Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 306

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 306
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     28,120 
  
    Gross profit 
     13,005 
  
    Operating expenses 
     14,259 
  
    Loss from operations 
     (1,254)
  
    Other income (expense) 

    Other income 
     36 
  
    Interest income (expense), net 
     187 
  
    Realized gain (loss) on investments 
     73 

     296 
  
    Loss before taxes 
     (958)
  
    Provision for income taxes 
     3 
  
    Net loss 
     (961)

    Net loss per share - basic & diluted 
    $(0.05)
  
    Weighted average shares outstanding - basic & diluted 
     18,540,648 

H.ACCOUNTS PAYABLE AND ACCRUED EXPENSES:

Accounts payable and accrued expenses
consists of the following:

    June 30,
 2024  
    December 31,
 2023 
  
    Cost of sales - purchases 
    $3,027  
    $3,218 
  
    Other payables and accrued expenses 
     848  
     1,527 

    $3,875  
    $4,745 

I.INSTALLMENT PAYMENT LIABILITY:

A reconciliation of the installment
payment liability is included below:

    Balance as of December 31, 2023 
    $1,425 
  
    Additions pursuant to acquisitions 
     — 
  
    Interest accretion 
     72 
  
    Payments made 
     (760)
  
    Balance as of June 30, 2024 
    $737 

    Current portion of installment payment liabilities 
    $398 
  
    Long-term installment payment liabilities 
    $339 

21

STRAN & COMPANY, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

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 
June 30,  
    Six months ended
 June 30, 
  
    Revenue generated per major product category 
    2024  
    2023  
    2024  
    2023 

    (Restated)  
       
    (Rest