Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 24

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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17

STRAN & COMPANY, INC.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except
share and per share amounts)

J.REVENUE:

Revenue disaggregated according to
the timing of transfer of goods or services (e.g., at a point in time) was as follows:

    Three Months Ended 
June 30,  
    Six Months Ended 
June 30, 
  
    Revenue generated per major product category 
    2025  
    2024  
    2025  
    2024 
  
    Promotional products - dropshipping 
    $11,953  
    $8,128  
    $21,138  
    $16,538 
  
    Promotional products – bulk dropshipping 
     3,584  
     3,123  
     9,915  
     8,889 
  
    Promotional products – Company owned inventory 
     4,296  
     3,605  
     7,190  
     6,204 
  
    Casino continuity program 
     10,197  
     —  
     17,565  
     — 
  
    Promotional products – third-party distributor 
     2,102  
     1,402  
     4,697  
     3,076 
  
    Rewards program 
     365  
     254  
     590  
     540 
  
    Additional services 
     80  
     181  
     176  
     273 

    $32,577  
    $16,693  
    $61,271  
    $35,520 

Unearned revenue includes customer
deposits and deferred revenue which represent prepayments from customers. The Company had unearned revenue as follows:

    June 30, 
2025  
    June 30, 
2024 
  
    Balance at January 1, 
    $4,423  
    $1,116 
  
    Revenue recognized 
     (4,920) 
     (1,042)
  
    Amounts collected or invoiced 
     5,314  
     780 
  
    Unearned revenue 
    $4,817  
    $854 

For the six months