, SSI entered into a sixty-month lease renewal for its facility in Huntington Beach, California commencing on February 1, 2022 with base rent of approximately $17,550 per month for the first 24 months with an annual escalation clause of 3.0% thereafter. Obligations under the lease are guaranteed by the Company. The Company paid an additional security deposit of $10,727 upon entering into the lease.

 

On September 30, 2022, SSI entered into a sublease of its facility in Huntington Beach, California with Camburg Engineering, Inc. (“Tenant”) commencing October 1, 2022, The term of the sublease is through December 31, 2023, with a base monthly rent of $2,247 for the first twelve months with a 3% annual escalation thereafter. The Tenant also pays a monthly common area maintenance of $112. The Tenant provided a security deposit of $2,426 upon entering into the sublease.

 

On December 22, 2022, the U.S. Consumer Products Safety Commission (the “CPSC”) issued a voluntary recall notice for the Nomad tankless dive system, which is distributed by BLU3, Inc. As part of the recall procedure, the CPSC has approved the Company’s proposed remedy for the recall and BLU3 will begin to receive units back from consumers to repair affected Nomad units. The Company has evaluated the costs of this recall and has deemed it necessary to set an allowance of $160,500 for such costs. During the three and nine months ended September 30, 2023 the Company repaired and returned 133 and 653 units, respectively, to customers resulting in a reduction of the reserve of $-0- and $93,161 for the three and nine months ended September 30, 2023, respectively.

 

Note 10. Segment Reporting

 

The Company has five operating segments as described below:

 

	1.	SSA Products, which sells recreational multi-diver surface supplied air diving systems.
	2.	High Pressure Gas Systems, which sells high pressure air and industrial gas compressor packages.
	3.	Ultra-Portable Tankless Dive Systems, which sells next generation electric surface supply air diving systems and electric shallow dive systems 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 retail store for the diving community.

 

22

 

 

Schedule of Segment Reporting Information

		2023				2022				2023				2022				2023				2022				2023				2022				2023				2022				2023				2022
																		Three Months Ended September 30 (unaudited)
		Legacy SSA Products								High Pressure Gas Systems								Ultra Portable Tankless Dive Systems								Redundant Air Tank Systems								Guided Tour Retail								Total Company
		2023				2022				2023				2022				2023				2022				2023				2022				2023				2022				2023				2022
Net Revenues		$	942,411			$	913,785			$	76,093			$	350,839			$	476,963			$	980,169			$	667,191			$	471,051			$	119,348			$	92,959			$	2,282,006			$	2,808,804
Cost of Revenue			(715,309	)			(578,234	)			(77,147	)			(254,649	)			(324,799	)			(587,997	)			(352,444	)			(321,984	)			(74,941	)			(109,083	)			(1,544,635	)			(1,851,948	)
Depreciation/Amortization			2,792				4,370				-				-				7,885				4,479				28,928				19,054				2,501				2,637				42,106				30,540
Gross Profit			227,105				335,551				(1,054	)			96,190				152,164				392,172				314,747				149,067				44,407				(16,124	)			737,371				956,856
Income (loss) from Operations		$	104,433			$	(154,667	)		$	(89,959	)		$	6,904			$	(176,477	)		$	14,699			$	92,948			$	(91,169	)		$	(7,932	)		$	(48,408	)			(77,773	)			(272,640	)

  

		2023				2022				2023				2022				2023				2022				2023				2022				2023				2022				2023				2022
																		Nine Months ended September 30 (unaudited)
		Legacy SSA Products								High Pressure Gas Systems								Ultra Portable Tankless Dive Systems								Redundant Air Tank Systems								Guided Tour Retail								Total Company
		2023				2022				2023				2022				2023				2022				2023				2022				2023				2022				2023				2022
Net Revenues		$	2,005,718			$	2,291,916			$	651,579			$	897,849			$	1,540,298			$	2,659,027			$	1,539,675			$	1,192,986			$	255,501			$	143,233			$	5,992,771			$	7,185,011
Cost of Revenue			(1,612,265	)			(1,598,618	)			(441,587	)			(555,688	)			(1,045,784	)			(1,574,982	)			(953,752	)			(837,054	)			(162,571	)			(123,219	)			(4,215,959	)			(4,689,561	)
Depreciation/Amortization			11,365				13,109				-				-				15,534				13,435				87,021				68,161				7,423				2,637				121,343				97,342
Gross Profit			393,453				693,298				209,992				342,161				494,514				1,084,045				585,923				355,932				92,930				20,014				1,776,812				2,495,450
Income (loss) from operations		$	(44,897	)		$	(859,224	)		$	(81,643	)		$	89,068			$	(371,095	)			48,922			$	(10,960	)		$	(259,274	)		$	(51,761	)		$	(45,171	)			(560,356	)		$	(1,025,679	)
Total Assets		$	1,293,941			$	1,511,872			$	311,831			$	383,827			$	624,592			$	1,193,570			$	2,465,100			$	2,739,757			$	194,286			$	249,898			$	5,031,375			$	6,078,924

 

Note 11. Subsequent Events

 

On November 14, 2023, the Company borrowed funds through the issuance of a promissory note (the Note) in the principal amount of $150,000 to Charles Hyatt, a Company director, for working capital requirements and payment of certain expenses in connection with the Company’s business combinations. The maturity date of the Note is May 7, 2024 (the “Maturity Date”). The Note bears interest at a rate of 9.9% per annum, and a default interest of 18% per annum. Interest payments shall be due and payable on a monthly basis. The Company may prepay the Note in whole or in part, at any time without premium or penalty.

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and related notes appearing in this Quarterly Report. Some of the information contained in this discussion and analysis or set forth elsewhere in this Quarterly Report, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. As a result of many factors, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis. Forward-looking statements represent our management’s beliefs and assumptions only as of the date of this Quarterly Report. Actual future results may be materially different from what we expect. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made, except as required by applicable law.

 

The management’s discussion and analysis of our financial condition and results of operations are based upon our unaudited financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

 

Overview

 

The Company owns and operates a portfolio of companies with a concentration in the industrial and recreational diving industry. The Company, through its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems and scuba and water safety products in the United States and internationally.

 

The Company has five subsidiaries focused on various sub-sectors:

 

	●	Brownie’s Third Lung - Surface Supplied Air (“SSA”)
	●	BLU3, Inc. - Ultra-Portable Tankless Dive Systems
	●	LW Americas - High Pressure Gas Systems
	●	Submersible Systems, Inc. - Redundant Air Tank Systems
	●	Live Blue, Inc. – Guided Tours and Retail

 

Our wholly owned subsidiaries do business under their respective trade names on both a wholesale and retail basis from our headquarters and manufacturing facility in Pompano Beach, Florida, a manufacturing facility in Huntington Beach, California, and a retail facility in Lauderdale-By-The-Sea, Florida.

 

The Company, through its wholly owned subsidiaries, designs, tests, and manufactures tankless dive systems, rescue air systems and yacht-based self-contained underwater breathing apparatus (“SCUBA”) air compressor and nitrox generation fill systems. In addition, the Company is the exclusive distributor for North and South America for Lenhardt & Wagner GmbH (“L&W”) compressors in the high-pressure breathing air and industrial gas markets. The Company is also building a guided tour operation that includes dive retail. Lastly, The Company is the exclusive United States and Caribbean distributor for Chrysalis Trading CC, a South African manufacturer of fitness and dive equipment, doing business as Bright Weights (“Bright Weights”), of a dive ballast system produced in South Africa.

 

 

Results of Operations

 

Net Revenues, Costs of Net Revenues and Gross Profit

 

Three Months Ended September 30, 2023 Compared to Three Months Ended September 30, 2022

 

Net revenues decreased 18.8% for the three months ended September 30, 2023 as compared to the three months ended September 30, 2022 as a result of a decrease in revenues in LWA and BLU3. Net revenue for BLU3 decreased 51.3% as a direct result of the recall of the NOMAD dive system during the fourth quarter of 2022 and the loss of sales momentum as well as a soft demand in many areas of BLU3’s market. The decrease in LWA’s revenue can be attributed to manufacturing delays in production. The decrease in LWA and BLU3’s revenues was partially offset by increased revenues in LBI, BTL and SSI. SSI’s increase can be attributed to the continued momentum of the Company’s newest product, HEED3 as well as increased demand from international users of their Spare Air product line.

 

For the three months ended September 30, 2023, cost of net revenues was 67.7% as compared with the cost of net revenues of 65.9% for the three months ended September 30, 2022. The cost increase as a percentage of revenue, can be directly attributed to the cost of direct labor, which accounted for a larger portion of costs and significantly impacted the profit margin. Included in cost of net revenues are royalty expenses paid to Robert Carmichael which decreased 2.6% for the three months ended September 30, 2023 as compared to the three months ended September 30, 2022.

 

Gross profit margin was 32.3% for the three months ended September 30, 2023 as compared to gross profit margin of 34.1% for the three months ended September 30, 2022. The reduction in gross margin, is directly attributable to BTL’s margin of 27.3% and LWA’s margin of (6.4)%.

 

Nine Months Ended September 30, 2023 Compared to Nine Months Ended September 30, 2022

 

Net revenues decreased 16.6% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022 as a result of a decrease in revenues in BTL, LWA and BLU3. Net revenues for BLU3 decreased 42.1% as a direct result of the recall of the NOMAD dive system during the fourth quarter of 2022 and the slow ramp in production while repairing recalled units as well as the loss of sales momentum due to the recall. Both BLU3 and BTL’s sales showed weakness due to soft demand at the distribution levels as we believe their customer base was in a conservative posture over concerns for the US and world economy. BTL’s revenue decreased 12.5% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022. LWA’s revenue decreased 27.4% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022. The decrease in LWA’s revenues can be attributed to delays in production by our manufacturer which has impacted LWA’s ability to deliver certain lines of product. The decrease in revenues in BLU3, LWA and BTL was partially offset by increased revenue in LBI and SSI attributable to the continued momentum of the Company’s newest product, HEED3 as well as increased demand from international users of their Spare Air product line.

 

 

For the nine months ended September 30, 2023, cost of net revenues was 70.4% as compared with the cost of net revenues of 65.3% for the nine months ended September 30, 2022. The cost increase as a percentage of revenue, can be directly attributed to the cost of direct labor, which accounted for a larger portion of costs and significantly impacted the profit margin. Included in cost of net revenues are royalty expenses paid to Robert Carmichael which decreased 8.0% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022.

 

Gross profit margin was 29.6% for the nine months ended September 30, 2023 as compared to gross profit margin of 34.7% for the nine months ended September 30, 2022. The reduction in gross margin is directly attributable to reduced margins across all companies primarily attributed to reduced sales volume thereby increasing the weight of manufacturing labor negatively impacting gross margin.

 

The following tables provides net revenues, total costs of net revenues and gross profit margins for our segments for the periods presented.

 

Revenues

 

		Three Months Ended												Nine Months Ended
		September 30,								% of				September 30,								% of
		2023				2022				Change				2022				2021				Change
		(unaudited)												(unaudited)
Legacy SSA Products		$	942,411			$	913,785				3.1	%		$	2,005,718			$	2,291,916				(12.5	)%
High Pressure Gas Systems			76,093				350,839				(78.3	)%			651,579				897,849				(27.4	)%
Ultra-Portable Tankless Dive Systems			476,963				980,169				(51.3	)%			1,540,298				2,659,027				(42.1	)%
Redundant Air Tank Systems			667,191				471,051				41.6	%			1,539,675				1,192,986				29.1	%
Guided Tour Retail			119,348				92,959				28.4	%			255,501				143,233				78.4	%
Total net revenues		$	2,282,006			$	2,808,803				(18.8	)%		$	5,992,771			$	7,185,011				(16.6	)%

 

Cost of revenues as a percentage of net revenues

 

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
		(unaudited)								(unaudited)
Legacy SSA Products			75.9	%			63.3	%			80.4	%			69.8	%
High Pressure Gas Systems			101.4	%			72.6	%			67.8	%			61.9	%
Ultra-Portable Tankless Dive Systems			68.1	%			60.0	%			67.9	%			59.2	%
Redundant Air Tank Systems			52.8	%			68.4	%			61.9	%			70.2	%
Guided Tour Rental			62.8	%			117.3	%			63.6	%			86.0	%

 

Gross profit (loss) margins

 

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2023				2022				2023				2022
		(unaudited)								(unaudited)
Legacy SSA Products			24.1	%			36.7	%			19.6	%			30.2	%
High Pressure Gas Systems			(1.4	)%			27.4	%			32.2	%			38.1	%
Ultra-Portable Tankless Dive Systems			31.9	%			40.0	%			32.1	%			40.8	%
Redundant Air Tank Systems			47.2	%			31.6	%			38.1	%			29.8	%
Guided Tour Rental			37.2	%			(17.3	)%			36.4	%			14.0	%

 

 

SSA Products

 

Revenues decreased 12.5% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022. The decrease in revenue can be attributed to both the dealer and direct to consumer revenue channels decreasing 20.2% and 4.2% for the nine months ended September 30, 2023 and September 30, 2022, respectively. This decrease may likely be attributable to economic concerns that were lingering from late 2022. Our dealers have indicated that they were taking a conservative approach in the offseason to conserve cash for the season. BTL was able to stimulate some demand during the nine months ended September 30, 2023 with a discounting program. Affiliate sales, while the smallest segment of revenue increased 40.8% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022.

 

The costs of revenues as a percentage of net revenues in this segment increased from 69.8% to 80.4% for the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to a decrease in margins in the Direct to Consumer and Dealer revenue channels, as a result of the discounting to stimulate revenue.

 

A breakdown of the revenue channels for this segment are below. Direct to Consumer represents items sold via our website, trade shows and walk-ins to our factory store. Dealer revenue represents sales to customers under dealer agreements which typically have lower margins. Affiliates are resellers of our products with which we do not have formal dealer arrangements.

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin
		Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				% change				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
Dealers		$	515,868			$	514,566				0.3	%			75.2	%			70.3	%			24.8	%			29.7	%
Direct to Consumer (website included)			404,636				375,680				7.2	%			81.7	%			55.3	%			18.3	%			44.7	%
Affiliates			21,907				23,539				(6.9	)%			48.9	%			36.5	%			51.1	%			63.5	%
Total		$	942,411			$	913,785				3.1	%			64.1	%			63.3	%			35.9	%			36.7	%

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin
		Nine months ended September 30,				Nine months ended September 30,				%				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,
		2023				2022				change				2023				2022				2023				2022
Dealers		$	1,103,526			$	1,383,321				(20.2	)%			88.1	%			74.8	%			11.9	%			25.2	%
Direct to Consumer (website included)			801,693				837,214				(4.2	)%			72.2	%			59.4	%			27.8	%			40.6	%
Affiliates			100,499				71,381				40.8	%			67.0	%			92.3	%			33.0	)%			7.7	%
Total		$	2,005,718			$	2,291,916				(12.5	)%			78.9	%			69.8	%			21.1	%			30.2	%

 

 

High Pressure Gas Systems

 

Sales of high-pressure breathing air compressors decreased 27.4% for the nine months ended September 30, 2023 from the nine months ended September 30, 2022, with the three months ended September 30, 2023 decreaseing 78.3% from the three months ended September 30, 2022. The decrease in revenues can be directly attributed to delays in the manufacturing from our supply chain.

 

Costs of revenues as a percentage of net revenues in this segment increased to 63.3% for the nine months ended September 30, 2023 from 61.9% for the nine months ended September 30, 2022. This increase in cost as a percentage of revenue can be attributed to volume discounting for the large reseller in Mexico, which caused reseller cost of sales for the three months ended September 30, 2023 to decreased to 70.5% as compared to 72.5% for the three months ended September 30, 2022.

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin
		Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				% change				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
Resellers		$	8,579			$	316,914				(97.3	)%			72.0	%			76.1	%			28.0	%			23.9	%
Direct to Consumers			85,657				20,903				309.8	%			64.0	%			28.1	%			36.0	%			71.9	%
Original Equipment Manufacturers			(18,143	)			12,022				(250.9	)%			68.4	%			57.4	%			31.6	%			42.6	%
Total		$	76,093			$	349,839				(78.3	)%			70.5	%			72.6	%			29.5	%			27.4	%

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin
		Nine months ended September 30,				Nine months ended September 30,				%				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,
		2023				2022				change				2023				2022				2023				2022
Resellers		$	372,760			$	556,454				(33.0	)%			69.3	%			65.6	%			30.7	%			34.4	%
Direct to Consumers			196,516				216,148				(9.1	)%			40.5	%			55.3	%			59.5	%			44.7	%
Original Equipment Manufacturers			82,303				125,247				(10.5	)%			66.8	%			57.0	%			33.2	%			43.0	%
Total		$	651,579			$	897,849				(27.4	)%			63.3	%			61.9	%			36.7	%			38.1	%

 

 

Ultra Portable Tankless Dive Systems

 

Revenue for the nine months ended September 30, 2023 in the Ultra Portable Tankless Dive System segment decreased 42.1% as compared to the nine months ended September 30, 2022 as a result of the loss of sales momentum from the recall of the NOMAD dive system in the fourth quarter of 2022. Revenue was down across all channels with the largest lost to the dealer channel with a drop of 64.6% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022.

 

Cost of revenues from this segment as a percentage of net revenues for the nine months ended September 30, 2023 increased to 67.8% from 59.2% for the nine months ended September 30, 2022. The increase in cost of revenue as compared to revenue was impacted by increased direct labor costs in connection with the recalled product. In addition, BLU3 discounted its selling price in order to stimulate demand in all of its diving systems during the nine months ended September 30, 2023.

