Company: SWAGW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044222
Chunk: 5

Company: Stran & Company, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 financial statements.

5

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(in thousands)

(unaudited)

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(393) 
    $(487)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Depreciation and amortization 
     272  
     129 
  
    Adjustment to reconcile operating lease expense to cash paid 
     (6) 
     19 
  
    Change in allowance for credit losses 
     319  
     (215)
  
    Noncash interest accretion 
     12  
     55 
  
    Stock-based compensation 
     9  
     150 
  
    Changes in operating assets and liabilities: 

    Accounts receivable, net 
     (423) 
     2,229 
  
    Accounts receivable – related parties, net 
     71  
     (25)
  
    Inventory 
     (2,267) 
     551 
  
    Prepaid corporate taxes 
     (38) 
     62 
  
    Prepaid expenses 
     (262) 
     5 
  
    Deposits 
     (522) 
     139 
  
    Other Assets 
     361  
     — 
  
    Accounts payable and accrued expenses 
     70  
     (1,397)
  
    Accrued payroll and related 
     18  
     (858)
  
    Unearned revenue 
     1,988  
     (524)
  
    Rewards program liability 
     (5,125) 
     1,975 
  
    Sales tax payable 
     25  
     251 
  
    Net cash (used in) provided by operating activities 
     (5,891) 
     2,059 

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Additions to property and equipment 
     (124) 
     (188)
  
    Proceeds from sale of investments 
     1,200  
     3,000 
  
    Purchase