Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 325

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 325
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     32.8% 
     5,248  
     30.1%

    OPERATING EXPENSES: 

    General and administrative expenses 
     6,575  
     39.4% 
     6,245  
     35.9%
  
    Total operating expenses 
     6,575  
     39.4% 
     6,245  
     35.9%

    LOSS FROM OPERATIONS 
     (1,108) 
     (6.6)% 
     (997) 
     (5.7)%

    OTHER INCOME: 

    Other income 
     1  
     —% 
     17  
     0.1%
  
    Interest income 
     82  
     0.5% 
     146  
     0.8%
  
    Realized gain on investments 
     3  
     —% 
     9  
     0.1%
  
    Total other income 
     86  
     0.5% 
     172  
     1.0%

    LOSS BEFORE INCOME TAXES 
     (1,022) 
     (6.1)% 
     (825) 
     (4.7)%

    Provision for income taxes 
     3  
     —% 
     99  
     0.6%

    NET LOSS 
    $(1,025) 
     (6.1)% 
    $(924) 
     (5.3)%

Sales

Sales consist
primarily of the selling price of the merchandise, service or outbound shipping and handling charges, less discounts, coupons redeemed,
returns and credits.

Our sales decreased 4.1%
to approximately $16.7 million for the three
months ended June 30, 2024, from approximately $17.3 million
for the three months ended June 30, 2023. The decrease was primarily due to lower
spending from new and existing clients, partially offset from the acquisition of the assets of T R Miller in June 2023.

32

Cost
of Sales

Our total
cost of sales decreased 7.7% to approximately $11.2 million
for the three months ended June 30, 2024, from approximately $12.2 million