Stran & Company Inc. (SWAG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2 HERITAGE DRIVE QUINCY, MA 02171 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7311 - Advertising Agencies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 25,033 | 32,227 | |||
| Cash and cash equivalents | 15,254 | 32,227 | |||
| Short-term investments | 9,779 | ||||
| Receivables | 15,284 | 9,096 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,868 | 5,231 | |||
| Inventory | 6,868 | 5,231 | |||
| Prepaid expense | 544 | 87 | |||
| Deposits current assets | |||||
| Other undisclosed current assets | 841 | 923 | |||
| Total current assets: | 48,569 | 47,564 | |||
| Noncurrent Assets | |||||
| Inventory, Noncurrent | 649 | ||||
| Property, plant and equipment | 1,000 | 616 | |||
| Intangible assets, net (including goodwill) | 6,272 | 1,929 | |||
| Intangible assets, net (excluding goodwill) | 6,272 | 1,929 | |||
| Other noncurrent assets | |||||
| Other undisclosed noncurrent assets | 785 | 445 | |||
| Total noncurrent assets: | 8,057 | 3,640 | |||
| TOTAL ASSETS: | 56,626 | 51,203 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 4,052 | 4,983 | |||
| Taxes payable | ✕ | ✕ | 107 | ||
| Employee-related liabilities | ✕ | ✕ | 837 | ||
| Accounts payable | 480 | 2,874 | |||
| Accrued liabilities | 974 | ||||
| Other undisclosed accounts payable and accrued liabilities | 2,598 | 1,166 | |||
| Deferred revenue | 633 | 722 | |||
| Debt | 325 | ||||
| Liability for uncertainty in income taxes | 1,810 | 666 | |||
| Due to related parties | ✕ | 162 | 162 | ||
| Other undisclosed current liabilities | 6,974 | 1,298 | |||
| Total current liabilities: | 13,956 | 7,831 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation, including: | 460 | ||||
| Other undisclosed long-term debt and lease obligation | 460 | ||||
| Liabilities, other than long-term debt | |||||
| Liability for uncertainty in income taxes | |||||
| Operating lease, liability | |||||
| Other undisclosed noncurrent liabilities | 2,846 | 1,761 | |||
| Total noncurrent liabilities: | 3,306 | 1,761 | |||
| Total liabilities: | 17,262 | 9,592 | |||
| Equity | |||||
| Equity, attributable to parent | 39,365 | 41,612 | |||
| Common stock | 2 | 2 | |||
| Additional paid in capital | 38,279 | 39,748 | |||
| Retained earnings | 1,084 | 1,862 | |||
| Total equity: | 39,365 | 41,612 | |||
| TOTAL LIABILITIES AND EQUITY: | 56,626 | 51,203 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 58,953 | 39,703 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (42,384) | (27,867) | ||
| Gross profit: | 16,570 | 11,836 | ||
| Operating expenses | (18,075) | (12,274) | ||
| Operating loss: | (1,506) | (438) | ||
| Nonoperating income (Other Nonoperating income) | 28 | 566 | ||
| Interest and debt expense | 770 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,478) | 898 | ||
| Other undisclosed loss from continuing operations before income taxes | (770) | |||
| Income (loss) from continuing operations before income taxes: | (1,478) | 128 | ||
| Income tax expense (benefit) | 699 | 108 | ||
| Income (loss) from continuing operations: | (778) | 235 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 235 | |
| Net income (loss) available to common stockholders, diluted: | (778) | 235 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net income (loss): | (778) | 235 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (778) | 235 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.