Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 187

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 187
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 the T R Miller Purchase Agreement.

The Company determined the estimated fair value of the installment payments based on the present value of the future cash flows in accordance with the T R Miller Purchase Agreement.

The following table summarizes the purchase price allocations relating to the T R Miller Acquisition:

|                                       |     | (Restated) |       |   |
|:--------------------------------------|:----|:-----------|------:|:--|
| Accounts receivable                   |     | $          | 1,622 |   |
| Prepaid expense                       |     |            |     5 |   |
| Inventory                             |     |            |   882 |   |
| Customer relationships                |     |            | 1,170 |   |
| Goodwill                              |     |            |   720 |   |
| Right of use asset - office leases    |     |            |   837 |   |
| Accounts payable and accrued expenses |     |            |  (591 | ) |
| Unearned revenue                      |     |            |  (285 | ) |
| Lease liability                       |     |            |  (819 | ) |
| Total consideration                   |     | $          | 3,541 |   |

The T R Miller Acquired Assets were valued using a combination of a multi-period excess earnings methodology, a discounted cash flow approach and present value of cash flows approach. The goodwill represents the excess fair value after the allocation of intangibles, of which approximately $ 420is expected to be deductible for tax purposes.

The Company incurred approximately $ 39of acquisition-related transaction costs in conjunction with the T R Miller Acquisition.

F-31 STRAN & COMPANY, INC.
NOTES TO THE RESTATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

Pro forma disclosure for the T R Miller Acquisition

The following unaudited pro forma financial information reflects the consolidated results of operations of the Company as if the T R Miller Acquisition had taken place on January 1, 2022. 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:

|                                                       |     |           |   December 
        31, 
       2023 |   |     |           |   December 
        31, 
       2022 |   |
|:------------------------------------------------------|:----|:----------|-----------:|:--|:----|:----------|-----------:|:--|
|