Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 16

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 16
---
 on a Recurring Basis

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. The estimated
fair value of the Company’s investments and money market accounts represent Level 1 measurements. The estimated fair value of the
earn-out liabilities represent Level 3 measurements. The following table presents information about the Company’s assets and liabilities
that are measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024, and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level 
    March 31,  2025  
    December 31,  2024 
  
    Assets: 

    Investments 
    1 
    $7,939  
    $8,856 

    Liabilities: 

    Earn-out liabilities 
    3 
    $711  
    $711 

Investments

The Company’s investments consisted
of the following as of March 31, 2025:

    Cost  
    Unrealized 
Gain (Loss)  
    Fair Value 
  
    Money market fund 
    $4,105  
    $   —  
    $4,105 
  
    Corporate bonds 
     2,763  
     7  
     2,770 
  
    Mutual funds 
     267  
     —  
     267 
  
    US Treasury bills 
     799  
     (2) 
     797 

    $7,934  
    $5  
    $7,939 

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 

13