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin
		Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				% change				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
Direct to Consumer		$	140,153			$	366,178				(61.7	)%			74.2	%			67.3	%			25.8	%			32.7	%
Dealers			49,857				410,513				(87.9	)%			53.6	%			44.6	%			46.4	%			55.4	%
Amazon			286,953				203,478				41.0	%			55.9	%			78.0	%			44.1	%			22.0	%
Total		$	476,963			$	980,169				(51.3	)%			64.2	%			60.0	%			35.8	%			40.0	%

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin as a % of Net Revenue
		Nine months ended September 30, 2023				Nine months ended September 30, 2022				% change				Nine months ended September 30, 2023				Nine months ended September 30, 2022				Nine months ended September 30, 2023				Nine months ended September 30, 2022
Direct to Consumer		$	770,727			$	906,133				(14.9	)%			71.2	%			57.6	%			28.8	%			42.4	%
Dealers			304,109				859,633				(64.6	)%			76.0	%			54.1	%			24.0	%			45.9	%
Amazon			465,462				893,261				(47.9	)%			56.4	%			65.8	%			43.6	%			34.2	%
Total		$	1,540,298			$	2,659,027				(42.1	)%			67.8	%			59.2	%			32.2	%			40.8	%

 

 

Redundant Air Tank Systems

 

Revenue in the Redundant Air Tank Systems System segment increased 29.1% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022. This increase can be attributed to increases in the Commercial, Government and Repairs sales channels increasing 203.4%, 81.8% and 93.3%, respectively, for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022. These channels are drivers of sales volume for the new HEED3 product line and have also seen increased quantity orders from the scuba related dealer base on the Spare Air product. These increases were offset by a decrease in the direct to consumer channel of 31.4% for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022.

 

The margins for the nine months ended September30, 2023 increased to 38.1% as compared to 29.8% for the nine months ended September 30, 2022 as the margins across all channels improved. This improvement can be attributed to the increased revenue from the HEED3 product which provides higher margins than SSI’s traditional product Spare Air, as well as a price increase implemented for 2023.

 

SSI has a worldwide customer base that includes (1) commercial accounts with aircraft requiring redundant air systems for their pilots and passengers, such as helicopters flying to oil rigs located in bodies of water (2) government accounts that are typically domestic and international military customers with egress systems (3) dealer accounts that are resellers including, international distributors to the military, commercial account or dive shops, including domestic and international dive shops that carry a spare air product (4) direct to consumer sales which are online sales and sales via trade shows direct to consumer and (5) Company provided repairs and warranty repairs to all segments.

 

		Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				% change				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
Commercial		$	390,681			$	73,691				430.2	%			47.1	%			45.8	%			55.8	%			54.2	%
Dealers			206,482				329,739				(37.4	)%			69.6	%			69.1	%			36.5	%			30.9	%
Government			32,205				14,017				129.8	%			29.9	%			76.5	%			64.3	%			23.5	%
Repairs			5,316				2,620				50.7	%			257.4	%			569.6	%			(139.2	)%			(469.6	)%
Direct to Consumers (Website)			32,507				50,984				(36.2	)%			36.0	%			68.0	%			64.0	%			32.0	%
Total		$	667,191			$	471,051				41.6	%			54.3	%			68.4	%			45.7	%			31.6	%

 

		Revenue												Cost of Revenue as a % of Revenue								Margin
		Nine months ended September 30,				Nine months ended September 30,				%				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,
		2023				2022				change				2023				2022				2023				2022
Commercial		$	536,566			$	176,847				203.4	%			47.0	%			44.5	%			53.0	%			55.5	%
Dealers			747,534				792,081				(5.6	)%			68.6	%			74.3	%			31.4	%			25.7	%
Government			121,282				66,729				81.8	%			29.5	%			45.1	%			70.5	%			54.9	%
Repairs			41,510				21,478				93.3	%			267.3	%			276.8	%			(167.3	)%			(176.8	)%
Direct to Consumers (Website)			93,156				135,851				(31.4	)%			45.9	%			59.2	%			54.1	%			40.8	%
Total		$	1,540,048			$	1,192,986				29.1	%			61.9	%			70.2	%			38.1	%			29.8	%

 

 

Guided Tours and Retail

 

The guided tour and retail segment is a new segment and is derived from LBI. Revenue in this segment currently primarily includes retail sales, and tours and lessons. Retail sales represent the sales of product at the retail facility, while tours and lessons represent revenue derived from diving excursions and lessons.

 

Revenue for this segment for the nine months ended September 30, 2023 increased 78.4% as compared to the nine months ended September 30, 2022. This increase is attributable to the inclusion of two months’ revenue included in the nine months ending September 30, 2023, as the GCS acquisition was completed in May 2022. For the three months ended September 30, 2023 revenue increased 28.4% as compared to the three months ended September 30, 2022, primarily from the service segment which includes lessons and charters.

 

The increasing margin for the three and nine months ended September 30, 2023 to 21.5% and 35.6%, respectively, is attributable to the normalization of the retail product costing in the GCS inventory to reflect a more accurate cost of goods.

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin
		Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				% change				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				Three Months Ended September 30, 2023				Three Months Ended September 30, 2022
Retail Sales		$	53,099				55,693				(4.7	)%			83.2	%			119.4	%			16.8	%			(19.4	)%
Tours and Lessons			66,249				37,267				77.8	%			74.7	%			114.3	%			25.3	%			(14.3	)%
Total		$	119,348				92,960				28.4	%			78.5	%			117.3	%			21.5	%			(17.3	)%

 

		Net Revenue												Cost of Sales as a % of Net Revenue								Margin as a % of Net Revenue
		Nine months ended September 30,				Nine months ended September 30,				%				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,				Nine months ended September 30,
		2023				2022				change				2023				2022				2023				2022
Retail Sales		$	132,982				90,241				47.4	%			65.3	%			77.1	%			34.7	%			22.9	%
Tours and Lessons			122,519				52,992				193.5	%			61.8	%			101.3	%			38.2	%			(1.3	)%
Total		$	255,501				143,233				78.4	%			64.4	%			86.0	%			35.6	%			14.0	%

 

 

Operating Expenses

 

Operating expenses consist of selling, general and administrative (“SG&A”) expenses and research and development costs and are reported on a consolidated basis for our operating segments. Operating expenses decreased 31.9% and 32.9%, respectively, for the three and nine months ended September 30, 2023 as compared to the same periods in the prior year.

 

Selling, General & Administrative Expenses (SG&A Expenses)

 

SG&A decreased by 34.0% for the three months ended September 30, 2023 and 33.7% for the nine months ended September 30, 2023 when compared to the same periods in the prior year. SG&A expenses were comprised of the following:

 

Expense Item		Three Months Ended September 30, 2023				Three Months Ended September 30, 2022				% Change				Nine Months Ended September 30, 2023				Nine Months Ended September 30, 2022				% Change
Payroll, Selling & Administrative		$	459,444			$	536,383				(14.3	)%		$	1,336,543			$	1,476,868				(9.5	)%
Stock Compensation Expense			7,185				315,152				(97.7	)%			25,404				894,453				(97.2	)%
Professional Fees			20,568				72,144				(71.5	)%			120,427				297,175				(59.5	)%
Advertising			129,970				125,456				3.6	%			330,989				383,029				(13.6	)%
All Other			190,622				175,583				8.6	%			513,027				456,534				12.4	%
Total SG&A		$	807,789			$	1,224,718				(34.0	)%		$	2,326,390			$	3,508,059				(33.7	)%

 

 

Payroll for the three and nine months ended September 30, 2023 as compared to the three and nine months ended September 30, 2022 decreased 14.3% and 9.5%, respectively. The decrease reflects reductions in production personnel in BLU3, as well as a reallocation of SSI direct labor from payroll expense to cost of sales for the nine months ended September 30, 2023.

 

Non-Cash Stock Compensation expenses decreased by 97.7% and 97.2%, for the three and nine months ended September 30, 2023 as compared to the three and nine months ended September 30, 2022, as a result of vesting milestones not being met due to the reduction in revenue for the three months and nine months ended September 30, 2023.

 

Professional fees, including legal, accounting and other professional fees decreased 71.5% and 59.5%, respectively, for the three and nine months ended September 30, 2023, as compared to the three and nine months ended September 30, 2022. The decrease for the nine months ended September 30, 2023 can be attributed to a decrease in legal fees of 59.9% and other professional fees of 73.3% and a decrease in accounting fees of 36.4%. The decrease in the Company’s acquisition activities in 2023 resulted in a decrease in legal fees. Additionally, the decrease in professional fees is attributable to the conversion of consultants to employees late in 2022 and the decrease in accounting fees can be attributed to new auditors who offer fixed priced services.

 

Advertising expenses increased by 3.6% for the three months ended September 30, 2023 as compared to the three months ended September 30, 2022, respectively. The decrease in advertising expense for the nine months ended September 30, 2023 as compared to the nine months ended September 30, 2022 was 13.6%, respectively. This decrease is attributable to BLU3’s decrease in advertising during its recall process. BLU3’s decrease in advertising expense was offset slightly by an increase in advertising expense for SSI.

 

Other expenses increased by 8.6% and 12.4% for the three and nine months ended September 30, 2023, as compared to the three and nine months ended September 30, 2022, due primarily to a decrease in the reserve for recall expenses.

 

Research & Development Expenses (R&D Expenses)

 

R&D expenses for the three months ended September 30, 2023, increased 53.9% as compared to the three months ended September 30, 2022, respectively. R&D expenses for the nine months ended September 30, 2023, decreased by 17.5%, as compared to the nine months ended September 30, 2022, respectively. The decrease was attributable to a decrease in new product development activity.

 

Other Income/Expense

 

For the three and nine months ended September 30, 2023 and 2022, other income/expense consisted solely of interest expense. For the three months ended September 30, 2023, interest expense increased 79.9% from the three months ended September 30, 2022 to approximately $20,800 as compared to approximately $11,500 in the three months ended September 30, 2022. The increase in interest expense can be attributed to the NFS loan, the Navitas 2022 loan, and the convertible demand note from Robert Carmichael that were funded in the third and fourth quarters of 2022.

 

Liquidity and Capital Resources

 

We had cash of $287,868 as of September 30, 2023. The following table summarizes total current assets, total current liabilities and working capital at September 30, 2023 as compared to December 31, 2022.

 

		September 30, 2023				December 31, 2022				% change
		(unaudited)
Total current assets		$	2,851,964			$	3,265,714				(12.7	)%
Total current liabilities		$	2,127,203			$	1,792,151				(18.1	)%
Working capital		$	724,761			$	1,473,563				(50.8	)%

 

The decrease in our current assets at September 30, 2023 from December 31, 2022 primarily reflected by a decrease in inventory as the Company decreased its inventory purchases to match the reduction in current demand. The decrease in current liabilities reflects a decrease in accounts payable and accrued liabilities.

 

 

Summary Cash Flows

 

		Nine Months Ended September 30,
		2023				2022
		(unaudited)
Net cash used in operating activities		$	(367,628	)		$	(499,712	)
Net cash used in investing activities		$	(28,671	)		$	(60,290	)
Net cash provided by financing activities		$	199,740			$	493,935

 

Net cash used in operating activities for the nine months ended September 30, 2023 was due to the net loss of approximately $616,315. Net cash used in operating activities is also the result of a decrease in current assets, including inventory, offset by an increase in accounts receivable and accounts receivable related party which generated approximately $129,000. A net decrease in liabilities which generated approximately $29,500 primarily from an increase in customer deposits offset by a decrease in accounts payable, and related party accounts payable.

 

Net cash used in investing activities for the nine months ended September 30, 2023 of approximately $52,000 consists of fixed asset purchases.

 

Net cash provided by financing activities for the nine months ended September 30, 2023 reflects proceeds of $223,000 from the sale of units, and issuance of debt to related party, partially offset by the payment of debt of approximately $50,260.

 

Going Concern

 

Our unaudited consolidated financial statements included in this Quarterly Report were prepared assuming we 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 issuance of these consolidated financial statements. The report of our independent registered public accounting firm on our audited consolidated financial statements for the year ended December 31, 2022 includes an explanatory paragraph stating the Company has net losses and an accumulated deficit which raises substantial doubt about its ability to continue as a going concern. If the Company is unable to raise additional funds when needed, or does not have sufficient cash flows from sales, it may be required to scale back, delay or cease operations, liquidate assets and possibly seek bankruptcy protection.

 

We have a history of losses, and an accumulated deficit of $17,053,810 as of September 30, 2023. Despite a working capital surplus of $724,761 at September 30, 2023, the continued losses and cash used in operations raise substantial doubt as to the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to continue to increase revenues, control expenses, raise capital, and continue to sustain adequate working capital to finance its operations. The failure to achieve the necessary levels of profitability and cash flows would be detrimental to the Company. We are continuing to engage in discussions with potential sources for additional capital, however, our ability to raise capital is somewhat limited based upon our revenue levels, net losses and limited market for our common stock. If we fail to raise additional funds when needed, or if we do not have sufficient cash flows from operations, we may be required to scale back or cease certain of our operations.

 

Critical Accounting Policies

 

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses during the reported periods. The more critical accounting estimates include estimates related to revenue recognition, valuation of inventory, allowance for doubtful accounts, and equity-based transactions. We also have other key accounting policies, which involve the use of estimates, judgments and assumptions that are significant to understanding our results, which are described in Note 2 to our unaudited consolidated financial statements contained in this Quarterly Report.

 

 

Recent Accounting Pronouncements

 

There were various accounting standards and interpretations issued recently, none of which are expected to have a material effect on the Company’s operations, financial position or cash flows.

 

These recent accounting pronouncements are described in Note 2 to our unaudited consolidated financial statements contained in this Quarterly Report.

 

Off Balance Sheet Arrangements

 

We currently have no off-balance sheet arrangements.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

The Company is a smaller reporting company and is not required to provide this information.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

We maintain “disclosure controls and procedures” as such term is defined in Rule 13a-15(e) under Exchange Act. In designing and evaluating our disclosure controls and procedures, our management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of disclosure controls and procedures are met. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Based on their evaluations as of September 30, 2023, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were not effective such that the information relating to our company, required to be disclosed in our Securities and Exchange Commission reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (ii) is accumulated and communicated to our management, including our Chief Executive Officer, to allow timely decisions regarding required disclosure as a result of continuing material weaknesses in our internal control over financial reporting described below. A material weakness is a deficiency, or combination of deficiencies, that results in more than a remote likelihood that a material misstatement of annual or interim financial statements will not be prevented or detected.

 

 

Our management, including our Principal Executive Officer and Principal Financial Officer, have evaluated the effectiveness of the design and operations of our disclosure controls and procedures (defined in Exchange Act Rules 13a-15(c) and 15d-15(e)) as of September 30, 2023 and based upon the such evaluation, have concluded that the disclosure controls and procedures were not effective as of such date due to the material weaknesses set forth below.

 

	●	Insufficient number and lack of qualified accounting department and administrative personnel and support;
	●	Insufficient written policies and procedures to ensure the correct application of accounting and financial reporting with respect to GAAP and SEC disclosure requirements;
	●	Insufficient segregation of duties, oversight of work performed and lack of controls in our finance and accounting functions due to limited personnel;
	●	Company’s systems that impact financial information and disclosures have ineffective information technology controls;
	●	Inadequate controls surrounding revenue recognition, to ensure that all material transactions and developments impacting the financial statements are reflected and properly recorded; and
	●	Evaluation of disclosure controls and procedures was not sufficiently comprehensive due to limited personnel.

 

Subject to sufficient resources, management expects to remediate the material weaknesses identified above as follows:

 

	●	Management has leveraged and will continue to leverage experienced consultants to assist with ongoing GAAP and SEC compliance requirements. We intend to expand our finance department through the hiring of a certified public accountant to strengthen the segregation of duties, internal controls and enhance our current staff.
	●	Segregation of duties is being analyzed and adjusted Company-wide, where possible. The Company intends to hire additional personnel in the accounting department, as well as the documentation of controls and procedures.
	●	The Company plans on evaluating various accounting systems to enhance its system controls.

 

We will continue to monitor and evaluate the effectiveness of our internal control over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow. We do not, however, expect that the material weaknesses in our disclosure controls will be remediated until such time as we have added to our accounting and administrative staff allowing improved internal control over financial reporting.

 

Changes in Internal Control over Financial Reporting

 

There have been no changes in our internal control over financial reporting that occurred during our last fiscal quarter that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

PART II – OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEEDINGS

 

There are no pending legal proceedings to which we are a party or in which any director, officer or affiliate of ours, any owner of record or beneficially of more than 5% of any class of our voting securities, or security holder is a party adverse to us or has a material interest adverse to us.

 

ITEM 1A. RISK FACTORS

 

The Company is a smaller reporting company and is not required to provide this information.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

None.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURE

 

None.

 

ITEM 5. OTHER INFORMATION

 

None.

