Stran & Company, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2023

Earnings (Loss) Per Share [Abstract]

earnings (loss) per share:

The following table presents the computation of basic and diluted net earnings (loss) per common share as of December 31,:

	2023						2022
	Net Income				Shares		Net Income						Shares
Net Earnings (Loss)	$	35,058				18,519,615	$	(778,441	)				19,202,619

Basic earnings (loss) per share			$	0.00						$	(0.04	)

Effect of dilutive securities:
Warrants						10,074,195							-
Stock Options						859,396							-
	$	35,058				29,453,206	$	(778,441	)				19,202,619

Diluted earnings (loss) per share			$	0.00						$	(0.04	)

For the year ended December 31, 2022, as a result of the net loss for the year, all warrants and stock options have been excluded from the calculation of diluted earnings per share and, therefore, there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding was anti-dilutive. Warrants to purchase 10,074,195 shares of common stock outstanding as of December 31, 2022, and stock options to purchase 453,918 shares of common stock outstanding as of December 31, 2022, were excluded from the computation of diluted earnings per share.