| Schedule of Net Revenues Disaggregated by Product Category |
The following table summarizes the Company’s
net revenues disaggregated by product category:
| | |
Three Months Ended
June 30, | | |
Six Months Ended
June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Builds | |
$ | 6,910,684 | | |
$ | 6,347,465 | | |
$ | 13,318,583 | | |
$ | 13,246,819 | |
| Warranty and other | |
| 105,208 | | |
| 106,953 | | |
| 118,680 | | |
| 197,345 | |
| Total revenues, net | |
$ | 7,015,892 | | |
$ | 6,454,418 | | |
$ | 13,437,263 | | |
$ | 13,444,164 | |
|
The following table summarizes the Company’s
net revenues disaggregated by product category:
| | |
Year Ended December 31, | |
| | |
2024 | | |
2023 | |
| | |
As
Restated
| |
| Builds | |
$ | 24,771,840 | | |
$ | 19,317,837 | |
| Warranty and other | |
| 393,893 | | |
| 174,769 | |
| Total revenues, net | |
$ | 25,165,733 | | |
$ | 19,492,606 | |
|
| Schedule of Deferred Revenue and Remaining Performance Obligation |
Deferred revenue and remaining performance obligation:
| | |
June 30,
2025 | | |
December 31,
2024 | |
| | |
| | |
| |
| Beginning balance, January 1 | |
$ | 11,802,825 | | |
$ | 16,190,861 | |
| Additional deposits received | |
| 8,316,944 | | |
| 19,476,465 | |
| Revenue Recognized during the year at a point-in-time | |
| (11,150,099 | ) | |
| (23,864,501 | ) |
| Ending balance | |
$ | 8,969,670 | | |
$ | 11,802,825 | |
|
Contract Liability and remaining performance
obligations
| | |
2024 | | |
2023 | |
| | |
As
Restated
| |
| Beginning balance, January 1 | |
$ | 16,190,861 | | |
$ | 17,493,628 | |
| Additional deposits received | |
| 19,476,466 | | |
| 17,454,370 | |
| Revenue Recognized during the year at a point-in-time | |
| (23,864,501 | ) | |
| (18,757,137 | ) |
| Ending balance, December 31 | |
$ | 11,802,825 | | |
$ | 16,190,861 | |
|