Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 93

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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     — 
  
    Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,589,086 and 18,539,000 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 
     2  
     2 
  
    Additional paid-in capital 
     38,436  
     38,263 
  
    Accumulated deficit 
     (6,156) 
     (2,602)
  
    Accumulated other comprehensive loss 
     21  
     (13)
  
    Total stockholders’ equity 
     32,303  
     35,650 
  
    Total liabilities and stockholders’ equity 
    $48,812  
    $49,036 

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

2

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024
AND 2023

(in thousands, except share and per share amounts)

(unaudited)

    For the Three Months Ended 
September 30,  
    For the Nine Months Ended
 September 30, 

    2024  
    2023  
    2024  
    2023 

    (Restated)  
       
    (Restated) 
  
    SALES 

    Sales 
    $19,730  
    $18,951  
    $55,204  
    $52,207 
  
    Sales – related parties 
     414  
     723  
     460  
     853 
  
    Total sales 
     20,144  
     19,674  
     55,664  
     53,060 

    COST OF SALES: 

    Cost of sales 
     13,873  
     12,719  
     38,278  
     35,348 
  
    Cost of sales - related parties 
     319  
     556  
     354  
     656 
  
    Total cost of sales 
     14,192  
     13,275  
     38,632