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REVENUE | 3 Months Ended
--- | ---
Mar. 31, 2024
REVENUE |
REVENUE | NOTE 10 — REVENUE The following table depicts the Company’s disaggregation of total sales and gross margin:
|  | For the Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
|  | Sales |  |  | Gross Margin |  |  | Margin |  |  | Sales |  |  | Gross Margin |  |  | Margin |
Consumer |  | $ | 28,226,017 |  |  | $ | 3,549,189 |  |  |  | 12.6 | % |  | $ | 36,704,397 |  |  | $ | 3,984,968 |  |  |  | 10.9 | %
Commercial |  |  | 11,631,763 |  |  |  | 6,771,495 |  |  |  | 58.2 | % |  |  | 11,684,643 |  |  |  | 7,424,934 |  |  |  | 63.5 | %
Correction of immaterial error (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,420,492 |  |  |  | - |  |  |  | - |
Commercial adjusted |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13,105,135 |  |  |  | 7,424,934 |  |  |  | 56.7 | %
|  | $ | 39,857,780 |  |  | $ | 10,320,684 |  |  |  | 25.9 | % |  | $ | 49,809,532 |  |  | $ | 11,409,902 |  |  |  | 22.9 | %
(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 - 3/31/2023 |  |  | 443,223 |  |  |  | - |  |  |  | 153,379 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2023 |  |  | 7,110,536 |  |  |  | - |  |  |  | - |
Closing Balance - 3/31/2023 |  |  | 7,848,131 |  |  |  | - |  |  |  | - |
|  | Accounts |  |  | Contract |  |  | Contract |
|  | Receivable |  |  | Assets |  |  | Liabilities |
Consumer |  |  |  |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2024 |  |  | 3,411,501 |  |  |  | - |  |  |  | 58,728 |
Closing Balance - 3/31/2024 |  |  | 244,914 |  |  |  | - |  |  |  | 96,485 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2024 |  |  | 4,399,658 |  |  |  | - |  |  |  | - |
Closing Balance - 3/31/2024 |  |  | 4,352,140 |  |  |  | - |  |  |  | - |
The Company has no contract assets, and the only contract liability is customer deposits, which is reported within other liabilities in the Unaudited Condensed Consolidated Balance Sheets.

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