Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 122

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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2021 Plan as of and for the nine months ended September 30, 2025 is presented below:

    Restricted Stock 
    Time-Based 
RSUs 
  
    Outstanding at January 1, 2025 
     4,000 
  
    Granted 
     57,251 
  
    Vested 
     (33,312)
  
    Forfeited 
     — 
  
    Outstanding at September 30, 2025 
     27,939 

N.INCOME (LOSS) PER SHARE:

The following outstanding shares of
common stock equivalents were excluded from the computation of diluted net loss per share for the periods in which a net loss is presented
because their effect would have been anti-dilutive.

The following tables set forth the
computation of basic and diluted net income per share of common stock for the three and nine months ended September 30, 2025:

    For the
 Three and Nine 
Months Ended 
September 30, 2025  
    For the 
Three and Nine 
Months Ended 
September 30, 2024 
  
    Warrants 
     10,074,195  
     10,074,195 
  
    Stock options 
     1,410,499  
     955,334 

     11,484,694  
     11,029,529 

For the three and nine months ended
September 30, 2025 and 2024, as a result of the net losses in each of these periods, all warrants and stock options have been excluded
from the calculation of diluted net loss per share and, therefore, there was no difference in the weighted average number of common shares
for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive.

O. SEGMENTS:

There is no expense or asset information
that is supplemental to information disclosed within the unaudited condensed consolidated financial statements that is regularly provided
to the CODM to monitor and evaluate segment performance.

The Company’s segments are Stran
& Company, Inc. (“Stran”) and Stran Loyalty Solutions, LLC (“SLS”). Our reportable segments are described
below.

The Stran segment’s business
is focused on being an outsourced marketing solutions and promotional products provider for a variety of customers and industries, working
closely with customers to develop sophisticated marketing programs that leverage Stran’s promotional products