---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-078971"
form_type: "8-K"
ticker: "SWAG"
cik: "0001872525"
company_name: "Stran & Company, Inc."
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:43:10.201248+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Stran & Company restates 2022-2023 financials due to accounting errors

## Summary
- Audit committee concludes FY 2022, 2023, and Q1-Q3 2022/2023 financials should no longer be relied upon.
- Errors include improper accounts receivable and unearned revenue recognition, and incorrect acquisition accounting.
- Restatement will require amendments to 10-K for FY 2023 and 10-Qs for multiple periods.
- Management assessing internal control effectiveness; expects no impact on cash position or overall business.
- Company previously audited by BF Borgers CPA PC; no longer relies on their audit reports.

## SEC filing metadata
- accession: 0001213900-24-078971
- form_type: 8-K
- ticker: SWAG
- cik: 0001872525
- company_name: Stran & Company, Inc.
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872525/000121390024078971/0001213900-24-078971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872525/000121390024078971/ea0214596-8k_stran.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-078971
- JSON: https://secwatch.observer/filing/0001213900-24-078971.json
- Plain text: https://secwatch.observer/filing/0001213900-24-078971.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.