 

 

ITEM 6. EXHIBITS

 

Exhibit
Number		Exhibit
31.1		Certification of the Principal Executive Officer required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of the Principal Financial Officer required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32		Certification of the Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350)
101.INS		Inline XBRL INSTANCE DOCUMENT
101.SCH		Inline XBRL TAXONOMY EXTENSION SCHEMA
101.CAL		Inline XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
101.DEF		Inline XBRL TAXONOMY EXTENSION DEFINITION LINKBASE
101.LAB		Inline XBRL TAXONOMY EXTENSION LABEL LINKBASE
101.PRE		Inline XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

In accordance with the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant caused has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: November 20, 2023	BROWNIE’S MARINE GROUP, INC.
	By:	/s/ Robert M. Carmichael
		Robert M. Carmichael Chief Executive Officer
		(Principal Executive Officer)
	By:	/s/ Robert M. Carmichael
		Robert M. Carmichael Chief Financial Officer
		(Principal Financial and Accounting Officer)

 

 

 

EXHIBIT 31.1

 

CERTIFICATE OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A)

 

I, Robert M. Carmichael, certify that:

 

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, of Brownie’s Marine Group, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15 (e)) and internal controls over financial reporting (as defined in Exchange Act Rules 3a-15(f) and 15d-15(f)) for the registrant and have:

 

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 20, 2023	/s/ Robert M. Carmichael
	Name:	Robert M. Carmichael
	Title:	Chief Executive Officer (Principal Executive Officer)

 

 

 

EXHIBIT 31.2

 

CERTIFICATE OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A)/15D-14(A)

 

I, Robert M. Carmichael, certify that:

 

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, of Brownie’s Marine Group, Inc.;

 

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15 (e)) and internal controls over financial reporting (as defined in Exchange Act Rules 3a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.	I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 20, 2023	/s/ Robert M. Carmichael
	Name:	Robert M. Carmichael
	Title:	Chairman of the Board, President and Chief Financial Officer (Principal Financial and Accounting Officer)

 

 

 

EXHIBIT 32

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report on Form 10-Q of Brownie’s Marine Group, Inc. (the “Company”) for the quarter ended September 30, 2023 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

 

1.

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

 

	/s/ Robert M. Carmichael
Date: November 20, 2023	Name:	Robert M. Carmichael
	Title:	Chief Executive Officer (Principal Executive Officer)

 

	/s/ Robert M. Carmichael
	Name:	Robert M. Carmichael
	Title:	Chief Financial Officer (Principal Financial and Accounting Officer)

 

 

v3.23.3

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2023
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 Avenue
Entity Address, Address Line Two	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		439,211,134

v3.23.3

Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash	$ 287,868	$ 484,427
Inventory, net	2,046,071	2,421,885
Prepaid expenses and other current assets	230,243	192,130
Total current assets	2,851,964	3,265,714
Property, equipment and leasehold improvements, net	364,914	339,546
Operating lease assets, net	941,714	1,133,092
Intangible assets, net	592,072	646,422
Goodwill	249,986	249,986
Other assets	30,725	30,724
Total assets	5,031,375	5,665,484
Current liabilities
Accounts payable and accrued liabilities	591,197	829,456
Customer deposits and unearned revenue	344,989	167,534
Other liabilities	346,636	372,943
Operating lease liabilities	287,555	269,046
Current portion of convertible notes	345,949
Current maturities long term debt	72,787	66,486
Total current liabilities	2,127,203	1,792,151
Loans payable, net of current portion	90,446	143,960
Convertible notes, net of current portion		342,943
Operating lease liabilities	658,597	864,057
Total liabilities	2,876,246	3,143,111
Commitments and contingent liabilities (see Note 9)
Stockholders’ equity
Preferred stock; $0.001 par value: 10,000,000 shares authorized; 425,000 issued and outstanding as of September 30, 2023 and December 31, 2022.	425	425
Common stock; $0.0001 par value; 1,000,000,000 shares authorized; 437,543,846 shares issued and outstanding at September 30, 2023 and 425,520,662 shares issued and outstanding at December 31, 2022, respectively.	43,755	42,553
Common stock payable 138,941 shares and 138,941 shares, respectively as of September 30, 2023 and December 31, 2022.	14	14
Additional paid-in capital	19,164,745	18,916,876
Accumulated deficit	(17,053,810)	(16,437,495)
Total stockholders’ equity	2,155,129	2,522,373
Total liabilities and stockholders’ equity	5,031,375	5,665,484
Nonrelated Party [Member]
Current Assets
Accounts receivable	240,041	111,844
Related Party [Member]
Current Assets
Accounts receivable	47,741	55,428
Current liabilities
Accounts payable – related parties	37,210	37,539
Related party convertible demand note, net	$ 100,880	$ 49,147

v3.23.3

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
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	437,543,846	425,520,662
Common stock, share outstanding	437,543,846	425,520,662
Common stock payable, shares outstanding	138,941	138,941

v3.23.3

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues
Total Revenues	$ 2,282,006	$ 2,808,804	$ 5,992,771	$ 7,185,011
Cost of revenues
Total cost of revenues (exclusive of depreciation and amortization shown separately below)	1,544,635	1,851,948	4,215,959	4,689,561
Gross profit	737,371	956,856	1,776,812	2,495,450
Operating expenses
Selling, general and administrative	765,683	1,194,178	2,205,047	3,410,717
Depreciation and amortization	42,106	30,540	121,343	97,342
Research and development costs	7,355	4,778	10,778	13,070
Total operating expenses	815,144	1,229,496	2,337,168	3,521,129
Loss from operations	(77,773)	(272,640)	(560,356)	(1,025,679)
Other (income) expense, net
Interest expense	(20,776)	(11,549)	(55,959)	(31,265)
Income (Loss) income before provision for income taxes	(98,549)	(284,189)	(616,315)	(1,056,944)
Provision for income taxes
Net Income (Loss)	(98,549)	(284,189)	(616,315)	(1,056,944)
Loss on foreign currency contract		8,633
Comprehensive loss	$ (98,549)	$ (275,556)	$ (616,315)	$ (1,056,944)
Basic income (loss) per common share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Basic weighted average common shares outstanding	437,196,851	411,816,671	433,169,015	407,202,475
Diluted income (loss) per common share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Diluted weighted average common shares outstanding	437,196,851	411,816,671	433,169,015	407,202,475
Nonrelated Party [Member]
Revenues
Total Revenues	$ 2,027,592	$ 2,591,383	$ 5,321,577	$ 6,403,522
Cost of revenues
Cost of revenues	1,372,755	1,667,586	3,734,350	4,121,071
Royalties expense	31,335	54,708	107,308	149,024
Related Party [Member]
Revenues
Total Revenues	254,414	217,421	671,194	781,489
Cost of revenues
Cost of revenues	116,976	106,693	325,037	365,892
Royalties expense	$ 23,569	$ 22,961	$ 49,264	$ 53,574

v3.23.3

Consolidated Statements of Changes in Shareholders' Equity (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, value at Dec. 31, 2021	$ 425	$ 39,386	$ 14	$ 17,132,434		$ (14,544,604)	$ 2,627,655
Balance, shares at Dec. 31, 2021	425,000	393,850,475	138,941
Stock option expense				230,034			230,034
Net Income (Loss)						(444,092)	(444,092)
Shares issued for the exercise of warrants		$ 1,060		263,940			265,000
Shares issued for exercise of warrants, shares		10,600,000
Common Stock issued for the purchase of units		$ 120		35,380			35,500
Common Stock issued for the purchase of units, shares		1,206,318
Other Comprehensive income (Loss)					1,587		1,587
Ending balance, value at Mar. 31, 2022	$ 425	$ 40,566	$ 14	17,661,788	1,587	(14,988,696)	2,715,684
Balance, shares at Mar. 31, 2022	425,000	405,656,793	138,941
Beginning balance, value at Dec. 31, 2021	$ 425	$ 39,386	$ 14	17,132,434		(14,544,604)	2,627,655
Balance, shares at Dec. 31, 2021	425,000	393,850,475	138,941
Net Income (Loss)							(1,056,944)
Ending balance, value at Sep. 30, 2022	$ 425	$ 41,845	$ 14	18,663,726		(15,601,548)	3,104,462
Balance, shares at Sep. 30, 2022	425,000	418,452,292	138,941
Beginning balance, value at Mar. 31, 2022	$ 425	$ 40,566	$ 14	17,661,788	1,587	(14,988,696)	2,715,684
Balance, shares at Mar. 31, 2022	425,000	405,656,793	138,941
Stock Issued for Accrued Interest on Convertible Notes		$ 45		23,003			23,048
Shares issued for accrued interest in convertible notes, shares		449,522
Stock option expense				290,707			290,707
Net Income (Loss)						(328,663)	(328,663)
Common Stock issued for the purchase of units		$ 30		11,970			12,000
Common Stock issued for the purchase of units, shares		302,953
Other Comprehensive income (Loss)					(10,220)		(10,220)
Shares issued for asset purchase		$ 308		119,692			120,000
Shares issued for Asset Purchase, shares		3,084,831
Shares issued for employee bonus		$ 28		11,032			11,060
Stock Issued for Accrued Interest on Convertible Notes, shares		280,000
Ending balance, value at Jun. 30, 2022	$ 425	$ 40,977	$ 14	18,118,192	(8,633)	(15,317,359)	2,833,616
Balance, shares at Jun. 30, 2022	425,000	409,774,099	138,941
Stock Issued for Accrued Interest on Convertible Notes		$ 14		6,986			7,000
Stock option expense				315,152			315,152
Net Income (Loss)						(284,189)	(284,189)
Common Stock issued for the purchase of units		$ 854		204,146			205,000
Common Stock issued for the purchase of units, shares		8,541,666
Other Comprehensive income (Loss)					8,633		8,633
Stock Issued for Accrued Interest on Convertible Notes, shares		136,527
Beneficial Conversion Feature				19,250			19,250
Ending balance, value at Sep. 30, 2022	$ 425	$ 41,845	$ 14	18,663,726		(15,601,548)	3,104,462
Balance, shares at Sep. 30, 2022	425,000	418,452,292	138,941
Beginning balance, value at Dec. 31, 2022	$ 425	$ 42,553	$ 14	18,916,876		(16,437,495)	2,522,373
Balance, shares at Dec. 31, 2022	425,000	425,520,662	138,941
Shares issued for the purchase of units		$ 1,143		198,857			200,000
Shares issued for the purchase of units, shares		11,428,570
Stock Issued for Accrued Interest on Convertible Notes		$ 20		8,316			8,336
Shares issued for accrued interest in convertible notes, shares		198,204
Stock option expense				11,034			11,034
Net Income (Loss)						(327,922)	(327,922)
Ending balance, value at Mar. 31, 2023	$ 425	$ 43,716	$ 14	19,135,083		(16,765,417)	2,413,821
Balance, shares at Mar. 31, 2023	425,000	437,147,436	138,941
Beginning balance, value at Dec. 31, 2022	$ 425	$ 42,553	$ 14	18,916,876		(16,437,495)	2,522,373
Balance, shares at Dec. 31, 2022	425,000	425,520,662	138,941
Net Income (Loss)							(616,315)
Ending balance, value at Sep. 30, 2023	$ 425	$ 43,755	$ 14	19,164,745		(17,053,810)	2,155,129
Balance, shares at Sep. 30, 2023	425,000	437,543,846	138,941
Beginning balance, value at Mar. 31, 2023	$ 425	$ 43,716	$ 14	19,135,083		(16,765,417)	2,413,821
Balance, shares at Mar. 31, 2023	425,000	437,147,436	138,941
Stock Issued for Accrued Interest on Convertible Notes		$ 20		8,306			8,326
Shares issued for accrued interest in convertible notes, shares		198,205
Stock option expense				7,188			7,188
Net Income (Loss)						(189,844)	(189,844)
Ending balance, value at Jun. 30, 2023	$ 425	$ 43,736	$ 14	19,150,577		(16,955,261)	2,239,491
Balance, shares at Jun. 30, 2023	425,000	437,345,641	138,941
Stock option expense				7,185			7,185
Net Income (Loss)						(98,549)	(98,549)
Common stock Issued for Accrued Interest on Convertible Notes		$ 19		6,983			6,983
Common stock issued for accrued interest on convertible notes, shares		198,205
Ending balance, value at Sep. 30, 2023	$ 425	$ 43,755	$ 14	$ 19,164,745		$ (17,053,810)	$ 2,155,129
Balance, shares at Sep. 30, 2023	425,000	437,543,846	138,941

v3.23.3

Consolidated Statement of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows provided by operating activities:
Net loss	$ (616,315)	$ (1,056,944)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	121,343	97,342
Amortization of debt discount	7,786	2,767
Amortization of right-of-use asset	191,378	177,258
Shares issued for accrued interest in convertible notes	23,668
Common stock issued for services		47,500
Reserve for debt		2,978
Reserve for slow moving inventory		(82,446)
Reserve for Nomad recall	(93,161)
Stock based compensation - Options	25,404	835,893
Stock based compensation - stock grant		11,060
Changes in operating assets and liabilities
Change in accounts receivable, net	(128,197)	(48,579)
Change in accounts receivable - related parties	7,687	21,959
Change in inventory	375,814	(371,514)
Change in prepaid expenses and other current assets	(101,804)	(87,851)
Change in other assets		(5,900)
Change in accounts payable and accrued liabilities	(238,260)	140,713
Change in customer deposits and unearned revenue	177,455	(18,894)
Change in long term lease liability	(186,951)	(177,732)
Change in other liabilities	66,854	31,450
Change in accounts payable - related parties	(329)	(18,772)
Net cash used in operating activities	(367,628)	(499,712)
Cash flows acquired (used) in investing activities:
Cash used in asset acquisition		(30,000)
Purchase of fixed assets	(28,671)	(30,290)
Net cash used in investing activities	(28,671)	(60,290)
Cash flows from financing activities:
Proceeds from issuance of units	200,000	205,000
Proceeds from exercise of Warrants		265,000
Proceeds of debt - related party	50,000	66,793
Repayment of debt	(50,260)	(42,858)
Net cash acquired in financing activities	199,740	493,935
Net change in cash	(196,559)	(66,067)
Cash, beginning balance	484,427	643,143
Cash, end of period	287,868	577,076
Supplemental disclosures of cash flow information:
Cash Paid for Interest	32,289	10,549
Supplemental disclosure of non-cash financing activities:
Operating lease obtained for operating lease liability		920,615
Common Stock issued for asset acquisition		120,000
Beneficial conversion feature on convertible note, related party		19,250
Common Stock issued for payment of convertible note interest	23,667	30,048
Fixed asset purchase through the issuance of debt	$ 63,689	$ 63,375

v3.23.3

Company Overview	9 Months Ended
	Sep. 30, 2023
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 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.

v3.23.3

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
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 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, 2022 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 for a broader discussion of the Company’s business and the risks inherent in such business. The results of operations for the nine months ended September 30, 2023, and are not necessarily indicative of results to be expected for any other interim period or the fiscal year ending December 31, 2023.     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 GAAP 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 per EIN. At September 30, 2023 and December 31, 2022, the Company had no amount in excess of the FDIC insured limit.   Accounts receivable   The Company manufactures and sells its products to a broad range of customers, primarily retail stores. Few customers are provided with payment terms of 30 days. The Company has tracked historical loss information for its trade receivables and compiled historical credit loss percentages for different aging categories (current, 1–30 days past due, 31–60 days past due, 61–90 days past due, and more than 90 days past due).   In accordance with ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), management believes that the historical loss information it has compiled is a reasonable base on which to determine expected credit losses for trade receivables held at September 30, 2023, because the composition of the trade receivables at that date is consistent with that used in developing the historical credit-loss percentages (i.e., the similar risk characteristics of its customers and its lending practices have not changed significantly over time). As a result, management applied the applicable credit loss rates to determine the expected credit loss estimate for each aging category. Accordingly, the allowance for expected credit losses at September 30, 2023 totaled $28,558.   Inventory   Inventory consists of the following:   Schedule of Inventory     September 30, 2023 (unaudited)     December 31, 2022                 Raw materials   $ 1,052,975     $ 1,207,957   Work in process     60,006       80,727   Finished goods     1,045,156       1,302,995   Rental Equipment     55,893       55,893   Allowance reserve     (167,959 )     (225,687 ) Inventory, net   $ 2,046,071     $ 2,421,885     As of September 30, 2023 and December 31, 2022, the Company recorded allowances for obsolete or slow-moving inventory of $166,698 and $166,432, respectively.     Revenue Recognition   The Company recognizes revenue in accordance with ASC Topic 606 Revenue from Contracts with Customers. The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied. The Company typically satisfies its performance obligations in contracts with customers upon shipment of the goods. Generally, payment is due upon receipt of the invoice and the contracts do not have significant financing components. Product sales occur once control or title is transferred based on the commercial terms. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. Product sales are recorded net of variable consideration, such as provisions for returns, discounts and promotional allowances. Such provisions are calculated based on the actual allowances given. Management believes that adequate provision has been made for cash discounts, returns, spoilage and promotional allowances based on the Company’s historical experience.   A breakdown of the total revenue between related party and non-related party revenue is as follows:   Schedule of Related Party and Non-Related Party Revenue     2023     2022     2023     2022       Three months ended September 30     Nine months ended September 30       2023     2022     2023     2022       (unaudited)     (unaudited)     (unaudited)     (unaudited)   Revenues   $ 2,027,592     $ 2,591,383     $ 5,321,577     $ 6,403,522   Revenues - related parties     254,414       217,421       671,194       781,489   Total Revenues   $ 2,282,006     $ 2,808,804     $ 5,992,771     $ 7,185,011     See further disaggregate revenue disclosures by segment and product type in Note 10.   Cost of Sales   Cost of sales consists of the cost of the components of finished goods, the costs of raw materials utilized in the manufacture of products, in-bound and out-bound freight charges, direct manufacturing labor as well as certain internal transfer costs, warehouse expenses incurred prior to the manufacture of the Company’s finished products, inventory allowance for excess and obsolete products, and royalties paid on licensing agreements. Components account for the largest portion of the cost of sales. Components include plastic molded parts, gas powered engines, aluminum pressure bottles, electronic parts, batteries and packaging materials.   The breakdown of cost of sales to include cost of sales for related party and non-related party as well as the related party and non-related party royalty expense is as follows:   Schedule of Related Party and Non-Related Party Cost of Revenue     2023     2022     2023     2022       Three months ended September 30     Nine months ended September 30       2023     2022     2023     2022       (unaudited)     (unaudited)     (unaudited)     (unaudited)   Cost of revenues   $ 1,372,755     $ 1,667,586     $ 3,734,350     $ 4,121,071   Cost of revenues - related parties     116,976       106,693       325,037       365,892   Cost of revenues     116,976       106,693       325,037       365,892   Royalties expense - related parties     23,569       22,961       49,264       53,574   Royalties expense     31,335       54,708       107,308       149,024   Total cost of revenues   $ 1,544,635     $ 1,851,948     $ 4,215,959     $ 4,689,561       Lease Accounting   The Company accounts 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. The Company elected the practical expedients permitted under the transition guidance of the new standard that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. The Company did not reassess whether any contracts entered into prior to adoption are leases or contain leases.   The Company categorizes leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow the Company 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. The Company did not have any finance leases as of September 30, 2023. The Company’s leases generally have terms that range from three years for equipment and five to twenty years for property. The Company elected the accounting policy to include both the lease and non-lease components of its 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 the Company. 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 the Company has 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 the Company we will exercise the option, it considers 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 nine months ended September 30, 2023, lease expenses were approximately $110,700 and approximately $327,900, respectively. For the three and nine months ended September 30, 2022, lease expenses were approximately $76,300 and approximately $205,000, respectively. Cash paid for operating liabilities for the three and nine months ended September 30, 2023 was approximately $84,000 and approximately $245,000, respectively. For the nine months ended September 30, 2022 cash paid for operating liabilities was approximately $204,500.   Supplemental balance sheet information related to leases was as follows:   Schedule of Supplemental Balance Sheet Information Operating Leases   September 30, 2023         (unaudited)   Right-of-use assets   $ 941,714   Current lease liabilities   $ 287,555   Non-current lease liabilities     658,597   Total lease liabilities   $ 946,152     Stock-Based Compensation   The Company accounts 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.   The Company uses the Black-Scholes valuation model to calculate the fair value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued on the effective date of the agreement in accordance with generally accepted accounting principles, which includes determination of the fair value of the share-based transaction. The fair value is determined through use of the quoted stock price.     Derivatives   The accounting treatment of derivative financial instruments requires that the Company record certain warrants and embedded conversion options at their fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into certain note agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy, by earliest issuance date, in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors, as long as the certain variable issuance terms in certain convertible instruments exist. As of September 30, 2023, the Company did not have any derivative liabilities.   Loss per share of common stock   Basic loss 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 loss 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 September 30, 2023 and September 30, 2022, 149,612,199 and 249,177,870 shares, respectively, of potentially dilutive shares were not recognized as their inclusion would be anti-dilutive. These shares reflect shares potentially issuable under convertible notes, outstanding warrants, outstanding stock options and the conversion of preferred stock.   Recent accounting pronouncements   ASU 2016-13 Current Expected Credit Loss (ASC326)   In December 2021, the FASB issued an 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 was adopted on January 1, 2023, with no effect to the financial statements.   ASU 2020-06 Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity.   In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exceptions. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of the standard on the consolidated financial statements.   Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our financial statements upon adoption or are not applicable.

