Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 205

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 205
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414                  327,263                  345,949  
  Office Solutions                                                   71,083                   80,767                   96,679  
  Software & Services                                                59,097                   55,091                   58,424  
  Networking & Smart Home                                            19,999                   19,191                   27,198  
  Others                                                             72,469                  103,879                  145,928  
  Total Net Sales                    $                            1,235,576      $         1,496,963      $         1,720,273  

Geographic Information

Revenue by geography is based on where
the customer is located. Long-lived assets, net includes property and equipment, net. The following
tables set forth revenue and long-lived assets, net by geographic area (in thousands):

                     Year Ended December 31,                                                                   
                     2024                                        2023                     2022                 
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  United States      $                            1,131,697      $         1,362,423      $         1,553,389  
  Canada                                             90,037                  114,948                  138,123  
  Rest of world                                      13,842                   19,592                   28,761  
  Total              $                            1,235,576      $         1,496,963      $         1,720,273  

                     As of                                           
                     December 31,                                    
                     2024                          2023              
 ─────────────────────────────────────────────────────────────────────
  United States      $                 33,391      $         40,063  
  Canada                                   51                    76  
  Rest of world                        17,733                21,340  
  Total              $                 51,175      $         61,479  

F-29

  19.      Subsequent Events  
 ──────────────────────────────

On April 7, 2025, the Company effected a share
combination of the Company’s outstanding common shares, par value $0.021848per share, at a ratio of twenty-to-one (the “ Share
Combination”). The common shares listed on The Nasdaq Capital Market commenced trading on The Nasdaq Capital Market on a post-Share
Combination adjusted basis at the open of business on April 7, 2025