Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 81

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 2
Chunk 81
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 operations.

We believe that our
current levels of cash will be sufficient to meet our anticipated cash needs for our operations and cash payment obligations for both
the 12 months ended March 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.

Summary of Cash Flow

The following table provides detailed information
about our net cash flows for the three months ended March 31, 2024 and 2023:

    Three Months Ended
    March, 31

    2024 
    (in thousands)

    2023 
    (Restated) 
    (in thousands)

    Net cash provided by (used in) operating activities
     
    $
    2,059

    $
    (3,620
    )
  
    Net cash used in investing activities

    (572
    )

    (585
    )
  
    Net cash used in financing activities

    (60
    )

    (383
    )
  
    NET INCREASE (DECREASE) IN CASH

    1,427

    (4,588
    )
  
    CASH AND CASH EQUIVALENTS - BEGINNING

    8,059

    15,254

    CASH AND CASH EQUIVALENTS - ENDING
     
    $
    9,486

    $
    10,666

Net cash provided by operating activities was
approximately $2.1 million for the three months ended March 31, 2024, as compared to net