Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 161

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 161
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 being required to comply        
 with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive 
 compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote          
 on executive compensation and approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS        
 Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies 
 (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered   
 under the Securities Exchange Act of 1934 (the “Exchange Act”)) are required to comply with the new or revised financial accounting            
 standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements        
 that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of         
 such extended transition period which means that when a standard is issued or revised and it has different application dates for public        
 or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies          
 adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public             
 company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition        
 period difficult or impossible because of the potential differences in accounting standards used.                                              |

| 5. | Cash and Cash Equivalents - For purposes of the statement of cash flows, the Company considers all highly 
 liquid investments with an initial maturity of three months or less to be cash equivalents.               |

| 6. | 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, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. |

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the