REVENUE

3 Months Ended

Mar. 31, 2025

REVENUE

REVENUE

NOTE 10 — REVENUE

The following table depicts the Company’s disaggregation of total sales and gross margin for the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31,
	2025						2024
	Sales		Gross Margin		Margin		Sales		Gross Margin		Margin
Consumer	$	36,770,604	$	4,210,903	11.5	%	$	28,226,017	$	3,549,189	12.6	%
Commercial		11,485,225		7,757,121	67.5	%		11,631,763		6,771,495	58.2	%
	$	48,255,829	$	11,968,024	24.8	%	$	39,857,780	$	10,320,684	25.9	%

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

		Accounts		Contract		Contract
		Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2024	$	3,411,501	$	—	$	185,348
Closing Balance - 3/31/2024		244,914		—		715,455
Commercial
Opening Balance - 1/1/2024		4,399,658		—		—
Closing Balance - 3/31/2024		4,352,140		—		—

		Accounts		Contract		Contract
		Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2025	$	738,132	$	—	$	435,508
Closing Balance - 3/31/2025		734,362		—		974,185
Commercial
Opening Balance - 1/1/2025		3,646,106		—		—
Closing Balance - 3/31/2025		4,639,583		—		—

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