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REVENUE

6 Months Ended

Jun. 30, 2024

NOTE 10 — REVENUE

The following table depicts the Company’s disaggregation of total sales and gross margin for the three months ended June 30, 2024 and 2023:

	For the Three Months Ended June 30,
	2024							2023
	Sales		Gross Margin		Margin			Sales		Gross Margin		Margin

Consumer	$	31,990,028	$	4,021,329		12.6	%	$	39,641,434	$	4,094,642		10.3	%

Commercial		13,306,974		7,368,128		55.4	%		10,662,093		6,667,405		62.5	%

Correction of immaterial error ⁽¹⁾		-		-		-			792,350		-		-

Commercial adjusted		13,306,974		7,368,128		55.4	%		11,454,443		6,667,405		58.2	%

	$	45,297,002	$	11,389,457		25.1	%	$	51,095,877	$	10,762,047		21.1	%

(1) Correction of immaterial error relating to freight arrangement services, see Note 3 – Accounting Policies and Estimates for further detail.

The following table depicts the Company’s disaggregation of total sales and gross margin for the six months ended June 30, 2024 and 2023:

	For the Six Months Ended June 30,
	2024							2023
	Sales		Gross Margin		Margin			Sales		Gross Margin		Margin

Consumer	$	60,216,045	$	7,570,518		12.6	%	$	76,345,831	$	8,079,610		10.6	%

Commercial		24,938,737		14,139,623		56.7	%		22,346,736		14,092,339		63.1	%

Correction of immaterial error ⁽¹⁾		-		-		-			2,212,842		-		-

Commercial adjusted		24,938,737		14,139,623		56.7	%		24,559,578		14,092,339		57.4	%

	$	85,154,782	$	21,710,141		25.5	%	$	100,905,409	$	22,171,949		22.0	%

(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 - 6/30/2023		309,234		-		249,179

Commercial
Opening Balance - 1/1/2023		7,110,536		-		-
Closing Balance - 6/30/2023		7,545,398		-		-

	Accounts		Contract		Contract
	Receivable		Assets		Liabilities
Consumer
Opening Balance - 1/1/2024		3,411,501		-		58,728
Closing Balance - 6/30/2024		396,415		-		127,226

Commercial
Opening Balance - 1/1/2024		4,399,658		-		-
Closing Balance - 6/30/2024		4,441,809		-		-

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