XML 21 R11.htm IDEA: XBRL DOCUMENT v3.25.1
Inventory
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

NOTE 3 - Inventory

 

Inventory was comprised of the following as of March 31, 2025 and December 31, 2024, respectively:

  

   March 31, 2025   December 31, 2024 
         
Inventory  $12,499,473   $12,716,062 
Inventory-in-transit   3,887,356    2,484,863 
Allowance   (497,347)   (560,293)
Total  $15,889,482   $14,640,632 

 

 

As of March 31, 2025 and December 31, 2024, $497,347 and $560,293 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.