SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2026

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 9 — SEGMENT INFORMATION

The CODM uses operating income to evaluate overall business performance, make investment decisions, and allocate resources. The following table depicts the Company’s segment results of operations, including significant expenses that are regularly reviewed by the CODM, for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026						2025
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Sales	$	81,793,522	$	16,587,368	$	98,380,890	$	36,770,604	$	11,485,225	$	48,255,829
Cost of goods sold		72,092,889		5,667,585		77,760,474		32,559,701		3,728,104		36,287,805
Selling, general and administrative		4,054,875		4,868,917		8,923,792		3,887,906		4,516,356		8,404,262
Depreciation and amortization		215,100		270,863		485,963		180,632		264,709		445,341
Operating income	$	5,430,658	$	5,780,003	$	11,210,661	$	142,365	$	2,976,056	$	3,118,421

The following table depicts the reconciliation of the Company’s segment operating income to income before income taxes for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026						2025
	Consumer		Commercial		Consolidated		Consumer		Commercial		Consolidated
Operating income	$	5,430,658	$	5,780,003	$	11,210,661	$	142,365	$	2,976,056	$	3,118,421
Other income		93,181		77,163		170,344		849		204,756		205,605
Interest expense		(38,385)		(40,387)		(78,772)		(54,047)		(52,274)		(106,321)
Income before income taxes	$	5,485,454	$	5,816,779	$	11,302,233	$	89,167	$	3,128,538	$	3,217,705

Other significant segment items regularly reviewed by the CODM include capital expenditures, which the Company defines as purchases of property and equipment or intangible assets. The following table depicts capital expenditures for the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026		2025
Consumer	$	209,240	$	268,953
Commercial		—		—
Corporate		358,661		116,034
	$	567,901	$	384,987

The following table depicts the Company’s total assets:

	As of
	March 31, 2026		December 31, 2025
Consumer	$	50,789,367	$	56,313,243
Commercial		20,848,172		20,272,552
Corporate		36,331,004		19,436,952
	$	107,968,543	$	96,022,747