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ACCRUED RETURN LIABILITIES

12 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

ACCRUED RETURN LIABILITIES

NOTE 9 — ACCRUED RETURN LIABILITIES

The following table shows changes in the Company’s accrued return liabilities:

SCHEDULE OF ACCRUED RETURN LIABILITIES

		December 31, 2024				December 31, 2023
Beginning balance		$	283,276			$	556,538
Actual recognized products return			(1,061,694	)			(3,355,112	)
Accruals for product return liabilities			1,040,006				3,081,850
Ending balance		$	261,588			$	283,276

MASSIMO GROUP AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

X

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The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

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