Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 29

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 which is consolidated as part of the SLS subsidiary and also comprises
the segment SLS.

As of March 31, 2025 Stran and
SLS had total assets of $39,128 and $13,032, respectively. As of December 31, 2024, Stran and SLS had total assets of $45,206 and $9,944,
respectively. The entire goodwill balance of $2,321 as of March 31, 2025 and December 31, 2024, was allocated to the SLS segment.

Revenue and costs are directly attributed
to our segments, and the revenues recognized as well as the costs incurred in generating those revenues within each segment are distinguishable
based on the information systems in which each segment’s financial information gets recorded. There are no intersegment revenues
or other transactions between the two segments that are eliminated in consolidation by the Company for external reporting.

The table below presents information
about reported segments for the three months ended March 31, 2025 and 2024.

    March 31, 2025  
    March 31, 2024 

    Stran  
    SLS  
    Total  
    Stran  
    SLS  
    Total 
  
    Sales 
    $20,935  
    $7,759  
    $28,694  
    $18,827  
    $ —  
    $18,827 
  
    Gross profit 
     6,791  
     1,691  
     8,482  
     5,614  
     —  
     5,614 
  
    Operating loss 
    $(73) 
    $(462) 
    $(535) 
    $(665) 
    $—  
    $(665)

The segment SLS was not a part of the
Company until the segment was acquired and all of its business operations were incorporated within the Company’s newly created subsidiary
in August 2024. The Stran segment’s operations have remained consistent for all periods presented, however, the Company only had
one operating and reportable segment prior to the acquisition. Significant segment expenses for the Stran segment during the three months
ended March 31, 2024 are consistent with those presented on the consolidated statements of operations.

P.CREDIT LOSSES:

The Company is exposed to credit losses
primarily through sales of products and services. The