2022 Q3 Form 10-Q Financial Statement

#000121390022047729 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $13.58M $14.81M $12.26M
YoY Change 24.01% 72.51% 62.5%
Cost Of Revenue $9.329M $11.05M $9.041M
YoY Change 29.15% 71.57% 72.14%
Gross Profit $4.247M $3.760M $3.218M
YoY Change 14.03% 75.32% 40.43%
Gross Profit Margin 31.29% 25.39% 26.25%
Selling, General & Admin $4.896M $4.232M $4.024M
YoY Change 82.08% 41.14% 52.12%
% of Gross Profit 115.28% 112.55% 125.05%
Research & Development $1.400M
YoY Change
% of Gross Profit 32.96%
Depreciation & Amortization $187.4K $165.2K $144.3K
YoY Change 28.48% 60.06% 70.81%
% of Gross Profit 4.41% 4.39% 4.48%
Operating Expenses $4.896M $4.232M $4.024M
YoY Change 82.08% 41.14% 52.12%
Operating Profit -$649.0K -$472.0K -$806.1K
YoY Change -162.67% -44.72% 127.86%
Interest Expense $12.80K $2.411K -$3.730K
YoY Change -148.74% -91.05% -71.0%
% of Operating Profit
Other Income/Expense, Net -$213.6K $23.78K $86.92K
YoY Change -3448.34%
Pretax Income -$862.7K -$489.7K -$722.9K
YoY Change -184.93% 342.13% 97.18%
Income Tax -$174.5K -$42.21K -$177.1K
% Of Pretax Income
Net Earnings -$688.2K -$447.4K -$545.8K
YoY Change -195.07% 164.93% 88.16%
Net Earnings / Revenue -5.07% -3.02% -4.45%
Basic Earnings Per Share -$0.03 -$0.02 -$0.03
Diluted Earnings Per Share -$0.02 -$0.01 -$27.21K
COMMON SHARES
Basic Shares Outstanding 19.14M shares 19.97M shares 20.06M shares
Diluted Shares Outstanding 31.38M shares 31.68M shares 20.06M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.98M $28.20M $40.00M
YoY Change 2656.46% 11924.35% 7681.53%
Cash & Equivalents $12.30M $28.20M $40.00M
Short-Term Investments $9.684M
Other Short-Term Assets $1.289M $1.412M $1.710M
YoY Change -71.23% 142.8% 306.51%
Inventory $7.118M $5.958M $6.147M
Prepaid Expenses
Receivables $10.30M $11.34M $9.845M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $40.69M $46.91M $57.71M
YoY Change 210.31% 368.74% 619.67%
LONG-TERM ASSETS
Property, Plant & Equipment $804.6K $696.8K $1.670M
YoY Change -54.53% -61.27% -9.48%
Goodwill
YoY Change
Intangibles $5.459M $3.980M
YoY Change
Long-Term Investments $11.68M $231.8M $231.5M
YoY Change -94.96%
Other Assets $2.166M $22.92K $91.67K
YoY Change -82.94% 65.26%
Total Long-Term Assets $7.128M $5.619M $5.783M
YoY Change 89.91% 37.91% 41.8%
TOTAL ASSETS
Total Short-Term Assets $40.69M $46.91M $57.71M
Total Long-Term Assets $7.128M $5.619M $5.783M
Total Assets $47.81M $52.53M $63.49M
YoY Change 183.51% 273.02% 424.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.847M $1.788M $4.003M
YoY Change -50.95% -62.63% 45.48%
Accrued Expenses $1.018M $1.100M $1.026M
YoY Change -16.56% -6.1% -25.56%
Deferred Revenue
YoY Change
Short-Term Debt $162.4K $162.4K $162.4K
YoY Change -95.57% -94.52% -91.04%
Long-Term Debt Due $1.781M $1.599M $1.573M
YoY Change 102.63% 92.38% 164.72%
Total Short-Term Liabilities $6.598M $10.47M $18.70M
YoY Change -49.19% 0.65% 161.22%
LONG-TERM LIABILITIES
Long-Term Debt $2.201M $1.241M $1.489M
YoY Change 96.13% -21.08% -42.29%
Other Long-Term Liabilities $539.7K $623.2K $704.6K
YoY Change -37.53% -33.89% -30.88%
Total Long-Term Liabilities $2.741M $1.864M $2.193M
YoY Change 37.98% -25.89% -39.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.598M $10.47M $18.70M
Total Long-Term Liabilities $2.741M $1.864M $2.193M
Total Liabilities $9.339M $12.33M $20.90M
YoY Change -37.62% -4.52% 94.23%
SHAREHOLDERS EQUITY
Retained Earnings $180.6K $868.7K
YoY Change
Common Stock $1.854K $1.915K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $38.47M $40.20M $42.59M
YoY Change
Total Liabilities & Shareholders Equity $47.81M $52.53M $63.49M
YoY Change 183.51% 273.02% 424.84%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$688.2K -$447.4K -$545.8K
YoY Change -195.07% 164.93% 88.16%
Depreciation, Depletion And Amortization $187.4K $165.2K $144.3K
YoY Change 28.48% 60.06% 70.81%
Cash From Operating Activities -$3.907M -$9.707M $7.099M
YoY Change 478.55% 673.22% 18257.23%
INVESTING ACTIVITIES
Capital Expenditures -$160.6K -$101.9K -$627.9K
YoY Change 67.03% 7.01% 410.16%
Acquisitions
YoY Change
Other Investing Activities -$9.930M
YoY Change -95.71%
Cash From Investing Activities -$10.09M -$101.9K -$627.9K
YoY Change 10396.4% 7.01% 410.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.908M -1.994M 1.307M
YoY Change -242.99% -286.12% -2783.42%
NET CHANGE
Cash From Operating Activities -3.907M -9.707M 7.099M
Cash From Investing Activities -10.09M -101.9K -627.9K
Cash From Financing Activities -1.908M -1.994M 1.307M
Net Change In Cash -15.91M -11.80M 7.778M
YoY Change -2925.69% 4121.97% -5942.55%
FREE CASH FLOW
Cash From Operating Activities -$3.907M -$9.707M $7.099M
Capital Expenditures -$160.6K -$101.9K -$627.9K
Free Cash Flow -$3.746M -$9.606M $7.727M
YoY Change 546.85% 727.9% 4676.91%

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us-gaap Concentration Risk Credit Risk
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6.Concentration of Credit Risk - Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable and deposits in excess of federally insured limits. These risks are managed by performing ongoing credit evaluations of customers’ financial condition and by maintaining all deposits in high quality financial institutions.
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dei Document Type
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10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
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2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-41038
dei Entity Registrant Name
EntityRegistrantName
STRAN & COMPANY, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
04-3297200
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dei Entity Address Address Line1
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2 Heritage Drive
dei Entity Address Address Line2
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Suite 600
dei Entity Address City Or Town
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Quincy
dei Entity Address State Or Province
EntityAddressStateOrProvince
MA
dei Entity Address Postal Zip Code
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02171
dei City Area Code
CityAreaCode
800
dei Local Phone Number
LocalPhoneNumber
833-3309
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
STRN
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
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Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
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true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
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false
dei Entity Shell Company
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Assets
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us-gaap Use Of Estimates
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19.Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
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us-gaap Debt Instrument Interest Rate During Period
