Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1322

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1322
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2 
  
    Additional paid-in capital 
     38,391  
     38,263 
  
    Accumulated deficit 
     (6,742) 
     (2,602)
  
    Accumulated other comprehensive loss 
     (10) 
     (13)
  
    Total stockholders’ equity 
     31,641  
     35,650 
  
    Total liabilities and stockholders’ equity 
    $55,148  
    $49,036 

The accompanying notes are an integral part
of these consolidated financial statements.

F-3

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands, except share and per share amounts)

    2024  
    2023 
  
    SALES 

    Sales 
    $82,194  
    $75,147 
  
    Sales – related parties 
     460  
     853 
  
    Total sales 
     82,654  
     76,000 

    COST OF SALES: 

    Cost of sales 
     56,487  
     50,492 
  
    Cost of sales - related parties 
     354  
     656 
  
    Total cost of sales 
     56,841  
     51,148 

    GROSS PROFIT 
     25,813  
     24,852 

    OPERATING EXPENSES: 

    General and administrative expenses 
     30,707  
     25,310 
  
    Goodwill impairment 
     —  
     810 
  
    Total operating expenses 
     30,707  
     26,120 

    LOSS FROM OPERATIONS 
     (4,894) 
     (1,268)

    OTHER INCOME: 

    Other income 
     38  
     186 
  
    Interest income 
     305  
     570 
  
    Change in fair value of contingent earn-out liability 
     208  
     65 
  
    Realized gain on investments 
     208  
     103 
  
    Total other income 
     759  
     924 

    LOSS BEFORE INCOME TAXES 
     (4,135)