Inventory

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Inventory

NOTE 3 - Inventory

Inventory was comprised of the following as of September 30, 2024 and December 31, 2023, respectively:

	September 30, 2024			December 31, 2023
Inventory	$	17,964,767		$	13,377,530
Inventory-in-transit		11,695,161			1,574,911
Allowance		(578,622	)		(675,886	)
Total	$	29,081,306		$	14,276,555

As of September 30, 2024 and December 31, 2023, $578,622 and $675,886 was written down from the cost of inventories to their net realizable values, respectively. Full inventory allowance is recorded for the inventory SKU not sold for more than one year.

The allowance of inventory is recorded under cost of goods sold in the income statement.