Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 247

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 247
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 comparable to those of companies
that comply with such new or revised accounting standards.

We will remain an emerging growth company until
the earliest of (i) the last day of the fiscal year following the fifth anniversary of the Company’s initial public offering, (ii) the
last day of the first fiscal year in which our total annual gross revenues are $1.07 billion or more, (iii) the date that we become a
“large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), which would occur if the market value of our common stock that is held by non-affiliates exceeds $700.0 million as of the
last business day of our most recently completed second fiscal quarter or (iv) the date on which we have issued more than $1.0 billion
in non-convertible debt during the preceding three year period.

To the extent that we continue to qualify as a
“smaller reporting company,” as such term is defined in Rule 12b-2 under the Exchange Act, after we cease to qualify as an
emerging growth company, certain of the exemptions and accommodations available to us as an emerging growth company may continue to be
available to us as a smaller reporting company, including as to: (i) the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley
Act; (ii) scaled executive compensation disclosures; (iii) presenting three years of audited financial statements; and (iv) compliance
with certain greenhouse gas emissions disclosure and related third-party assurance requirements.

Principal Factors Affecting Our Financial Performance

Our operating results are primarily affected by
the following factors:

●our ability to acquire new customers or retain existing customers;

●our ability to offer competitive product pricing;

●our ability to broaden product offerings;

●industry demand and competition;

●our ability to leverage technology and use and develop efficient processes;

●our ability to attract and retain talented employees;

●our ability to identify or to complete acquisitions or to successfully integrate the businesses we acquire;
and

●market conditions and our market position.

44

Results of Operations

Comparison of Years Ended December 31, 2024
and 2023

The following table sets forth key components
of our results of operations during the years ended December 31, 2024 and 2023 both in dollars and as a percentage of our revenues.

    Years Ended December 31