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REVENUE
6 Months Ended
Jun. 30, 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 June 30, 2026 and 2025:

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Three Months Ended June 30, 

 

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2026

​

2025

 

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Sales

  ​ ​ ​

Gross Margin

  ​ ​ ​

Margin

​

Sales

  ​ ​ ​

Gross Margin

  ​ ​ ​

Margin

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Consumer

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$

44,729,129

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$

5,524,276

 

12.4

%  

$

43,173,758

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$

4,657,986

 

10.8

%

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Commercial

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12,045,512

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7,853,556

 

65.2

%  

 

11,703,075

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7,729,937

 

66.1

%

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$

56,774,641

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$

13,377,832

 

23.6

%  

$

54,876,833

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$

12,387,923

 

22.6

%

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The following table depicts the Company’s disaggregation of total sales and gross margin for the six months ended June 30, 2026 and 2025:

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Six Months Ended June 30, 

 

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2026

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2025

 

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  ​ ​ ​

Sales

  ​ ​ ​

Gross Margin

  ​ ​ ​

Margin

​

Sales

  ​ ​ ​

Gross Margin

  ​ ​ ​

Margin

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Consumer

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$

126,522,651

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$

15,224,909

 

12.0

%  

$

79,944,362

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$

8,868,889

 

11.1

%

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Commercial

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28,632,880

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18,773,339

 

65.6

%  

 

23,188,300

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15,487,058

 

66.8

%

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$

155,155,531

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$

33,998,248

 

21.9

%  

$

103,132,662

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$

24,355,947

 

23.6

%

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

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Accounts

  ​ ​ ​

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Contract

  ​ ​ ​

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Contract

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Receivable

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Assets

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Liabilities

Consumer

 

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Opening Balance - 1/1/2025

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$

738,132

 

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—

 

​

435,508

Closing Balance - 6/30/2025

 

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1,395,486

 

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—

 

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1,601,699

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Commercial

 

 

  ​

 

 

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  ​

Opening Balance - 1/1/2025

 

 

3,646,106

 

 

—

 

 

—

Closing Balance - 6/30/2025

 

 

3,670,433

 

 

—

 

 

3,623

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  ​ ​ ​

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Accounts

  ​ ​ ​

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Contract

  ​ ​ ​

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Contract

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Receivable

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Assets

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Liabilities

Consumer

 

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Opening Balance - 1/1/2026

 

$

8,404,299

 

$

—

 

$

1,840,637

Closing Balance - 6/30/2026

 

​

863,155

 

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—

 

​

305,499

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Commercial

 

 

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Opening Balance - 1/1/2026

 

 

2,579,891

 

 

—

 

 

30,579

Closing Balance - 6/30/2026

 

 

2,333,960

 

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—

 

​

9,066

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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 condensed consolidated balance sheets.