Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 332

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 332
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 statements.

F-7

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2024 and 2023

(CONTINUED)

(in thousands)

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

    2024  
    2023 
  
    Cash paid during the period for: 

    Interest 
    $95  
    $— 
  
    Income taxes 
    $5  
    $— 

    Noncash investing and financing activities: 

    Assets acquired in Gander Group business acquisition 
    $8,093  
    $— 
  
    Liabilities assumed in Gander Group business acquisition 
    $6,624  
    $— 
  
    Assets acquired in T R Miller business acquisition 
    $—  
    $5,236 
  
    Liabilities assumed in T R Miller business acquisition 
    $—  
    $3,113 
  
    Lease liabilities arising from obtaining right-of-use assets 
    $—  
    $1,034 

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

F-8

STRAN & COMPANY, INC.

NOTES TO THE CONSOLIDATED
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.

On August 23, 2024, Stran Loyalty Solutions,
LLC, a Nevada limited liability company (the “Purchaser” or “Stran Loyalty Solutions”), a wholly-owned subsidiary
of the Company, entered into a Secured Party Sale Agreement, dated as of August 23, 2024 (the “Sale Agreement”), between Stran
Loyalty Solutions and Sallyport Commercial Finance, LLC, a Delaware limited liability company (“Secured Party”), pursuant
to which Stran Loyalty Solutions agreed to purchase, on an as-is basis, all of the rights and interests of Gander Group, in and to substantially
all of the assets of Gander Group (the “Gander Group Assets