Stran & Co Inc 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 001-41038 (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 11, 2026, there were a total of 18,770,157shares of the registrant’s common stock outstanding. STRAN & COMPANY, INC. Quarterly Report on Form 10-QPeriod Ended March 31, 2026 TABLE OF CONTENTS PagePART IFINANCIAL INFORMATIONItem 1.Financial Statements1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosure About Market Risk30Item 4.Controls and Procedures30PART IIOTHER INFORMATIONItem 1.Legal Proceedings31Item 1A.Risk Factors31Item 2.Unregistered Sales of Equity Securities and Use of Proceeds31Item 3.Defaults Upon Senior Securities31Item 4.Mine Safety Disclosures31Item 5.Other Information31Item 6.Exhibits32 PART I FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS. STRAN & COMPANY, INC.UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Page Condensed Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31, 20252Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (unaudited)3Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended March 31, 2026 and2025 (unaudited)4Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2026 and 2025(unaudited)5Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (unaudited)6Notes to the Unaudited Condensed Consolidated Financial Statements8 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. STRAN & COMPANY, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSTHREE MONTHS ENDED MARCH 31, 2026 AND 2025(in thousands, except share and per share amounts)(unaudited) STRAN & COMPANY, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)THREE MONTHS ENDED MARCH 31, 2026 AND 2025(in thousands)(unaudited) 20262025Net income (loss)$744$(393) STRAN & COMPANY, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITYTHREE MONTHS ENDED MARCH 31, 2026 AND 2025(in thousands, except share amounts)(unaudited) STRAN & COMPANY, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSTHREE MONTHS ENDED MARCH 31, 2026 AND 2025(in thousands)(unaudited) STRAN & COMPANY, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSTHREE MONTHS ENDED MARCH 31, 2026 AND 2025(CONTINUED)(in thousands)(unaudited) STRAN & COMPANY, INC.NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(in thousands, except share and per share amounts) A.DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION: Description of Business Stran & Company, Inc. was incorporated under the laws of the Commonwealth of Massachusetts and commenced operations onNovember 17, 1995. The Company re-incorporated under the laws of the State of Nevada on May 24, 2021. On August 23, 2024, Stran Loyalty Solutions, LLC, a Nevada limited liability company (the “Purchaser” or “Stran LoyaltySolutions”), a wholly-owned subsidiary of the Comp