Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 2

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
,608,407 and 18,598,574 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 
     2  
     2 
  
    Additional paid-in capital 
     38,400  
     38,391 
  
    Accumulated deficit 
     (7,135) 
     (6,742)
  
    Accumulated other comprehensive loss 
     5  
     (10)
  
    Total stockholders’ equity 
     31,272  
     31,641 
  
    Total liabilities and stockholders’ equity 
    $52,161  
    $55,148 

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

2

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(in thousands, except share and per share amounts)

(unaudited)

    2025  
    2024 
  
    SALES 

    Sales 
    $28,694  
    $18,781 
  
    Sales – related parties 
     —  
     46 
  
    Total sales 
     28,694  
     18,827 

    COST OF SALES: 

    Cost of sales 
     20,212  
     13,178 
  
    Cost of sales - related parties 
     —  
     35 
  
    Total cost of sales 
     20,212  
     13,213 

    GROSS PROFIT 
     8,482  
     5,614 

    OPERATING EXPENSES: 

    General and administrative expenses 
     9,017  
     6,279 
  
    Total operating expenses 
     9,017  
     6,279 

    LOSS FROM OPERATIONS 
     (535) 
     (665)

    OTHER INCOME: 

    Other (expense) income 
     (5) 
     15 
  
    Interest income 
     42  
     93 
  
    Realized gain on investments 
     67  
     70 
  
    Total other income 
     104  
     178 

    LOSS BEFORE INCOME TAXES