Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 23

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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icit)  
    Stock-holders’ Equity 
  
    Balance, June 30, 2023 (As Reported) 
     18,540,834  
    $2  
    $38,417  
    $—  
    $(449)  
    $37,970 
  
    Adjustments 
     (186) 
     —  
     (167) 
     (102) 
     (3,176) 
     (3,445)
  
    Balance, June 30, 2023 (As Restated) 
     18,540,648  
    $2  
    $38,250  
    $(102) 
    $(3,625) 
    $34,525 

    Statement of Cash Flows for the Six Months Ended June 30, 2023 
    As Reported  
    Adjustment  
    As Restated  
    Reference 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(1,533) 
    $125  
    $(1,408) 
     1,3,4,6,8,*
  
    Deferred Income Taxes (Credit) 
     (701) 
     701  
     —  

    Depreciation and amortization 
     654  
     (247) 
     407  
     1,7 
  
    Adjustment to reconcile operating lease expense to cash paid 
     —  
     26  
     26  
     *
  
    Change in allowance for credit losses 
     —  
     (59) 
     (59) 
     5,*
  
    Intangible asset impairment, net 
     (68) 
     68  
     —  
     1 
  
    Stock-based compensation 
     110  
     27  
     137  

    Unrealized gain (loss) on investments 
     (99) 
     99  
     —  
     8 
  
    Changes in operating assets and liabilities: 

    Accounts receivable, net 
     484  
     923  
     1,407  
     5 
  
    Inventory 
     1,047  
     499  
     1,546