Company: SWAGW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001213900-25-011872
Chunk: 5

Company: Stran & Company, Inc.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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DED MARCH 31, 2024 AND 2023

(in thousands)

    2024  
    2023 

    (Restated) 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(487) 
    $(484)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization 
     129  
     148 
  
    Adjustment to reconcile operating lease expense to cash paid 
     19  
     24 
  
    Change in allowance for credit losses 
     (215) 
     19 
  
    Noncash interest accretion 
     55  
     5 
  
    Stock-based compensation 
     150  
     27 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     2,229  
     2,120 
  
    Accounts receivable – related parties 
     (25) 
     — 
  
    Inventory 
     551  
     893 
  
    Prepaid taxes 
     62  
     52 
  
    Prepaid expenses 
     5  
     (224)
  
    Deposits 
     139  
     (262)
  
    Accounts payable and accrued expenses 
     (1,397) 
     (1,141)
  
    Accrued payroll and related 
     (858) 
     70 
  
    Unearned revenue 
     (524) 
     1,239 
  
    Rewards program liability 
     1,975  
     (6,000)
  
    Sales tax payable 
     251  
     (106)
  
    Net cash provided by (used in) operating activities 
     2,059  
     (3,620)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Purchases of property and equipment 
     (188) 
     (285)
  
    Proceeds from sale of investments 
     3,000  
     800 
  
    Purchase of investments 
     (3,384) 
     (1,100)
  
    Net cash used in investing activities 
     (572) 
     (585)

    CASH FLOWS FROM FINANCING ACTIVITIES: