Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 85

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 85
---
 amounts or on terms acceptable to us, if at all. Any failure by us to raise additional funds on terms favorable to
us, or at all, could limit our ability to expand our business operations and could harm our overall business prospects.

Summary of Cash Flows

The following table provides detailed information
about our net cash flows for the three months ended March 31, 2025 and 2024.

    Three Months Ended  March 31, 

    2025 (in thousands)  
    2024 (in thousands) 
  
    Net cash (used in) provided by operating activities 
    $(5,891) 
    $2,059 
  
    Net cash provided by (used in) investing activities 
     809  
     (572)
  
    Net cash used in financing activities 
     (40) 
     (60)
  
    Net increase (decrease) in cash 
     (5,122) 
     1,427 
  
    Cash and cash equivalents - beginning 
     9,358  
     8,059 
  
    Cash and cash equivalents - ending 
    $4,236  
    $9,486 

Net cash used in operating activities was approximately
$5.9 million for the three months ended March 31, 2025, as compared to net cash provided by operating activities of approximately $2.1
million for the three months ended March 31, 2024. The change was primarily due to a decrease in rewards program liability.

30

Net cash provided by investing activities was
approximately $0.8 million for the three months ended March 31, 2025, as compared to net cash used in investing activities of approximately
$0.6 million for the three months ended March 31, 2024. The change was primarily due to proceeds from the sale of investments.

Net cash used in financing activities was approximately
$0.04 million for the three months ended March 31, 2025, as compared to approximately $0.1 million for the three months ended March 31,
2024. The decrease in net cash used in financing activities was primarily due to decreased payments of installment payment liabilities.

Debt

On November
22, 2021, we entered into the Revolving Demand Line of Credit Loan Agreement, dated as of November 22, 2021 (the “Initial
Loan Agreement”), between the Company