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SUMMARY OF SIGNIFICANT ACCOUNTING AND REPORTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Allowance for Doubtful Accounts
The following table presents the activity in the Company’s allowance for doubtful accounts:
 Beginning
Balance		Net Additions/Deductions
and Other
Adjustments		Ending
Balance
Year Ended December 31, 2024:
Allowance for Doubtful Accounts$2,665,203 $(628,306)$2,036,897 
Year Ended December 31, 2023:
Allowance for Doubtful Accounts$2,967,095 $(301,892)$2,665,203 
Year Ended December 31, 2022:
Allowance for Doubtful Accounts$3,176,205 $(209,110)$2,967,095 
Schedule of Assets or Liabilities Having Recurring Measurements
Assets or liabilities that have recurring fair value measurements are shown below as of December 31, 2024 and December 31, 2023:
 
  Fair Value Measurements at Reporting Date Using
 Total as ofQuoted Prices in
Active Markets
for Identical
Assets		Significant Other
Observable
Inputs		Significant
Unobservable
Inputs
DescriptionDecember 31, 2024(Level I)(Level 2)(Level 3)
Cash & Cash Equivalents$233,318,766 $233,318,766 $— $— 
Short-Term Investments:
Asset-backed Securities2,851,933 — 2,851,933 — 
Certificate of Deposit751,728 751,728 — — 
Corporate Bonds3,971,200 — 3,971,200 — 
Government Securities3,982,275 — 3,982,275 — 
Municipal Bonds3,386,500 — 3,386,500 — 
Other1,400,176 1,400,176 — — 
Long-Term Investments:
Asset-backed Securities41,766,104 — 41,766,104 — 
Corporate Bonds54,537,517 — 54,537,517 — 
Government Securities6,199,535 — 6,199,535 — 
Municipal Bonds39,458,318 — 39,458,318 
VOXX Common Stock47,702,903 47,702,903 — — 
Total$439,326,955 $283,173,573 $156,153,382 $— 
  Fair Value Measurements at Reporting Date Using
 Total as ofQuoted Prices in
Active Markets
for Identical
Assets		Significant Other
Observable
Inputs		Significant
Unobservable
Inputs
DescriptionDecember 31, 2023(Level I)(Level 2)(Level 3)
Cash & Cash Equivalents$226,435,019 $226,435,019 $— $— 
Short-Term Investments:
Certificate of Deposit994,013 $994,013 — — 
Corporate Bonds1,943,886 — 1,943,886 — 
Government Securities4,759,507 — 4,759,507 — 
Municipal Bonds1,726,658 — 1,726,658 — 
Other1,465,388 1,465,388 — — 
Long-Term Investments:
Asset-backed Securities27,146,504 — 27,146,504 — 
Certificate of Deposit748,358 748,358 — — 
Corporate Bonds65,404,340 — 65,404,340 — 
Government Securities6,227,129 — 6,227,129 — 
Municipal Bonds56,336,921 56,336,921 — 
VOXX Common Stock18,610,519 18,610,519 — — 
Total$411,798,242 $248,253,297 $163,544,945 $— 
Schedule of Amortized Cost, Unrealized Gains And Losses, and Market Value of Investment Securities
The amortized cost, unrealized gains and losses, and market value of investment securities are shown as of December 31, 2024 and 2023:
 
