EQUATOR Beverage Co. Q3 2024: Revenue Rises Slightly

TL;DR

**EQUATOR Beverage Co. Q3 2024: Revenue $17.41M, slight increase. Keep an eye on expenses.**

AI Summary

EQUATOR Beverage Co. reported its Q3 2024 results, ending September 30, 2024. The company's financial performance for the period shows a net revenue of $17.41 million, a slight increase from the previous year. Operating expenses were managed, contributing to the overall financial picture presented in this 10-Q filing.

Why It Matters

This filing provides insight into EQUATOR Beverage Co.'s recent financial health and operational performance, which can influence investor decisions and market perception.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediately apparent major financial distress or significant negative events.

Key Numbers

• $17.41M — Net Revenue (For the period ending Q3 2024)
• $16.93M — Previous Period Revenue (Implied comparison point for revenue change)
• $200,000 — Other Income (Reported for the period)

Key Players & Entities

• EQUATOR Beverage Co. (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• $17.41 million (dollar_amount) — Net revenue for the period
• Jeffrey Devlin (person) — Member associated with restricted stock
• Diane Cudia (person) — Member associated with restricted stock
• Glenn Simpson (person) — Member associated with restricted stock

FAQ

Key Financial Figures

• $0 — he registrant's common stock, par value $0.001, issued and outstanding. DOCUMENTS
• $237,780 — trading shares with an implied value of $237,780 to directors and officers as a result o
• $158,567 — trading shares with an implied value of $158,567 to directors and officers as a result o

Filing Documents

• mojo_10q.htm (10-Q) — 545KB
• mojo_ex311.htm (EX-31.1) — 13KB
• mojo_ex321.htm (EX-31.2) — 5KB
• 0001477932-24-006809.txt ( ) — 2226KB
• mojo-20240930.xsd (EX-101.SCH) — 18KB
• mojo-20240930_lab.xml (EX-101.LAB) — 116KB
• mojo-20240930_cal.xml (EX-101.CAL) — 23KB
• mojo-20240930_pre.xml (EX-101.PRE) — 89KB
• mojo-20240930_def.xml (EX-101.DEF) — 33KB
• mojo_10q_htm.xml (XML) — 315KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS (Unaudited)

FINANCIAL STATEMENTS (Unaudited) F-1 Condensed Balance Sheets as of September 30, 2024 and December 31, 2023 F-1 Condensed Statements of Operations for the three months ended September 30, 2024 and September 30, 2023 F-2 Condensed Statements of Operations for the nine months ended September 30, 2024 and September 30, 2023 F-3 Condensed Statements of Cash Flows for the nine months ended September 30, 2024 and September 30, 2023 F-4 Condensed Statements of Changes in Stockholders' Equity for the nine months ended September 30, 2024 and September 30, 2023 F-5 Notes to the Condensed Financial Statements F-6 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 3 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 6 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 6 PART II ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 7 ITEM 1a.

RISK FACTORS

RISK FACTORS 7 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 14 ITEM 3. UNRESOLVED STAFF COMMENTS 14 ITEM 4. MINE SAFETY DISCLOSURE 14 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 14 ITEM 6.

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 15 PART III ITEM 7. Directors, Executive Officer and Corporate Governance 16 ITEM 8.

Executive Compensation

Executive Compensation 17 ITEM 9.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 18 PART IV ITEM 10. Exhibits, Financial Statement Schedules 19

SIGNATURES

SIGNATURES 20 2 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS (Unaudited)

ITEM 1. FINANCIAL STATEMENTS (Unaudited) EQUATOR BEVERAGE COMPANY Condensed Balance Sheets (Unaudited) As of September 30, 2024 and December 31, 2023 September 30, 2024 December 31, 2023 Assets Current Assets Cash and cash equivalents $ 31,478 $ 87,339 Accounts receivable, net 298,436 135,061 Inventory 442,722 270,788 Supplier deposits 26,756 52,655 Prepaid expenses 39,050 35,650 Total Current Assets $ 838,442 $ 581,493 Total Assets $ 838,442 $ 581,493 Liabilities and Stockholders' Equity Current Liabilities Accounts payable and accrued expenses $ 113,921 $ 80,621 Related party loans 310,000 230,000 Total Current Liabilities 423,921 310,621 Commitments and Contingencies – Refer to Note 3 Stockholders' Equity Common stock, 20,000,000 shares authorized at $ 0.001 par value, 17,410,346 and 16,933,346 shares issued and outstanding, at September 30, 2024 and December 31, 2023, respectively 17,411 16,934 Additional paid-in capital 24,300,479 24,063,176 Accumulated deficit ( 23,903,369 ) ( 23,809,238 ) Total Stockholders' Equity 414,521 270,872 Total Liabilities and Stockholders' Equity $ 838,442 $ 581,493 The accompanying notes are an integral part of these condensed financial statements. F-1 Table of Contents EQUATOR BEVERAGE COMPANY Condensed Statements of Operations (Unaudited) For the Three Months Ended September 30, 2024 and 2023 2024 2023 Revenue $ 1,061,645 $ 675,947 Cost of Revenue 704,370 367,262 Gross Profit 357,275 308,685 Operating Expenses Selling, general and administrative 281,316 358,639 Total Operating Expenses 281,316 358,639 Income / (Loss) from Operations Interest Expense ( 5,655 ) ( 3,957 ) Income / (Loss) Before Provision for Income Taxes $ 70,304 $ ( 53,911 ) Provision for Income Taxes ( 1,277 ) - Net Income / (Loss) $ 69,027 $ ( 53,911 ) Net Income / (Loss) Per Common Share, Basic and Dil

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is provided in addition to the accompanying financial statements and notes to assist readers in understanding our results of operations, financial condition and cash flows. MD&A is organized as follows: Significant Accounting Policies — Accounting policies that we believe are important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts. Results of Operations — Analysis of our financial results comparing the quarter ended September 30, 2024 to September 30, 2023. Liquidity and Capital Resources — Analysis of changes in our cash flows, and discussion of our financial condition and potential sources of liquidity. This report includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this annual report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. Significant Accounting Policies We have prepared our financial statements in conformity with accounting principles generally accepted in the United States, which requires management to make significant judgments and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. We base these significa

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