Stran & Company (SWAG) 8-K/A AUDITED financial statements

Exhibit 99.3

STRAN & COMPANY, INC. AND T R MILLER CO., INC.

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT

AS OF AND FOR THE 12 MONTHS ENDED DECEMBER 31, 2022

	Stran & Company, Inc.		T R Miller Co., Inc.		Pro Forma Adjusting Entries			Pro Forma Combined Balances
Assets
Current assets
Cash	$	15,253,756	$	2,024,486	$	(4,178,716	)(a) (e)	$	13,099,526
Short-Term Investments		9,779,355		-		-			9,779,355
Accounts Receivable, Net		14,442,626		2,115,748		(388,372	)(b)		16,170,002
Deposits		-		5,270		(5,270	)(b)		-
Due from Stockholders, Current		-		350,000		-	(a)		350,000
Deferred Income Taxes		841,000		-		-			841,000
Inventory		6,867,564		312,352		(111,674	)		7,068,242
Notes Receivable, Current		-		2,500		(2,500	)(a)		-
Prepaid Corporate Taxes		87,459		51,718		(57,718	)(a)		87,459
Prepaid Expenses		386,884		7,278		(2,147	)(b)		392,015
Security Deposits		910,486		-		-			910,486
Total current assets		48,569,130		4,869,352		(4,740,397	)		48,698,085
Property and Equipment, Net		1,000,090		151,838		(151,838	)(b)		1,000,090
Other Assets
Due from Stockholder, Net of Current Portion		-		702,781		(702,781	)(a)		-
Intangible Assets - Customer Lists, Net		6,272,205		-		4,995,985	(c)		11,268,190
Note Receivable, Net of Current Portion		-		71,019		(71,019	)(a)		-
Right of Use Asset - Office Leases		784,683		-		-			784,683
Total Other Assets		7,056,888		773,800		4,222,185			3,426,070
Total assets	$	56,626,108	$	5,835,323	$	(710,383	)	$	61,751,048
Liabilities and shareholders’ equity
Current liabilities
Current Portion of Contingent Earn-Out Liabilities	$	1,809,874	$	-	$	-	(g)	$	1,809,874
Current Portion of Lease Liability		324,594		-		-			324,594
Accounts Payable and Accrued Expenses		4,051,657		237,693		149,933	(b)		4,439,283
Accrued Payroll and Related		608,589		299,886		(172,516	)(b)		735,959
Due to Stockholder		-		37,805		(37,805	)(a)		-
Unearned Revenue		633,148		340,512		(45,394	)(b)		928,266
Rewards Program Liability		6,000,000		-		-			6,000,000
Sales Tax Payable		365,303		72,852		(72,852	)(a)		365,303
Income tax payable		162,358		-		-			162,358
Total current liabilities		13,955,523		988,748		(178,634	)		14,765,637
Long-term liabilities
Long-Term Contingent Earn-Out Liabilities		2,845,944		-		4,551,095	(g)		7,397,039
Long- Term Lease Liability		460,089		-		-			460,089
Total Long-Term Liabilities		3,306,033		-		4,551,095			7,857,128
Shareholders’ equity
Common Stock		1,848		8,830		(8,830	)		1,848
Additional Paid-In Capital		38,279,151		-		-			38,279,151
Retained Earnings		1,083,553		4,797,412		(4,797,412	)		1,083,553
Total Stockholders’ Equity		39,364,552		4,846,575		(4,846,575	)		39,364,552
Total Liabilities and Stockholders’ equity	$	56,626,108	$	5,835,323	$	(474,114	)	$	61,987,317

	Stran & Company, Inc.			T R Miller Co., Inc.			Pro Forma Adjustments			Pro Forma Combined Balances
Sales	$	58,953,467		$	19,320,747		$	-		$	78,274,214
Cost of Sales		42,383,793			13,778,785			-			56,162,578
Gross profit		16,569,674			5,541,962						22,111,636
Operating Expenses		18,075,369			4,532,784			555,110	(f)		23,163,263
Earnings (Loss) from Operations		(1,505,695	)		1,009,178			(555,110	)		(1,051,627	)
Other Income and (Expense)
Other Income (Expense)		112,507			(33,153	)		-			79,354
Interest Income (Expense)		94,680			40,093			-			134,773
Unrealized Gain (Loss) on Short-Term Investments		(179,120	)		-			-			(179,120	)
		28,067			6,940						35,007
Earnings (Loss) Before Income Taxes		(1,477,628	)		1,016,118			(555,110	)		(1,016,620	)
Provision for Income Taxes		(699,187	)		245,262			-			(453,925	)
Net Earnings (Loss)		(778,441	)		770,856			(551,110	)		(562,695	)
Net Earnings (Loss) Per Share - Basic & Diluted	$	(0.04	)	$	-		$	-		$	(0.03	)
Weighted-Average Shares Outstanding - Basic & Diluted		19,202,619									19,202,619