Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1361

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1361
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82,654  
    $76,000  
    $—  
    $76,000 
  
    Gross profit 
     23,742  
     2,071  
     25,813  
     24,852  
     —  
     24,852 
  
    Operating loss 
    $(3,844) 
    $(1,050) 
    $(4,894) 
    $(1,268) 
    $—  
    $(1,268)

The segment SLS was not a part of the
Company until the segment was acquired and all of its business operations were incorporated within the Company’s newly created subsidiary
in August 2024. The Stran segment’s operations have remained consistent for all periods presented, however, the Company only had
one operating and reportable segment prior to the acquisition. Significant segment expenses for the Stran segment during the year ended
December 31, 2023 are consistent with those presented on the consolidated statements of operations.

A reconciliation of total segment revenues
to total consolidated revenues and of total segment gross margin and segment operating income (loss) which aggregates to total consolidated
income (loss) from operations, for the year ended December 31, 2024, is as follows:

    For the Year ended December 31, 2024 

    Stran  
    SLS  
    Total 
  
    Sales from external customers 
    $72,712  
    $9,942  
    $82,654 

    Less: 

    Cost of sales 
     48,970  
     7,871  
     56,841 
  
    Segment gross margin 
     23,742  
     2,071  
     25,813 

    Less(1): 

    Segment selling expenses (2) 
     4,987  
     724  
     5,711 
  
    Other segment expenses (3) 
     22,599  
     2,397  
     24,996 
  
    Segment operating loss 
     (3,844) 
     (1,050) 
     (4,894)

(1)The significant expense categories and amounts align with the segment-level information that is regularly
provided to the CODM.

(2)Selling expenses primarily include commissions, bonuses, travel expenses, and other