Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 93

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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The effectiveness of any system of internal control
over financial reporting, including ours, is subject to inherent limitations, including the exercise of judgment in designing, implementing,
operating, and evaluating the controls and procedures, and the inability to eliminate misconduct completely. Accordingly, any system
of internal control over financial reporting, including ours, no matter how well designed and operated, can only provide reasonable,
not absolute assurances. In addition, projections of any evaluation of effectiveness to future periods are subject to the risk that controls
may become inadequate because of changes in conditions, or that the degree of compliance with our policies or procedures may deteriorate.
We intend to continue to monitor and upgrade our internal controls as necessary or appropriate for our business but cannot assure that
such improvements will be sufficient to provide us with effective internal control over financial reporting.

39

PART II

OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS.

From time to time, we may become involved in
various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties,
and an adverse result in any such matters may arise from time to time that may harm our business. We are not currently aware of any such
legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS.

Not applicable.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

Unregistered Sales of Equity Securities

During the three months ended March 31, 2024,
we did not sell any equity securities that were not registered under the Securities Act and that were not previously disclosed under
Item 3.02 in a Current Report on Form 8-K.

Purchases of Equity Securities

No repurchases of our common stock were made
during the three months ended March 31, 2024. For a description of the Company’s stock repurchase program, see “Part I. Financial
Information – Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. –
Liquidity and Capital Resources – Stock Repurchase Program”.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM
4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM
5. OTHER INFORMATION.

We have no information to disclose that was required
to be disclosed in a Current Report on Form 8-K during the three months ended