Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 472

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1B
Chunk 472
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     763 
  
    Long-term installment payment liabilities 
     425  
     639 
  
    Long-term lease liability 
     432  
     798 
  
    Total long-term liabilities 
     1,312  
     2,200 
  
    Total liabilities 
     23,507  
     13,386 

    Commitments and contingencies (Note M) 

    STOCKHOLDER’S EQUITY: 

    Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and 2023, respectively 
     —  
     — 
  
    Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,598,574 and 18,539,000 shares issued and outstanding as of December 31, 2024 and 2023, respectively 
     2  
     2 
  
    Additional paid-in capital 
     38,391  
     38,263 
  
    Accumulated deficit 
     (6,742) 
     (2,602)
  
    Accumulated other comprehensive loss 
     (10) 
     (13)
  
    Total stockholders’ equity 
     31,641  
     35,650 
  
    Total liabilities and stockholders’ equity 
    $55,148  
    $49,036 

The accompanying notes are an integral part
of these consolidated financial statements.

F-3

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands, except share and per share amounts)

    2024  
    2023 
  
    SALES 

    Sales 
    $82,194  
    $75,147 
  
    Sales – related parties 
     460  
     853 
  
    Total sales 
     82,654  
     76,000 

    COST OF SALES: 

    Cost of sales 
     56,487  
     50,492 
  
    Cost of sales - related parties 
     354  
     656 
  
    Total cost of sales 
     56,841  
     51,148