Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 1

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 assets 
     23  
     23 
  
    Right of use asset - office leases 
     1,192  
     1,336 
  
    Total other assets 
     4,244  
     4,473 
  
    Total assets 
    $47,948  
    $49,036 

    LIABILITIES AND STOCKHOLDER’S EQUITY 

    CURRENT LIABILITIES: 

    Accounts payable and accrued expenses 
    $3,347  
    $4,745 
  
    Accrued payroll and related 
     1,710  
     2,568 
  
    Unearned revenue 
     592  
     1,116 
  
    Rewards program liability 
     2,850  
     875 
  
    Sales tax payable 
     595  
     344 
  
    Current portion of contingent earn-out liabilities 
     224  
     224 
  
    Current portion of installment payment liabilities 
     781  
     786 
  
    Current portion of lease liability 
     540  
     528 
  
    Total current liabilities 
     10,639  
     11,186 

    LONG-TERM LIABILITIES: 

    Long-term contingent earn-out liabilities 
     763  
     763 
  
    Long-term installment payment liabilities 
     639  
     639 
  
    Long-term lease liability 
     661  
     798 
  
    Total long-term liabilities 
     2,063  
     2,200 
  
    Total liabilities 
     12,702  
     13,386 

    Commitments and contingencies (Note K) 

    STOCKHOLDER’S EQUITY: 

    Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 
     —  
     — 
  
    Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,589,086 and 18,539,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 
     2  
     2 
  
    Additional paid-in capital