Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 341

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 341
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 on a Recurring Basis

The Company follows the guidance in
ASC 820, Fair Value Measurement, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting
period. The estimated fair value of the Company’s investments and money market accounts represent Level 1 measurements. The estimated
fair value of the earn-out liabilities represents Level 3 measurements. There were no transfers between levels within the fair value measurement
hierarchy during the quarter ended June 30, 2025. The following table presents information about the Company’s assets and liabilities
that are measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024, and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

    Description 
    Level  
    June 30,
 2025  
    December 31,
 2024 
  
    Assets: 

    Investments 
    1  
    $4,997  
    $8,856 

    Liabilities: 

    Earn-out liabilities 
    3  
    $560  
    $711 

Investments

The Company’s investments consisted
of the following as of June 30, 2025:

    Cost  
    Unrealized Gain  (Loss)  
    Fair Value 
  
    Money market fund 
    $1,363  
    $—  
    $1,363 
  
    Corporate bonds 
     2,562  
     7  
     2,569 
  
    Mutual funds 
     267  
     —  
     267 
  
    US Treasury bills 
     798  
     —  
     798 

    $4,990  
    $7  
    $4,997 

The Company’s investments consisted
of the following as of December 31, 2024:

    Cost  
    Unrealized Gain  (Loss)  
    Fair Value 
  
    Money market fund 
    $4,843  
    $—  
    $4,843 
  
    Corporate bonds 
     2,958  
     (6) 
     2,952 
  
    Mutual funds 
     267  
     —  
     267 
  
    US Treasury bills 
     798  
     (4)