Annual report pursuant to Section 13 and 15(d)

Revenue

v3.24.4
Revenue
 12 Months Ended
Dec. 31, 2023
Revenue [Abstract]  
REVENUE
M. 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   December 31,
2023		     December 31,
2022		  
      (Restated)       (Restated)  
Promotional products - dropshipping   $ 32,794     $ 33,179  
Promotional products – Company owned inventory     17,911       11,086  
Promotional products – bulk dropshipping     17,686       6,797  
Promotional products – third party distributor     6,076       5,392  
Rewards program     1,233       1,213  
Additional services     300       211  
    $ 76,000     $ 57,878  

 

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

 

    December 31,
2023		     December 31,
2022		  
    (Restated)     (Restated)  
Balance at January 1,   $ 633     $ 722  
Revenue recognized     (633 )     (722 )
Amounts collected or invoiced     1,116       633  
Unearned revenue   $           1,116     $ 633