Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 33

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Ended
    June 30,
    2025 
  
    Basic net income per common share: 

    Numerator: 

    Net income 
    $643  
    $250 
  
    Denominator: 

    Weighted average number of shares of common stock
    outstanding 
     18,592,339  
     18,600,373 
  
    Basic net income per common share 
    $0.03  
    $0.01 

    Diluted net income per common share: 

    Numerator: 

    Net income 
    $643  
    $250 
  
    Denominator: 

    Number of shares used in basic computation 
     18,592,339  
     18,600,373 
  
    Add: effect of dilutive securities  

    Warrants 
     —  
     — 
  
    Stock options 
     4,487  
     3,059 
  
    Weighted average number of shares
    of common stock outstanding used to calculate diluted income per share 
     18,596,826  
     18,603,432 
  
    Diluted net income per common share 
    $0.03  
    $0.01 

For the three and six months ended
June 30, 2024, as a result of the net losses in these periods, all warrants and stock options have been excluded from the calculation
of diluted net income (loss) per share and, therefore, there was no difference in the weighted average number of common shares for basic
and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive.

The following table summarizes the
outstanding shares of potentially dilutive securities per share because their inclusion would have been anti-dilutive:

    For the Three Months Ended June 30, 2025  
    For the Six Months Ended June 30, 2025  
    For the Three and Six Months Ended June 30, 2024 
  
    Warrants 
     10,074,195  
     10,074,195  
     10,074,195 
  
    Stock options 
     1,256,680  
     1,258,108  
     1,379,167 

     11,330,875  
     11,332,303