Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 113

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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 the respective acquisition valuation dates. The installment payment amounts and payment dates were based on the purchase
agreements and the discount rates utilized at the date of the Company’s asset acquisition.

19

STRAN & COMPANY, INC.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

A reconciliation of the installment
payment liabilities is included below:

    Balance as of December 31, 2024 
    $790 
  
    Interest accretion 
     35 
  
    Payments made 
     (255)
  
    Balance as of September 30, 2025 
    $570 

    Current portion of installment payment liabilities 
    $170 
  
    Long-term installment payment liabilities 
    $400 

J.REVENUE:

Revenue disaggregated according to
the timing of transfer of goods or services (e.g., at a point in time) was as follows:

    Three Months Ended 
September 30,  
    Nine Months Ended 
September 30, 
  
    Revenue generated per major product category 
    2025  
    2024  
    2025  
    2024 
  
    Promotional products - dropshipping 
    $9,590  
    $7,926  
    $30,728  
    $24,464 
  
    Promotional products – bulk dropshipping 
     2,170  
     1,872  
     12,085  
     10,761 
  
    Promotional products – Company owned inventory 
     3,401  
     3,270  
     10,591  
     9,474 
  
    Casino continuity program 
     8,336  
     3,488  
     25,901  
     3,488 
  
    Redemption code program 
     —  
     1,856  
     —  
     1,856 
  
    Promotional products – third-party distributor 
     1,862  
     1,307  
     6,559  
     4,383 
  
    Rewards program 
     257  
     308  
     847  
     848 
  
    Additional services 
     365  
     117  
     541  
     390