Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 45

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part II, Item 8
Chunk 45
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 September
30, 2024 and 2023

The following table sets forth key components
of our results of operations during the three months ended September 30, 2024 and 2023 both in dollars and as a percentage of our revenues.

    Three Months Ended September 30, 

    2024  
    2023 (Restated) 

    Amount (in thousands)  
    % of Revenues  
    Amount (in thousands)  
    % of Revenues 
  
    SALES 

    Sales 
    $19,730  
     97.9% 
    $18,951  
     96.3%
  
    Sales – related parties 
     414  
     2.1% 
     723  
     3.7%
  
    Total sales 
     20,144  
     100.0% 
     19,674  
     100.0%

    COST OF SALES: 

    Cost of sales 
     13,873  
     68.9% 
     12,719  
     64.6%
  
    Cost of sales - related parties 
     319  
     1.6% 
     556  
     2.8%
  
    Total cost of sales 
     14,192  
     70.5% 
     13,275  
     67.5%

    GROSS PROFIT 
     5,952  
     29.5% 
     6,399  
     32.5%

    OPERATING EXPENSES: 

    General and administrative expenses 
     8,136  
     40.4% 
     5,732  
     29.1%
  
    Total operating expenses 
     8,136  
     40.4% 
     5,732  
     29.1%

    (LOSS) INCOME FROM OPERATIONS 
     (2,184) 
     (10.8)% 
     667  
     3.4%

    OTHER INCOME: 

    Other (expense) income 
     (22) 
     (0.1)% 
     202  
     1.0%
  
    Interest income 
     64  
     0