Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 117

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 117
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    Total 
     2,872 
  
    Less amount representing interest 
     (396)
  
    Present value of payments 
    $2,476 

The following schedule sets forth supplemental
cash flow information related to operating leases for the three and nine months ended September 30, 2025 and 2024 : 

    Three Months Ended
 September 30,  
    Nine Months Ended
 September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Other information 

    Operating cash flows from operating lease 
    $65  
    $135  
    $398  
    $391 

The aggregate weighted average remaining lease term was 4.9 years and 2.7 years as of September 30, 2025 and December 31, 2024. The aggregate
weighted average discount rate was 5.9% and 3.7% as of September 30, 2025 and December 31, 2024.

L.STOCKHOLDERS’ EQUITY:

Common Stock

In accordance with the
Company’s Articles of Incorporation dated May 24, 2021, the Company is authorized to issue 300,000,000 shares of $0.0001 par
value common stock, of which 18,288,158 and 18,598,574 shares were issued and outstanding at September 30, 2025 and December 31,
2024, respectively. Common stockholders are entitled to one vote per share and are entitled to receive dividends when, as and if
declared by the board of directors.

Warrants

On November 12, 2021, in connection
with the Company’s Initial Public Offering (“IPO”) the Company issued 4,987,951 publicly-traded warrants (“IPO
Warrants”) at an exercise price of $5.1875 per unit, equal to 125% of the IPO Price. These IPO warrants were immediately exercisable
with a five-year expiration term from the date of issuance. Due to the subsequent private placement (see below), the exercise price per
share of the publicly-traded warrants was reduced to $4.81375 as of December 10, 2021. In conjunction with the Company’s IPO, the
Company issued warrants to the underwriters of the IPO which entitled the holders to purchase up to 149,639 shares