Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 175

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 175
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4,6,8,9,* |
| WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING                   |     |          |            |   |     |            |             |   |     |          |            |   |     |           |                 |
| Basic                                                        |     |          | 18,519,615 |   |     |            |         277 |   |     |          | 18,519,892 |   |     |           |               * |
| Diluted                                                      |     |          | 29,453,206 |   |     |            | (10,933,314 | ) |     |          | 18,519,892 |   |     |           | 1,2,3,4,6,8,9,* |

F-19 STRAN & COMPANY, INC.
NOTES TO THE RESTATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

| Statement of Operations for the Year Ended December 31, 2022 |     | As       
 Reported |            |   |     | Adjustment |        |   |     | As       
 Restated |            |   |     | Reference |             |
|:-------------------------------------------------------------|:----|:---------|-----------:|:--|:----|:-----------|-------:|:--|:----|:---------|-----------:|:--|:----|:----------|------------:|
| Sales                                                        |     | $        |     58,953 |   |     | $          | (1,075 | ) |     | $        |     57,878 |   |     |           |           6 |
| Total sales                                                  |     |          |     58,953 |   |     |            | (1,075 | ) |     |          |     57,878 |   |     |           |           6 |
| Cost of sales                                                |     |          |     42,384 |   |     |            |    109 |   |     |          |     42,493 |   |     |           |           6 |
| Total cost of sales                                          |     |          |     42,384 |   |     |            |    109 |   |     |          |     42,493 |   |     |           |           6 |
| GROSS PROFIT                                                 |     |          |     16,569 |   |     |