Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 35

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 goods or components used in our promotional products business from China in
particular and to some extent from other countries. As a result, we have had to increase prices for certain products, and may be
required to raise those prices further, which may result in the loss of customers. We have also attempted to shift away from
Chinese suppliers in particular, and other foreign suppliers in general, and may seek to increase this shift due to U.S. tariffs or
other aspects of U.S. trade policy, in an effort to reduce the effect of tariff increases on our product prices. However, due to the
limited availability of competitive pricing from suppliers whose goods are not currently subject to tariffs or that are subject to
relatively lower tariffs, and the possibility that some of the current or planned additional U.S. tariffs may increase, decrease, or
become subject to exceptions or suspensions, with little or no prior notice, our ability to cost-effectively mitigate some of the
effects of current and future scheduled U.S. tariffs may be significantly limited. These trends and uncertainties may result in
additional costs and disruption to our operations, which may have a significant negative effect on the Company’s sales and
gross margins in future periods. As a result, investors should not assume that any trends reflected in our past results, including
those that may be indicated below for the three months ended March 31, 2025 and 2024, respectively, may be expected to continue to
occur in future periods.

Our sales
for the three months ended March 31, 2025 increased 52.4% compared to sales for the three
months ended March 31, 2024, which we believe was primarily due to higher spending from existing clients as well as business from
new customers. We also benefited from the acquisition of substantially all of the assets (the “Gander Group Assets”) of Bangarang
Enterprises, LLC, a California limited liability company (d/b/a Gander Group) (“Gander Group”), in August 2024.

As of March 31, 2025,
we had approximately $52.2 million of total assets with approximately $31.3 million of total stockholders’ equity.

25

Emerging Growth Company
and Smaller Reporting Company

We qualify as an “emerging growth company”
under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As a result, we are permitted to, and intend to, rely