| REVENUE |
NOTE 10 — REVENUE The following table depicts the Company’s disaggregation of total sales and gross margin for the years ended December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | | | 2025 | | 2024 | | | | | Sales | | Gross Margin | | Margin | | Sales | | Gross Margin | | Margin | | | | | | | | | | | | | | | | | | | | | | Consumer | | $ | 192,717,539 | | $ | 22,924,250 | | 11.9 | % | $ | 130,469,468 | | $ | 15,881,870 | | 12.2 | % | | | | | | | | | | | | | | | | | | | | | Commercial | | | 48,303,823 | | | 31,000,743 | | 64.2 | % | | 49,906,761 | | | 28,433,917 | | 57.0 | % | | | | | | | | | | | | | | | | | | | | | | | $ | 241,021,362 | | $ | 53,924,993 | | 22.4 | % | $ | 180,376,229 | | $ | 44,315,787 | | 24.6 | % | |
The following table lists the opening and closing balances of our contract assets and liabilities: | | | | | | | | | | | | | Accounts | | | Contract | | | Contract | | | | Receivable | | | Assets | | | Liabilities | Consumer | | | | | | | | | | Opening Balance - 1/1/2024 | | $ | 3,411,501 | | $ | — | | $ | 185,348 | Closing Balance - 12/31/2024 | | | 738,132 | | | — | | | 455,385 | | | | | | | | | | | Commercial | | | | | | | | | | Opening Balance - 1/1/2024 | | | 4,399,658 | | | — | | | — | Closing Balance - 12/31/2024 | | | 3,646,106 | | | — | | | — |
| | | | | | | | | | | | | Accounts | | | Contract | | | Contract | | | | Receivable | | | Assets | | | Liabilities | Consumer | | | | | | | | | | Opening Balance - 1/1/2025 | | $ | 738,132 | | $ | — | | $ | 455,385 | Closing Balance - 12/31/2025 | | | 8,404,300 | | | — | | | 1,840,636 | | | | | | | | | | | Commercial | | | | | | | | | | Opening Balance - 1/1/2025 | | | 3,646,106 | | | — | | | — | Closing Balance - 12/31/2025 | | | 2,579,891 | | | — | | | 30,579 |
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 consolidated balance sheets.
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