Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 6

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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    Payment of contingent earn-out liabilities 
     —  
     (208)
  
    Payment of installment payment liabilities 
     (60) 
     (175)
  
    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 

The accompanying notes are an integral part of these unaudited condensed
financial statements.

6

STRAN & COMPANY, INC. 
STATEMENTS OF CASH FLOWS
 THREE MONTHS ENDED
MARCH 31, 2024 AND 2023 
(CONTINUED) 
(in thousands)

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

    2024  
    2023 

    (Restated) 
  
    Cash paid during the period for: 

    Interest 
    $      —  
    $               4 
  
    Income taxes 
    $—  
    $— 

The accompanying notes are an integral part
of these unaudited condensed financial statements.

7

STRAN & COMPANY, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

(in thousands, except share
and per share amounts)

A.ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

1.Organization - Stran & Company, Inc., (the “Company”)
was incorporated under the laws of the Commonwealth of Massachusetts and commenced operations on November 17, 1995. The Company re-incorporated
under the laws of the State of Nevada on May 24, 2021.

2.Operations - The Company is an outsourced marketing solutions
provider that sells branded products to customers. The Company purchases products and branding through various third-party manufacturers
and decorators and resells the finished goods to customers.

In addition to selling branded products,
the Company offers clients custom sourcing capabilities; a flexible and customizable e-commerce solution for promoting branded merchandise
and other promotional products, managing promotional loyalty and incentives, print collateral, and event assets, order and inventory
management, and designing