| REVENUE |
Revenue
disaggregated according to the timing of transfer of goods or services (e.g., at a point in time) was as follows:
| | |
Years
Ended December 31, | |
| Revenue generated per major product category | |
2025 | | |
2024 | |
| Promotional products - dropshipping | |
$ | 41,956 | | |
$ | 34,531 | |
| Promotional products – bulk dropshipping | |
| 15,894 | | |
| 15,939 | |
| Promotional products – Company owned
inventory | |
| 15,150 | | |
| 14,420 | |
| Casino continuity program | |
| 32,849 | | |
| 8,619 | |
| Redemption code program | |
| — | | |
| 1,856 | |
| Promotional products – third-party distributor | |
| 8,344 | | |
| 5,540 | |
| Rewards program | |
| 1,106 | | |
| 1,199 | |
| Additional services | |
| 892 | | |
| 550 | |
| | |
$ | 116,191 | | |
$ | 82,654 | |
Unearned
revenue includes customer deposits and deferred revenue which represent prepayments from customers. The Company had unearned revenue
as follows:
| | |
December
31,
2025 | | |
December
31,
2024 | |
| Balance at January 1, | |
$ | 4,423 | | |
$ | 1,116 | |
| Revenue recognized | |
| (11,783 | ) | |
| (3,121 | ) |
| Amounts
collected or invoiced | |
| 10,561 | | |
| 6,428 | |
| Balance at December
31, | |
$ | 3,201 | | |
$ | 4,423 | |
For the years ended December 31, 2025
and 2024, the Company recognized $3,818 and $1,108 associated with unearned revenue balances outstanding at December 31, 2024 and 2023,
respectively.
|