Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 301

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 301
---
1,000  
     1,000  
     8 
  
    Purchase of investments 
     (403) 
     (952) 
     (1,355) 
     8 
  
    Net cash used in investing activities 
     (1,723) 
     (1,334) 
     (3,057) 
     1,8 

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Payment of contingent earn-out liabilities 
     (586) 
     162  
     (424) 
     1 
  
    Payment of installment payment liabilities 
     —  
     (175) 
     (175) 
     1 
  
    Net cash used in financing activities 
     (586) 
     (13) 
     (599) 
     1 

    NET DECREASE IN CASH 
     18  
     65  
     83  
     1,3,5,6,7,8,*
  
    CASH - ENDING 
    $15,272  
    $65  
    $15,337  
     1,3,5,6,7,8,*

17

STRAN & COMPANY, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

C.FAIR VALUE MEASUREMENTS:

Fair value measurements discussed herein
are based upon certain market assumptions and pertinent information available to management as of June 30, 2024 and December 31, 2023.
The carrying amount of accounts payable approximated fair value as they are short term in nature. The fair value of stock options are
estimated based on the Black-Scholes model during the six months ended June 30, 2024 and the year ended December 31, 2023.

Fair Value on a Recurring Basis

The Company follows the guidance in
ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period. The estimated
fair value of the Company’s investments and money market accounts represent Level 1 measurements. The estimated fair value of the
earn-out liabilities represent Level 3 measurements. The following table presents information about the Company’s assets and liabilities
that are measured at fair value on a recurring basis as of June