Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 234

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 234
---
 2024 and December 31, 2023, and indicates the fair
value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level 
    March 31,
 2024  
    December 31, 
2023 
  
    Assets: 

    Investments 
    1 
    $10,710  
    $10,393 

    Liabilities: 

    Earn-out liabilities 
    3 
    $987  
    $987 

Investments

The Company’s investments consisted
of the following as of March 31, 2024:

    Cost  
    Unrealized Gain 
(Loss)  
    Fair Value 
  
    Money market fund 
    $1,200  
    $ —  
    $1,200 
  
    Corporate bonds 
     3,567  
     (66) 
     3,501 
  
    Mutual funds 
     746  
     11  
     757 
  
    US Treasury bills 
     5,277  
     (25) 
     5,252 

    $10,790  
    $(80) 
    $10,710 

Earn-Out Liabilities

For the three months ended March 31,
2024 and 2023 the Company did not recognize any change in fair value of contingent earn-out liability as it was deemed immaterial in
both periods.

D.INVENTORY:

Inventory consists of the following:

    March 31,
 2024  
    December 31, 
2023 
  
    Finished goods (branded products) 
    $3,108  
    $4,182 
  
    Goods in process (un-branded products) 
     1,123  
     600 

    $4,231  
    $4,782 

E.PROPERTY AND EQUIPMENT, NET:

Property and equipment, net consists
of the following:

    March 31, 
2024  
    December 31, 
2023 
  
    Leasehold improvements 
    $6  
    $6 
  
    Office furniture and equipment 
     568  
     558 
  
    Software 
     2,644  
     2,468 
  
    Transportation equipment 
     62  
     62 

     3,280  
     3,