Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 92

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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 35.9%

    LOSS FROM OPERATIONS 
     (1,108) 
     (6.6)% 
     (997) 
     (5.7)%

    OTHER INCOME: 

    Other income 
     1  
     —% 
     17  
     0.1%
  
    Interest income 
     82  
     0.5% 
     146  
     0.8%
  
    Realized gain on investments 
     3  
     —% 
     9  
     0.1%
  
    Total other income 
     86  
     0.5% 
     172  
     1.0%

    LOSS BEFORE INCOME TAXES 
     (1,022) 
     (6.1)% 
     (825) 
     (4.7)%

    Provision for income taxes 
     3  
     —% 
     99  
     0.6%

    NET LOSS 
    $(1,025) 
     (6.1)% 
    $(924) 
     (5.3)%

Sales

Sales consist
primarily of the selling price of the merchandise, service or outbound shipping and handling charges, less discounts, coupons redeemed,
returns and credits.

Our sales decreased 4.1%
to approximately $16.7 million for the three
months ended June 30, 2024, from approximately $17.3 million
for the three months ended June 30, 2023. The decrease was primarily due to lower
spending from new and existing clients, partially offset from the acquisition of the assets of T R Miller in June 2023.

32

Cost
of Sales

Our total
cost of sales decreased 7.7% to approximately $11.2 million
for the three months ended June 30, 2024, from approximately $12.2 million
for the three months ended June 30, 2023. As a percentage of sales, cost of sales decreased
to 67.2% for the three months ended June 30, 2024 from 69.9% for the three months
ended June 30, 2023. The decrease in the dollar amount of cost of sales was primarily due
to improvement in purchasing from suppliers along with a decrease in sales of 4