Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1340

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1340
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’s investments consisted
of the following as of December 31, 2023:

    Cost  
    Unrealized Loss  
    Fair Value 
  
    Money market fund 
    $947  
    $—  
    $947 
  
    Corporate bonds 
     3,869  
     38  
     3,907 
  
    Mutual funds 
     490  
     10  
     500 
  
    US Treasury bills 
     4,920  
     119  
     5,039 

    $10,226  
    $167  
    $10,393 

Earn-Out Liabilities

A reconciliation of the earn-out liability
is included below:

    Balance as of December 31, 2022 
    $1,226 
  
    Additions pursuant to acquisitions 
     467 
  
    Gain upon re-measurement 
     (65)
  
    Payments earned and paid 
     (641)
  
    Balance as of December 31, 2023 
    $987 
  
    Payments earned and paid 
     (68)
  
    Loss upon re-measurement 
     (208)
  
    Balance as of December 31, 2024 
    $711 

    Current portion of contingent earn-out liabilities 
    $256 
  
    Long-term contingent earn-out liabilities 
    $455 

Fair Value on a Non-Recurring
Basis

Installment Payment Liabilities

The estimated fair value of the installment
payment liabilities represent a Level 2 measurement. The Company measures the initial installment payment liabilities at fair value by
discounting the contractually agreed upon payments by Bloomberg’s B+ corporate yield curve as of the valuation date, using rates
commensurate with the term to payment. The credit rating was determined utilizing Bloomberg’s default risk function for the Company
as of the valuation date. The installment payments and payment date (term) are based on the purchase agreements and the discount rate
represents a quoted market price classified within Level 2 of the fair value hierarchy. All assumptions utilized in the determination of the fair values of assets and liabilities acquired in the Company’s business combinations
were determined to be Level 3 in the fair value hierarchy, see Note F. “Acquisitions” for the valuation assumptions used.

C.INVENTORY:

Inventory consists of the following:

    December 31, 2024  
    December 31, 2023