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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING The Company operates in multiple geographical regions and functions as a single operating segment because its operations and strategies are centrally designed and executed, and remain significantly similar across these regions. The CODM, who is the Company’s Chief Executive Officer, evaluates operating results and allocates resources on a consolidated basis due to the significant economic interdependencies between the Company's geographical operations. As a result, the Company is managed as a single operating segment and has a single reportable segment. The primary financial measure reviewed by the CODM is net income (loss). The following table reflects certain financial data for the Company's single reportable segment:
| For the years ended December 31,
| 2024 |  | 2023 |  | 2022
Revenue | $ | 1,355,630 |  |  | $ | 1,318,014 |  |  | $ | 653,604 |
Cost of sales (excluding freight) | 624,677 |  |  | 626,205 |  |  | 355,954 |
Freight | 50,746 |  |  | 58,670 |  |  | 26,781 |
Gross Profit | 680,207 |  |  | 633,139 |  |  | 270,869 |
Selling and Marketing Expenses | (350,794) |  |  | (264,108) |  |  | (352,883) |
General and Administrative Expenses | (173,685) |  |  | (102,665) |  |  | (75,787) |
Other Income | 39,322 |  |  | 25,383 |  |  | 5,137 |
Net Income (loss) before provision for income taxes | $ | 195,050 |  |  | $ | 291,749 |  |  | $ | (152,664) |
Provision for income taxes | (49,976) |  |  | (64,948) |  |  | (34,618) |
Net income (loss) | $ | 145,074 |  |  | $ | 226,801 |  |  | $ | (187,282) |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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