Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 42

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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Exchange Act”),
which would occur if the market value of our common stock that is held by non-affiliates exceeds $700.0 million as of the last business
day of our most recently completed second fiscal quarter or (iv) the date on which we have issued more than $1.0 billion in non-convertible
debt during the preceding three year period.

To the extent that we continue to qualify as
a “smaller reporting company,” as such term is defined in Rule 12b-2 under the Exchange Act, after we cease to qualify as
an emerging growth company, certain of the exemptions and accommodations available to us as an emerging growth company may continue to
be available to us as a smaller reporting company, including as to: (i) the auditor attestation requirements of Section 404(b) of the
Sarbanes-Oxley Act; (ii) scaled executive compensation disclosures; (iii) presenting three years of audited financial statements; and
(iv) compliance with certain greenhouse gas emissions disclosure and related third-party assurance requirements.

Principal Factors Affecting Our Financial Performance

Our operating results are primarily affected
by the following factors:

●our
                                            ability to identify, acquire, and integrate businesses that complement our current offerings;

●our
                                            ability to acquire new customers or retain existing customers; 

●our
                                            ability to offer competitive product pricing;

●our
                                            ability to broaden product offerings;

●industry
                                            demand and competition; 

●our
                                            ability to leverage technology and use and develop efficient processes;

●our
                                            ability to attract and retain talented employees; and

●market
                                            conditions and our market position.

30

Results of Operations

The following table sets forth key components
of our results of operations during the three months ended March 31, 2024 and 2023 both in dollars and as a percentage of our revenues.

    Three Months Ended March 31, 

    2024  
    2023 (Restated) 

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

    Sales 
    $18,781  
     99.8% 
    $15,971  
     100.0%
  
    Sales – related parties 
     46  
     0.2% 
     —  
     —%
  
    Total sales