Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 88

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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ITEM 1. FINANCIAL STATEMENTS.

STRAN & COMPANY, INC.

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

    Page

    Condensed Consolidated Balance Sheets as of September 30, 2025 (unaudited) and December 31, 2024
     
    2
  
    Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited)
     
    3
  
    Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited)
     
    4
  
    Condensed Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended September 30, 2025 and 2024 (unaudited)
     
    5
  
    Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2025 and 2024 (unaudited)
     
    6
  
    Notes to the Unaudited Condensed Consolidated Financial Statements
     
    8

1

STRAN & COMPANY, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

    September 30, 
2025  
    December 31, 
2024 

    (Unaudited)  

    ASSETS 

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $6,697  
    $9,358 
  
    Investments 
     5,058  
     8,856 
  
    Accounts receivable, net 
     16,626  
     18,092 
  
    Accounts receivable - related parties, net 
     402  
     573 
  
    Inventory 
     7,740  
     5,389 
  
    Prepaid corporate taxes 
     63  
     28 
  
    Prepaid expenses 
     2,163  
     2,308 
  
    Deposits 
     580  
     423 
  
    Other current assets 
     2  
     455 
  
    Total current assets 
     39,331  
     45,482 

    Property and equipment, net 
     1,952  
     1