v3.23.3

Going Concern	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Note 3. Going Concern   The accompanying 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 nine months ended September 30, 2023, the Company incurred a net loss of $616,315. At September 30, 2023, the Company had an accumulated deficit of $17,053,810. Despite a working capital surplus of approximately $724,961 at September 30, 2023, the continued losses and cash used in operations raise substantial doubt as to the Company’s ability to continue as a going concern for the twelve months after the date the financial statements were issued. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to increase revenues, control expenses, raise capital and sustain adequate working capital to finance its operations. The failure to achieve the necessary levels of profitability and cash flows would be detrimental to the Company. The consolidated financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

v3.23.3

Related Party Transactions	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 4. Related Party Transactions   The Company sells products to Brownie’s Southport Divers, Brownie’s Yacht Toys and Brownie’s Palm Beach Divers, companies owned by the brother of Robert Carmichael, the Company’s Chief Executive Officer 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 9.9% and 12.1% of the net revenues for the three months ended September 30, 2023 and September 30, 2022, respectively, and 11.2% and 12.9% for the nine months ending September 30 2023 and 2022, respectively. Accounts receivable from these entities totaled $39,477 and $53,079, at September 30, 2023 and December 31, 2022, respectively.   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 $8,264 and $2,349 at September 30, 2023 and December 31, 2022, respectively.   The Company had accounts payable to related parties of $37,210 and $37,539 at September 30, 2023 and December 31, 2022, respectively. The balance payable at September 30, 2023 was comprised of $23,713 due to 940 A, $8,497 due to Robert Carmichael and $5,000 due to Blake Carmichael. At December 31, 2022, the balance payable was comprised of $29,559 due to 940 A, $2,980 due to BGL and $5,000 due to Robert Carmichael.   The Company has exclusive license agreements with 940 A to license the trademark “Brownie’s Third Lung”, “Tankfill”, “Brownie’s Public Safety” and various other related trademarks as listed in the agreements. The agreements provide that the Company pay 2.5% of gross revenues per quarter as a royalty to 940A. Total royalty expense for the three months ended September 30, 2023 and September 30, 2022 was $54,904 and $77,669, respectively. For the nine months ended September 30, 2023 and September 30, 2022 the royalty expense totaled $156,572 and $202,598, respectively. The accrued royalty for September 30, 2023 was $7,513 and is included in other liabilities.   On September 30, 2022, the Company issued a convertible demand 8% promissory note in the principal amount of $66,793 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note, and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day value weighted average price (“VWAP”) of the Company’s stock prior to the quarterly interest payment date. The note holder may demand payment or convert the outstanding principal at a conversion rate of $0.021 per share at any time. The conversion rate was calculated at a 35% discount to the 90 day VWAP of the Company’s stock as of the date of the note. The Company recorded $19,250 for the beneficial conversion feature. As this conversion rate is a fixed rate, the embedded conversion feature is not a derivative liability. There were payments totaling $3,047 made with products in kind during the nine months ended September 30, 2023. The outstanding balance on this note was $63,746 as of September 30, 2023.   On January 18, 2023 and February 18, 2023, the Company issued to Charles Hyatt, a Company director, an aggregate of 11,428,570 units, with each unit consisting of one share of common stock and a two-year common stock purchase warrant to purchase one share of common stock at an exercise price of $0.0175 per share in consideration of $200,000.   On September 14, 2023, the Company issued a convertible demand 8% promissory note in the principal amount of $50,000 to Robert Carmichael for funds to meet the working capital needs of BLU3. There is no amortization schedule for the note, and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day value weighted average price (“VWAP”) of the Company’s stock prior to the quarterly interest payment date. The note holder may demand payment or convert the outstanding principal at a conversion rate of $0.01351 per share at any time. The conversion rate was calculated at a 35% discount to the 90 day VWAP of the Company’s stock as of the date of the note. The Company recorded $-0- for the beneficial conversion feature. As this conversion rate is a fixed rate, the embedded conversion feature is not a derivative liability. The outstanding balance on this note was $50,000 as of September 30, 2023.     On March 31, 2023, the Company issued 61,204 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending March 31, 2023. The fair value of these shares was $1,336.   On June 30, 2023, the Company issued 61,677 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending June 30, 2023. The fair value of these shares was $1,287.   On September 30, 2023, the Company issued 61,677 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending September 30, 2023. The fair value of these shares was $1,287.

v3.23.3

Convertible Promissory Notes and Loans Payable	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Convertible Promissory Notes and Loans Payable	Note 5. Convertible Promissory Notes and Loans Payable   Convertible Promissory Notes   Convertible promissory notes consisted of the following at September 30, 2023:    Schedule of Convertible Debentures Origination Date   Maturity Date   Interest Rate     Origination Principal Balance     Original Discount Balance     Period End Principal Balance     Period End Discount Balance     Period End Balance, Net     Accrued Interest Balance   Reg. 9/03/21   9/03/24     8 %     346,500       (12,355 )   $ 346,500     $ (4,010 )   $ 342,490             -   (1) 9/03/21   9/03/24     8 %     3,500       (125 )     3,500       (42 )     3,458       -   (2) 9/30/22   Demand     8 %     66,793       (19,245 )     63,746       (12,865 )     50,881       -   (3) 9/14/23   Demand     8 %     50,000       -       50,000       -       50,000       -   (4)                                 $ 463,746     $ (16,917 )   $ 446,829     $ -       A breakdown of current and long-term amounts due are as follows for the convertible promissory notes as of September 30, 2023:   Schedule Convertible Promissory Notes     Summit Holdings V,     Tierra Vista Partners,     Robert Carmichael     Robert Carmichael             LLC Note     LLC Note     Note     Note     Total   2023   $ -     $ -     $ 63,746     $ 50,000     $ 113,746   2024     346,500       3,500       -       -       350,000   Discount     (4,010 )     (42 )     (12,865 )     -       (16,917 ) Total Loan Payments   $ 342,490     $ 3,458     $ 50,881     $ 50,000     $ 446,829   Current Portion of Loan Payable   $ (342,490 )   $ (3,458 )   $ (50,881 )   $ (50,000 )   $ (446,829 ) Non-Current Portion of Loan Payable   $ -     $ -     $ -     $ -     $ -     (1) On September 3, 2021, the Company issued a three-year 8% convertible promissory note in the principal amount of $346,500 to Summit Holding V, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in shares of common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 per share at any time during the term of the note. The Company recorded $12,355 for the beneficial conversion feature. This note is classified as a current liability for this period.   Schedule of Future Amortization of Notes Payable     Payment Amortization   2023 (9 months)   $ -   2024     346,500   Total Note Payments   $ 346,500   Current portion of note payable     (346,500 ) Non-Current Portion of Notes Payable   $ -     (2) On September 3, 2021, the Company issued a three-year 8% promissory note in the principal amount of $3,500 to Tierra Vista Partners, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 at any time up to the maturity date of the note. The Company recorded $125 for the beneficial conversion feature. This note is classified as a current liability for this period.   Schedule of Future Amortization of Notes Payable     Payment Amortization   2023 (9 months)   $ -   2024     3,500   Total Note Payments   $ 3,500   Current portion of note payable     (3,500 ) Non-Current Portion of Notes Payable   $ -       (3) On September 30, 2022, the Company issued a convertible demand 8% promissory note in the principal amount of $66,793 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day VWAP of the Company’s stock prior to the quarterly interest payment date. This note is classified as a current liability as the note holder may demand payment or convert the outstanding principal at a conversion rate of $0.021 per share at any time. The Company recorded $19,250 for the beneficial conversion feature.   (4) On September 14, 2023, the Company issued a convertible demand 8% promissory note in the principal amount of $50,000 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day VWAP of the Company’s stock prior to the quarterly interest payment date. This note is classified as a current liability as the note holder may demand payment or convert the outstanding principal at a conversion rate of $0.01351 per share at any time. The Company recorded $-0- for the beneficial conversion feature.   (5)   Loans Payable    Schedule of Future Amortization of Loans Payable     Mercedes     Navitas     NFS     Navitas 2022             BMG (1)     BLU3 (2)     SSI (3)     BLU3 (4)     Total   2023 (9 months)   $ 2,792     $ 3,365     $ 8,379     $ 4,738     $ 19,274   2024     11,168       16,629       26,279       21,228       75,304   2025     8,686       18,024       12,328       23,610       62,648   2026     -       6,007       -       -       6,007   Total Loan Payments   $ 22,646     $ 44,025     $ 46,986     $ 49,576     $ 163,233   Current Portion of Loan Payable   $ (10,626 )   $ (16,297 )   $ (25,193 )   $ (20,671 )   $ (72,787 ) Non-Current Portion of Loan Payable   $ 12,020     $ 27,728     $ 21,793     $ 28,905     $ 90,446     (1) 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 is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of September 30, 2023 was $22,646 and $31,023 as of December 31, 2022.   (2) On May 19, 2021, BLU3 executed an equipment finance agreement with Navitas Credit Corp. (“Navitas”) to finance the purchase of certain plastic molding equipment. The amount financed is $75,764 payable over 60 equal monthly installments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $44,025 and $54,930 as of December 31, 2022.   (3) 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 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of September 30, 2023 and December 31, 2022 was $46,986 and $60,804, respectively.   (4) On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $49,576 and $63,689 as of December 31, 2022.

v3.23.3

Business Combination	9 Months Ended
	Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Business Combination	Note 6. Business Combination   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) the 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; and (b) a cash payment of $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 from Closing Date   Percentage of shares eligible to be sold or transferred 6 months   Up to 25.0% 9 months   Up to 50.0% 12 months   Up to 100.0%   The leak-out restriction may be waived by the Company, upon written request by a LLC Member, 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.”   The transaction costs associated with the acquisition were $10,000 in legal fees paid in cash, and are included in the purchase price allocation in the table below.   While the agreement was structured as an asset purchase agreement, we also assumed the operations of Gulf Coast Scuba resulting in the recognition of a business combination. During 2022, we recognized revenue of $212,876 and net loss of $75,579 associated with this business. The business combination was not material for the purpose of disclosing pro forma financial information. In connection with this transaction, we recognized the following assets and liabilities:   Summary of Asset Acquisition     Fair Value   Rental Inventory   $ 48,602   Fixed Assets     50,579   Retail Inventory     60,819   Right of use asset     29,916   Lease liability     (29,916 ) Net Assets Acquired   $ 160,000

v3.23.3

Goodwill and Intangible Assets, Net	9 Months Ended
	Sep. 30, 2023
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’s Goodwill for the nine months ended September 30, 2023.   Summary of Changes in Goodwill     2023   Balance, January 1   $ 249,986   Addition:     -   Balance, September 30   $ 249,986     The Company performed an evaluation of the value of goodwill at December 31, 2022. Based upon this evaluation it was determined that there should be no adjustment to goodwill. There has been nothing noted during the nine months ended September 30, 2023 that would indicate that the value of goodwill should change through that date.     The following table sets for the components of the Company’s intangible assets at September 30, 2023:   Summary of Intangible Assets     Amortization Period (Years)     Cost     Accumulated Amortization     Net Book Value                             Intangible Assets Subject to amortization                                 Trademarks     15     $ 121,000     $ (16,761 )   $ 104,239   Customer Relationships     10       600,000       (125,000 )     475,000   Non-Compete Agreements     5       22,000       (9,167 )     12,833   Total           $ 743,000     $ (150,928 )   $ 592,072     The aggregate amortization remaining on the intangible assets as of September 30, 2023 is a follows:   Schedule of Estimated Intangible Assets Amortization Expense     Intangible Amortization   2023 (3 months remaining)     18,162   2024     72,466   2025     72,467   2026     71,367   2027     68,066   Thereafter     289,544   Total   $ 592,072     Amortization expense for amortizable intangible assets for both the three months ended September 30, 2023 and 2022 was 18,117, respectively. Amortization expense for both the nine months ended September 30, 2023 and 2022 was 54,350, respectively.

