Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1320

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1320
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 we engaged
to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provides a reasonable basis for our opinion.

/s/ Marcum llp

Marcum llp

We have served as the Company’s auditor since 2024.

Marlton, NJ
April 14, 2025

F-2

STRAN & COMPANY, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share amounts)

    December 31, 2024  
    December 31, 2023 
  
    ASSETS 

    CURRENT ASSETS: 

    Cash and cash equivalents 
    $9,358  
    $8,059 
  
    Investments 
     8,856  
     10,393 
  
    Accounts receivable, net 
     18,092  
     16,223 
  
    Accounts receivable - related parties, net 
     573  
     853 
  
    Inventory 
     5,389  
     4,782 
  
    Prepaid corporate taxes 
     28  
     62 
  
    Prepaid expenses 
     2,308  
     953 
  
    Deposits 
     423  
     1,717 
  
    Other current assets 
     455  
     — 
  
    Total current assets 
     45,482  
     43,042 

    Property and equipment, net 
     1,701  
     1,521 

    OTHER ASSETS: 

    Intangible assets - customer lists, net 
     4,170  
     3,114 
  
    Intangible assets - trade name 
     654  
     —