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strn Purchase Price Percentage
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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Prepaid Rent
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CY2022Q2 strn Operating Leases Future Minimum Payment Due In Two Years
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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OperatingLeasesFutureMinimumPaymentDueInThreeYears
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CY2022Q2 strn Operating Lease Future Minimum Payments Due
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CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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strn Warrant Exercised
WarrantExercised
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WarrantsOutstanding
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
4.81
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
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CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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CY2022Q2 us-gaap Shares Issued Price Per Share
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CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2022Q2 us-gaap Stock Issued During Period Value New Issues
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
Option awards are generally granted with an exercise price equal to the fair value of the Company’s stock at the date of grant; those options generally vest based on four years of continuous service and have 10-year contractual terms. 
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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strn Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
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strn Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Forfeited Or Expired And Other Adj
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeitedOrExpiredAndOtherAdj
64740 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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us-gaap Increase Decrease In Due From Related Parties
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-458974 usd
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EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10000000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31683717 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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10000000 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
41611619 usd
CY2022Q1 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
1307362 usd
CY2022Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
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CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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NetIncomeLoss
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CY2022Q2 us-gaap Stockholders Equity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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strn Reduction In Wildman Earn Out Payment
ReductionInWildmanEarnOutPayment
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-56930 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-151841 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-231980 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
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us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19971552 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31683717 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10000000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q2 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
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CY2022Q2 strn Shares Held In Employee Stock Warrants
SharesHeldInEmployeeStockWarrants
1638000 shares
CY2022Q2 us-gaap Shares Held In Employee Stock Option Plan Suspense Shares
SharesHeldInEmployeeStockOptionPlanSuspenseShares
11712195 shares
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
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us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-65383 usd
strn Increase Decrease In Account Payable And Accrued Liabilities
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strn Increase Decrease In Account Payable And Accrued Liabilities
IncreaseDecreaseInAccountPayableAndAccruedLiabilities
1517519 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
904537 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-16291 usd
strn Rewards Program Liability
RewardsProgramLiability
-3875000 usd
strn Rewards Program Liability
RewardsProgramLiability
129392 usd
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
164637 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
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us-gaap Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
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us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
203700 usd
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-155418 usd
us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
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us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
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us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2022Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
386700 usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Other
DeferredTaxAssetsTaxCreditCarryforwardsOther
128275 usd
us-gaap Advertising Expense
AdvertisingExpense
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us-gaap Advertising Expense
AdvertisingExpense
56771 usd
strn Major Revenues Percentage
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0.11 pure
strn Accounts Receivable Percentage
AccountsReceivablePercentage
0.13 pure
strn Major Revenues Percentage
MajorRevenuesPercentage
0.12 pure
strn Accounts Receivable Percentage
AccountsReceivablePercentage
0.18 pure
us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
175000 usd
strn Purchase Agreement Description
PurchaseAgreementDescription
At the Closing, the Company will also issue the Restricted Shares in an amount equal to the quotient of $100,000 divided by the daily volume-weighted average price of the Company’s common stock on the Nasdaq Capital Market for the five trading days prior to the Closing Date. Following the Closing, the Company will make four annual installment payments (each, an “Installment Payment,” and severally, the “Installment Payments”) to the Seller, consisting of (i) $37,500 within 45 days of the first anniversary of the Closing Date, (ii) $37,500 within 45 days of the second anniversary of the Closing Date, (iii) $25,000 within 45 days of the third anniversary of the Closing Date, and (iv) $25,000 within 45 days of the fourth anniversary of the Closing Date. The Company will also make the Earnout Payments subsequent to closing, if applicable.
