Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.25.0.1
Revenue
 6 Months Ended
Jun. 30, 2024
Revenue [Abstract]  
REVENUE
J. REVENUE:

 

Revenue disaggregated according to the timing of transfer of goods or services (e.g., at a point in time) was as follows:

 

    Three months ended
June 30,		     Six months ended
June 30,		  
Revenue generated per major product category   2024     2023     2024     2023  
          (Restated)           (Restated)  
Promotional products - dropshipping   $ 8,128     $ 6,959     $ 16,538     $ 13,082  
Promotional products – Company owned inventory     3,605       4,258       6,204       8,945  
Promotional products – bulk dropshipping     3,123       4,354       8,889       7,221  
Promotional products – third-party distributor     1,402       1,537       3,076       3,467  
Rewards program     254       197       540       486  
Additional services     181       110       273       185  
    $ 16,693     $ 17,415     $ 35,520     $ 33,386  

 

Unearned revenue includes customer deposits and deferred revenue which represent prepayments from customers. The Company had unearned revenue as follows:

 

    June 30,
2024		     June 30,
2023		  
          (Restated)  
Balance at January 1,   $ 1,116     $ 633  
Revenue recognized     (1,042 )     (464 )
Amounts collected or invoiced     780       1,970  
Unearned revenue   $ 854     $ 2,139