Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 20

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part II, Item 8
Chunk 20
---
 acquisitions, net of cash acquired 
     (660) 
     (1,463) 
     (2,123) 
     1 
  
    Proceeds from sale of investments 
     —  
     3,031  
     3,031  
     8 
  
    Purchase of investments 
     (369) 
     (3,176) 
     (3,545) 
     8 
  
    Net cash used in investing activities 
     (1,823) 
     (1,609) 
     (3,432) 
     1,8 

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Payment of contingent earn-out liabilities 
     (586) 
     (42) 
     (628) 
     1 
  
    Payment of installment payment liabilities 
     —  
     (210) 
     (210) 
     1 
  
    Net cash used in financing activities 
     (610) 
     (252) 
     (862) 
     1 

    NET DECREASE IN CASH 
     (5,816) 
     (76) 
     (5,892) 
     1,3,5,6,7,8,* 

    CASH - ENDING 
    $9,438  
    $(76) 
    $9,362  
     1,3,5,6,7,8,* 

C.FAIR VALUE MEASUREMENTS:

Fair value measurements discussed herein
are based upon certain market assumptions and pertinent information available to management as of September 30, 2024 and December 31,
2023. The carrying amount of accounts payable approximated fair value as they are short term in nature. The fair value of stock options
are estimated based on the Black-Scholes model during the nine months ended September 30, 2024 and the year ended December 31, 2023.

18

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

Fair Value on a Recurring Basis

The Company follows the guidance in
ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period