Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 100

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 100
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 September 30, 2024, include the accounts of the Company and have been prepared by the Company, without
audit, pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited condensed consolidated financial
statements should be read in conjunction with the audited financial statements and the notes thereto included in our Annual Report on
Form 10-K/A filed with the Securities and Exchange Commission on January 22, 2025.

Certain information and footnote disclosures
normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or
omitted pursuant to such rules and regulations, and we believe that the disclosures are adequate to make the information presented not
misleading. In our opinion, all adjustments (consisting solely of normal recurring adjustments) necessary to state fairly the information
in the following unaudited condensed consolidated financial statements of the Company have been included. The results of operations for
interim periods are not necessarily indicative of the results for the full year.

5.Principles of Consolidation - The Company’s unaudited condensed consolidated financial statements
include the accounts of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

6.Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect certain reported amounts and disclosure of certain assets,
liabilities and expenses. The most significant estimates in the Company’s financial statements relate to the fair value of assets
and liabilities assumed in acquisitions and the fair value of the contingent earnout liability. These estimates and assumptions are based
on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily
apparent from other sources. Actual results may differ materially and adversely from these estimates. To the extent there are material
differences between the estimates and actual results, the Company’s future results of operations will be affected.

8

STRAN & COMPANY,
INC.
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

7.Fair Value Measurements and Fair Value of Financial Instruments - The Company follows the guidance in
ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period. 

The fair value of the Company’s
financial assets