Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 255

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 255
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31, 2025 and in the long-term beyond this period, including our anticipated costs associated with being a public reporting company. We
may, however, in the future require additional cash resources due to changing business conditions, implementation of our strategy to expand
our business, or other investments or acquisitions we may decide to pursue. If our own financial resources are insufficient to satisfy
our capital requirements, we may seek to sell additional equity or debt securities or obtain additional credit facilities. The sale of
additional equity securities could result in dilution to our stockholders. The incurrence of indebtedness would result in increased debt
service obligations and could require us to agree to operating and financial covenants that would restrict our operations. Financing may
not be available in 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.

47

Summary of Cash Flows

The following table provides detailed information
about our net cash flows for the years ended December 31, 2024 and 2023.

    Years Ended December 31, 

    2024 (in thousands)  
    2023 (in thousands) 
  
    Net cash provided by (used in) operating activities 
    $2,760  
    $(2,550)
  
    Net cash used in investing activities 
     (533) 
     (3,736)
  
    Net cash used in financing activities 
     (928) 
     (909)
  
    Net increase (decrease) in cash 
     1,299  
     (7,195)
  
    Cash and cash equivalents - beginning 
     8,059  
     15,254 
  
    Cash and cash equivalents - ending 
    $9,358  
    $8,059 

Net cash provided by operating activities was
approximately $2.8 million for the year ended December 31, 2024, as compared to net cash used in operating activities of approximately
$2.6 million for the year ended December 31, 2023. The change was primarily due to an increase in rewards program liability.

Net cash used in investing activities was approximately
$0.5 million for the year ended December 31, 2024, as compared to net cash used in investing activities of