v3.23.3

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Stockholders’ Equity	Note 8. Stockholders’ Equity   Common Stock   On January 18, 2023 and February 18, 2023, the Company issued to Charles Hyatt, an aggregate of 11,428,570 units, with each unit consisting of one share of common stock and a two-year common stock purchase warrant to purchase one share of common stock at an exercise price of $0.0175 per share in consideration of $200,000.   On March 31, 2023, the Company issued 61,204 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending March 31, 2023. The fair value of these shares was $1,336.   On March 31, 2023, the Company issued an aggregate of 137,000 shares of common stock to the holders of convertible notes for payment of interest for the three months ending December 31, 2022. The fair value of these shares was $7,000.   On June 30, 2023, the Company issued 61,205 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending June 30, 2023. The fair value of these shares was $1,326.   On June 30, 2023, the Company issued an aggregate of 137,000 shares of common stock to the holders of convertible notes for payment of interest for the three months ending June 30, 2023. The fair value of these shares was $7,000.   On September 30, 2023, the Company issued 61,205 shares of common stock to Robert Carmichael for payment of interest on the convertible demand note for the three months ending September 30, 2023. The fair value of these shares was $1,326.   On September 30, 2023, the Company issued an aggregate of 137,000 shares of common stock to the holders of convertible notes for payment of interest for the three months ending September 30, 2023. The fair value of these shares was $7,000.   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 shares of blank check preferred stock. The blank check preferred stock as authorized has such voting powers, designations, preferences, limitations, restrictions and relative rights as may be determined by the Board of Directors of the Company from time to time in accordance with the provisions of the Florida Business Corporation Act. In April 2011, the Board of Directors designated 425,000 shares as Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into a share of the Company’s common stock at any time at the option of the holder at a conversion price of $18.23 per share. Holders of shares of Series A Convertible Preferred Stock are entitled to 250 votes for each share held. The Company’s common stock and Series A Convertible Preferred Stock vote together on any matters submitted to our shareholders. As of September 30, 2023, and December 31, 2022, the 425,000 shares of Series A Convertible Preferred Stock are owned by Robert Carmichael.     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 shares are reserved for issuance under the Plan. The term of the Plan is ten years.   The Company also issued options outside of the Plan that were not approved by the security holders. These options may be granted to employees, directors, and consultants in the form of incentive stock options or non-qualified stock options.   Equity Compensation Plan Information as of September 30, 2023:   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     3,319,118     $ 0.0401       21,680,882   Equity Compensation Plans Not Approved by Security Holders     105,971,520       0.0258       —   Total     109,290,638     $ 0.0262       21,680,882     Options   The Company has issued options to purchase approximately 105,971,520 shares of its common stock at an average exercise price of $0.0262 with a fair value of approximately $37,000. For the three and nine months ended September 30, 2023, the Company issued no options to purchase shares.   For the three months ended September 30, 2023 and 2022, the Company recognized an expense of approximately $7,200 and $315,000, respectively and for the nine months ended September 30, 2023 and 2022, the Company recognized an expense of approximately $25,000 and $847,000, respectively, of non-cash compensation expense (included in General and Administrative expense in the accompanying Consolidated Statement of Operations) determined by application of a Black-Scholes option pricing model with the following inputs: exercise price, dividend yields, risk-free interest rate, and expected annual volatility. As of September 30, 2023, the Company had approximately $1,504,700 of unrecognized pre-tax non-cash compensation expense related to performance based options to purchase shares, which the Company expects to recognize, based on a weighted-average period of 2.7 years. The Company uses straight-line amortization of compensation expense over the requisite service period for time-based options. For performance-based options the Company evaluates the likelihood of a vesting qualification being met, and will establish the expense based on that evaluation. The maximum contractual term of the Company’s stock options is 5 years. The Company recognizes forfeitures and expirations as they occur. Options to purchase approximately 57,877,500 shares have vested as of September 30, 2023.     The Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:   Schedule of Valuation Assumptions of Options     Nine Months ended September 30,       2023     2022   Expected volatility     172.0% - 346.4 %     172.0 – 346.4 % Expected term     1.50 – 5.0 Years       1.5 – 5.0 Years   Risk-free interest rate     0.16% - 4.64 %     0.16% - 2.10 % Forfeiture rate     0.17 %     0.03 %   The expected volatility was determined with reference to the historical volatility of the Company’s stock. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury rate in effect at the time of grant.   A summary of the status of the Company’s outstanding stock options as of September 30, 2023 and December 31, 2022 and changes during the periods ending on such dates is as follows:   Schedule of Outstanding Stock Option Activity     Number of     Weighted Average Exercise     Weighted Average Remaining Contractual     Aggregate Intrinsic       Options     Price     Life in Years     Value   Outstanding at December 31, 2021     233,128,266     $ 0.0362       2.23           Granted     5,710,901       0.0281                   Forfeited     (400,000 )     0.0354                   Exercised     -       -                   Cancelled     -       -                   Outstanding – December 31, 2022     238,439,167     $ 0.0360       1.43           Exercisable – December 31, 2022     111,558,754     $ 0.0321       1.33     $ 68,994                                     Granted     -       -                   Forfeited     (129,148,529 )     0.0443                   Exercised     -       -                   Cancelled     -       -                   Outstanding – September 30, 2023     109,290,638     $ 0.0262       1.99           Exercisable – September 30, 2023     57,877,504     $ 0.0217       1.54     $ 36,983     The following table summarizes information about employee stock options outstanding at September 30, 2023.   Summary of Exercise Price of Employee Stock Options Outstanding Range of Exercise Price   Number outstanding at September 30, 2023     Weighted average remaining life     Weighted average exercise price     Number exercisable at September 30, 2023     Weighted average exercise price     Weighted average remaining life   $ 0.0180 - $0.0225     70,730,020       1.47     $ 0.0182       45,730,020     $ 0.0181       1.12   $ 0.0229 - $0.0325     5,018,254       3.79     $ 0.0267       4,993,254     $ 0.0267       3.79   $ 0.0360 - $0.0425     25,457,364       2.82     $ 0.0398       6,179,230     $ 0.0395       2.76   $ 0.0440 - $0.0531     8,085,000       2.81     $ 0.0529       975,000     $ 0.0520       1.96     Outstanding options     109,290,638       1.99       0.0262       57,877,504       0.0217       1.54     At September 30, 2023, there was approximately $1,504,755 of unrecognized stock option expense which may be recognized only if the full vesting requirements for these options are met.   At September 30, 2023, there was approximately $44,992 of total unrecognized stock option expense which is expected to be recognized on a straight-line basis over a weighted-average period of 0.95 years.     Warrants   On January 18, 2023 and February 18, 2023, the Company issued to Charles Hyatt, an aggregate of 11,428,570 units, with each unit consisting of one share of common stock and a two-year common stock purchase warrant to purchase one share of common stock at an exercise price of $0.0175 per share in consideration of $200,000.   A summary of the Company’s warrants as of December 31, 2022 and changes during the nine months ended September 30, 2023 is presented below:   Schedule of Warrant Activity     Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life in Years     Aggregate Intrinsic Value                             Outstanding – December 31, 2022     18,255,951     $ 0.0245       1.55     $ 12,000   Granted     11,428,570     $ 0.0175                   Exercised     -                           Forfeited or Expired     4,000,000-                           Outstanding – September 30, 2023     25,684,521     $ 0.0247       1.18           Exercisable – September 30, 2023     25,684,521     $ 0.0247       1.18     $ 24,000

v3.23.3

Commitments and contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 9. Commitments and contingencies   Royalty Agreement   On June 30, 2020, the Company entered into Amendment No. 2 to its Patent License Agreement with Setaysha Technical Solutions, LLC (“STS”). The Amendment, among other things, provides that STS provide 30 hours per week of commercialization support for its NextGen licensed products without charge. In consideration therefor, the Company agreed to an increased minimum yearly royalty payment of $60,000 for years 2022, 2023 and 2024, with a yearly fourth quarter true up against earned royalties. In addition, if the Company terminates the Agreement with STS prior to December 31, 2023, the Company is obligated to pay STS $180,000, less cumulative royalties paid in excess of $334,961 for the years 2019 through 2024. Royalty recorded under the Amendment was $31,335 and $54,708 for the three months ended September 30, 2023 and 2022, respectively and $107,308 and $149,024 for the nine months ended September 30, 2023 and 2022, respectively.     Consulting and Employment Agreements   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 served 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 received (i) an annual base salary of $200,000, payable in accordance with the customary payroll practices of the Company, and (ii) upon execution of the Constable Employment Agreement and on each anniversary thereof, a non-qualified immediately exercisable five-year option to purchase that number of shares equal to $100,000 of the value of the Company’s common stock at an exercise price equal to the market price of the Company’s common stock on the date of issuance. Accordingly, on November 5, 2020, Mr. Constable was issued an option to purchase 5,434,783 shares of common stock at an exercise price of $0.0184 per share, on November 5, 2021, Mr. Constable was issued an option to purchase 2,403,846 shares of the Company’s common stock at an exercise price of $0.0401 per share and on November 5, 2022, Mr. Constable was issued an option to purchase 3,968,254 shares of the Company’s common stock at an exercise price of $0.0252 per share.   In addition, Mr. Constable was entitled to receive four-year stock options to purchase shares of common stock at an exercise price of $0.0184 per share in the following amounts based upon the following performance milestones during the term of the Constable Employment Agreement: (i) 2,000,000 shares, if the Company’s total net revenues, as reported in its statement of operations in its financial statements in its filings with the SEC, including as a result of a stock or asset acquisition of a third party (“Net Revenues”) are in excess of $5,000,000, in the aggregate, for four consecutive fiscal quarters; (ii) 3,000,000 shares, if the Company’s Net Revenues are in excess of $7,500,000, in the aggregate, for four consecutive fiscal quarters; (iii) 5,000,000 shares, if the Company’s Net Revenues are in excess of $10,000,000, in the aggregate, for four consecutive fiscal quarters; and (iv) 20,000,000 shares, if the Company’s common stock is listed on the NASDAQ or New York Stock Exchange.   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 served as Chief Executive Officer of BLU3. In consideration for his services, Blake Carmichael received (i) an annual base salary of $120,000, payable in accordance with the customary payroll practices of the Company, (ii) a cash bonus equal to 5% of the net income of BLU3, payable quarterly, beginning with the first full calendar quarter after the execution of the agreement, and (iii) upon execution of the Carmichael Employment Agreement, a non-qualified five-year stock option to purchase 3,759,400 shares at $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-year stock option to purchase up to 18,000,000 shares of common stock at an exercise price of $0.0399 per share that will vest upon annual financial metrics based upon a revenue measurement, expediency measurement and an EBITDA measurement. A measurement was made for the three and nine months ended September 30, 2023 resulting in no additional expense since the vesting criteria were not met.   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, payable in accordance with the customary payroll practices of the Company, (ii) a car allowance and cell phone allowance of $10,800 per year, (iii) a five-year option issued under the Plan to purchase 300,000 shares of common stock of the Company at $0.0531 per share, which option vests quarterly over the eight calendar quarters.   In addition, Mrs. Buban shall be entitled to receive a five-year stock option to purchase up to 7,110,000 shares of common stock of the Company at an exercise price of $0.0531 per share, which vests upon the attainment of certain defined annual financial metrics, as set forth in the Buban Employment Agreement. A measurement was made for the three and nine months ended September 30, 2023 and no expense was recorded based upon the vesting criteria not being met.     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 therefore, the Company will pay CLG a monthly flat fee of $3,000 for SEC reporting work and its normal hourly rate for other legal work and issued 1,000,000 shares of common stock with a fair market value of $27,500 to CLG.   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 of a three year lease for the property located at 259 Commercial Blvd., Suites 2 and 3 in Lauderdale-By-The Sea, Florida for $2,816 per month base rent. The lease expired on March 31, 2023 and LBI is currently renting on a month to month basis. LBI has the option to renew the lease for a two year term with an increase of base rent of 3.5%.   On September 14, 2022, SSI entered into a sixty-month lease renewal for its facility in Huntington Beach, California commencing on February 1, 2022 with base rent of approximately $17,550 per month for the first 24 months with an annual escalation clause of 3.0% thereafter. Obligations under the lease are guaranteed by the Company. The Company paid an additional security deposit of $10,727 upon entering into the lease.   On September 30, 2022, SSI entered into a sublease of its facility in Huntington Beach, California with Camburg Engineering, Inc. (“Tenant”) commencing October 1, 2022, The term of the sublease is through December 31, 2023, with a base monthly rent of $2,247 for the first twelve months with a 3% annual escalation thereafter. The Tenant also pays a monthly common area maintenance of $112. The Tenant provided a security deposit of $2,426 upon entering into the sublease.   On December 22, 2022, the U.S. Consumer Products Safety Commission (the “CPSC”) issued a voluntary recall notice for the Nomad tankless dive system, which is distributed by BLU3, Inc. As part of the recall procedure, the CPSC has approved the Company’s proposed remedy for the recall and BLU3 will begin to receive units back from consumers to repair affected Nomad units. The Company has evaluated the costs of this recall and has deemed it necessary to set an allowance of $160,500 for such costs. During the three and nine months ended September 30, 2023 the Company repaired and returned 133 and 653 units, respectively, to customers resulting in a reduction of the reserve of $-0- and $93,161 for the three and nine months ended September 30, 2023, respectively.

v3.23.3

Segment Reporting	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	Note 10. Segment Reporting   The Company has five operating segments as described below:     1. SSA Products, which sells recreational multi-diver surface supplied air diving systems.         2. High Pressure Gas Systems, which sells high pressure air and industrial gas compressor packages.         3. Ultra-Portable Tankless Dive Systems, which sells next generation electric surface supply air diving systems and electric shallow dive systems 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 retail store for the diving community.     Schedule of Segment Reporting Information     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022                   Three Months Ended September 30 (unaudited)                                           Legacy SSA Products     High Pressure Gas Systems     Ultra Portable Tankless Dive Systems     Redundant Air Tank Systems     Guided Tour Retail     Total Company       2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022   Net Revenues   $ 942,411     $ 913,785     $ 76,093     $ 350,839     $ 476,963     $ 980,169     $ 667,191     $ 471,051     $ 119,348     $ 92,959     $ 2,282,006     $ 2,808,804   Cost of Revenue     (715,309 )     (578,234 )     (77,147 )     (254,649 )      (324,799 )     (587,997 )     (352,444 )     (321,984 )     (74,941 )     (109,083 )     (1,544,635 )     (1,851,948 ) Depreciation/Amortization     2,792       4,370       -       -       7,885       4,479       28,928       19,054       2,501       2,637       42,106       30,540   Gross Profit     227,105       335,551       (1,054 )     96,190       152,164       392,172       314,747       149,067       44,407       (16,124 )     737,371       956,856   Income (loss) from Operations   $ 104,433     $ (154,667 )   $ (89,959 )   $ 6,904     $ (176,477 )   $ 14,699     $ 92,948     $ (91,169 )   $ (7,932 )   $ (48,408 )     (77,773 )     (272,640 )        2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022                   Nine Months ended September 30 (unaudited)                                           Legacy SSA Products     High Pressure Gas Systems     Ultra Portable Tankless Dive Systems     Redundant Air Tank Systems     Guided Tour Retail     Total Company       2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022   Net Revenues   $ 2,005,718     $ 2,291,916     $ 651,579     $ 897,849     $ 1,540,298     $ 2,659,027     $ 1,539,675     $ 1,192,986     $ 255,501     $ 143,233     $ 5,992,771     $ 7,185,011   Cost of Revenue     (1,612,265 )     (1,598,618 )      (441,587 )     (555,688 )      (1,045,784 )     (1,574,982 )     (953,752 )     (837,054 )     (162,571 )     (123,219 )     (4,215,959 )     (4,689,561 ) Depreciation/Amortization     11,365       13,109       -       -       15,534       13,435       87,021       68,161       7,423       2,637       121,343       97,342   Gross Profit     393,453       693,298       209,992       342,161       494,514       1,084,045       585,923       355,932       92,930       20,014       1,776,812       2,495,450   Income (loss) from operations   $ (44,897 )   $ (859,224 )   $ (81,643 )   $ 89,068     $ (371,095 )   48,922     $ (10,960 )   $ (259,274 )   $ (51,761 )   $ (45,171 )     (560,356 )   $ (1,025,679 ) Total Assets   $ 1,293,941     $ 1,511,872     $ 311,831     $ 383,827     $ 624,592     $ 1,193,570     $ 2,465,100     $ 2,739,757     $ 194,286     $ 249,898     $ 5,031,375     $ 6,078,924

v3.23.3

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events   On November 14, 2023, the Company borrowed funds through the issuance of a promissory note (the Note) in the principal amount of $150,000 to Charles Hyatt, a Company director, for working capital requirements and payment of certain expenses in connection with the Company’s business combinations. The maturity date of the Note is May 7, 2024 (the “Maturity Date”). The Note bears interest at a rate of 9.9% per annum, and a default interest of 18% per annum. Interest payments shall be due and payable on a monthly basis. The Company may prepay the Note in whole or in part, at any time without premium or penalty.

