Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 303

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 303
---

     2,468 
  
    Transportation equipment 
     62  
     62 

     3,458  
     3,094 
  
    Accumulated depreciation 
     (1,743) 
     (1,573)

    $1,715  
    $1,521 

The Company recorded depreciation expense
of $126 and $192 for the three months ended June 30, 2024 and 2023, respectively. The Company
recorded depreciation expense of $170 and $284 for the six months ending June 30, 2024 and
2023, respectively.

F.INTANGIBLE ASSETS:

The following table presents details
of the Company’s intangible assets, estimated lives and related accumulated amortization:

    As of June 30, 2024  
    As of December 31, 2023 

    Estimated  Useful Life 
    Gross  
    Accumulated Amortization  
    Net Carrying Amount  
    Gross  
    Accumulated Amortization  
    Net Carrying Amount 
  
    Customer lists 
    10 - 12 years 
    $3,716  
    $(773) 
    $2,943  
    $3,716  
    $(602) 
    $3,114 
  
    Total 
      
    $3,716  
    $(773) 
    $2,943  
    $3,716  
    $(602) 
    $3,114 

The Company recorded amortization expense
of $85 and $67 for the three months ended June 30, 2024 and 2023, respectively. The Company recorded amortization expense of $171 and
$123 for the six months ended June 30, 2024 and 2023, respectively.

The following table presents future
estimated amortization expense based on existing intangible assets held for use:

    Fiscal Years: 

    Remainder of 2024 
    $172 
  
    2025 
     343 
  
    2026 
     343 
  
    2027 
     343 
  
    2028 
     343 
  
    Thereafter 
     1,399 
  
    Total 
    $2,943 

Actual future estimated amortization
expense could differ from these estimated amounts as a result of future acquisitions, dispositions, impair