Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 91

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 91
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ITEM 1. FINANCIAL STATEMENTS.

STRAN & COMPANY, INC.

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

    Page

    Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 
     
    2
  
    Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) (Restated) 
     
    3
  
    Consolidated Statements of Comprehensive (Loss) Income for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) (Restated) 
     
    4
  
    Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) (Restated) 
     
    5
  
    Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (unaudited) (Restated) 
     
    6
  
    Notes to the Unaudited Condensed Consolidated Financial Statements (Restated) 
     
    8

1

STRAN & COMPANY, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

    September 30, 
2024  
    December 31, 
2023 
  
    ASSETS 
    (unaudited)  

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $10,036  
    $8,059 
  
    Investments 
     6,934  
     10,393 
  
    Accounts receivable, net 
     13,748  
     16,223 
  
    Accounts receivable - related parties 
     1,092  
     853 
  
    Inventory 
     4,768  
     4,782 
  
    Prepaid corporate taxes 
     34  
     62 
  
    Prepaid expenses 
     1,310  
     953 
  
    Deposits 
     650  
     1,717 
  
    Other current assets 
     63  
     — 
  
    Total current assets 
     38,635  
     43,042 

    Property and equipment, net