| Schedule of Information about Reported Segments |
The table below presents information
about reported segments for the year ended December 31, 2024 and 2023
| |
|
December 31, 2024 |
|
|
December 31, 2023 |
|
| |
|
Stran |
|
|
SLS |
|
|
Total |
|
|
Stran |
|
|
SLS |
|
|
Total |
|
| Sales |
|
$ |
72,712 |
|
|
$ |
9,942 |
|
|
$ |
82,654 |
|
|
$ |
76,000 |
|
|
$ |
— |
|
|
$ |
76,000 |
|
| Gross profit |
|
|
23,742 |
|
|
|
2,071 |
|
|
|
25,813 |
|
|
|
24,852 |
|
|
|
— |
|
|
|
24,852 |
|
| Operating loss |
|
$ |
(3,844 |
) |
|
$ |
(1,050 |
) |
|
$ |
(4,894 |
) |
|
$ |
(1,268 |
) |
|
$ |
— |
|
|
$ |
(1,268 |
) |
|
| Schedule of total Segment Revenues to total Consolidated Revenues and of Total Segment Gross Margin and Segment Operating Income (Loss) |
A reconciliation of total segment revenues
to total consolidated revenues and of total segment gross margin and segment operating income (loss) which aggregates to total consolidated
income (loss) from operations, for the year ended December 31, 2024, is as follows:
| |
|
For the Year ended December 31, 2024 |
|
| |
|
Stran |
|
|
SLS |
|
|
Total |
|
| Sales from external customers |
|
$ |
72,712 |
|
|
$ |
9,942 |
|
|
$ |
82,654 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Less: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
48,970 |
|
|
|
7,871 |
|
|
|
56,841 |
|
| Segment gross margin |
|
|
23,742 |
|
|
|
2,071 |
|
|
|
25,813 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Less(1): |
|
|
|
|
|
|
|
|
|
|
|
|
| Segment selling expenses (2) |
|
|
4,987 |
|
|
|
724 |
|
|
|
5,711 |
|
| Other segment expenses (3) |
|
|
22,599 |
|
|
|
2,397 |
|
|
|
24,996 |
|
| Segment operating loss |
|
|
(3,844 |
) |
|
|
(1,050 |
) |
|
|
(4,894 |
) |
| (1) |
The significant expense categories and amounts align with the segment-level information that is regularly
provided to the CODM. |
| |
|
| (2) |
Selling expenses primarily include commissions, bonuses, travel expenses, and other marketing expenses
that are directly attributed to generating revenues |
| |
|
| (3) |
Other segment expenses for each reportable segment includes: |
| |
|
|
● |
Stran – general and administrative expense, depreciation and amortization expense, and all other
operating expenses not allocated to corporate overhead |
| |
|
|
|
● |
SLS – general and administrative expense, depreciation and amortization expense, and all other operating
expenses incurred at the SLS subsidiary subsequent to the acquisition in August 2024 |
|