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Inventory
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventory

NOTE 3 - Inventory

 

Inventory was comprised of the following as of June 30, 2025 and December 31, 2024, respectively:

Schedule of Inventory

 

   June 30, 2025   December 31, 2024 
         
Inventory  $17,097,686   $12,716,062 
Inventory-in-transit   4,259,256    2,484,863 
Allowance   (416,196)   (560,293)
Total  $20,940,746   $14,640,632 

 

As of June 30, 2025 and December 31, 2024, $416,196 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.

 

 

HOUR LOOP, INC.

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS