Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 89

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 89
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,701 

    OTHER ASSETS: 

    Intangible assets - customer lists, net 
     3,812  
     4,170 
  
    Intangible assets - trade name 
     654  
     654 
  
    Goodwill 
     2,321  
     2,321 
  
    Other assets 
     —  
     23 
  
    Right of use assets 
     2,192  
     797 
  
    Total other assets 
     8,979  
     7,965 
  
    Total assets 
    $50,262  
    $55,148 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    CURRENT LIABILITIES: 

    Accounts payable and accrued expenses 
    $7,462  
    $8,919 
  
    Accrued payroll and related 
     1,605  
     1,513 
  
    Unearned revenue 
     4,159  
     4,423 
  
    Rewards program liability 
     2,951  
     6,000 
  
    Sales tax payable 
     251  
     353 
  
    Current portion of contingent earn-out liabilities 
     105  
     256 
  
    Current portion of installment payment liabilities 
     170  
     365 
  
    Current portion of lease liabilities 
     615  
     366 
  
    Total current liabilities 
     17,318  
     22,195 

    LONG-TERM LIABILITIES: 

    Long-term contingent earn-out liabilities 
     455  
     455 
  
    Long-term installment payment liabilities 
     400  
     425 
  
    Long-term lease liabilities 
     1,861  
     432 
  
    Other liabilities 
     32  
     — 
  
    Total long-term liabilities 
     2,748  
     1,312 
  
    Total liabilities 
     20,066  
     23,507 

    Commitments and contingencies (Note K) 

    STOCKHOLDERS’ EQUITY: 

    Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of September 30, 2025 and December 31,