Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 2

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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     38,263 
  
    Accumulated deficit 
     (4,118) 
     (2,602)
  
    Accumulated other comprehensive loss 
     (32) 
     (13)
  
            Total stockholders’ equity 
     34,285  
     35,650 
  
    Total liabilities and stockholders’ equity 
    $46,595  
    $49,036 

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

2

STRAN & COMPANY, INC.

STATEMENTS OF OPERATIONS

THREE AND SIX MONTHS ENDED JUNE 30, 2024 AND
2023

(in thousands, except share and per share amounts)

    For the Three Months Ended
 June
    30,  
    For the Six Months Ended 
June
    30, 

    2024  
    2023  
    2024  
    2023 

    (Restated)  
       
    (Restated) 
  
    SALES 

    Sales 
    $16,693  
    $17,285  
    $35,474  
    $33,256 
  
    Sales – related parties 
     —  
     130  
     46  
     130 
  
    Total sales 
     16,693  
     17,415  
     35,520  
     33,386 

    COST OF SALES: 

    Cost of sales 
     11,226  
     12,067  
     24,405  
     22,629 
  
    Cost of sales - related parties 
     —  
     100  
     35  
     100 
  
    Total cost of sales 
     11,226  
     12,167  
     24,440  
     22,729 

    GROSS PROFIT 
     5,467  
     5,248  
     11,080  
     10,657 

    OPERATING EXPENSES: 

    General and administrative expenses 
     6,575  
     6,245  
     12,857  
     12,236 
  
    Total operating expenses 
     6,