Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 97

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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 in accordance with accounting principles generally accepted in the United States of America. (“U.S.
GAAP”).

4.Basis of Presentation - The accompanying unaudited condensed consolidated financial statements as of and
for the three and nine months ended September 30, 2025, include the accounts of the Company and have been prepared by the Company, without
audit, pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited condensed consolidated financial
statements should be read in conjunction with the audited financial statements and the notes thereto included in our Annual Report on
Form 10-K filed with the Securities and Exchange Commission on April 14, 2025.

Certain information and footnote disclosures
normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or
omitted pursuant to such rules and regulations, and we believe that the disclosures are adequate to make the information presented not
misleading. In our opinion, all adjustments (consisting solely of normal recurring adjustments) necessary to state fairly the information
in the following unaudited condensed consolidated financial statements of the Company have been included. The results of operations for
interim periods are not necessarily indicative of the results for the full year.

5.Principles of Consolidation - The Company’s unaudited condensed consolidated financial statements
include the accounts of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

8

STRAN & COMPANY, INC.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

6.Use of Estimates - The Company prepares its unaudited condensed consolidated financial statements in accordance
with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
at the date of the financial statements, and revenue and expenses during the reporting period. Actual results could differ from those
estimates.

7.Fair Value Measurements and Fair Value of Financial Instruments - The Company follows the guidance in
ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period. 

The fair value of the Company’s
financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with
the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants
at the measurement date. In connection with measuring the fair value of its assets