Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 2

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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     — 
  
    Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,546,461 and 18,598,574 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 
     2  
     2 
  
    Additional paid-in capital 
     38,285  
     38,391 
  
    Accumulated deficit 
     (6,492) 
     (6,742)
  
    Accumulated other comprehensive income (loss) 
     38  
     (10)
  
    Total stockholders’ equity 
     31,833  
     31,641 
  
    Total liabilities and stockholders’ equity 
    $61,215  
    $55,148 

The accompanying notes are an integral part
of these unaudited condensed consolidated financial statements.

2

STRAN & COMPANY, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

THREE AND SIX MONTHS ENDED JUNE 30, 2025 AND
2024

(in thousands, except share and per share amounts)

(unaudited)

    For the Three Months Ended
 June 30,  
    For the Six Months Ended
 June 30, 

    2025  
    2024  
    2025  
    2024 
  
    SALES 

    Sales 
    $32,577  
    $16,693  
    $61,271  
    $35,474 
  
    Sales – related parties 
     —  
     —  
     —  
     46 
  
    Total sales 
     32,577  
     16,693  
     61,271  
     35,520 

    COST OF SALES: 

    Cost of sales 
     22,708  
     11,226  
     42,920  
     24,405 
  
    Cost of sales - related parties 
     —  
     —  
     —  
     35 
  
    Total cost of sales 
     22,708  
     11,226  
     42,920  
     24,440 

    GROSS PROFIT 
     9,869