Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011877
Chunk: 332

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 8
Chunk 332
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 limit our ability to expand our business operations and could harm our overall business prospects.

Summary of Cash Flow

The following table provides detailed information
about our net cash flows for the six months ended June 30, 2024 and 2023:

    Six Months Ended June 30, 

    2024 (in thousands)  
    2023 (Restated) (in thousands) 
  
    Net cash provided by operating activities 
    $4,167  
    $3,739 
  
    Net cash provided by (used in) investing activities 
     408  
     (3,057)
  
    Net cash used in financing activities 
     (760) 
     (599)
  
    Net increase in cash 
     3,815  
     83 
  
    Cash and cash equivalents - beginning 
     8,059  
     15,254 
  
    Cash and cash equivalents - ending 
    $11,874  
    $15,337 

Net cash provided by operating activities was
approximately $4.2 million for the six months ended June 30, 2024, as compared to net cash provided by operating activities of approximately
$3.7 million for the six months ended June 30, 2023. The increase in net cash provided by operating activities was primarily due to a
decrease in accounts receivable.

Net cash provided by investing activities was
approximately $0.4 million for the six months ended June 30, 2024, as compared to net cash used by investing activities of approximately
$3.1 million for the six months ended June 30, 2023. The change was primarily due to increased proceeds from the sale of investments,
partially offset by increased purchases of investments.

Net cash used in financing activities was approximately
$0.8 million for the six months ended June 30, 2024, as compared to approximately $0.6 million for the six months ended June 30, 2023.
The increase in net cash used in financing activities was primarily due to reduced payments of contingent earn-out liabilities and increased
payments of installment payment liabilities.

36

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