Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 296

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 296
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1 
  
    Total long-term liabilities 
     5,646  
     (2,995) 
     2,651  
     1 
  
    Total liabilities 
     25,137  
     (5,150) 
     19,987  
     1,3,5,*

    Additional paid-in capital 
     38,417  
     (167) 
     38,250  
     1 
  
    Accumulated deficit 
     (449) 
     (3,176) 
     (3,625) 
     1,2,3,6,7,*
  
    Accumulated other comprehensive loss 
     —  
     (102) 
     (102) 
     8 
  
    Total stockholders’ equity 
     37,970  
     (3,445) 
     34,525  
     1,2,3,6,7,8,*
  
    Total liabilities and stockholders’ equity 
    $63,107  
    $(8,595) 
    $54,512  
     1,2,3,5,6,7,8,*

14

STRAN & COMPANY, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

    Statement of Operations for the Three Months Ended June 30, 2023 
    As Reported  
    Adjustment  
    As Restated  
    Reference 
  
    Sales 
    $17,470  
    $(185) 
    $17,285  
     6 
  
    Sales – related parties 
     —  
     130  
     130  
     4 
  
    Total sales 
     17,470  
     (55) 
     17,415  
     6,4 

    Cost of sales 
     12,393  
     (326) 
     12,067  
     6 
  
    Cost of sales – related parties 
     —  
     100  
     100  
     4 
  
    Total cost of sales 
     12,393  
     (226) 
     12,167  
     6 

    GROSS PROF