Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 35

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 35
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s in or the loss of access to software or services from third parties could increase our costs and adversely affect the
quality of our products.

We rely on technologies from third parties to
operate critical functions of our business, including cloud infrastructure services, payment processing services, certain aspects of distribution
center automation and customer relationship management services. Our business would be disrupted if any of the third-party software or
services we utilize, or functional equivalents thereof, were unavailable due to extended outages or interruptions or because they are
no longer available on commercially reasonable terms or prices. In each case, we would be required to either seek licenses to software
or services from other parties and redesign our business and marketplace to function with such software or services or develop these components
ourselves, which would result in increased costs and could result in delays in the launch of new offerings on our marketplace until equivalent
technology can be identified, licensed or developed, and integrated into our business and marketplace. Furthermore, we might be forced
to limit the features available in our current or future products. These delays and feature limitations, if they occur, could harm our
business, results of operations and financial condition.

Failure to comply with data privacy and
security laws and regulations could adversely affect our operating results and business. 

In the ordinary course of our business, we might
collect and store in our internal and external data centers, cloud services and networks sensitive data, including our proprietary business
information and that of our customers, suppliers and business collaborators, as well as personal information of our customers and employees.
The secure processing, maintenance and transmission of this information is critical to our operations and business strategy. The number
and sophistication of attempted attacks and intrusions that companies have experienced from third parties has increased over the past
few years. Despite our security measures, it is impossible for us to eliminate this risk.

U.S. federal data privacy laws include the CAN-SPAM
Act, which, among other things, restricts data collection and use in connection with CAN-SPAM Act’s opt-out process requirements
for senders of commercial emails; and COPPA, which regulates the collection of information by operators of websites and other electronic
solutions that are directed to children under 13 years of age, although our website and app user terms of service and privacy policy expressly
prohibit children under 13 from submitting information to or on our website or app. These laws and regulations promulgated under these
laws restrict our collection, processing, storage, use and disclosure of personal