Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 365

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 365
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 ended June 30, 2025 and 2024, respectively, may be expected to continue to occur
in future periods.

27

Our sales for the three months ended June 30,
2025 increased 95.2% compared to sales for the three months ended June 30, 2024, and increased 72.5% for the six months ended June 30,
2025 compared to the six months ended June 30, 2024 which we believe was due to higher spending from existing clients as well as business
from new customers. We also benefited from the acquisition of substantially all of the assets (the “Gander Group Assets”) of
Bangarang Enterprises, LLC, a California limited liability company (d/b/a Gander Group) (“Gander Group”), in August 2024.

As of June 30, 2025,
we had approximately $61.2 million of total assets with approximately $31.8 million of total stockholders’ equity.

Emerging Growth Company and Smaller Reporting
Company

We qualify as an “emerging growth company”
under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As a result, we are permitted to, and intend to,
rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:

●have an auditor report on our internal control over financial
                                            reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley
                                            Act”);

●present three years, and may instead
                                            present only two years, of audited financial statements, with correspondingly reduced “Management’s
                                            Discussion and Analysis of Financial Condition and Results of Operations” disclosure
                                            in this report;

●comply with any requirement that
                                            may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit
                                            firm rotation or a supplement to the auditor’s report providing additional information
                                            about the audit and the financial statements (i.e., an auditor discussion and analysis);

●comply with certain greenhouse gas
                                            emissions disclosure and related third-party assurance requirements;

●submit certain executive compensation
                                            matters to stockholder advisory votes, such as “say-on-pay” and “say-on-frequency;”
                                            and

●disclose certain executive compensation
                                            related items such as the correlation between executive compensation and performance and
                                            comparisons of the chief