Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Significant Accounting Policies [Abstract]

The following table provides information about contract liabilities for the year ended December 31, 2023:

	Contract Liabilities
Balance at December 31, 2022	$	-
Cash received from prepayment of royalty revenue		3,000,000
Recognition of royalty revenue		(3,000,000	)
Balance at December 31, 2023	$	-

Schedule of Accounts Receivable and Royalty Receivable from Contracts with Customers

The following table provides information about accounts receivable and royalty receivable from contracts with customers:

	Accounts Receivable		Royalty Receivable
December 31, 2023	$	337,774	$	88,286
December 31, 2024	$	346,618	$	38,163

Schedule of Customer Accounted Net Revenues

During the year ended December 31, 2023, four customers accounted for approximately 48% of the Company’s net revenues. Receivables from these customers as of December 31, 2023 totaled $110,051. A summary of customer concentrations is presented in the table below.

Customer	2023 Revenue ($)		2023 Revenue %			2023 Receivables ($)		2023 Receivables %
A	$	1,776,089		18	%		-		-
B		1,093,682		11	%		-		-
C		1,060,113		11	%	$	21,766		5	%
D		771,787		8	%		88,286		21	%
Total	$	4,701,671		48	%	$	110,051		26	%

During the year ended December 31, 2024, four customers accounted for approximately 48% of the Company’s net revenues. Accounts receivable and royalty receivables from the customers as of December 31, 2024 totaled $326,689. A summary of customer concentrations is presented in the table below.

Customer	2024 Revenue ($)		2024 Revenue %			2024 Receivables ($)		2024 Receivables %
A	$	1,117,735		20	%	$	272,162		53	%
B		616,697		11	%		-		0.00	%
C		532,412		9	%		13,230		3	%
D		443,987		8	%		41,298		8	%
Total	$	2,710,831		48	%	$	326,689		64	%

Schedule of Basic and Diluted Income Per Units

The following summarizes the calculation of basic and diluted income per units for the year ended December 31, 2023:

	Weighted Average Units		Net Income
Basic		88,804,035	$	2,932,802
Convertible Debt		4,811,900		127,643
Diluted		93,615,935	$	3,060,445
Net Income Per Common Unit – Diluted			$	0.03
Net Income Per Common Unit – Basic			$	0.03

The following summarizes the calculation of basic and diluted income per unit for the year ended December 31, 2024:

	Weighted Average Units		Net Loss
Basic & Diluted		89,825,160	$	(143,224	)
Net Income Per Common Unit - Basic & Diluted			$	(0.00	)

VPR Brands, LP. 10-K