Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 127

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 127
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1,473  
     1,527 

    $6,194  
    $4,745 

I.INSTALLMENT PAYMENT LIABILITY:

A reconciliation of the installment
payment liability is included below:

    Balance as of December 31, 2023 
    $1,425 
  
    Interest accretion 
     84 
  
    Payments made 
     (798)
  
    Balance as of September 30, 2024 
    $711 

    Current portion of installment payment liabilities 
    $372 
  
    Long-term installment payment liabilities 
    $339 

J.REVENUE:

Revenue disaggregated according to
the timing of transfer of goods or services (e.g., at a point in time) was as follows:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 
  
    Revenue generated per major product category 
    2024  
    2023  
    2024  
    2023 

    (Restated)  
       
    (Restated) 
  
    Promotional products - dropshipping 
    $7,926  
    $8,560  
    $24,464  
    $21,642 
  
    Promotional products – Gander 
     3,488  
     —  
     3,488  
     — 
  
    Promotional products – Company owned inventory 
     3,270  
     4,502  
     9,474  
     13,447 
  
    Promotional products – bulk dropshipping 
     1,872  
     4,771  
     10,761  
     11,992 
  
    Redemption code program 
     1,856  
     —  
     1,856  
     — 
  
    Promotional products – third-party distributor 
     1,307  
     1,322  
     4,383  
     4,789 
  
    Rewards program 
     308  
     449  
     848  
     935 
  
    Additional services 
     117  
     70  
     390  
     255 

    $20,144  
    $19,674  
    $55,664  
    $53,060