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Inventory
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventory

4. Inventory

 

As of June 30, 2024 and December 31, 2023, inventory consists of the following:

 

   June 30, 2024   December 31, 2023 
Finished goods  $2,305,095   $1,717,669 
Promotional items   101,660    101,660 
Raw materials   3,979,989    1,812,163 
Inventory   $6,386,744   $3,631,492 

 

As of June 30, 2024, the value of finished goods on-hand increased due to stockpiling of hard tonneau covers, which have higher values than stockpiled soft tonneau covers, as well as their raw materials to capitalize on demand generated from the Company’s 2024 sales campaigns.