Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 177

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 177
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 term in nature. The fair value of stock options and warrants are estimated based on the Black-Scholes model during the years ended December 31, 2023 and 2022.

Fair Value on a Recurring Basis

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, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. 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 represent Level 3 measurements. The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at periods ended December 31, 2023 and 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

|                      | Description |   | Level |           | December 31, 
         2023 |     |           | December 31, 
         2022 |
|:---------------------|:------------|--:|:------|:----------|-------------:|:----|:----------|-------------:|
|                      |             |   |       | -Restated |              |     | -Restated |              |
| Assets:              |             |   |       |           |              |     |           |              |
| Investments          |             | 1 |       | $         |       10,393 |     | $         |        9,779 |
| Liabilities:         |             |   |       |           |              |     |           |              |
| Earn-out liabilities |             | 3 |       | $         |          987 |     | $         |        1,226 |

F-22 STRAN & COMPANY, INC.
NOTES TO THE RESTATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

Investments

|                   |     | Cost       
 (Restated) |        |     | Unrealized 
 Gain       
 (Restated) |     |     | Fair       
 Value      
 (Restated) |        |
|:------------------|:----|:-----------|-------:|:----|:-----------|----:|:----|:-----------|-------:|
| Money market fund |     | $          |    947 |     | $          |   — |     | $          |