Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 19

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 19
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 that create uncertainty with corporate profits, the promotional
products industry tends to experience low or negative growth.

Security

We regularly receive and store information about
our customers, vendors and other third parties. We have programs in place to detect, contain, and respond to data security incidents.
See Item 1C. “Cybersecurity”. However, because the techniques used to obtain unauthorized access, disable or degrade
service, or sabotage systems change frequently and may be difficult to detect for long periods of time, we may be unable to anticipate
these techniques or implement adequate preventive measures. In addition, hardware, software, or applications we develop or procure from
third parties or through open-source solutions may contain defects in design or manufacture or other problems that could unexpectedly
compromise information security. Unauthorized parties may also attempt to gain access to our systems or facilities, or those of third
parties with whom we do business, through fraud, trickery, or other forms of deceiving our team members, contractors, and vendors.

Employees

As of March 25, 2025, we employed 153 full-time
employees, 3 part-time employees and 15 independent contractors.

We do not believe any of our employees are represented
by labor unions, and we believe that we have an excellent relationship with our employees.

13

Regulation

Trade Regulations

As disclosed above, our suppliers generally source
or manufacture finished goods in parts of the world that may be affected by the imposition of duties, tariffs or other import regulations
by the United States. The Company believes that its redundant network of suppliers provide sufficient capacity to mitigate any dependency
risks on a single supplier.

We buy promotional products from suppliers or
factories both domestically and internationally as needed. We do not depend on any single supplier. However, if we are unable to continue
to obtain our finished products from international locations or if our suppliers are unable to source raw materials, it could significantly
disrupt our business. Further, we are affected by economic, political and other conditions in the United States and internationally, including
those resulting in the imposition or increase of import duties, tariffs and other import regulations and widespread health emergencies,
which could have a material adverse effect on our business.

Laws and Regulations Relating to E-Commerce

Our business is subject to a variety of laws and
regulations applicable to companies conducting business on the internet. Jurisdictions vary as to how, or whether, existing laws governing
areas such as personal privacy and data security, consumer protection or