Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 0

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1.FINANCIAL STATEMENTS.

STRAN & COMPANY, INC.

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

    Page

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

1

STRAN & COMPANY, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

    March 31, 
2025  
    December 31, 
2024 

    (Unaudited)  

    ASSETS 

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $4,236  
    $9,358 
  
    Investments 
     7,939  
     8,856 
  
    Accounts receivable, net 
     18,296  
     18,092 
  
    Accounts receivable - related parties, net 
     402  
     573 
  
    Inventory 
     7,656  
     5,389 
  
    Prepaid corporate taxes 
     67  
     28 
  
    Prepaid expenses 
     2,570  
     2,308 
  
    Deposits 
     945  
     423 
  
    Other current assets 
     117  
     455 
  
    Total current assets 
     42,228  
     45,482 

    Property and equipment, net 
     1,684  
     1,701 

    OTHER ASSETS: 

    Intangible assets - customer lists, net 
     4