Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 187

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 187
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, our ability to cost-effectively
mitigate some of the effects of current and future scheduled U.S. tariffs may be significantly limited. These trends and uncertainties
may result in additional costs and disruption to our operations, which may have a significant negative effect on the Company’s sales
and gross margins in future periods. As a result, investors should not assume that any trends reflected in our past results, including
those that may be indicated below for the three and nine months ended September 30, 2025 and 2024, respectively, may be expected to continue
to occur in future periods.

Our sales
for the three months ended September 30, 2025 increased 29.0% compared
to sales for the three months ended September 30, 2024, and increased 56.7% for
the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024 which we believe was due to higher
spending from existing clients as well as business from new customers. We also benefited from the acquisition of substantially all of
the assets (the “Gander Group Assets”) of Bangarang Enterprises, LLC, a California limited liability company (d/b/a Gander
Group) (“Gander Group”), in August 2024.

As of September 30, 2025,
we had approximately $50.3 million of total assets with approximately $30.2 million of total stockholders’ equity.

Emerging Growth Company and Smaller Reporting
Company

We qualify as an “emerging growth company”
under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). As a result, we are permitted to, and intend to, rely
on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:

●have an auditor report on our internal control over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act of 2002
(the “Sarbanes-Oxley Act”);

●present three years, and may instead present only two years, of audited financial statements, with correspondingly
reduced “Management’s Discussion and Analysis of Financial Condition and Results of Operations” disclosure in this report;

●comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding
mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the