Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 617

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1C
Chunk 617
---
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) 
     (344)

    Provision for income taxes 
     5  
     41 

    NET LOSS 
    $(4,140) 
    $(385)

    NET LOSS PER COMMON SHARE 

    Basic and diluted 
    $(0.22) 
    $(0.02)

    WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 

    Basic and diluted 
     18,587,607  
     18,519,892 

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

F-4

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)
INCOME

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands)

    2024  
    2023 
  
    Net loss 
    $(4,140) 
    $(385)

    Other comprehensive income: 

    Change in unrealized gain on investments (net of tax) 
     3  
     167 
  
    Total other comprehensive income 
     3  
     167 

    Comprehensive loss 
    $(4,137) 
    $(218)

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

F-5

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands, except share amounts)

    Preferred Stock