Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1183

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 5
Chunk 1183
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    LOSS BEFORE INCOME TAXES 
     (4,135) 
     (344)

    Provision for income taxes 
     5  
     41 

    NET LOSS 
    $(4,140) 
    $(385)

    NET LOSS PER COMMON SHARE 

    Basic and diluted 
    $(0.22) 
    $(0.02)

    WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING 

    Basic and diluted 
     18,587,607  
     18,519,892 

The accompanying notes are an integral part
of these consolidated financial statements.

F-4

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)
INCOME

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands)

    2024  
    2023 
  
    Net loss 
    $(4,140) 
    $(385)

    Other comprehensive income: 

    Change in unrealized gain on investments (net of tax) 
     3  
     167 
  
    Total other comprehensive income 
     3  
     167 

    Comprehensive loss 
    $(4,137) 
    $(218)

The accompanying notes are an integral part
of these consolidated financial statements.

F-5

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands, except share amounts)

    Preferred Stock  
    Common Stock  
    Additional Paid-In  
    Accumulated Other Comprehensive  
    Accumulated  
    Stockholders’ 

    Shares  
    Value  
    Shares  
    Value  
    Capital  
    Loss  
    Deficit  
    Equity 
  
    Balance, January 1, 2023 
     —  
    $—  
     18,475,336  
    $2  
    $38,113  
    $(179) 
    $(2,217) 
     35,719 
  
    Stock-based compensation 
     —  
     —  
     101,173  
     —  
     200  
     —  
     —  
     200 
  
    Stock repurchased and retired