Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 21

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 1

    NET DECREASE IN CASH 
     (4,658) 
     70  
     (4,588) 
    1,3,4,5,6,7,*

    CASH - ENDING 
    $10,596  
    $70  
    $10,666  
    1,3,4,5,6,7,*

C.FAIR VALUE MEASUREMENTS:

Fair value measurements discussed
herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2024 and December
31, 2023. The carrying amount of accounts payable approximated fair value as they are short term in nature. The fair value of stock options
are estimated based on the Black-Scholes model during the three months ended March 31, 2024 and the year ended December 31, 2023. 

16

Fair Value on a Recurring Basis

The Company follows the guidance in
ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period. The estimated
fair value of the Company’s investments and money market accounts represent Level 1 measurements. The estimated fair value of the
earn-out liabilities represent Level 3 measurements. The following table presents information about the Company’s assets and liabilities
that are measured at fair value on a recurring basis at periods ended March 31, 2024 and December 31, 2023, and indicates the fair
value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level 
    March 31,
 2024  
    December 31, 
2023 
  
    Assets: 

    Investments 
    1 
    $10,710  
    $10,393 

    Liabilities: 

    Earn-out liabilities 
    3 
    $987  
    $987 

Investments

The Company’s investments consisted
of the following as of March 31, 2024:

    Cost  
    Unrealized Gain 
(Loss)  
    Fair Value 
  
    Money market fund 
    $1,200  
    $ —  
    $1,200 
  
    Corporate bonds 
     3,567  
     (66) 
     3,501 
  
    Mutual funds 
     746