Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 52

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 expenses 
     12,857  
     36.2% 
     12,236  
     36.7%
  
    Total operating expenses 
     12,857  
     36.2% 
     12,236  
     36.7%

    LOSS FROM OPERATIONS 
     (1,777) 
     (5.0)% 
     (1,579) 
     (4.7)%

    OTHER INCOME: 

    Other income 
     16  
     —% 
     17  
     0.1%
  
    Interest income 
     175  
     0.5% 
     284  
     0.9%
  
    Realized gain on investments 
     73  
     0.2% 
     21  
     0.1%
  
    Total other income 
     264  
     0.7% 
     322  
     1.0%

    LOSS BEFORE INCOME TAXES 
     (1,513) 
     (4.3)% 
     (1,257) 
     (3.8)%

    Provision for income taxes 
     3  
     —% 
     151  
     0.5%

    NET LOSS 
    $(1,516) 
     (4.3)% 
    $(1,408) 
     (4.2)%

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.

Our sales
increased 6.4% to approximately $35.5 million
for the six months ended June 30, 2024, from approximately $33.4 million
for the six months ended June 30, 2023. The increase was primarily due to higher spending
from existing clients as well as business from new customers.

34

Cost
of Sales

Our total
cost of sales increased 7.5% to approximately $24.4 million
for the six months ended June 30, 2024, from approximately $22.7 million
for the six months ended June 30, 2023. As a percentage of sales, cost of sales decreased
to 68.8% for the six months ended June 30