Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 2

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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38,413  
     38,263 
  
    Accumulated deficit 
     (3,089) 
     (2,602)
  
    Accumulated other comprehensive loss 
     (80) 
     (13)
  
    Total stockholders’ equity 
     35,246  
     35,650 
  
    Total liabilities and stockholders’ equity 
    $47,948  
    $49,036 

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

2

STRAN & COMPANY, INC.

STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2024 AND 2023

(in thousands, except share and per share amounts)

    2024  
    2023 

    (Restated) 
  
    SALES 

    Sales 
    $18,781  
    $15,971 
  
    Sales – related parties 
     46  
     — 
  
    Total sales 
     18,827  
     15,971 

    COST OF SALES: 

    Cost of sales 
     13,178  
     10,562 
  
    Cost of sales - related parties 
     35  
     — 
  
    Total cost of sales 
     13,213  
     10,562 

    GROSS PROFIT 
     5,614  
     5,409 

    OPERATING EXPENSES: 

    General and administrative expenses 
     6,279  
     5,991 
  
    Total operating expenses 
     6,279  
     5,991 

    LOSS FROM OPERATIONS 
     (665) 
     (582)

    OTHER INCOME: 

    Other income 
     15  
     — 
  
    Interest income 
     93  
     138 
  
    Realized gain on investments 
     70  
     12 
  
    Total other income 
     178  
     150 

    LOSS BEFORE INCOME TAXES 
     (487) 
     (432)

    Provision for income taxes 
     —  
     52 

    NET LOSS 
    $(487) 
    $(484)

    NET LOSS PER COMMON SHARE 

    Basic 
    $(0.