Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 260

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 8
Chunk 260
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 cost 
    $201  
    $172 
  
    Total 
    $201  
    $172 

The following schedule represents maturities of operating
lease liabilities as of March 31, 2025: 

    Operating Minimum Lease Payments 
  
    Remainder of 2025 
    $398 
  
    2026 
     440 
  
    2027 
     407 
  
    2028 
     65 
  
    Less amount representing interest 
     (81)
  
    Present value of payments 
    $1,229 

The following schedule sets forth supplemental
cash flow information related to operating leases for the three months ended March 31, 2025 and 2024 : 

    March 31,  2025  
    March 31,  2024 
  
    Other information 

    Operating cash flows from operating lease 
    $(6) 
    $19 

The aggregate weighted average remaining lease term was 2.65 years as of March 31, 2025. The aggregate weighted average discount
rate was 4.88% as of March 31, 2025.

L.STOCKHOLDERS’ EQUITY:

Stock Repurchase Program

On February 21, 2022, the Board of
Directors of the Company authorized a repurchase of up to $10,000 of the Company’s shares from time to pursuant to a stock repurchase
program, or the Repurchase Program. Under the terms of the Repurchase Program, the Company may repurchase shares through open market or
negotiated private transactions. The timing and extent of any purchases depend upon ongoing assessments of the Company’s capital
needs, market conditions and the price of the Company’s common stock, and other corporate considerations, as determined by management,
and are subject to the restrictions relating to volume, price and timing under applicable laws, including but not limited to, Rule 10b-18
promulgated under the Exchange Act. The Repurchase Plan was terminated in June 2024.

The Company did not repurchase any shares during the three
months ended March 31, 2024.

19

STRAN & COMPANY, INC.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

M.STOCK-BASED COMPENSATION:

In November 2021, the