Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 91

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 91
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  (2,000 | ) |
| Net cash used in investing activities          |     |                          | (3,736 | ) |     |                     | (12,280 | ) |
| Net cash used in financing activities          |     |                          |   (909 | ) |     |                     |  (2,693 | ) |
| Net decrease in cash and cash equivalents      |     |                          | (7,195 | ) |     |                     | (16,973 | ) |
| Cash and cash equivalents at beginning of year |     |                          | 15,254 |   |     |                     |  32,227 |   |
| Cash and cash equivalents at end of year       |     | $                        |  8,059 |   |     | $                   |  15,254 |   |

47 Net cash used in operating activities was approximately $2.6 million for the year ended December 31, 2023, as compared to approximately $2.0 million for the year ended December 31, 2022. The increase in net cash used in operating activities for the year ended December 31, 2023 compared to the year ended December 31, 2022 was primarily due to a decrease in rewards program liability. Net cash used in investing activities was approximately $3.7 million for the year ended December 31, 2023, as compared to approximately $12.3 million for the year ended December 31, 2022. The decrease in net cash used in investing activities for the year ended December 31, 2023 compared to the year ended December 31, 2022 was primarily due to reduced purchases of investments. Net cash used in financing activities was approximately $0.9 million for the year ended December 31, 2023, as compared to approximately $2.7 million for the year ended December 31, 2022. The decrease in net cash used in financing activities for the year ended December 31, 2023 compared to the year ended December 31, 2022 was primarily due to reduced repurchases of our common stock. Stock Repurchase Program As initially announced on February 23, 2022, under our stock repurchase program, we may repurchase up to $10.0 million of our outstanding shares of common stock from time to time in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18. Our decision to repurchase