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REVENUE
12 Months Ended
Dec. 31, 2025
REVENUE  
REVENUE

NOTE 10 — REVENUE

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

  ​ ​ ​

Year Ended December 31, 

 

  ​ ​ ​

2025

2024

 

  ​ ​ ​

Sales

  ​ ​ ​

Gross Margin

  ​ ​ ​

Margin

Sales

  ​ ​ ​

Gross Margin

  ​ ​ ​

Margin

  ​ ​ ​

Consumer

$

192,717,539

$

22,924,250

 

11.9

%  

$

130,469,468

$

15,881,870

 

12.2

%

Commercial

 

48,303,823

 

31,000,743

 

64.2

%  

 

49,906,761

 

28,433,917

 

57.0

%

$

241,021,362

$

53,924,993

 

22.4

%  

$

180,376,229

$

44,315,787

 

24.6

%

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 - 12/31/2024

 

738,132

 

 

455,385

 

 

 

Commercial

 

 

  ​

 

 

  ​

 

 

  ​

Opening Balance - 1/1/2024

 

 

4,399,658

 

 

 

 

Closing Balance - 12/31/2024

 

 

3,646,106

 

 

 

 

  ​ ​ ​

Accounts

  ​ ​ ​

Contract

  ​ ​ ​

Contract

Receivable

Assets

Liabilities

Consumer

 

  ​

 

  ​

 

  ​

Opening Balance - 1/1/2025

 

$

738,132

 

$

 

$

455,385

Closing Balance - 12/31/2025

 

8,404,300

 

 

1,840,636

 

 

 

Commercial

 

 

  ​

 

 

  ​

 

 

  ​

Opening Balance - 1/1/2025

 

 

3,646,106

 

 

 

 

Closing Balance - 12/31/2025

 

 

2,579,891

 

 

 

 

30,579

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