Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 25

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 disclosure for the T R Miller Acquisition

The following unaudited pro forma
financial information reflects the consolidated results of operations of the Company for the three months ended March 31, 2023, as if
the T R Miller Acquisition had taken place on January 1, 2023. The financial results of the T R Miller Acquisition are included in the
Company’s statements of operation for the three months ended March 31, 2024. The pro forma financial information is not necessarily
indicative of the results of operations as they would have been had the transactions been effected on the assumed date:

    March 31,  2023 
  
    Sales 
    $18,952 
  
    Costs of sales 
     12,765 
  
    Gross profit 
     6,187 
  
    Operating expenses 
     6,881 
  
    Loss from operations 
     (694)
  
    Other income (expense) 

    Other income 
     1 
  
    Interest income (expense), net 
     142 
  
    Realized gain (loss) on investments 
     12 

     155 
  
    Loss before taxes 
     (539)
  
    Provision for income taxes 
     (364)
  
    Net loss 
     (175)

    Net loss per share - basic & diluted 
    $(0.01)
  
    Weighted average shares outstanding - basic & diluted 
     18,574,748 

19

H.ACCOUNTS PAYABLE AND ACCRUED
                                            EXPENSES:

Accounts payable and accrued expenses
consists of the following:

    March 31, 2024  
    December 31, 
2023 
  
    Cost of sales - purchases 
    $1,974  
    $3,218 
  
    Other payables and accrued expenses 
     1,373  
     1,527 

    $3,347  
    $4,745 

I.INSTALLMENT PAYMENT LIABILITY:

A reconciliation of the installment
payment liability is included below:

    Balance as of December 31, 2023 
    $1,425 
  
    Additions pursuant to acquisitions 
     — 
  
    Interest accretion 
     55 
  
    Payments made 
     (60)
  
    Balance as of March 31, 2024 
    $1,420 

    Current portion of installment