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Inventory
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventory

NOTE 3 - Inventory

 

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

  

   December 31, 2024   December 31, 2023 
         
Inventory  $12,716,062   $13,377,530 
Inventory-in-transit   2,484,863    1,574,911 
Allowance   (560,293)   (675,886)
Total  $14,640,632   $14,276,555 

 

As of December 31, 2024 and 2023, $560,293 and $675,886 were written down from the cost of purchased inventory 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 statements of operations.