Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 2395

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 11
Chunk 2395
---
    $(13) 
    $(2,602) 
    $35,650 
  
    Stock-based compensation 
     —  
     —  
     59,574  
     —  
     128  
     —  
     —  
     128 
  
    Other comprehensive income 
     —  
     —  
     —  
     —  
     —  
     3  
     —  
     3 
  
    Net loss 
     —  
     —  
     —  
     —  
     —  
     —  
     (4,140) 
     (4,140)
  
    Balance, December 31, 2024 
     —  
    $—  
     18,598,574  
    $2  
    $38,391  
    $(10) 
    $(6,742) 
    $31,641 

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

F-6

STRAN & COMPANY, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2024 and 2023

(in thousands)

    2024  
    2023 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(4,140) 
    $(385)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Depreciation and amortization 
     824  
     772 
  
    Adjustment to reconcile operating lease expense to cash paid 
     12  
     8 
  
    Change in allowance for credit losses 
     211  
     (174)
  
    Change in allowance for credit losses – related parties 
     327  
     — 
  
    Change in fair value of contingent earn-out liability 
     (208) 
     (65)
  
    Gain on extinguishment of debt 
     —  
     (162)
  
    Goodwill impairment 
     —  
     810 
  
    Noncash interest accretion 
     125  
     11 
  
    Stock-based compensation 
     128  
     200