Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.25.0.1
Revenue
 3 Months Ended
Mar. 31, 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:

 

Revenue generated per major product category   March 31,
2024		     March 31,
2023		  
          (Restated)  
Promotional products - dropshipping   $ 8,412     $ 6,123  
Promotional products – Company owned inventory     2,599       4,687  
Promotional products – bulk dropshipping     5,765       2,867  
Promotional products – third-party distributor     1,674       1,930  
Rewards program     285       289  
Additional services     92       75  
    $ 18,827     $ 15,971  

 

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

 

    March 31,
2024		     March 31,
2023		  
          (Restated)  
Balance at January 1,   $ 1,116     $ 633  
Revenue recognized     (1,014 )     (303 )
Amounts collected or invoiced     490       1,542  
Unearned revenue   $ 592     $ 1,872