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Stran & Company Inc
2 Heritage Drive, Suite 600
QUINCY, MA  02171  United States Ticker: SWAGSWAG
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards. On September 10, 2024, the Audit Committee of the Board of Directors of Stran & Company Inc, in consultation with the company’s management, concluded that previously issued audited consolidated financial statements as of and for the fiscal years ended December 31, 2023 and December 31, 2022, as well as the company’s previously issued unaudited condensed consolidated financial statements as of and for the fiscal periods ended March 31, 2022, June 30, 2022, September 30, 2022, March 31, 2023, June 30, 2023, and September 30, 2023, should no longer be relied upon. The errors relate primarily to the improper inclusion of certain amounts as accounts receivable and unearned revenues, as well as the incorrect accounting of certain transactions as asset acquisitions that would properly be accounted for as business combinations.
Business Summary
Stran & Company, Inc. is a provider of outsourced marketing solutions. It purchases products and branding through various third-party manufacturers and decorators and resells the finished goods to customers. It offers its clients custom sourcing capabilities and a flexible and customizable e-commerce solution for promoting branded merchandise and other promotional products, managing promotional loyalty and incentives, print collateral, and event assets, order and inventory management, and designing and hosting online retail popup shops, fixed public retail online stores, and online business-to-business service offerings. It also offers creative and merchandising services; warehousing and distribution; print-on-demand; kitting; point of sale displays; and loyalty and incentive programs. It serves industries, such as pharmaceuticals and healthcare, manufacturing, technology, finance, construction and consumer goods. It is also focused on the gaming, casino and entertainment industries.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023YesYes--Yes

Industries
SIC Code Description
7311 Advertising agencies
5199 Nondurable goods, not elsewhere classified
2759 Commercial printing, not elsewhere classified
7372 Prepackaged software
7389 Business services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, Treasurer, Secretary AndrewStranberg 51 1/1/2020 1/1/1995
President, Chief Executive Officer, Co-Founder, Director AndrewShape 49 1/1/1996
Chief Financial Officer DavidBrowner 34 3/27/2023 7/29/2022
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
GAP Promotions, LLC One Washington Street Gloucester MA United States
T.R. Miller Co., Inc. 290 South Street Walpole MA United States
Premier Business Services 1890 Palmer Ave Larchmont NY United States
Trend Branded Products & Services 11002 Mahaffey Road Tomball TX United States

Business Names
Business Name
GAP Promotions, LLC
Premier Business Services
STRN
SWAG
T R Miller Co., Inc.
Trend Branded Products & Services

General Information
Number of Employees: 118 (As of 3/20/2024)
Outstanding Shares: 18,607,329 (As of 3/28/2024)
Shareholders: 66
Stock Exchange: NASD
Federal Tax Id: 043297200


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Wednesday, November 20, 2024