Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 0

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS.

STRAN & COMPANY,
INC.

UNAUDITED CONDENSED FINANCIAL
STATEMENTS

    Page
  
    Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023
     
    2
  
    Statements of Operations for the Three Months Ended March 31, 2024 and 2023 (unaudited) (Restated)
     
    3
  
    Statements of Comprehensive (Loss) Income for the Three Months Ended March 31, 2024 and 2023 (unaudited) (Restated)
     
    4
  
    Statements of Stockholders’ Equity for the Three Months Ended March 31, 2024 and 2023 (unaudited) (Restated)
     
    5
  
    Statements of Cash Flows for the Three Months Ended March 31, 2024 and 2023 (unaudited) (Restated)
     
    6
  
    Notes to Unaudited Condensed Financial Statements (unaudited) (Restated)
     
    8

1

STRAN & COMPANY,
INC. 
BALANCE SHEETS 
(in thousands, except share and per share amounts)

    March 31,
 2024  
    December 31, 
2023 
  
    ASSETS 

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $9,486  
    $8,059 
  
    Investments 
     10,710  
     10,393 
  
    Accounts receivable, net 
     14,209  
     16,223 
  
    Accounts receivable - related parties 
     878  
     853 
  
    Inventory 
     4,231  
     4,782 
  
    Prepaid corporate taxes 
     —  
     62 
  
    Prepaid expenses 
     948  
     953 
  
    Deposits 
     1,578  
     1,717 
  
    Total current assets 
     42,040  
     43,042 

    Property and equipment, net 
     1,664  
     1,521 

    OTHER ASSETS: 

    Intangible assets - customer lists, net 
     3,029  
     3,114 
  
    Other