Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 828

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 3
Chunk 828
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 debt
service obligations and could require us to agree to operating and financial covenants that would restrict our operations. Financing may
not be available in amounts or on terms 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.

47

Summary of Cash Flows

The following table provides detailed information
about our net cash flows for the years ended December 31, 2024 and 2023.

    Years Ended December 31, 

    2024 (in thousands)  
    2023 (in thousands) 
  
    Net cash provided by (used in) operating activities 
    $2,760  
    $(2,550)
  
    Net cash used in investing activities 
     (533) 
     (3,736)
  
    Net cash used in financing activities 
     (928) 
     (909)
  
    Net increase (decrease) in cash 
     1,299  
     (7,195)
  
    Cash and cash equivalents - beginning 
     8,059  
     15,254 
  
    Cash and cash equivalents - ending 
    $9,358  
    $8,059 

Net cash provided by operating activities was
approximately $2.8 million for the year ended December 31, 2024, as compared to net cash used in operating activities of approximately
$2.6 million for the year ended December 31, 2023. The change was primarily due to an increase in rewards program liability.

Net cash used in investing activities was approximately
$0.5 million for the year ended December 31, 2024, as compared to net cash used in investing activities of approximately $3.7 million
for the year ended December 31, 2023. The change was primarily due to increased proceeds from the sale of investments, partially offset
by increased purchases of investments.

Net cash used in financing activities was approximately $0.9 million
for the year ended December 31, 2024, as compared to approximately $0.9 million for the year ended December 31, 2023. The increase in
net cash used in financing activities was primarily due to reduced payments of contingent earn-out liabilities of approximately $0.6 million
and increased payments of installment payment