 Unrealized
2024CostGainsLossesMarket Value
Short-Term Investments:
Asset-backed Securities$2,834,713 $17,220 $— $2,851,933 
Certificate of Deposit750,000 1,728 — 751,728 
Corporate Bonds4,013,735 — (42,535)3,971,200 
Government Securities3,981,161 1,114 — 3,982,275 
Municipal Bonds3,400,019 472 (13,991)3,386,500 
Other1,400,176 — — 1,400,176 
Long-Term Investments:
Asset-backed Securities41,372,112 620,756 (226,764)41,766,104 
Corporate Bonds54,552,964 355,627 (371,074)54,537,517 
Government Securities6,206,437 13,124 (20,026)6,199,535 
Municipal Bonds40,542,837 209,564 (1,294,083)39,458,318 
VOXX Common Stock48,774,886 7,502,949 (8,574,932)47,702,903 
Total$207,829,040 $8,722,554 $(10,543,405)$206,008,189 
 Unrealized
2023CostGainsLossesMarket Value
Short-Term Investments:
Certificate of Deposit$1,000,000 $— $(5,987)$994,013 
Corporate Bonds1,976,195 — (32,309)1,943,886 
Government Securities4,754,495 21,141 (16,129)4,759,507 
Municipal Bonds1,749,038 — (22,380)1,726,658 
Other1,465,388 — — 1,465,388 
Long-Term Investments:
Asset-backed Securities26,923,803 331,847 (109,146)27,146,504 
Certificate of Deposit750,000 — (1,642)748,358 
Corporate Bonds66,214,398 748,471 (1,558,529)65,404,340 
Government Securities6,217,774 10,675 (1,320)6,227,129 
Municipal Bonds58,261,615 811,128 (2,735,822)56,336,921 
VOXX Common Stock17,324,886 1,328,446 (42,813)18,610,519 
Total$186,637,592 $3,251,708 $(4,526,077)$185,363,223 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
Unrealized losses on investments as of December 31, 2024 are as follows:
Aggregate Unrealized LossesAggregate Fair Value
Less than one year$587,357 $46,365,022 
Greater than one year1,381,116 32,602,844 
       Total$1,968,473 $78,967,866 
Unrealized losses on investments as of December 31, 2023 are as follows:
Aggregate Unrealized LossesAggregate Fair Value
Less than one year$126,074 $13,449,592 
Greater than one year4,400,003 76,966,258 
       Total$4,526,077 $90,415,850 
Schedule of Investments Classified by Contractual Maturity Date
Fixed income securities as of December 31, 2024, have contractual maturities as follows:
Due within one year$14,943,636 
Due between one and five years78,885,415 
Due over five years63,076,059 
$156,905,110 
Schedule of Inventories Inventories consisted of the following as of December 31, 2024 and 2023:
 
20242023
Raw materials$307,098,829 $283,126,566 
Work-in-process48,098,732 46,343,955 
Finished goods81,299,884 73,002,507 
Total Inventory$436,497,445 $402,473,028 
Schedule of Future Minimum Lease Payments Future minimum lease payments for operating leases are as follows:
Year ending December 31,
2025$1,902,522 
20261,351,590 
2027948,995 
2028681,303 
202981,569 
Total future minimum lease payments$4,965,979 
Less imputed interest(283,178)
Total$4,682,801 
Schedule of Earnings Per Share Basic and Diluted
The following table sets forth the computation of basic and diluted net income per common share under the two-class method for each of the last three years:
202420232022
Basic Earnings Per Share
Net Income$404,487,743 $428,403,272 $318,757,352 
Less: Allocated to participating securities5,613,957 6,352,424 4,875,057 
Net Income available to common shareholders$398,873,786 $422,050,848 $313,882,295 
Basic weighted average shares outstanding225,710,698 229,405,479 230,825,293 
Net Income per share - Basic$1.77 $1.84 $1.36 
Diluted Earnings Per Share
Allocation of Net Income used in basic computation$398,873,786 $422,050,848 $313,882,295 
Reallocation of undistributed earnings5,594 6,341 5,299 
Net Income available to common shareholders — Diluted$398,879,380 $422,057,189 $313,887,594 
Number of shares used in basic computation225,710,698 229,405,479 230,825,293 
Additional weighted average dilutive common stock equivalents312,784 314,719 394,196 
Diluted weighted average shares outstanding226,023,482 229,720,198 231,219,489 
Net income per share — Diluted$1.76 $1.84 $1.36