$SWAG

Stran & Company, Inc.

CIK:0001872525|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Sales	$ 33,358	$ 32,577	$ 64,607	$ 61,271
Cost of sales	23,336	22,708	44,942	42,920
GROSS PROFIT	10,022	9,869	19,665	18,351
OPERATING EXPENSES:
General and administrative expenses	9,936	9,474	18,934	18,491
Total operating expenses	9,936	9,474	18,934	18,491
INCOME (LOSS) FROM OPERATIONS	86	395	731	(140)
OTHER INCOME:
Other income (expense), net	165	285	243	280
Interest income	67	77	134	119
Realized gain on investments	10		10	67
Total other income	242	362	387	466
INCOME BEFORE INCOME TAXES	328	757	1,118	326
Provision for income taxes	19	114	65	76
NET INCOME	$ 309	$ 643	$ 1,053	$ 250
NET INCOME PER COMMON SHARE
Basic (in Dollars per share)	$ 0.02	$ 0.03	$ 0.06	$ 0.01
Diluted (in Dollars per share)	$ 0.02	$ 0.03	$ 0.06	$ 0.01
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
Basic (in Shares)	18,725,024	18,592,339	18,679,433	18,600,373
Diluted (in Shares)	18,756,935	18,596,826	18,713,633	18,603,432

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,053	$ 250
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	585	521
Noncash operating lease expense	332	537
Noncash earnout liability adjustmentz	(200)
Provision for credit losses	159	598
Noncash interest accretion	13	23
Stock-based compensation	194	40
Realized gain on short-term investment	(10)
Changes in operating assets and liabilities:
Accounts receivable, net	(3,181)	(4,569)
Accounts receivable – related parties, net		172
Inventory	(3,155)	(1,347)
Prepaid corporate taxes	(39)	29
Prepaid expenses	(732)	(82)
Deposits	(480)	(44)
Other assets	55	252
Accounts payable and accrued expenses	2,637	590
Accrued payroll and related	269	531
Unearned revenue	2,880	395
Rewards program liability	1,500	3,000
Sales tax payable	22	(38)
Corporate taxes payable		9
Operating lease liabilities	(347)	(333)
Net cash provided by operating activities	1,555	534
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property and equipment	(21)	(202)
Proceeds from sale of investments	600	4,400
Purchase of investments	(918)	(493)
Net cash (used in) provided by investing activities	(339)	3,705
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of contingent earn-out liabilities	(86)	(151)
Payment of installment payment liabilities	(200)	(230)
Payment for stock repurchase	(272)	(146)
Repayment of vehicle loan	(3)
Net cash used in financing activities	(561)	(527)
NET CHANGE IN CASH AND CASH EQUIVALENTS	655	3,712
CASH AND CASH EQUIVALENTS - BEGINNING	6,753	9,358
CASH AND CASH EQUIVALENTS - ENDING	7,408	13,070
Cash paid during the period for:
Interest	2	24
Income taxes	61	67
Noncash investing and financing activities:
Right of use assets obtained in exchange for lease liabilities		$ 2,077

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 7,408	$ 6,753
Investments	5,191	4,872
Accounts receivable, net	20,274	17,252
Inventory	10,776	7,621
Prepaid corporate taxes	39
Prepaid expenses	2,510	1,778
Deposits	843	363
Other current assets		2
Total current assets	47,041	38,641
Property and equipment, net	1,615	1,944
OTHER ASSETS:
Intangible assets - customer lists, net	3,446	3,690
Intangible assets - trade name	654	654
Goodwill	2,321	2,321
Other assets		53
Right of use assets	1,773	2,045
Total other assets	8,194	8,763
Total assets	56,850	49,348
CURRENT LIABILITIES:
Accounts payable and accrued expenses	11,205	8,568
Accrued payroll and related	2,238	1,970
Unearned revenue	6,081	3,201
Rewards program liability	3,000	1,500
Sales tax payable	350	327
Current portion of contingent earn-out liabilities	274	105
Current portion of installment payment liabilities	190	230
Current portion of vehicle loan	29
Current portion of lease liabilities	582	602
Total current liabilities	23,949	16,503
LONG-TERM LIABILITIES:
Long-term contingent earn-out liabilities		455
Long-term installment payment liabilities		147
Long-term lease liabilities	1,428	1,695
Long-term vehicle loan	5	47
Total long-term liabilities	1,433	2,344
Total liabilities	25,382	18,847
Commitments and contingencies (Note F)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.0001 par value; 50,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value; 300,000,000 shares authorized, 18,639,589 and 18,508,157 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	2	2
Additional paid-in capital	37,847	37,925
Accumulated deficit	(6,436)	(7,489)
Accumulated other comprehensive income	55	63
Total stockholders’ equity	31,468	30,501
Total liabilities and stockholders’ equity	$ 56,850	$ 49,348