Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 145

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 145
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 0.7% 
     462  
     2.3%

    (LOSS) INCOME BEFORE INCOME TAXES 
     (2,039) 
     (10.1)% 
     1,129  
     5.7%

    Provision (benefit) for income taxes 
     (1) 
     —% 
     (136) 
     (0.7)%

    NET (LOSS) INCOME 
    $(2,038) 
     (10.1)% 
    $1,265  
     6.4%

35

Sales

Sales consist
primarily of the selling price of the merchandise, service or outbound shipping and handling charges, less discounts, coupons redeemed,
returns and credits. Sales by segment were as follows:

    Three Months Ended
September 30,  
       
    Three Months Ended
    September 30,  
       
    Increase / (Decrease) 

    2024  
    % of Total  
    2023  
    % of Total  
    $  
    % 
  
    Stran 
    $16,656  
     82.7% 
    $19,674  
     100% 
    $(3,018) 
     (15.3)%
  
    SLS 
     3,488  
     17.3% 
     —  
     —% 
     3,488  
     100.0%
  
    Total sales 
    $20,144  
     100.0% 
    $19,674  
     100% 
    $470  
     2.4%

Our total
sales increased 2.4% to approximately $20.1 million
for the three months ended September 30, 2024, from approximately $19.7 million
for the three months ended September 30, 2023. For the Stran segment, the decrease
was primarily due to lower spending from new and existing clients. For the SLS segment, the increase was due to the acquisition of the
Gander Group Assets in August 2024.

Cost
of Sales

Cost of sales by segment and in total were as
follows:

    Three Months Ended
    September 30,  
       
    Three Months Ended
    September 30