| SEGMENT INFORMATION |
NOTE 9 — SEGMENT INFORMATION The CODM uses operating income to evaluate the performance of the overall business, make investing decisions, and allocate resources. The following table depicts the Company’s segment results of operations, including significant expenses that are regularly reviewed by the CODM, for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | | | Consumer | | Commercial | | Consolidated | | Consumer | | Commercial | | Consolidated | | | | | | | | | | | | | | | | | | | | Sales | | $ | 192,717,539 | | $ | 48,303,823 | | $ | 241,021,362 | | $ | 130,469,468 | | $ | 49,906,761 | | $ | 180,376,229 | Cost of goods sold | | | 169,793,289 | | | 17,303,080 | | | 187,096,369 | | | 114,587,598 | | | 21,472,844 | | | 136,060,442 | Selling, general and administrative | | | 15,454,592 | | | 18,494,881 | | | 33,949,473 | | | 15,211,970 | | | 19,393,162 | | | 34,605,132 | Depreciation and amortization | | | 791,966 | | | 1,074,623 | | | 1,866,589 | | | 524,510 | | | 1,027,264 | | | 1,551,774 | | | | | | | | | | | | | | | | | | | | Operating income | | $ | 6,677,692 | | $ | 11,431,239 | | $ | 18,108,931 | | $ | 145,390 | | $ | 8,013,491 | | $ | 8,158,881 |
The following table depicts a reconciliation from segment operating income to income before income taxes for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | | | Consumer | | Commercial | | Consolidated | | Consumer | | Commercial | | Consolidated | | | | | | | | | | | | | | | | | | | | Operating income | | $ | 6,677,692 | | $ | 11,431,239 | | $ | 18,108,931 | | $ | 145,390 | | $ | 8,013,491 | | $ | 8,158,881 | Other income | | | 352,295 | | | 668,634 | | | 1,020,929 | | | 104,561 | | | 933,121 | | | 1,037,682 | Interest expense | | | (204,603) | | | (202,039) | | | (406,642) | | | (228,792) | | | (218,591) | | | (447,383) | | | | | | | | | | | | | | | | | | | | Income before income taxes | | $ | 6,825,384 | | $ | 11,897,834 | | $ | 18,723,218 | | $ | 21,159 | | $ | 8,728,021 | | $ | 8,749,180 |
Other significant segment items that are regularly reviewed by the CODM are Capital Expenditures, which the Company defines as any purchases of property and equipment or intangible assets. The following table depicts Capital Expenditures for the years ended December 31, 2025 and 2024: | | | | | | | | | Year Ended December 31, | | | 2025 | | 2024 | | | | | | | | Consumer | | $ | 820,906 | | $ | 3,159,705 | Commercial | | | 84,792 | | | 144,419 | Corporate | | | 345,448 | | | 454,280 | | | | | | | | | | $ | 1,251,146 | | $ | 3,758,404 |
The following table depicts the Company’s total assets: | | | | | | | | | As of | | | December 31, 2025 | | December 31, 2024 | | | | | | | | Consumer | | $ | 56,313,243 | | $ | 40,454,328 | Commercial | | | 20,272,552 | | | 33,068,887 | Corporate | | | 19,436,952 | | | 4,347,274 | | | | | | | | | | $ | 96,022,747 | | $ | 77,870,489 |
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