REVENUE

3 Months Ended

Mar. 31, 2026

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, 2026 and 2025:

	Three Months Ended March 31,
	2026						2025
	Sales		Gross Margin		Margin		Sales		Gross Margin		Margin
Consumer	$	81,793,522	$	9,700,633	11.9	%	$	36,770,604	$	4,210,903	11.5	%
Commercial		16,587,368		10,919,783	65.8	%		11,485,225		7,757,121	67.5	%
	$	98,380,890	$	20,620,416	21.0	%	$	48,255,829	$	11,968,024	24.8	%

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

		Accounts	Contract	Contract
		Receivable	Assets	Liabilities
Consumer
Opening Balance - 1/1/2025	$	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	—	—

		Accounts	Contract	Contract
		Receivable	Assets	Liabilities
Consumer
Opening Balance - 1/1/2026	$	8,404,300	—	1,840,637
Closing Balance - 3/31/2026		887,121	—	2,035,779
Commercial
Opening Balance - 1/1/2026		2,579,891	—	30,579
Closing Balance - 3/31/2026		2,703,024	—	70,603

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