Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 372

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 372
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     100.0%
  
    Total operating expenses 
    $9,474  
     100.0% 
    $6,575  
     100.0% 
    $2,899  
     44.1%

Operating expenses consist of general and administrative
expenses. Our total operating expenses increased 44.1% to approximately $9.5 million for the three months ended June 30, 2025, from approximately
$6.6 million for the three months ended June 30, 2024. Operating expenses of our Stran segment increased to approximately $7.4 million
for the three months ended June 30, 2025 from approximately $6.6 million for the three months ended June 30, 2024. Operating expenses
of our SLS segment increased to approximately $2.1 million for the three months ended June 30, 2025 from $0 for the three months ended
June 30, 2024. As a percentage of sales, operating expenses decreased to 29.1% for the three months ended June 30, 2025, from 39.4% for
the three months ended June 30, 2024. As a percentage of sales, operating expenses of our Stran segment decreased to 34.1% for the three
months ended June 30, 2025 from 39.4% for the three months ended June 30, 2024. As a percentage of sales, operating expenses of our SLS
segment were 19.0% for the three months ended June 30, 2025. For the Stran segment, the increase in the dollar amount of operating expenses
was primarily due to variable costs incurred due to our higher sales and expenses related to Stran’s NetSuite enterprise resource planning
system implementation, and legal and accounting expenses. For the SLS segment, the increase in the dollar amount of operating expenses
was due to the acquisition of the Gander Group Assets in 2024.

Other Income

Other income consists of other income, interest
income, and realized gain on investments. Our other income was approximately $285 thousand for the three months ended June 30, 2025,
compared to approximately $1 thousand for the three months ended June 30, 2024. This change was primarily related to cost recoveries
from prior periods for estimated shipping charges. Our interest income was approximately $77 thousand for the