Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 225

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 225
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 uncertainties of litigation in both domestic and foreign jurisdictions, we cannot accurately
predict the ultimate outcome of any such proceedings. These proceedings could cause us to incur costs and may require us to devote resources
to defend against these claims and could ultimately result in a loss or other remedies, such as product recalls, which could adversely
affect our financial position and results of operations.

Volatility in the global financial markets
could adversely affect results. 

In the past, global financial markets have experienced
extreme disruption, including, among other things, volatility in securities prices, diminished liquidity and credit availability, rating
downgrades of certain investments and declining valuations of others. There can be no assurance that there will not be further change
or volatility, which could lead to challenges in our business and negatively impact our financial results. Any future tightening of credit
in financial markets could adversely affect the ability of our customers and suppliers to obtain financing for significant purchases and
operations and could result in a decrease in orders and spending for our products and services. We are unable to predict the likely duration
and severity of any disruption in financial markets and adverse economic conditions and the effects they may have on our business and
financial condition.

29

We identified material weaknesses in our
internal control over financial reporting as of December 31, 2024. If we fail to remediate the material weaknesses, we may be unable to
accurately report our financial results or prevent fraud, and investor confidence and the market price of our shares may be adversely
affected.

To implement Section 404 of the Sarbanes-Oxley
Act of 2002 (the “Sarbanes-Oxley Act”), the SEC adopted rules requiring public companies to include a report of management
on the company’s internal control over financial reporting in their annual reports on Form 10-K. A report of our management is included
under Item 9A of this Annual Report on Form 10-K. A “material weakness” is a deficiency, or a combination of deficiencies,
in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s
annual or interim financial statements will not be prevented or detected on a timely basis.

Our management has identified the following material
weaknesses in our internal control over financial reporting:

●There was a material weakness in our internal controls related to the proper design and implementation
of control over formal review, approval, and evaluation of complex accounting transactions associated with business combinations.

●We identified a material