Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 92

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 92
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     1,727  
     1,521 

    OTHER ASSETS: 

    Intangible assets - customer lists, net 
     4,301  
     3,114 
  
    Intangible assets - trade name 
     654  
     — 
  
    Goodwill 
     2,542  
     — 
  
    Other assets 
     23  
     23 
  
    Right of use asset - office leases 
     930  
     1,336 
  
    Total other assets 
     8,450  
     4,473 
  
    Total assets 
    $48,812  
    $49,036 

    LIABILITIES AND STOCKHOLDER’S EQUITY 

    CURRENT LIABILITIES: 

    Accounts payable and accrued expenses 
    $6,194  
    $4,745 
  
    Accrued payroll and related 
     1,537  
     2,568 
  
    Unearned revenue 
     3,002  
     1,116 
  
    Rewards program liability 
     3,000  
     875 
  
    Sales tax payable 
     212  
     344 
  
    Current portion of contingent earn-out liabilities 
     156  
     224 
  
    Current portion of installment payment liabilities 
     372  
     786 
  
    Current portion of lease liability 
     443  
     528 
  
    Total current liabilities 
     14,916  
     11,186 

    LONG-TERM LIABILITIES: 

    Long-term contingent earn-out liabilities 
     763  
     763 
  
    Long-term installment payment liabilities 
     339  
     639 
  
    Long-term lease liability 
     491  
     798 
  
    Total long-term liabilities 
     1,593  
     2,200 
  
    Total liabilities 
     16,509  
     13,386 

    Commitments and contingencies (Note K) 

    STOCKHOLDER’S EQUITY: 

    Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 
     —