Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 6

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 CASH FLOWS

SIX MONTHS ENDED JUNE 30, 2025 AND 2024

(in thousands)

(unaudited)

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net income (loss) 
    $250  
    $(1,516)
  
    Adjustments to reconcile net income (loss) to net cash provided by operating activities: 

    Depreciation and amortization 
     521  
     341 
  
    Noncash operating lease expense 
     537  
     274 
  
    Change in allowance for credit losses 
     360  
     (288)
  
    Noncash interest accretion 
     23  
     72 
  
    Stock-based compensation 
     40  
     170 

    Changes in operating assets and liabilities: 

    Accounts receivable, net 
     (4,331) 
     4,496 
  
    Accounts receivable – related parties, net 
     172  
     25 
  
    Inventory 
     (1,347) 
     808 
  
    Prepaid corporate taxes 
     29  
     30 
  
    Prepaid expenses 
     (82) 
     336 
  
    Deposits 
     (44) 
     (193)
  
    Other assets 
     252  
     — 
  
    Accounts payable and accrued expenses 
     590  
     (871)
  
    Accrued payroll and related 
     531  
     (1,357)
  
    Unearned revenue 
     395  
     (262)
  
    Rewards program liability 
     3,000  
     2,475 
  
    Sales tax payable 
     (38) 
     (117)
  
    Corporate taxes payable 
     9  
     — 
  
    Operating lease liabilities 
     (333) 
     (256)
  
    Net cash provided by operating activities 
     534  
     4,167 

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Additions to property and equipment 
     (202) 
     (364)
  
    Proceeds from sale of investments 
     4,400  
     4