Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 21

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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     3 

    NET LOSS 
    $(838) 
    $(86) 
    $(924) 
     1,3,6,8*

    NET LOSS PER COMMON SHARE 

    Basic 
    $(0.05) 
    $0.00  
    $(0.05) 
     1,3,6,8*
  
    Diluted 
    $(0.05) 
    $0.00  
    $(0.05) 
     1,3,6,8*

    WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 

    Basic 
     18,540,648  
     (8,306) 
     18,532,342  
     *
  
    Diluted 
     18,540,648  
     (8,306) 
     18,532,342  
     *

15

STRAN & COMPANY, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

    Statement of Operations for the Six Months Ended June 30, 2023 
    As Reported  
    Adjustment  
    As Restated  
    Reference 
  
    Sales 
    $33,246  
    $10  
    $33,256  
     6 
  
    Sales – related parties 
     —  
     130  
     130  
     4 
  
    Total sales 
     33,246  
     140  
     33,386  
     6 

    Cost of sales 
     23,476  
     (847) 
     22,629  
     6,9 
  
    Cost of sales – related parties 
     —  
     100  
     100  
     4 
  
    Total cost of sales 
     23,476  
     (747) 
     22,729  
     6 

    GROSS PROFIT 
     9,770  
     887  
     10,657  
     6 

    General and administrative expenses 
     12,430  
     (194) 
     12,236  
     1,*
  
    Total operating expenses 
     12,430  
     (194)