Quarterly report [Sections 13 or 15(d)]

Revenue

v3.25.0.1
Revenue
 9 Months Ended
Sep. 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
September 30,		     Nine Months Ended
September 30,		  
Revenue generated per major product category   2024     2023     2024     2023  
          (Restated)           (Restated)  
Promotional products - dropshipping   $ 7,926     $ 8,560     $ 24,464     $ 21,642  
Promotional products – Gander     3,488      
—
       3,488      
—
  
Promotional products – Company owned inventory     3,270       4,502       9,474       13,447  
Promotional products – bulk dropshipping     1,872       4,771       10,761       11,992  
Redemption code program     1,856      
—
       1,856      
—
  
Promotional products – third-party distributor     1,307       1,322       4,383       4,789  
Rewards program     308       449       848       935  
Additional services     117       70       390       255  
    $ 20,144     $ 19,674     $ 55,664     $ 53,060  

 

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

    September 30,
2024		     September 30,
2023		  
          (Restated)  
Balance at January 1,   $ 1,116     $ 633  
Revenue recognized     (1,361 )     (1,251 )
Amounts collected or invoiced     3,247       4,046  
Unearned revenue   $ 3,002     $ 3,428