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REVENUE | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, 2024 and 2023:
|  | For the Three Months Ended June 30, |
|  | 2024 |  |  | 2023 |
|  | Sales |  |  | Gross Margin |  |  | Margin |  |  | Sales |  |  | Gross Margin |  |  | Margin |
Consumer |  | $ | 31,990,028 |  |  | $ | 4,021,329 |  |  |  | 12.6 | % |  | $ | 39,641,434 |  |  | $ | 4,094,642 |  |  |  | 10.3 | %
Commercial |  |  | 13,306,974 |  |  |  | 7,368,128 |  |  |  | 55.4 | % |  |  | 10,662,093 |  |  |  | 6,667,405 |  |  |  | 62.5 | %
Correction of immaterial error (1) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 792,350 |  |  |  | - |  |  |  | - |
Commercial adjusted |  |  | 13,306,974 |  |  |  | 7,368,128 |  |  |  | 55.4 | % |  |  | 11,454,443 |  |  |  | 6,667,405 |  |  |  | 58.2 | %
|  | $ | 45,297,002 |  |  | $ | 11,389,457 |  |  |  | 25.1 | % |  | $ | 51,095,877 |  |  | $ | 10,762,047 |  |  |  | 21.1 | %
(1) Correction of immaterial error relating to freight arrangement services, see Note 3 – Accounting Policies and Estimates for further detail. The following table depicts the Company’s disaggregation of total sales and gross margin for the six months ended June 30, 2024 and 2023:
|  | For the Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |
|  | Sales |  |  | Gross Margin |  |  | Margin |  |  | Sales |  |  | Gross Margin |  |  | Margin |
Consumer |  | $ | 60,216,045 |  |  | $ | 7,570,518 |  |  |  | 12.6 | % |  | $ | 76,345,831 |  |  | $ | 8,079,610 |  |  |  | 10.6 | %
Commercial |  |  | 24,938,737 |  |  |  | 14,139,623 |  |  |  | 56.7 | % |  |  | 22,346,736 |  |  |  | 14,092,339 |  |  |  | 63.1 | %
Correction of immaterial error (1) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,212,842 |  |  |  | - |  |  |  | - |
Commercial adjusted |  |  | 24,938,737 |  |  |  | 14,139,623 |  |  |  | 56.7 | % |  |  | 24,559,578 |  |  |  | 14,092,339 |  |  |  | 57.4 | %
|  | $ | 85,154,782 |  |  | $ | 21,710,141 |  |  |  | 25.5 | % |  | $ | 100,905,409 |  |  | $ | 22,171,949 |  |  |  | 22.0 | %
(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 - 6/30/2023 |  |  | 309,234 |  |  |  | - |  |  |  | 249,179 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2023 |  |  | 7,110,536 |  |  |  | - |  |  |  | - |
Closing Balance - 6/30/2023 |  |  | 7,545,398 |  |  |  | - |  |  |  | - |
|  | Accounts |  |  | Contract |  |  | Contract |
|  | Receivable |  |  | Assets |  |  | Liabilities |
Consumer |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2024 |  |  | 3,411,501 |  |  |  | - |  |  |  | 58,728 |
Closing Balance - 6/30/2024 |  |  | 396,415 |  |  |  | - |  |  |  | 127,226 |
Commercial |  |  |  |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2024 |  |  | 4,399,658 |  |  |  | - |  |  |  | - |
Closing Balance - 6/30/2024 |  |  | 4,441,809 |  |  |  | - |  |  |  | - |
The Company has no contract assets, and the only contract liability is customer deposits, which are reported within other liabilities in the Condensed Consolidated Balance Sheets.

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