Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 317

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 317
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. The new lease term begins on June 1, 2025 and expires on May 31, 2032 with an option to extend the
lease an additional five years. The lease contains an initial base rent of $21 per month with 2.2% - 2.5% annual escalations, plus a percentage
of taxes and operating expenses incurred by the lessor in connection with the ownership and management of the property.

27

 ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. 

The following management’s discussion
and analysis of financial condition and results of operations provides information that management believes is relevant to an assessment
and understanding of our plans and financial condition. The following financial information is derived from our financial statements and
should be read in conjunction with such financial statements and notes thereto set forth elsewhere herein.

Use of Terms

Except as otherwise indicated by the context and
for the purposes of this report only, references in this report to “we,” “us,” “our,” “Stran,”
and the “Company” are to Stran & Company, Inc., a Nevada corporation.

Special Note Regarding Forward-Looking Statements

This report contains forward-looking statements
that are based on our management’s beliefs and assumptions and on information currently available to us. All statements other than
statements of historical facts are forward-looking statements. These statements relate to future events or to our future financial performance
and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance
or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied
by these forward-looking statements. Forward-looking statements include, but are not limited to, statements about:

●the expected timing, availability and effects on our stock price and financial
condition of our stock repurchase program;

●our goals and strategies;

●our business development, financial condition and results of operations;

●expected changes in our revenue, costs or expenditures;

●growth and competition trends in our industry;

●our expectations regarding demand for, and market acceptance of, our products
or services;

●our expectations regarding our relationships with investors, institutional
funding sources and other parties with whom we collaborate;

●our expectations regarding the availability and use of financing from our
revolving line of bank credit, other credit facilities, or sales of equity or debt securities;

●future fluctuations in general economic and business conditions in the markets