v3.23.3

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation   The 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, 2022 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 the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 for a broader discussion of the Company’s business and the risks inherent in such business. The results of operations for the nine months ended September 30, 2023, and are not necessarily indicative of results to be expected for any other interim period or the fiscal year ending December 31, 2023.
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 GAAP 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 per EIN. At September 30, 2023 and December 31, 2022, the Company had no amount in excess of the FDIC insured limit.
Accounts receivable	Accounts receivable   The Company manufactures and sells its products to a broad range of customers, primarily retail stores. Few customers are provided with payment terms of 30 days. The Company has tracked historical loss information for its trade receivables and compiled historical credit loss percentages for different aging categories (current, 1–30 days past due, 31–60 days past due, 61–90 days past due, and more than 90 days past due).   In accordance with ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), management believes that the historical loss information it has compiled is a reasonable base on which to determine expected credit losses for trade receivables held at September 30, 2023, because the composition of the trade receivables at that date is consistent with that used in developing the historical credit-loss percentages (i.e., the similar risk characteristics of its customers and its lending practices have not changed significantly over time). As a result, management applied the applicable credit loss rates to determine the expected credit loss estimate for each aging category. Accordingly, the allowance for expected credit losses at September 30, 2023 totaled $28,558.
Inventory	Inventory   Inventory consists of the following:   Schedule of Inventory     September 30, 2023 (unaudited)     December 31, 2022                 Raw materials   $ 1,052,975     $ 1,207,957   Work in process     60,006       80,727   Finished goods     1,045,156       1,302,995   Rental Equipment     55,893       55,893   Allowance reserve     (167,959 )     (225,687 ) Inventory, net   $ 2,046,071     $ 2,421,885     As of September 30, 2023 and December 31, 2022, the Company recorded allowances for obsolete or slow-moving inventory of $166,698 and $166,432, respectively.
Revenue Recognition	Revenue Recognition   The Company recognizes revenue in accordance with ASC Topic 606 Revenue from Contracts with Customers. The Company recognizes revenue when performance obligations under the terms of a contract with the customer are satisfied. The Company typically satisfies its performance obligations in contracts with customers upon shipment of the goods. Generally, payment is due upon receipt of the invoice and the contracts do not have significant financing components. Product sales occur once control or title is transferred based on the commercial terms. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. Product sales are recorded net of variable consideration, such as provisions for returns, discounts and promotional allowances. Such provisions are calculated based on the actual allowances given. Management believes that adequate provision has been made for cash discounts, returns, spoilage and promotional allowances based on the Company’s historical experience.   A breakdown of the total revenue between related party and non-related party revenue is as follows:   Schedule of Related Party and Non-Related Party Revenue     2023     2022     2023     2022       Three months ended September 30     Nine months ended September 30       2023     2022     2023     2022       (unaudited)     (unaudited)     (unaudited)     (unaudited)   Revenues   $ 2,027,592     $ 2,591,383     $ 5,321,577     $ 6,403,522   Revenues - related parties     254,414       217,421       671,194       781,489   Total Revenues   $ 2,282,006     $ 2,808,804     $ 5,992,771     $ 7,185,011     See further disaggregate revenue disclosures by segment and product type in Note 10.   Cost of Sales   Cost of sales consists of the cost of the components of finished goods, the costs of raw materials utilized in the manufacture of products, in-bound and out-bound freight charges, direct manufacturing labor as well as certain internal transfer costs, warehouse expenses incurred prior to the manufacture of the Company’s finished products, inventory allowance for excess and obsolete products, and royalties paid on licensing agreements. Components account for the largest portion of the cost of sales. Components include plastic molded parts, gas powered engines, aluminum pressure bottles, electronic parts, batteries and packaging materials.   The breakdown of cost of sales to include cost of sales for related party and non-related party as well as the related party and non-related party royalty expense is as follows:   Schedule of Related Party and Non-Related Party Cost of Revenue     2023     2022     2023     2022       Three months ended September 30     Nine months ended September 30       2023     2022     2023     2022       (unaudited)     (unaudited)     (unaudited)     (unaudited)   Cost of revenues   $ 1,372,755     $ 1,667,586     $ 3,734,350     $ 4,121,071   Cost of revenues - related parties     116,976       106,693       325,037       365,892   Cost of revenues     116,976       106,693       325,037       365,892   Royalties expense - related parties     23,569       22,961       49,264       53,574   Royalties expense     31,335       54,708       107,308       149,024   Total cost of revenues   $ 1,544,635     $ 1,851,948     $ 4,215,959     $ 4,689,561
Lease Accounting	Lease Accounting   The Company accounts 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. The Company elected the practical expedients permitted under the transition guidance of the new standard that retained the lease classification and initial direct costs for any leases that existed prior to adoption of the standard. The Company did not reassess whether any contracts entered into prior to adoption are leases or contain leases.   The Company categorizes leases with contractual terms longer than twelve months as either operating or finance. Finance leases are generally those leases that would allow the Company 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. The Company did not have any finance leases as of September 30, 2023. The Company’s leases generally have terms that range from three years for equipment and five to twenty years for property. The Company elected the accounting policy to include both the lease and non-lease components of its 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 the Company. 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 the Company has 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 the Company we will exercise the option, it considers 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 nine months ended September 30, 2023, lease expenses were approximately $110,700 and approximately $327,900, respectively. For the three and nine months ended September 30, 2022, lease expenses were approximately $76,300 and approximately $205,000, respectively. Cash paid for operating liabilities for the three and nine months ended September 30, 2023 was approximately $84,000 and approximately $245,000, respectively. For the nine months ended September 30, 2022 cash paid for operating liabilities was approximately $204,500.   Supplemental balance sheet information related to leases was as follows:   Schedule of Supplemental Balance Sheet Information Operating Leases   September 30, 2023         (unaudited)   Right-of-use assets   $ 941,714   Current lease liabilities   $ 287,555   Non-current lease liabilities     658,597   Total lease liabilities   $ 946,152
Stock-Based Compensation	Stock-Based Compensation   The Company accounts 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.   The Company uses the Black-Scholes valuation model to calculate the fair value of options and warrants issued to both employees and non-employees. Stock issued for compensation is valued on the effective date of the agreement in accordance with generally accepted accounting principles, which includes determination of the fair value of the share-based transaction. The fair value is determined through use of the quoted stock price.
Derivatives	Derivatives   The accounting treatment of derivative financial instruments requires that the Company record certain warrants and embedded conversion options at their fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date. Any change in fair value is recorded as non-operating, non-cash income or expense for each reporting period at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. As a result of entering into certain note agreements, for which such instruments contained a variable conversion feature with no floor, the Company has adopted a sequencing policy, by earliest issuance date, in accordance with ASC 815-40-35-12 whereby all future instruments may be classified as a derivative liability with the exception of instruments related to share-based compensation issued to employees or directors, as long as the certain variable issuance terms in certain convertible instruments exist. As of September 30, 2023, the Company did not have any derivative liabilities.
Loss per share of common stock	Loss per share of common stock   Basic loss 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 loss 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 September 30, 2023 and September 30, 2022, 149,612,199 and 249,177,870 shares, respectively, of potentially dilutive shares were not recognized as their inclusion would be anti-dilutive. These shares reflect shares potentially issuable under convertible notes, outstanding warrants, outstanding stock options and the conversion of preferred stock.
Recent accounting pronouncements	Recent accounting pronouncements   ASU 2016-13 Current Expected Credit Loss (ASC326)   In December 2021, the FASB issued an 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 was adopted on January 1, 2023, with no effect to the financial statements.   ASU 2020-06 Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity.   In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) - Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity. The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for the exceptions. The ASU also simplifies the diluted net income per share calculation in certain areas. The new guidance is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of the standard on the consolidated financial statements.   Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on our financial statements upon adoption or are not applicable.

v3.23.3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of Inventory	Inventory consists of the following:   Schedule of Inventory     September 30, 2023 (unaudited)     December 31, 2022                 Raw materials   $ 1,052,975     $ 1,207,957   Work in process     60,006       80,727   Finished goods     1,045,156       1,302,995   Rental Equipment     55,893       55,893   Allowance reserve     (167,959 )     (225,687 ) Inventory, net   $ 2,046,071     $ 2,421,885
Schedule of Related Party and Non-Related Party Revenue	A breakdown of the total revenue between related party and non-related party revenue is as follows:   Schedule of Related Party and Non-Related Party Revenue     2023     2022     2023     2022       Three months ended September 30     Nine months ended September 30       2023     2022     2023     2022       (unaudited)     (unaudited)     (unaudited)     (unaudited)   Revenues   $ 2,027,592     $ 2,591,383     $ 5,321,577     $ 6,403,522   Revenues - related parties     254,414       217,421       671,194       781,489   Total Revenues   $ 2,282,006     $ 2,808,804     $ 5,992,771     $ 7,185,011
Schedule of Related Party and Non-Related Party Cost of Revenue	The breakdown of cost of sales to include cost of sales for related party and non-related party as well as the related party and non-related party royalty expense is as follows:   Schedule of Related Party and Non-Related Party Cost of Revenue     2023     2022     2023     2022       Three months ended September 30     Nine months ended September 30       2023     2022     2023     2022       (unaudited)     (unaudited)     (unaudited)     (unaudited)   Cost of revenues   $ 1,372,755     $ 1,667,586     $ 3,734,350     $ 4,121,071   Cost of revenues - related parties     116,976       106,693       325,037       365,892   Cost of revenues     116,976       106,693       325,037       365,892   Royalties expense - related parties     23,569       22,961       49,264       53,574   Royalties expense     31,335       54,708       107,308       149,024   Total cost of revenues   $ 1,544,635     $ 1,851,948     $ 4,215,959     $ 4,689,561
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows:   Schedule of Supplemental Balance Sheet Information Operating Leases   September 30, 2023         (unaudited)   Right-of-use assets   $ 941,714   Current lease liabilities   $ 287,555   Non-current lease liabilities     658,597   Total lease liabilities   $ 946,152

v3.23.3

Convertible Promissory Notes and Loans Payable (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Instrument [Line Items]
Schedule of Convertible Debentures	Convertible promissory notes consisted of the following at September 30, 2023:    Schedule of Convertible Debentures Origination Date   Maturity Date   Interest Rate     Origination Principal Balance     Original Discount Balance     Period End Principal Balance     Period End Discount Balance     Period End Balance, Net     Accrued Interest Balance   Reg. 9/03/21   9/03/24     8 %     346,500       (12,355 )   $ 346,500     $ (4,010 )   $ 342,490             -   (1) 9/03/21   9/03/24     8 %     3,500       (125 )     3,500       (42 )     3,458       -   (2) 9/30/22   Demand     8 %     66,793       (19,245 )     63,746       (12,865 )     50,881       -   (3) 9/14/23   Demand     8 %     50,000       -       50,000       -       50,000       -   (4)                                 $ 463,746     $ (16,917 )   $ 446,829     $ -
Schedule Convertible Promissory Notes	A breakdown of current and long-term amounts due are as follows for the convertible promissory notes as of September 30, 2023:   Schedule Convertible Promissory Notes     Summit Holdings V,     Tierra Vista Partners,     Robert Carmichael     Robert Carmichael             LLC Note     LLC Note     Note     Note     Total   2023   $ -     $ -     $ 63,746     $ 50,000     $ 113,746   2024     346,500       3,500       -       -       350,000   Discount     (4,010 )     (42 )     (12,865 )     -       (16,917 ) Total Loan Payments   $ 342,490     $ 3,458     $ 50,881     $ 50,000     $ 446,829   Current Portion of Loan Payable   $ (342,490 )   $ (3,458 )   $ (50,881 )   $ (50,000 )   $ (446,829 ) Non-Current Portion of Loan Payable   $ -     $ -     $ -     $ -     $ -     (1) On September 3, 2021, the Company issued a three-year 8% convertible promissory note in the principal amount of $346,500 to Summit Holding V, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in shares of common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 per share at any time during the term of the note. The Company recorded $12,355 for the beneficial conversion feature. This note is classified as a current liability for this period.
Schedule of Future Amortization of Loans Payable	Schedule of Future Amortization of Loans Payable     Mercedes     Navitas     NFS     Navitas 2022             BMG (1)     BLU3 (2)     SSI (3)     BLU3 (4)     Total   2023 (9 months)   $ 2,792     $ 3,365     $ 8,379     $ 4,738     $ 19,274   2024     11,168       16,629       26,279       21,228       75,304   2025     8,686       18,024       12,328       23,610       62,648   2026     -       6,007       -       -       6,007   Total Loan Payments   $ 22,646     $ 44,025     $ 46,986     $ 49,576     $ 163,233   Current Portion of Loan Payable   $ (10,626 )   $ (16,297 )   $ (25,193 )   $ (20,671 )   $ (72,787 ) Non-Current Portion of Loan Payable   $ 12,020     $ 27,728     $ 21,793     $ 28,905     $ 90,446     (1) 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 is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of September 30, 2023 was $22,646 and $31,023 as of December 31, 2022.   (2) On May 19, 2021, BLU3 executed an equipment finance agreement with Navitas Credit Corp. (“Navitas”) to finance the purchase of certain plastic molding equipment. The amount financed is $75,764 payable over 60 equal monthly installments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $44,025 and $54,930 as of December 31, 2022.   (3) 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 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of September 30, 2023 and December 31, 2022 was $46,986 and $60,804, respectively.   (4) On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $49,576 and $63,689 as of December 31, 2022.
Convertible Debenture [Member] | Summit Holding V, LLC [Member]
Debt Instrument [Line Items]
Schedule of Future Amortization of Loans Payable	Schedule of Future Amortization of Notes Payable     Payment Amortization   2023 (9 months)   $ -   2024     346,500   Total Note Payments   $ 346,500   Current portion of note payable     (346,500 ) Non-Current Portion of Notes Payable   $ -
Convertible Debenture [Member] | Tierra Vista Partners, LLC [Member]
Debt Instrument [Line Items]
Schedule of Future Amortization of Loans Payable	Schedule of Future Amortization of Notes Payable     Payment Amortization   2023 (9 months)   $ -   2024     3,500   Total Note Payments   $ 3,500   Current portion of note payable     (3,500 ) Non-Current Portion of Notes Payable   $ -

v3.23.3

Business Combination (Tables) - Gold Coast Scuba, LLC [Member]	9 Months Ended
	Sep. 30, 2023
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 from Closing Date   Percentage of shares eligible to be sold or transferred 6 months   Up to 25.0% 9 months   Up to 50.0% 12 months   Up to 100.0%
Summary of Asset Acquisition	Summary of Asset Acquisition     Fair Value   Rental Inventory   $ 48,602   Fixed Assets     50,579   Retail Inventory     60,819   Right of use asset     29,916   Lease liability     (29,916 ) Net Assets Acquired   $ 160,000

v3.23.3

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2023
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’s Goodwill for the nine months ended September 30, 2023.   Summary of Changes in Goodwill     2023   Balance, January 1   $ 249,986   Addition:     -   Balance, September 30   $ 249,986
Summary of Intangible Assets	The following table sets for the components of the Company’s intangible assets at September 30, 2023:   Summary of Intangible Assets     Amortization Period (Years)     Cost     Accumulated Amortization     Net Book Value                             Intangible Assets Subject to amortization                                 Trademarks     15     $ 121,000     $ (16,761 )   $ 104,239   Customer Relationships     10       600,000       (125,000 )     475,000   Non-Compete Agreements     5       22,000       (9,167 )     12,833   Total           $ 743,000     $ (150,928 )   $ 592,072
Schedule of Estimated Intangible Assets Amortization Expense	The aggregate amortization remaining on the intangible assets as of September 30, 2023 is a follows:   Schedule of Estimated Intangible Assets Amortization Expense     Intangible Amortization   2023 (3 months remaining)     18,162   2024     72,466   2025     72,467   2026     71,367   2027     68,066   Thereafter     289,544   Total   $ 592,072     Amortization expense for amortizable intangible assets for both the three months ended September 30, 2023 and 2022 was 18,117, respectively. Amortization expense for both the nine months ended September 30, 2023 and 2022 was 54,350, respectively.

v3.23.3

Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Equity Compensation Plan Information	Equity Compensation Plan Information as of September 30, 2023:   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     3,319,118     $ 0.0401       21,680,882   Equity Compensation Plans Not Approved by Security Holders     105,971,520       0.0258       —   Total     109,290,638     $ 0.0262       21,680,882
Schedule of Valuation Assumptions of Options	The Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:   Schedule of Valuation Assumptions of Options     Nine Months ended September 30,       2023     2022   Expected volatility     172.0% - 346.4 %     172.0 – 346.4 % Expected term     1.50 – 5.0 Years       1.5 – 5.0 Years   Risk-free interest rate     0.16% - 4.64 %     0.16% - 2.10 % Forfeiture rate     0.17 %     0.03 %
Schedule of Outstanding Stock Option Activity	A summary of the status of the Company’s outstanding stock options as of September 30, 2023 and December 31, 2022 and changes during the periods ending on such dates is as follows:   Schedule of Outstanding Stock Option Activity     Number of     Weighted Average Exercise     Weighted Average Remaining Contractual     Aggregate Intrinsic       Options     Price     Life in Years     Value   Outstanding at December 31, 2021     233,128,266     $ 0.0362       2.23           Granted     5,710,901       0.0281                   Forfeited     (400,000 )     0.0354                   Exercised     -       -                   Cancelled     -       -                   Outstanding – December 31, 2022     238,439,167     $ 0.0360       1.43           Exercisable – December 31, 2022     111,558,754     $ 0.0321       1.33     $ 68,994                                     Granted     -       -                   Forfeited     (129,148,529 )     0.0443                   Exercised     -       -                   Cancelled     -       -                   Outstanding – September 30, 2023     109,290,638     $ 0.0262       1.99           Exercisable – September 30, 2023     57,877,504     $ 0.0217       1.54     $ 36,983
Summary of Exercise Price of Employee Stock Options Outstanding	The following table summarizes information about employee stock options outstanding at September 30, 2023.   Summary of Exercise Price of Employee Stock Options Outstanding Range of Exercise Price   Number outstanding at September 30, 2023     Weighted average remaining life     Weighted average exercise price     Number exercisable at September 30, 2023     Weighted average exercise price     Weighted average remaining life   $ 0.0180 - $0.0225     70,730,020       1.47     $ 0.0182       45,730,020     $ 0.0181       1.12   $ 0.0229 - $0.0325     5,018,254       3.79     $ 0.0267       4,993,254     $ 0.0267       3.79   $ 0.0360 - $0.0425     25,457,364       2.82     $ 0.0398       6,179,230     $ 0.0395       2.76   $ 0.0440 - $0.0531     8,085,000       2.81     $ 0.0529       975,000     $ 0.0520       1.96     Outstanding options     109,290,638       1.99       0.0262       57,877,504       0.0217       1.54
Schedule of Warrant Activity	A summary of the Company’s warrants as of December 31, 2022 and changes during the nine months ended September 30, 2023 is presented below:   Schedule of Warrant Activity     Number of Warrants     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life in Years     Aggregate Intrinsic Value                             Outstanding – December 31, 2022     18,255,951     $ 0.0245       1.55     $ 12,000   Granted     11,428,570     $ 0.0175                   Exercised     -                           Forfeited or Expired     4,000,000-                           Outstanding – September 30, 2023     25,684,521     $ 0.0247       1.18           Exercisable – September 30, 2023     25,684,521     $ 0.0247       1.18     $ 24,000

v3.23.3

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Schedule of Segment Reporting Information     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022                   Three Months Ended September 30 (unaudited)                                           Legacy SSA Products     High Pressure Gas Systems     Ultra Portable Tankless Dive Systems     Redundant Air Tank Systems     Guided Tour Retail     Total Company       2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022   Net Revenues   $ 942,411     $ 913,785     $ 76,093     $ 350,839     $ 476,963     $ 980,169     $ 667,191     $ 471,051     $ 119,348     $ 92,959     $ 2,282,006     $ 2,808,804   Cost of Revenue     (715,309 )     (578,234 )     (77,147 )     (254,649 )      (324,799 )     (587,997 )     (352,444 )     (321,984 )     (74,941 )     (109,083 )     (1,544,635 )     (1,851,948 ) Depreciation/Amortization     2,792       4,370       -       -       7,885       4,479       28,928       19,054       2,501       2,637       42,106       30,540   Gross Profit     227,105       335,551       (1,054 )     96,190       152,164       392,172       314,747       149,067       44,407       (16,124 )     737,371       956,856   Income (loss) from Operations   $ 104,433     $ (154,667 )   $ (89,959 )   $ 6,904     $ (176,477 )   $ 14,699     $ 92,948     $ (91,169 )   $ (7,932 )   $ (48,408 )     (77,773 )     (272,640 )        2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022                   Nine Months ended September 30 (unaudited)                                           Legacy SSA Products     High Pressure Gas Systems     Ultra Portable Tankless Dive Systems     Redundant Air Tank Systems     Guided Tour Retail     Total Company       2023     2022     2023     2022     2023     2022     2023     2022     2023     2022     2023     2022   Net Revenues   $ 2,005,718     $ 2,291,916     $ 651,579     $ 897,849     $ 1,540,298     $ 2,659,027     $ 1,539,675     $ 1,192,986     $ 255,501     $ 143,233     $ 5,992,771     $ 7,185,011   Cost of Revenue     (1,612,265 )     (1,598,618 )      (441,587 )     (555,688 )      (1,045,784 )     (1,574,982 )     (953,752 )     (837,054 )     (162,571 )     (123,219 )     (4,215,959 )     (4,689,561 ) Depreciation/Amortization     11,365       13,109       -       -       15,534       13,435       87,021       68,161       7,423       2,637       121,343       97,342   Gross Profit     393,453       693,298       209,992       342,161       494,514       1,084,045       585,923       355,932       92,930       20,014       1,776,812       2,495,450   Income (loss) from operations   $ (44,897 )   $ (859,224 )   $ (81,643 )   $ 89,068     $ (371,095 )   48,922     $ (10,960 )   $ (259,274 )   $ (51,761 )   $ (45,171 )     (560,356 )   $ (1,025,679 ) Total Assets   $ 1,293,941     $ 1,511,872     $ 311,831     $ 383,827     $ 624,592     $ 1,193,570     $ 2,465,100     $ 2,739,757     $ 194,286     $ 249,898     $ 5,031,375     $ 6,078,924

