Company: SWAGW
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0001213900-25-021742
Chunk: 156

Company: Stran & Company, Inc.
Filing Date: 2025-03-07
Form: 10-Q
Item: Part I, Item 1
Chunk 156
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)
  
    Cash and cash equivalents - beginning 
     8,059  
     15,254 
  
    Cash and cash equivalents - ending 
    $10,036  
    $9,362 

Net cash provided by operating activities was
approximately $1.4 million for the nine months ended September 30, 2024, as compared to net cash used in operating activities of approximately
$1.6 million for the nine months ended September 30, 2023. The change was primarily due to a decrease in accounts receivable.

Net cash provided by investing activities was
approximately $1.5 million for the nine months ended September 30, 2024, as compared to net cash used in investing activities of approximately
$3.4 million for the nine months ended September 30, 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
$1.0 million for the nine months ended September 30, 2024, as compared to approximately $0.9 million for the nine months ended September
30, 2023. The increase in net cash used in financing activities was primarily due to reduced payments of contingent earn-out liabilities
and increased payments of installment payment liabilities.

Stock
Repurchase Program

As initially
announced on February 23, 2022, under our stock repurchase program, we may repurchase up to $10.0 million of our outstanding shares of
common stock from time to time in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18
as promulgated under the Exchange Act (“Rule 10b-18”). Our decision to repurchase our
shares, as well as the timing of such repurchases, will depend on a variety of factors that include ongoing assessments of our capital
needs, market conditions and the price of our common stock, and other corporate considerations, as determined by management. Repurchases
will also only be made in accordance with the Company’s insider trading policy as if such purchases were made by a person covered
by the policy. Our insider trading policy generally permits insider purchases of our stock only during the period beginning on the second
business day following the day of public release of our quarterly or annual earnings and ending on the last day of the then-current quarter.
There is no defined number of shares to be repurchased over a specified