Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 256

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 256
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     —%
  
    Interest income 
     93  
     0.5% 
     138  
     0.9%
  
    Realized gain on investments 
     70  
     0.4% 
     12  
     0.1%
  
    Total other income 
     178  
     0.9% 
     150  
     0.9%

    LOSS BEFORE INCOME TAXES 
     (487) 
     (2.6)% 
     (432) 
     (2.7)%

    Provision for income taxes 
     —  
     —% 
     52  
     0.3%

    NET LOSS 
    $(487) 
     (2.6)% 
    $(484) 
     (3.0)%

Sales

Sales consist primarily
of the selling price of the merchandise, service or outbound shipping and handling charges, less discounts, coupons redeemed, returns
and credits.

Our sales
increased 17.9% to approximately $18.8 million
for the three months ended March 31, 2024, from approximately $16.0 million
for the three months ended March 31, 2023. The increase was primarily due to higher
spending from existing clients as well as business from new customers. Additionally, we benefited from the acquisition of the assets of
T R Miller in June 2023.

31

Cost of Sales

Our total
cost of sales increased 25.1% to approximately $13.2 million
for the three months ended March 31, 2024, from approximately $10.6 million
for the three months ended March 31, 2023. As a percentage of sales, cost of sales increased
to 70.2% for the three months ended March 31, 2024 from 66.1% for the three months
ended March 31, 2023. The increase in the dollar amount of cost of sales was primarily due
to an increase in sales of 17.9% from period to period.

Gross Profit

Gross profit
consists of sales less total costs of sales. Our gross profit increased 3.8% to approximately
$5.6 million, or 29.8% of sales, for
the three months ended March 31, 2024, from approximately