Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 46

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part II, Item 8
Chunk 46
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.3% 
     183  
     0.9%
  
    Realized gain on investments 
     103  
     0.5% 
     77  
     0.4%
  
    Total other income 
     145  
     0.7% 
     462  
     2.3%

    (LOSS) INCOME BEFORE INCOME TAXES 
     (2,039) 
     (10.1)% 
     1,129  
     5.7%

    Provision (benefit) for income taxes 
     (1) 
     —% 
     (136) 
     (0.7)%

    NET (LOSS) INCOME 
    $(2,038) 
     (10.1)% 
    $1,265  
     6.4%

35

Sales

Sales consist
primarily of the selling price of the merchandise, service or outbound shipping and handling charges, less discounts, coupons redeemed,
returns and credits. Sales by segment were as follows:

    Three Months Ended
September 30,  
       
    Three Months Ended
    September 30,  
       
    Increase / (Decrease) 

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 
  
    Stran 
    $16,656  
     82.7% 
    $19,674  
     100% 
    $(3,018) 
     (15.3)%
  
    SLS 
     3,488  
     17.3% 
     —  
     —% 
     3,488  
     100.0%
  
    Total sales 
    $20,144  
     100.0% 
    $19,674  
     100% 
    $470  
     2.4%

Our total
sales increased 2.4% to approximately $20.1 million
for the three months ended September 30, 2024, from approximately $19.7 million
for the three months ended September 30, 2023. For the Stran segment, the decrease
was primarily due to lower spending from new and existing clients. For the SLS segment, the increase was due to