Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 776

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 2
Chunk 776
---
    Level  
    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Investments 
     1  
    $8,856  
    $10,393 

    Liabilities: 

    Earn-out liabilities 
     3  
    $711  
    $987 

Investments

The Company’s investments consisted
of the following as of December 31, 2024:

    Cost  
    Unrealized Gain (Loss)  
    Fair Value 
  
    Money market fund 
    $4,843  
    $—  
    $4,843 
  
    Corporate bonds 
     2,958  
     (6) 
     2,952 
  
    Mutual funds 
     267  
     —  
     267 
  
    US Treasury bills 
     798  
     (4) 
     794 

    $8,866  
    $(10) 
    $8,856 

F-16

STRAN & COMPANY, INC.

NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

The Company’s investments consisted
of the following as of December 31, 2023:

    Cost  
    Unrealized Loss  
    Fair Value 
  
    Money market fund 
    $947  
    $—  
    $947 
  
    Corporate bonds 
     3,869  
     38  
     3,907 
  
    Mutual funds 
     490  
     10  
     500 
  
    US Treasury bills 
     4,920  
     119  
     5,039 

    $10,226  
    $167  
    $10,393 

Earn-Out Liabilities

A reconciliation of the earn-out liability
is included below:

    Balance as of December 31, 2022 
    $1,226 
  
    Additions pursuant to acquisitions 
     467 
  
    Gain upon re-measurement 
     (65)
  
    Payments earned and paid 
     (641)
  
    Balance as of December 31, 2023 
    $987 
  
    Payments earned and paid 
     (68)
  
    Loss upon re-measurement 
     (208)