RUM Group Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 2025
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4. Revenue from Contracts with Customers
| 4. | Revenue from Contracts with Customers |
The following table presents revenues disaggregated by type:
| For the year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Audience Monetization | $83,458,309 | $73,138,933 |
| Other Initiatives | 12,029,881 | 7,824,518 |
| Total revenues | $95,488,190 | $80,963,451 |
The Company recognizes revenue either at a point in time or over time, depending upon the characteristics of the contract.
| For the year ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Point in time | $36,318,995 | $21,741,274 |
| Over time | 59,169,195 | 59,222,177 |
| Total revenues | $95,488,190 | $80,963,451 |
Deferred Revenue
Deferred revenue recorded at December 31, 2024 is expected to be fully recognized by December 31, 2025. The deferred revenue balance as of December 31, 2024 was $12,812,984. The deferred revenue balance as of December 31, 2023 was $7,003,891, of which $6,716,383 was recognized as revenues for the year ended December 31, 2024. The deferred revenue balance as of January 1, 2023 was $1,040,619, of which $881,596 was recognized as revenues for the year ended December 31, 2023.
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