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REVENUE

3 Months Ended

Mar. 31, 2024

NOTE 10 — REVENUE

The following table depicts the Company’s disaggregation of total sales and gross margin:

	For the Three Months Ended March 31,
	2024							2023
	Sales		Gross Margin		Margin			Sales		Gross Margin		Margin

Consumer	$	28,226,017	$	3,549,189		12.6	%	$	36,704,397	$	3,984,968		10.9	%

Commercial		11,631,763		6,771,495		58.2	%		11,684,643		7,424,934		63.5	%

Correction of immaterial error ⁽¹⁾									1,420,492		-		-

Commercial adjusted									13,105,135		7,424,934		56.7	%

	$	39,857,780	$	10,320,684		25.9	%	$	49,809,532	$	11,409,902		22.9	%

(1) Correction of Immaterial Error relating to freight arrangement services, see Note 3 - ACCOUNTING POLICIES AND ESTIMATES for further detail.

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

	Accounts		Contract		Contract
	Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2023		839,239		-		196,382
Closing Balance - 3/31/2023		443,223		-		153,379

Commercial
Opening Balance - 1/1/2023		7,110,536		-		-
Closing Balance - 3/31/2023		7,848,131		-		-

	Accounts		Contract		Contract
	Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2024		3,411,501		-		58,728
Closing Balance - 3/31/2024		244,914		-		96,485

Commercial
Opening Balance - 1/1/2024		4,399,658		-		-
Closing Balance - 3/31/2024		4,352,140		-		-

The Company has no contract assets, and the only contract liability is customer deposits, which is reported within other liabilities in the Unaudited Condensed Consolidated Balance Sheets.