Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1247

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1247
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    Increase / (Decrease) 

      12/31/2024  
    % of Total  
      12/31/2023  
    % of Total  
    $  
    % 

    Stran 
    $27,587  
     89.8% 
    $26,120  
     100.0% 
    $1,467  
     5.6%
  
    SLS 
     3,120  
     10.2% 
     —  
     —% 
     3,120  
     100.0%
  
    Total operating expenses 
    $30,707  
     100.0% 
    $26,120  
     100.0% 
    $4,587  
     17.6%

Operating
expenses consist of general and administrative expenses. Our total operating expenses increased 17.6% to
approximately $30.7 million for the year ended December 31, 2024,
from approximately $26.1 million for the year ended December 31, 2023.
Operating expenses of our Stran segment increased to approximately $27.6 million for the year ended December 31, 2024 from approximately
$26.1 million for the year ended December 31, 2023. Operating expenses of our SLS segment increased
to approximately $3.1 million for the year ended December 31, 2024 from $0 for the year ended December 31, 2023. As
a percentage of sales, operating expenses increased to 37.2% for the year ended December 31, 2024,
from 34.4% for the year ended December 31, 2023. As a percentage of sales, operating expenses
of our Stran segment increased to 37.9% for the year ended December 31, 2024 from 34.4% for the year ended December 31, 2023. As
a percentage of sales, operating expenses of our SLS segment were 31.4% for the year ended December 31, 2024. For
the Stran segment, the increase in the dollar amount of operating expenses was primarily due to expenses related to Stran’s NetSuite enterprise
resource planning system implementation, acquisition and integration of the Gander Group Assets, and legal and accounting expenses