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REVENUE | 3 Months Ended
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Mar. 31, 2025
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, 2025 and 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended March 31, |
​ | ​ | 2025 | ​ | 2024 |
​ |  | Sales |  | Gross Margin |  | Margin | ​ | Sales |  | Gross Margin |  | Margin | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consumer | ​ | $ | 36,770,604 | ​ | $ | 4,210,903 |  | 11.5 | % | $ | 28,226,017 | ​ | $ | 3,549,189 |  | 12.6 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ |  | 11,485,225 | ​ |  | 7,757,121 |  | 67.5 | % |  | 11,631,763 | ​ |  | 6,771,495 |  | 58.2 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | $ | 48,255,829 | ​ | $ | 11,968,024 |  | 24.8 | % | $ | 39,857,780 | ​ | $ | 10,320,684 |  | 25.9 | %
​ 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 - 3/31/2024 |  | ​ | 244,914 |  | ​ | — |  | ​ | 715,455
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Commercial |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2024 |  |  | 4,399,658 |  |  | — |  |  | —
Closing Balance - 3/31/2024 |  |  | 4,352,140 |  |  | — |  |  | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Accounts |  | ​ | Contract |  | ​ | Contract
​ | ​ | ​ | Receivable | ​ | ​ | Assets | ​ | ​ | Liabilities
Consumer |  | ​ |  |  | ​ |  |  | ​ |
Opening Balance - 1/1/2025 |  | $ | 738,132 |  | $ | — |  | $ | 435,508
Closing Balance - 3/31/2025 |  | ​ | 734,362 |  | ​ | — |  | ​ | 974,185
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Commercial |  |  |  |  |  |  |  |  |
Opening Balance - 1/1/2025 |  |  | 3,646,106 |  |  | — |  |  | —
Closing Balance - 3/31/2025 |  |  | 4,639,583 |  |  | — |  |  | —
​ The Company has no contract assets, and the contract liabilities are customer deposits and gift cards, which are reported within other liabilities in the condensed consolidated balance sheets.

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