Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 98

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 98
---
 liabilities 
     (68) 
     (628)
  
    Payment of installment payment liabilities 
     (798) 
     (210)
  
    Payment of notes payable 
     (100) 
     — 
  
    Payment for stock repurchase 
     —  
     (24)
  
    Net cash used in financing activities 
     (966) 
     (862)

    NET INCREASE (DECREASE) IN CASH 
     1,977  
     (5,892)

    CASH AND CASH EQUIVALENTS - BEGINNING 
     8,059  
     15,254 
  
    CASH AND CASH EQUIVALENTS - ENDING 
    $10,036  
    $9,362 

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

6

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

(CONTINUED)

(in thousands)

(unaudited)

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

    2024  
    2023 

    (Restated) 
  
    Cash paid during the period for: 

    Interest 
    $83  
    $19 
  
    Income taxes 
    $2  
    $48 

    Noncash investing and financing activities: 

    Assets acquired in Gander Group business acquisition 
    $8,314  
    $— 
  
    Liabilities assumed in Gander Group business acquisition 
    $6,845  
    $— 
  
    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 unaudited condensed consolidated financial statements.

7

STRAN & COMPANY, INC.
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands, except share and per share amounts)

A.ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

1.Organization - Str