Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 3

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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     (431) 
     (487)

    Provision (benefit) for income taxes 
     (38) 
     — 

    NET LOSS 
    $(393) 
    $(487)

    NET LOSS PER COMMON SHARE 

    Basic and diluted 
    $(0.02) 
    $(0.03)

    WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 

    Basic and diluted 
     18,608,407  
     18,574,748 

The accompanying notes are an integral part
of these unaudited consolidated financial statements.

3

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(in thousands)

(unaudited)

    2025  
    2024 
  
    Net loss 
    $(393) 
    $(487)

    Other comprehensive income: 

     Unrealized gain (loss) on investment, net of tax 
     15  
     (67)
  
    Total other comprehensive income 
     15  
     (67)

    Comprehensive loss 
    $(378) 
    $(554)

The accompanying notes are an integral part
of these unaudited consolidated financial statements.

4

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY

THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(in thousands, except share amounts)

(unaudited)

    Accumulated  

    Additional  
    Other  

    Preferred Stock  
    Common Stock  
    Paid-in  
    Comprehensive  
    Accumulated  
    Stockholders’ 

    Shares  
    Value  
    Shares  
    Value  
    Capital  
    Income (Loss)  
    Deficit  
    Equity 
  
    Balance, January 1, 2025 
     —  
    $—  
     18,598,574  
    $2  
    $38,391  
    $(10) 
    $(6,742) 
    $31,641 
  
    Stock-based compensation 
     —  
     —  
     9,833  
     —  
     9  
     —  
     —