CY2021Q2 us-gaap Other Expenses
OtherExpenses
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us-gaap Other Expenses
OtherExpenses
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
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strn Reduction In Wildman Earn Out Payment
ReductionInWildmanEarnOutPayment
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Payments To Acquire Intangible Assets
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strn Note Payable Line Of Credits
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us-gaap Repayments Of Notes Payable
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us-gaap Increase Decrease In Accounts Receivable Related Parties
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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strn Cost Of Intangible Asset Customer List
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strn Restricted Stock
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strn Wildman Contingent Earn Out
WildmanContingentEarnOut
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us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
218321 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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strn Note Payable Line Of Credits
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us-gaap Repayments Of Notes Payable
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1975000 usd
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IncreaseDecreaseInAccountsReceivableRelatedParties
127581 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1993610 usd
us-gaap Proceeds From Warrant Exercises
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-412695 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
647235 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234540 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
39806 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
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strn Cost Of Intangible Asset Customer List
CostOfIntangibleAssetCustomerList
2275290 usd
strn Restricted Stock
RestrictedStock
-100000 usd
strn Wildman Contingent Earn Out
WildmanContingentEarnOut
-1635000 usd
strn Cash Used For Purchase Of Intangible Asset Customer List
CashUsedForPurchaseOfIntangibleAssetCustomerList
540290 usd
strn Cost Of Wildman Inventory
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strn Working Capital
WorkingCapital
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strn Additional Acquisition Costs In Ap
AdditionalAcquisitionCostsInAP
-62433 usd
strn Cash Used For Purchase Wildman Inventory
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strn Cash Used For Purchase Of Intangible Asset Customer List
CashUsedForPurchaseOfIntangibleAssetCustomerList
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strn Cost Of Wildman Inventory
CostOfWildmanInventory
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strn Working Capital
WorkingCapital
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strn Additional Acquisition Costs In Ap
AdditionalAcquisitionCostsInAP
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strn Cash Used For Purchase Wildman Inventory
CashUsedForPurchaseWildmanInventory
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CY2022Q2 strn Operating Leases Future Minimum Payment Due In Four Years
OperatingLeasesFutureMinimumPaymentDueInFourYears
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CY2022Q2 strn Operating Leases Future Minimum Payment Due In Five Years
OperatingLeasesFutureMinimumPaymentDueInFiveYears
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
strn Weighted Average Life Years Beginning Balance
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us-gaap Concentration Risk Credit Risk
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6.Concentration of Credit Risk - Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of accounts receivable and deposits in excess of federally insured limits. These risks are managed by performing ongoing credit evaluations of customers’ financial condition and by maintaining all deposits in high quality financial institutions.
us-gaap Use Of Estimates
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19.Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
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ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
Option awards are generally granted with an exercise price equal to the fair value of the Company’s stock at the date of grant; those options generally vest based on four years of continuous service and have 10-year contractual terms. 
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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strn Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Forfeited Or Expired And Other Adj
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
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us-gaap Earnings Per Share Basic
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us-gaap Income Loss From Continuing Operations
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us-gaap Advertising Expense
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strn Major Revenues Percentage
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strn Major Revenues Percentage
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us-gaap Supplemental Deferred Purchase Price
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strn Purchase Agreement Description
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At the Closing, the Company will also issue the Restricted Shares in an amount equal to the quotient of $100,000 divided by the daily volume-weighted average price of the Company’s common stock on the Nasdaq Capital Market for the five trading days prior to the Closing Date. Following the Closing, the Company will make four annual installment payments (each, an “Installment Payment,” and severally, the “Installment Payments”) to the Seller, consisting of (i) $37,500 within 45 days of the first anniversary of the Closing Date, (ii) $37,500 within 45 days of the second anniversary of the Closing Date, (iii) $25,000 within 45 days of the third anniversary of the Closing Date, and (iv) $25,000 within 45 days of the fourth anniversary of the Closing Date. The Company will also make the Earnout Payments subsequent to closing, if applicable.
dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001872525

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