v3.23.3

Schedule of Inventory (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Raw materials	$ 1,052,975	$ 1,207,957
Work in process	60,006	80,727
Finished goods	1,045,156	1,302,995
Rental Equipment	55,893	55,893
Allowance reserve	(167,959)	(225,687)
Inventory, net	$ 2,046,071	$ 2,421,885

v3.23.3

Schedule of Related Party and Non-Related Party Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Total Revenues	$ 2,282,006	$ 2,808,804	$ 5,992,771	$ 7,185,011
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Revenues	2,027,592	2,591,383	5,321,577	6,403,522
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Total Revenues	$ 254,414	$ 217,421	$ 671,194	$ 781,489

v3.23.3

Schedule of Related Party and Non-Related Party Cost of Revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Total cost of revenues	$ 1,544,635	$ 1,851,948	$ 4,215,959	$ 4,689,561
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Cost of revenues	1,372,755	1,667,586	3,734,350	4,121,071
Royalties expense	31,335	54,708	107,308	149,024
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Cost of revenues	116,976	106,693	325,037	365,892
Royalties expense	$ 23,569	$ 22,961	$ 49,264	$ 53,574

v3.23.3

Schedule of Supplemental Balance Sheet Information (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Right-of-use assets	$ 941,714	$ 1,133,092
Current lease liabilities	287,555	269,046
Non-current lease liabilities	658,597	$ 864,057
Total lease liabilities	$ 946,152

v3.23.3

Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Allowance for expected credit losses	$ 28,558		$ 28,558
Inventory valuation reserves	166,698		$ 166,698		$ 166,432
Lease description			The Company’s leases generally have terms that range from three years for equipment and five to twenty years for property.
Operating lease, expense	110,700	$ 76,300	$ 327,900	$ 205,000
Operating lease, payments	84,000		$ 245,000	$ 204,500
Antidilutive earnings per share, amount			149,612,199	249,177,870
Maximum [Member]
Property, Plant and Equipment [Line Items]
Cash, FDIC Insured Amount	$ 250,000		$ 250,000

v3.23.3

Going Concern (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 616,315
Accumulated deficit	17,053,810	$ 16,437,495
Working capital surplus	$ 724,961

v3.23.3

Related Party Transactions (Details Narrative) - USD ($)									3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 14, 2023	Jun. 30, 2023	Mar. 31, 2023	Feb. 18, 2023	Jan. 18, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Royalities percentages											2.50%
Royalty Expense									$ 54,904	$ 77,669	$ 156,572	$ 202,598
Accrued royalities current and non current		$ 7,513							7,513		7,513
Outstsanding principal balance		$ 446,829							$ 446,829		$ 446,829
Warrant exercise price		$ 0.0262							$ 0.0262		$ 0.0262
Shares issued for cash												$ 265,000
Robert Carmichael [Member]
Related Party Transaction [Line Items]
Stock issued during period, shares		61,677		61,677	61,204
Stock issued during period, shares		$ 1,287		$ 1,287	$ 1,336
Robert Carmichael [Member] | Live Blue, Inc. [Member]
Related Party Transaction [Line Items]
Debt instrument stated interest percentage								8.00%		8.00%		8.00%
Principal amount								$ 66,793		$ 66,793		$ 66,793
Debt instrument, convertible, conversion price								$ 0.021		$ 0.021		$ 0.021
Discount rate value of weighted average price								35.00%		35.00%		35.00%
Debt instrument beneficial conversion feature								$ 19,250
Payments productive assets											3,047
Outstsanding principal balance	[1]	63,746							$ 63,746		63,746
Robert Carmichael [Member] | BLU3, Inc. [Member]
Related Party Transaction [Line Items]
Debt instrument stated interest percentage			8.00%
Principal amount			$ 50,000
Debt instrument, convertible, conversion price			$ 0.01351
Discount rate value of weighted average price			35.00%
Debt instrument beneficial conversion feature			$ 0
Outstsanding principal balance	[1]	50,000							50,000		50,000
Related Party [Member]
Related Party Transaction [Line Items]
Accounts payable		37,210							37,210		37,210		$ 37,539
Related Party [Member] | Brownies Global Logistics LLC [Member]
Related Party Transaction [Line Items]
Accounts payable													2,980
Related Party [Member] | Robert Carmichael [Member]
Related Party Transaction [Line Items]
Accounts receivable		8,264							8,264		8,264		2,349
Accounts payable		8,497							8,497		8,497		5,000
Related Party [Member] | LLC 940 [Member]
Related Party Transaction [Line Items]
Accounts payable		23,713							23,713		23,713		29,559
Related Party [Member] | Blake Carmichael [Member]
Related Party Transaction [Line Items]
Accounts payable		5,000							5,000		5,000
Charles Hyatt [Member] | Warrant [Member]
Related Party Transaction [Line Items]
Stock issued during period, shares						11,428,570	11,428,570
Warrant exercise price						$ 0.0175	$ 0.0175
Shares issued for cash						$ 200,000	$ 200,000
Robert Carmichael [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Accounts receivable		$ 39,477							$ 39,477		$ 39,477		$ 53,079
Robert Carmichael [Member] | Revenue Benchmark [Member] | Product Concentration Risk [Member]
Related Party Transaction [Line Items]
Concentration risk percentage									9.90%	12.10%	11.20%	12.90%
[1] 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 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of September 30, 2023 and December 31, 2022 was $46,986 and $60,804, respectively.

v3.23.3

Schedule of Convertible Debentures (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Debt Instrument [Line Items]
Period End Principal Balance	$ 463,746
Period End Discount Balance	(16,917)
Period End Balance Net	446,829
Accrued Interest Balance
Convertible Debenture One [Member]
Debt Instrument [Line Items]
Origination Date	Sep. 03, 2021	[1]
Maturity Date	Sep. 03, 2024	[1]
Interest Rate	8.00%	[1]
Origination Principal Balance	$ 346,500	[1]
Original Discount Balance	(12,355)	[1]
Period End Principal Balance	346,500	[1]
Period End Discount Balance	(4,010)	[1]
Period End Balance Net	342,490	[1]
Accrued Interest Balance		[1]
Convertible Debenture Two [Member]
Debt Instrument [Line Items]
Origination Date	Sep. 03, 2021	[2]
Maturity Date	Sep. 03, 2024	[2]
Interest Rate	8.00%	[2]
Origination Principal Balance	$ 3,500	[2]
Original Discount Balance	(125)	[2]
Period End Principal Balance	3,500	[2]
Period End Discount Balance	(42)	[2]
Period End Balance Net	3,458	[2]
Accrued Interest Balance		[2]
Convertible Debenture Three [Member]
Debt Instrument [Line Items]
Origination Date	Sep. 30, 2022	[3]
Interest Rate	8.00%	[3]
Origination Principal Balance	$ 66,793	[3]
Original Discount Balance	(19,245)	[3]
Period End Principal Balance	63,746	[3]
Period End Discount Balance	(12,865)	[3]
Period End Balance Net	50,881	[3]
Accrued Interest Balance		[3]
Debt maturity date, description	Demand	[3]
Convertible Debenture Four [Member]
Debt Instrument [Line Items]
Origination Date	Sep. 14, 2023	[4]
Interest Rate	8.00%	[4]
Origination Principal Balance	$ 50,000	[4]
Original Discount Balance		[4]
Period End Principal Balance	50,000	[4]
Period End Discount Balance		[4]
Period End Balance Net	50,000	[4]
Accrued Interest Balance		[4]
Debt maturity date, description	Demand	[4]
[1] 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 is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of September 30, 2023 was $22,646 and $31,023 as of December 31, 2022. [2] On May 19, 2021, BLU3 executed an equipment finance agreement with Navitas Credit Corp. (“Navitas”) to finance the purchase of certain plastic molding equipment. The amount financed is $75,764 payable over 60 equal monthly installments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $44,025 and $54,930 as of December 31, 2022. [3] 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 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of September 30, 2023 and December 31, 2022 was $46,986 and $60,804, respectively. [4] On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $49,576 and $63,689 as of December 31, 2022.

v3.23.3

Schedule Convertible Promissory Notes (Details)	Sep. 30, 2023 USD ($)
2023	$ 19,274
2024	75,304
Discount	(16,917)
Total Loan Payments	163,233
Current Portion of Loan Payable	(72,787)
Non-Current Portion of Loan Payable	90,446
Convertible Debt Securities [Member]
2023	113,746
2024	350,000
Discount	(16,917)
Total Loan Payments	446,829
Current Portion of Loan Payable	(446,829)
Non-Current Portion of Loan Payable
Summit Holdings VLLC Note [Member] | Convertible Debt Securities [Member]
2023
2024	346,500
Discount	(4,010)
Total Loan Payments	342,490
Current Portion of Loan Payable	(342,490)
Non-Current Portion of Loan Payable
TierraVista Partners LLC Note [Member] | Convertible Debt Securities [Member]
2023
2024	3,500
Discount	(42)
Total Loan Payments	3,458
Current Portion of Loan Payable	(3,458)
Non-Current Portion of Loan Payable
Robert Carmichael Note [Member] | Convertible Debt Securities [Member]
2023	63,746
2024
Discount	(12,865)
Total Loan Payments	50,881
Current Portion of Loan Payable	(50,881)
Non-Current Portion of Loan Payable
Robert Carmichael Note One [Member] | Convertible Debt Securities [Member]
2023	50,000
2024
Discount
Total Loan Payments	50,000
Current Portion of Loan Payable	(50,000)
Non-Current Portion of Loan Payable

v3.23.3

Schedule of Convertible Debentures (Details) (Parenthetical) - USD ($)	Sep. 14, 2023	Sep. 30, 2022	Sep. 03, 2021	Sep. 30, 2023
Debt Instrument [Line Items]
Convertible debt				$ 446,829
Convertible Notes Payable [Member] | Robert Carmichael [Member]
Debt Instrument [Line Items]
Convertible debt	$ 50,000	$ 66,793
Debt conversion price per share	$ 0.01351	$ 0.021
Debt beneficial conversion feature	$ 0	$ 19,250
Interest rate	8.00%	8.00%
Convertible Notes Payable [Member] | Summit Holding V, LLC [Member]
Debt Instrument [Line Items]
Interest rate			8.00%
Convertible debt			$ 346,500
Debt instrument payment rate percentage			50.00%
Debt conversion price per share			$ 0.051272
Debt beneficial conversion feature			$ 12,355
Convertible Notes Payable [Member] | Tierra Vista Partners, LLC [Member]
Debt Instrument [Line Items]
Interest rate			8.00%
Convertible debt			$ 3,500
Debt instrument payment rate percentage			50.00%
Debt conversion price per share			$ 0.051272
Debt beneficial conversion feature			$ 125

v3.23.3

Schedule of Future Amortization of Notes Payable (Details) - USD ($)	Sep. 30, 2023	Sep. 03, 2021
Debt Instrument [Line Items]
2023 (9 months)	$ 19,274
2024	75,304
Total Note Payments	163,233
Current portion of note payable	(72,787)
Non-Current Portion of Notes Payable	$ 90,446
Convertible Debenture [Member] | Summit Holding V, LLC [Member]
Debt Instrument [Line Items]
2023 (9 months)
2024		346,500
Total Note Payments		346,500
Current portion of note payable		(346,500)
Non-Current Portion of Notes Payable
Convertible Debenture [Member] | Tierra Vista Partners, LLC [Member]
Debt Instrument [Line Items]
2023 (9 months)
2024		3,500
Total Note Payments		3,500
Current portion of note payable		(3,500)
Non-Current Portion of Notes Payable

v3.23.3

Schedule of Future Amortization of Loans Payable (Details)	Sep. 30, 2023 USD ($)
2023 (9 months)	$ 19,274
2024	75,304
2025	62,648
2026	6,007
Total Note Payments	163,233
Current Portion of Loan Payable	(72,787)
Non-Current Portion of Loan Payable	90,446
Mercedes Benz [Member]
2023 (9 months)	2,792	[1]
2024	11,168	[1]
2025	8,686	[1]
2026		[1]
Total Note Payments	22,646	[1]
Current Portion of Loan Payable	(10,626)	[1]
Non-Current Portion of Loan Payable	12,020	[1]
Navitas BLU3 [Member]
2023 (9 months)	3,365	[2]
2024	16,629	[2]
2025	18,024	[2]
2026	6,007	[2]
Total Note Payments	44,025	[2]
Current Portion of Loan Payable	(16,297)	[2]
Non-Current Portion of Loan Payable	27,728	[2]
NFS SSI [Member]
2023 (9 months)	8,379	[3]
2024	26,279	[3]
2025	12,328	[3]
2026		[3]
Total Note Payments	46,986	[3]
Current Portion of Loan Payable	(25,193)	[3]
Non-Current Portion of Loan Payable	21,793	[3]
Navitas 2022 BLU3 [Member]
2023 (9 months)	4,738	[4]
2024	21,228	[4]
2025	23,610	[4]
2026		[4]
Total Note Payments	49,576	[4]
Current Portion of Loan Payable	(20,671)	[4]
Non-Current Portion of Loan Payable	$ 28,905	[4]
[1] 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 is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of September 30, 2023 was $22,646 and $31,023 as of December 31, 2022. [2] On May 19, 2021, BLU3 executed an equipment finance agreement with Navitas Credit Corp. (“Navitas”) to finance the purchase of certain plastic molding equipment. The amount financed is $75,764 payable over 60 equal monthly installments of $1,611 (the “Navitas 1”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $44,025 and $54,930 as of December 31, 2022. [3] 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 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of September 30, 2023 and December 31, 2022 was $46,986 and $60,804, respectively. [4] On December 12, 2022, BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas Credit Corp. (“Navitas”). The amount financed is $63,689 payable over 36 equal monthly installments of $2,083 (“Navitas 2”). The equipment finance agreement contains customary events of default. The loan balance as of September 30, 2023 was $49,576 and $63,689 as of December 31, 2022.

