Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 52

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 52
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The following table provides detailed information
about our net cash flows for the nine months ended September 30, 2025 and 2024 (in thousands).

    Nine Months Ended
 September 30, 

    2025  
    2024 
  
    Net cash (used in) provided by operating activities 
    $(4,834) 
    $1,427 
  
    Net cash provided by investing activities 
     3,133  
     1,516 
  
    Net cash used in financing activities 
     (960) 
     (966)
  
    Net change in cash and cash equivalents 
     (2,661) 
     1,977 
  
    Cash and cash equivalents - beginning 
     9,358  
     8,059 
  
    Cash and cash equivalents - ending 
    $6,697  
    $10,036 

39

Net cash used in operating activities was approximately
$4.8 million for the nine months ended September 30, 2025, as compared to net cash provided by operating activities of approximately $1.4
million for the nine months ended September 30, 2024. The change was primarily due to an increase in inventory due to growth in sales,
a decrease in accounts payable and accrued expenses, and our rewards program liability, offset by a decrease in accounts receivable.

Net cash provided by investing activities was
approximately $3.1 million for the nine months ended September 30, 2025, as compared to net cash provided by investing activities of approximately
$1.5 million for the nine months ended September 30, 2024. The change was primarily due to the absence of business acquisition outlays.

Net cash used in financing activities was approximately
$1.0 million for the nine months ended September 30, 2025, as compared to approximately $1.0 million for the nine months ended September
30, 2024. Net cash used in financing activities was primarily due to a decrease in installment payment liabilities of approximately $0.3
million, common stock repurchased during the period of approximately $0.5 million and the payment of contingent earn-out liabilities of
approximately $0.2 million.

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