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REVENUE

12 Months Ended

Dec. 31, 2024

NOTE 11 — REVENUE

The following table depicts the Company’s disaggregation of total sales and gross margin for the years ended December 31, 2024 and 2023:


	Year Ended December 31,
	2024						2023
	Sales		Gross Margin		Margin		Sales		Gross Margin		Margin

Consumer	$	130,469,468	$	15,881,870	12.2	%	$	129,413,669	$	15,648,558	12.1	%

Commercial		49,906,761		28,433,917	57.0	%		42,260,419		26,007,972	61.5	%

Correction of immaterial error ⁽¹⁾		—		—	—			3,589,738		—	—

Commercial adjusted		49,906,761		28,433,917	57.0	%		45,850,157		26,007,972	56.7	%

	$	180,376,229	$	44,315,787	24.6	%	$	175,263,826	$	41,656,530	23.8	%

(1)	Correction of immaterial error relating to freight arrangement services, see Note 3 – Accounting Policies and Estimates for further details.

The following table lists the opening and closing balances of our contract assets and liabilities:


		Accounts		Contract		Contract
		Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2023	$	839,239	$	—	$	282,481
Closing Balance - 12/31/2023		3,411,501		—		185,348

Commercial
Opening Balance - 1/1/2023		7,110,535		—		—
Closing Balance - 12/31/2023		4,399,658		—		—


		Accounts		Contract		Contract
		Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2024	$	3,411,501	$	—	$	185,348
Closing Balance - 12/31/2024		738,132		—		435,508

Commercial
Opening Balance - 1/1/2024		4,399,658		—		—
Closing Balance - 12/31/2024		3,646,106		—		—

The Company has no contract assets, and the only contract liabilities are customer deposits and gift cards, which are reported within other liabilities in the consolidated balance sheets.