v3.23.3

Schedule of Future Amortization of Loans Payable (Details) (Parenthetical) - USD ($)					9 Months Ended
	Dec. 12, 2022	Jun. 29, 2022	May 19, 2021	Aug. 21, 2020	Sep. 30, 2023	Dec. 31, 2022
Operating lease, description					The Company’s leases generally have terms that range from three years for equipment and five to twenty years for property.
Mercedes Benz [Member] | Installment Agreement [Member]
Debt instrument face amount				$ 55,841
Debt instrument term				60 months
Debt instrument monthly installment				$ 931
Loans payable					$ 22,646	$ 31,023
Navitas Credit Corp. [Member]
Debt instrument face amount	$ 63,689
Debt instrument term	36 months
Debt instrument monthly installment	$ 2,083
Loans payable					49,576	63,689
Navitas Credit Corp. [Member] | Installment Agreement [Member]
Debt instrument face amount			$ 75,764
Debt instrument term			60 months
Debt instrument monthly installment			$ 1,611
Loans payable					44,025	54,930
SSI [Member]
Loans payable					$ 46,986	$ 60,804
Purchase price		$ 84,500
Proceeds from related party		$ 63,375
Operating lease, description		The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571
Lessee, finance lease, term of contract		33 months
Short-term lease payments		$ 2,571

v3.23.3

Summary of Holding Period and Shares Eligible to Sold (Details) - Gold Coast Scuba, LLC [Member]	May 02, 2022
6 Months [Member]
Business Acquisition [Line Items]
Holding period from closing date	6 months
Percentage of shares eligible to be sold	25.00%
9 Months [Member]
Business Acquisition [Line Items]
Holding period from closing date	9 months
Percentage of shares eligible to be sold	50.00%
12 Months [Member]
Business Acquisition [Line Items]
Holding period from closing date	12 months
Percentage of shares eligible to be sold	100.00%

v3.23.3

Summary of Asset Acquisition (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Asset Acquisition [Line Items]
Cost per books	$ 160,000
Rental Inventory [Member]
Asset Acquisition [Line Items]
Cost per books	48,602
Fixed Assets [Member]
Asset Acquisition [Line Items]
Cost per books	50,579
Retail Inventory [Member]
Asset Acquisition [Line Items]
Cost per books	60,819
Right Of Use Asset [Member]
Asset Acquisition [Line Items]
Cost per books	29,916
Lease Liability [Member]
Asset Acquisition [Line Items]
Cost per books	$ (29,916)

v3.23.3

Business Combination (Details Narrative) - USD ($)		9 Months Ended
	May 02, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Payments to acquire businesses, gross			$ 30,000
Gold Coast Scuba, LLC [Member]
Business Acquisition [Line Items]
Assets purchased, price	$ 150,000
Number of shares issued for consideration	3,084,831
Number of shares issued for consideration, value	$ 120,000
Payments to acquire businesses, gross	$ 30,000
Business combination inventory assumed, description	The leak-out restriction may be waived by the Company, upon written request by a LLC Member, 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
Transaction costs	$ 10,000
Revenue		212,876
Net loss		$ 75,579

v3.23.3

Summary of Changes in Goodwill (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance, January 1	$ 249,986
Addition:
Balance, September 30	$ 249,986

v3.23.3

Summary of Intangible Assets (Details)	Sep. 30, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible assets, cost	$ 743,000
Accumulated amortization	(150,928)
Intangible assets net book value	$ 592,072
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period (years)	15 years
Intangible assets, cost	$ 121,000
Accumulated amortization	(16,761)
Intangible assets net book value	$ 104,239
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period (years)	10 years
Intangible assets, cost	$ 600,000
Accumulated amortization	(125,000)
Intangible assets net book value	$ 475,000
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization period (years)	5 years
Intangible assets, cost	$ 22,000
Accumulated amortization	(9,167)
Intangible assets net book value	$ 12,833

v3.23.3

Schedule of Estimated Intangible Assets Amortization Expense (Details)	Sep. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023 (3 months remaining)	$ 18,162
2024	72,466
2025	72,467
2026	71,367
2027	68,066
Thereafter	289,544
Total	$ 592,072

v3.23.3

Goodwill and Intangible Assets, Net (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 18,117	$ 18,117	$ 54,350	$ 54,350

v3.23.3

Schedule of Equity Compensation Plan Information (Details)	Sep. 30, 2023 $ / 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	109,290,638
Weighted - average exercise price of outstanding options, warrants and rights | $ / shares	$ 0.0262
Number of securities remaining available for future issuances under equity compensation plans	21,680,882
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	3,319,118
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	21,680,882
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	105,971,520
Weighted - average exercise price of outstanding options, warrants and rights | $ / shares	$ 0.0258
Number of securities remaining available for future issuances under equity compensation plans

v3.23.3

Schedule of Valuation Assumptions of Options (Details)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Expected volatility, minimum	172.00%	172.00%
Expected volatility, maximum	346.40%	346.40%
Risk-free interest rate, minimum	0.16%	0.16%
Risk-free interest rate, maximum	4.64%	2.10%
Forfeiture rate	0.17%	0.03%
Minimum [Member]
Expected term	1 year 6 months	1 year 6 months
Maximum [Member]
Expected term	5 years	5 years

v3.23.3

Schedule of Outstanding Stock Option Activity (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Number of options, outstanding, beginning balance	238,439,167	233,128,266
Weighted average exercise price, outstanding, beginning balance	$ 0.0360	$ 0.0362
Weighted average remaining contractual life in years	1 year 11 months 26 days	1 year 5 months 4 days	2 years 2 months 23 days
Number of options, granted		5,710,901
Weighted average exercise price, granted		$ 0.0281
Number of options, forfeited	(129,148,529)	(400,000)
Weighted average exercise price, granted	$ 0.0443	$ 0.0354
Number of optionss, exercised
Weighted average exercise price, exercised
Number of optionss, cancelled
Weighted average exercise price, cancelled
Number of options, exercisable, beginning balance	111,558,754
Weighted average exercise price, exercisable, beginning balance	$ 0.0321
Weighted average remaining contractual life in years, exercisable	1 year 6 months 14 days	1 year 3 months 29 days
Aggregate intrinsic value, exercisable, beginning balance	$ 68,994
Number of options, outstanding, ending balance	109,290,638	238,439,167	233,128,266
Weighted average exercise price, outstanding, ending balance	$ 0.0262	$ 0.0360	$ 0.0362
Number of options, exercisable, ending balance	57,877,504	111,558,754
Weighted average exercise price, exercisable, ending balance	$ 0.0217	$ 0.0321
Aggregate intrinsic value, exercisable, ending balance	$ 36,983	$ 68,994

v3.23.3

Summary of Exercise Price of Employee Stock Options Outstanding (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Stock options, outstanding | shares	109,290,638
Stock options, weighted average remaining life	1 year 11 months 26 days
Stock options, weighted average exercise price	$ 0.0262
Stock options, excercisable | shares	57,877,504
Stock options, weighted average exercise price, exercisable	$ 0.0217
Stock options, weighted average remaining life, exercisable	1 year 6 months 14 days
Exercise Price Range One [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower range limit	$ 0.0180
Exercise price, upper range limit	$ 0.0225
Stock options, outstanding | shares	70,730,020
Stock options, weighted average remaining life	1 year 5 months 19 days
Stock options, weighted average exercise price	$ 0.0182
Stock options, excercisable | shares	45,730,020
Stock options, weighted average exercise price, exercisable	$ 0.0181
Stock options, weighted average remaining life, exercisable	1 year 1 month 13 days
Exercise Price Range Two [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower range limit	$ 0.0229
Exercise price, upper range limit	$ 0.0325
Stock options, outstanding | shares	5,018,254
Stock options, weighted average remaining life	3 years 9 months 14 days
Stock options, weighted average exercise price	$ 0.0267
Stock options, excercisable | shares	4,993,254
Stock options, weighted average exercise price, exercisable	$ 0.0267
Stock options, weighted average remaining life, exercisable	3 years 9 months 14 days
Exercise Price Range Three [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower range limit	$ 0.0360
Exercise price, upper range limit	$ 0.0425
Stock options, outstanding | shares	25,457,364
Stock options, weighted average remaining life	2 years 9 months 25 days
Stock options, weighted average exercise price	$ 0.0398
Stock options, excercisable | shares	6,179,230
Stock options, weighted average exercise price, exercisable	$ 0.0395
Stock options, weighted average remaining life, exercisable	2 years 9 months 3 days
Exercise Price Range Four [Member]
Share-Based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise price, lower range limit	$ 0.0440
Exercise price, upper range limit	$ 0.0531
Stock options, outstanding | shares	8,085,000
Stock options, weighted average remaining life	2 years 9 months 21 days
Stock options, weighted average exercise price	$ 0.0529
Stock options, excercisable | shares	975,000
Stock options, weighted average exercise price, exercisable	$ 0.0520
Stock options, weighted average remaining life, exercisable	1 year 11 months 15 days

v3.23.3

Schedule of Warrant Activity (Details) - Warrant [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of warrants, outstanding, beginning balance	18,255,951
Weighted average exercise price, outstanding, beginning balance	$ 0.0245
Weighted average remaining contractual life in years		1 year 6 months 18 days
Aggregate intrinsic value, beginning balance	$ 12,000
Number of warrants, granted	11,428,570
Weighted average exercise price,exercised	$ 0.0175
Number of warrants, exercised
Number of warrants, forfeited	4,000,000
Number of warrants, outstanding, ending balance	25,684,521	18,255,951
Weighted average exercise price, outstanding, ending balance	$ 0.0247	$ 0.0245
Weighted average remaining contractual life in years	1 year 2 months 4 days
Number of warrants, exercisable	25,684,521
Weighted average exercise price, exercisable, ending balance	$ 0.0247
Weighted average remaining contractual life in years, exercisable	1 year 2 months 4 days
Aggregate intrinsic value, ending balance	$ 24,000	$ 12,000

v3.23.3

Stockholders’ Equity (Details Narrative) - USD ($)						1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Feb. 18, 2023	Jan. 18, 2023	Apr. 30, 2011	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	May 26, 2021	Jun. 30, 2010
Class of Stock [Line Items]
Class of warrant or right, exercise price of warrants or rights	$ 0.0262						$ 0.0262		$ 0.0262
Proceeds from warrant exercises										$ 265,000
Convertible shares issued, value							$ 6,983
Preferred stock, shares authorized	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
Shares reserved for issuance under the plan	138,941						138,941		138,941		138,941
Common stock shares purchase	109,290,638						109,290,638		109,290,638		238,439,167	233,128,266
Average exercise price	$ 0.0262						$ 0.0262		$ 0.0262		$ 0.0360	$ 0.0362
Common stock shares purchase											5,710,901
Options Held [Member]
Class of Stock [Line Items]
Unrecognized stock option	$ 1,504,755						$ 1,504,755		$ 1,504,755
Weighted Average [Member]
Class of Stock [Line Items]
Unrecognized stock option	$ 44,992						44,992		$ 44,992
Weighted-average period for recognition									11 months 12 days
General and Administrative Expense [Member]
Class of Stock [Line Items]
Non-cash compensation expense							$ 7,200	$ 315,000	$ 25,000	$ 847,000
Equity Incentive Plan [Member]
Class of Stock [Line Items]
Shares reserved for issuance under the plan													25,000,000
Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Common stock shares purchase	105,971,520						105,971,520		105,971,520
Average exercise price	$ 0.0262						$ 0.0262		$ 0.0262
Fair value granted									$ 37,000
Common stock shares purchase
Unrecognized stock option	$ 1,504,700						$ 1,504,700		$ 1,504,700
Weighted-average period for recognition									2 years 8 months 12 days
Maximum contractual term									5 years
Number of shares vested									57,877,500
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
Mr. Charles F. Hyatt [Member]
Class of Stock [Line Items]
Stock issued during period, shares, new issues				11,428,570	11,428,570
Class of warrant or right, exercise price of warrants or rights				$ 0.0175	$ 0.0175
Proceeds from warrant exercises				$ 200,000	$ 200,000
Robert Carmichael [Member]
Class of Stock [Line Items]
Stock issued during period, shares, new issues	61,677	61,677	61,204
Convertible shares issued	61,205	61,205	61,204
Convertible shares issued, value	$ 1,326	$ 1,326	$ 1,336
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
Convertible Notes Holder [Member]
Class of Stock [Line Items]
Convertible shares issued	137,000	137,000	137,000
Convertible shares issued, value	$ 7,000	$ 7,000	$ 7,000

v3.23.3

Commitments and contingencies (Details Narrative) - USD ($)										3 Months Ended			9 Months Ended		12 Months Ended
	Dec. 22, 2022	Sep. 30, 2022	Sep. 14, 2022	May 02, 2022	Jan. 17, 2022	Sep. 03, 2021	Aug. 01, 2021	Nov. 05, 2020	Jun. 30, 2020	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Nov. 05, 2022	Nov. 05, 2021
Loss Contingencies [Line Items]
Common stock shares purchase										109,290,638			109,290,638		238,439,167	233,128,266
Exercise price										$ 0.0262			$ 0.0262		$ 0.0360	$ 0.0362
Weighted average remaining contractual term													1 year 11 months 26 days		1 year 5 months 4 days	2 years 2 months 23 days
Options exercisable price										$ 0.0217			$ 0.0217		$ 0.0321
Monthly rent		$ 2,247	$ 17,550	$ 2,816
Rent increased percentage			3.00%	3.50%
Security deposit		2,426	$ 10,727								$ 2,426			$ 2,426
Monthly common area maintenance		$ 112
Reserve cost	$ 160,500
Repaired and returned units										133		653
Customers resulting in reduction and reserve amount										$ 0			$ 93,161
Crone Law Group [Member]
Loss Contingencies [Line Items]
Monthly rent					$ 3,000
Shares issued					1,000,000
Common stock with a fair market value					$ 27,500
Patent License Agreement [Member] | Setaysha Technical Solutions, LLC [Member]
Loss Contingencies [Line Items]
Minimum royalty									$ 60,000
Payments for Royalties										$ 31,335	$ 54,708		$ 107,308	$ 149,024
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									$ 334,961
Constable Employment Agreement [Member]
Loss Contingencies [Line Items]
Annual base salary								$ 200,000
Payments for repurchase of common stock								$ 100,000
Common stock shares purchase								5,434,783									3,968,254	2,403,846
Exercise price								$ 0.0184									$ 0.0252	$ 0.0401
Options exercisable price								$ 0.0184
Stock issued during period, shares, new issues								20,000,000
Constable Employment Agreement [Member] | Four Year Stock Option [Member]
Loss Contingencies [Line Items]
Common stock shares purchase								2,000,000
Weighted average remaining contractual term								4 years
Stock or asset acquisition of third party								$ 5,000,000
Constable Employment Agreement [Member] | Four Consecutive Fiscal Quarters One [Member]
Loss Contingencies [Line Items]
Common stock shares purchase								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]
Common stock shares purchase								5,000,000
Aggregate value of excess of net revenue								$ 10,000,000
Blake Carmichael Agreement [Member]
Loss Contingencies [Line Items]
Annual base salary							$ 120,000
Common stock shares purchase							3,759,400
Exercise price							$ 0.0399
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
Blake Carmichael Agreement One [Member]
Loss Contingencies [Line Items]
Exercise price							$ 0.0399
Weighted average remaining contractual term							5 years
Blake Carmichael Agreement One [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Common stock shares purchase							18,000,000
Buban Agreement [Member]
Loss Contingencies [Line Items]
Annual base salary						$ 110,000
Common stock shares purchase						300,000
Exercise price						$ 0.0531
Weighted average remaining contractual term						5 years
Share based payment arrangement, expense						$ 10,800
Buban Agreement [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Common stock shares purchase						7,110,000
Buban Agreement [Member] | Five Year Stock Option [Member]
Loss Contingencies [Line Items]
Exercise price						$ 0.0531
Gagas Employment Agreement [Member]
Loss Contingencies [Line Items]
Annual base salary				$ 50,000

v3.23.3

Schedule of Segment Reporting Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue from External Customer [Line Items]
Net Revenues	$ 2,282,006	$ 2,808,804	$ 5,992,771	$ 7,185,011
Cost of Revenue	(1,544,635)	(1,851,948)	(4,215,959)	(4,689,561)
Depreciation/Amortization	42,106	30,540	121,343	97,342
Gross Profit	737,371	956,856	1,776,812	2,495,450
Income (loss) from operations	(77,773)	(272,640)	(560,356)	(1,025,679)
Total Assets	5,031,375		5,031,375		$ 5,665,484
Operating Segments [Member]
Revenue from External Customer [Line Items]
Total Assets	5,031,375	6,078,924	5,031,375	6,078,924
Legacy SSA Products [Member]
Revenue from External Customer [Line Items]
Net Revenues	942,411	913,785	2,005,718	2,291,916
Cost of Revenue	(715,309)	(578,234)	(1,612,265)	(1,598,618)
Depreciation/Amortization	2,792	4,370	11,365	13,109
Gross Profit	227,105	335,551	393,453	693,298
Income (loss) from operations	104,433	(154,667)	(44,897)	(859,224)
Legacy SSA Products [Member] | Operating Segments [Member]
Revenue from External Customer [Line Items]
Total Assets	1,293,941	1,511,872	1,293,941	1,511,872
High Pressure Gas Systems [Member]
Revenue from External Customer [Line Items]
Net Revenues	76,093	350,839	651,579	897,849
Cost of Revenue	(77,147)	(254,649)	(441,587)	(555,688)
Depreciation/Amortization
Gross Profit	(1,054)	96,190	209,992	342,161
Income (loss) from operations	(89,959)	6,904	(81,643)	89,068
High Pressure Gas Systems [Member] | Operating Segments [Member]
Revenue from External Customer [Line Items]
Total Assets	311,831	383,827	311,831	383,827
Ultra Portable Tankless Dive Systems [Member]
Revenue from External Customer [Line Items]
Net Revenues	476,963	980,169	1,540,298	2,659,027
Cost of Revenue	(324,799)	(587,997)	(1,045,784)	(1,574,982)
Depreciation/Amortization	7,885	4,479	15,534	13,435
Gross Profit	152,164	392,172	494,514	1,084,045
Income (loss) from operations	(176,477)	14,699	(371,095)	48,922
Ultra Portable Tankless Dive Systems [Member] | Operating Segments [Member]
Revenue from External Customer [Line Items]
Total Assets	624,592	1,193,570	624,592	1,193,570
Redundant Air Tank Systems [Member]
Revenue from External Customer [Line Items]
Net Revenues	667,191	471,051	1,539,675	1,192,986
Cost of Revenue	(352,444)	(321,984)	(953,752)	(837,054)
Depreciation/Amortization	28,928	19,054	87,021	68,161
Gross Profit	314,747	149,067	585,923	355,932
Income (loss) from operations	92,948	(91,169)	(10,960)	(259,274)
Redundant Air Tank Systems [Member] | Operating Segments [Member]
Revenue from External Customer [Line Items]
Total Assets	2,465,100	2,739,757	2,465,100	2,739,757
Guided Tour Retail [Member]
Revenue from External Customer [Line Items]
Net Revenues	119,348	92,959	255,501	143,233
Cost of Revenue	(74,941)	(109,083)	(162,571)	(123,219)
Depreciation/Amortization	2,501	2,637	7,423	2,637
Gross Profit	44,407	(16,124)	92,930	20,014
Income (loss) from operations	(7,932)	(48,408)	(51,761)	(45,171)
Guided Tour Retail [Member] | Operating Segments [Member]
Revenue from External Customer [Line Items]
Total Assets	$ 194,286	$ 249,898	$ 194,286	$ 249,898

v3.23.3

Subsequent Events (Details Narrative) - Promissory Note [Member] - Subsequent Event [Member]	Nov. 14, 2023 USD ($)
Subsequent Event [Line Items]
Debt face amount	$ 150,000
Debt maturity date	May 7, 2024
Debt interest rate during period	9.90%
Debt instrument stated interest percentage	18.00%

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