Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 58

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 acceptable to us, if at all. Any failure by us to raise additional funds on terms favorable to
us, or at all, could limit our ability to expand our business operations and could harm our overall business prospects.

Summary of Cash Flows

The following table provides detailed information
about our net cash flows for the six months ended June 30, 2025 and 2024 (in thousands).

    Six Months Ended 
June 30, 

    2025  
    2024 
  
    Net cash provided by operating activities 
    $534  
    $4,167 
  
    Net cash provided by investing activities 
     3,705  
     408 
  
    Net cash used in financing activities 
     (527) 
     (760)
  
    Net increase in cash 
     3,712  
     3,815 
  
    Cash and cash equivalents - beginning 
     9,358  
     8,059 
  
    Cash and cash equivalents - ending 
    $13,070  
    $11,874 

Net cash provided by operating activities
was approximately $0.5 million for the six months ended June 30, 2025, as compared to net cash provided by operating activities of approximately
$4.2 million for the six months ended June 30, 2024. The change was primarily due to an increase in accounts receivable and inventory
due to growth in sales, offset by higher earnings, an increase in accounts payable and accrued expenses, and our rewards program liability.

Net cash provided by investing activities was
approximately $3.7 million for the six months ended June 30, 2025, as compared to net cash provided by investing activities of approximately
$0.4 million for the six months ended June 30, 2024. The change was primarily due to proceeds from the sale of investments.

Net cash used in financing activities was approximately
$0.5 million for the six months ended June 30, 2025, as compared to approximately $0.8 million for the six months ended June 30, 2024.
The decrease in net cash used in financing activities was primarily due to a decrease in installment payment liabilities of approximately
$0.6 million, offset by common stock repurchased during the period of approximately $0.1 million and the payment of contingent earn-out
liabilities of approximately $0.1 million.

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Debt