Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 2740

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 16
Chunk 2740
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 FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(4,140) 
    $(385)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Depreciation and amortization 
     824  
     772 
  
    Adjustment to reconcile operating lease expense to cash paid 
     12  
     8 
  
    Change in allowance for credit losses 
     211  
     (174)
  
    Change in allowance for credit losses – related parties 
     327  
     — 
  
    Change in fair value of contingent earn-out liability 
     (208) 
     (65)
  
    Gain on extinguishment of debt 
     —  
     (162)
  
    Goodwill impairment 
     —  
     810 
  
    Noncash interest accretion 
     125  
     11 
  
    Stock-based compensation 
     128  
     200 
  
    Unrealized gain (loss) on investments 
     3  
     167 
  
    Changes in operating assets and liabilities: 

    Accounts receivable, net 
     (263) 
     (677)
  
    Accounts receivable – related parties, net 
     (148) 
     (853)
  
    Inventory 
     333  
     2,027 
  
    Prepaid corporate taxes 
     33  
     25 
  
    Prepaid expenses 
     (425) 
     (561)
  
    Deposits 
     1,367  
     (807)
  
    Other Assets 
     (455) 
     — 
  
    Accounts payable and accrued expenses 
     60  
     104 
  
    Accrued payroll and related 
     (1,291) 
     1,958 
  
    Unearned revenue 
     1,159  
     198 
  
    Rewards program liability 
     5,125  
     (5,125)
  
    Sales tax payable 
     (17) 
     (21)
  
    Net cash provided by (used in) operating activities 
     2,760  
     (2,550)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Business acquisitions, net of cash