Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 18

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 presents information about the Company’s assets and liabilities
that are measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level  
    June 30,
 2025  
    December 31,
 2024 
  
    Assets: 

    Investments 
    1  
    $4,997  
    $8,856 

    Liabilities: 

    Earn-out liabilities 
    3  
    $560  
    $711 

Investments

The Company’s investments consisted
of the following as of June 30, 2025:

    Cost  
    Unrealized Gain  (Loss)  
    Fair Value 
  
    Money market fund 
    $1,363  
    $—  
    $1,363 
  
    Corporate bonds 
     2,562  
     7  
     2,569 
  
    Mutual funds 
     267  
     —  
     267 
  
    US Treasury bills 
     798  
     —  
     798 

    $4,990  
    $7  
    $4,997 

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

    Cost  
    Unrealized Gain  (Loss)  
    Fair Value 
  
    Money market fund 
    $4,843  
    $—  
    $4,843 
  
    Corporate bonds 
     2,958  
     (6) 
     2,952 
  
    Mutual funds 
     267  
     —  
     267 
  
    US Treasury bills 
     798  
     (4) 
     794 

    $8,866  
    $(10) 
    $8,856 

Earn-Out Liabilities

In connection with certain of the Company’s
asset acquisitions, certain earn-out liabilities were established which reflect the estimated amounts payable upon the achievement of
sales from acquired intangible assets over a period of time following the acquisition. As of June 30, 2025, the Company has earn-out liabilities
associated with its purchase of Trend Brand Solutions, T.R. Miller Co., and Premier