Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 202

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 2
Chunk 202
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 Interest income 
     239  
     0.4% 
     467  
     0.9%
  
    Realized gain on investments 
     176  
     0.3% 
     98  
     0.2%
  
    Total other income 
     409  
     0.7% 
     784  
     1.5%

    (LOSS) INCOME BEFORE INCOME TAXES 
     (3,552) 
     (6.4)% 
     (128) 
     (0.2)%

    Provision (benefit) for income taxes 
     2  
     —% 
     15  
     —%

    NET (LOSS) INCOME 
    $(3,554) 
     (6.4)% 
    $(143) 
     (0.3)%

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. Sales by segment were as follows:

    Nine Months Ended
September 30,  
       
    Nine Months Ended
September 30,  
       
    Increase / (Decrease) 

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 

    Stran 
    $52,176  
     93.7% 
    $53,060  
     100.0% 
    $(884) 
     (1.7)%
  
    SLS 
     3,488  
     6.3% 
     —  
     —% 
     3,488  
     100.0%
  
    Total sales 
    $55,664  
     100.0% 
    $53,060  
     100.0% 
    $2,604  
     4.9%

Our sales
increased 4.9% to approximately $55.7 million
for the nine months ended September 30, 2024, from approximately $53.1 million
for the nine months ended September 30, 2023. The increase was primarily due to higher
spending from existing clients as well as business from new customers. For the Stran