Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 15

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part II, Item 8
Chunk 15
---
 (5,733) 
     16,932  
     1,3,5,* 

    Additional paid-in capital 
     38,398  
     (167) 
     38,231  
     1 
  
    Retained earnings (accumulated deficit) 
     235  
     (2,595) 
     (2,360) 
     1,2,3,6,7,* 
  
    Accumulated other comprehensive loss 
     —  
     (143) 
     (143) 
     8 
  
    Total stockholders’ equity 
     38,635  
     (2,905) 
     35,730  
     1,2,3,6,7,8,* 
  
    Total liabilities and stockholders’ equity 
    $61,300  
    $(8,638) 
    $52,662  
     1,2,3,5,6,7,8,* 

15

STRAN & COMPANY,
INC.
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

    Statement of Operations for the Three Months Ended September 30, 2023 
    As Reported  
    Adjustment  
    As Restated  
    Reference 
  
    Sales 
    $19,303  
    $(352) 
    $18,951  
     6 
  
    Sales – related parties 
     —  
     723  
     723  
     4 
  
    Total sales 
     19,303  
     371  
     19,674  
     6,4 

    Cost of sales 
     12,932  
     (213) 
     12,719  
     6 
  
    Cost of sales – related parties 
     —  
     556  
     556  
     4 
  
    Total cost of sales 
     12,932  
     343  
     13,275  
     6 

    GROSS PROFIT 
     6,371  
     28  
     6,399  
     6 

    General and administrative expenses 
     5,940