Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1181

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 5
Chunk 1181
---

  
    Intangible assets - trade name 
     654  
     — 
  
    Goodwill 
     2,321  
     — 
  
    Other assets 
     23  
     23 
  
    Right of use asset - office leases 
     797  
     1,336 
  
    Total other assets 
     7,965  
     4,473 
  
    Total assets 
    $55,148  
    $49,036 

    LIABILITIES AND STOCKHOLDER’S EQUITY 

    CURRENT LIABILITIES: 

    Accounts payable and accrued expenses 
    $8,919  
    $4,745 
  
    Accrued payroll and related 
     1,513  
     2,568 
  
    Unearned revenue 
     4,423  
     1,116 
  
    Rewards program liability 
     6,000  
     875 
  
    Sales tax payable 
     353  
     344 
  
    Current portion of contingent earn-out liabilities 
     256  
     224 
  
    Current portion of installment payment liabilities 
     365  
     786 
  
    Current portion of lease liability 
     366  
     528 
  
    Total current liabilities 
     22,195  
     11,186 

    LONG-TERM LIABILITIES: 

    Long-term contingent earn-out liabilities 
     455  
     763 
  
    Long-term installment payment liabilities 
     425  
     639 
  
    Long-term lease liability 
     432  
     798 
  
    Total long-term liabilities 
     1,312  
     2,200 
  
    Total liabilities 
     23,507  
     13,386 

    Commitments and contingencies (Note M) 

    STOCKHOLDER’S EQUITY: 

    Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and 2023, respectively 
     —  
     — 
  
    Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,598,574 and 18,539,000 shares issued and outstanding as of December 31