mojo_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 5, 2024

EQUATOR Beverage Company

(Exact name of registrant as specified in its charter)

Delaware

000-55269

26-0884348

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

185 Hudson Street, Floor 25

Jersey City, New Jersey

07302

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: 929-264-7944

____________________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

SECTION 8 – OTHER EVENTS

Item 8.01. Other Events.

On April 1, 2024, we issued a press release concerning the Company’s audited 2023 financial results. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 8.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

SECTION 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

99.1	Press release, dated April 1, 2024
104	Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EQUATOR Beverage Company

/s/ Glenn Simpson
Glenn Simpson
Chairman & CEO

Date: April 1, 2024

EXHIBIT 99.1

EQUATOR Beverage Company Reports Audited 2023 Financial Results and Record Revenue

JERSEY CITY, NJ/ April 1, 2024 - EQUATOR Beverage Company (OTC: MOJO) reports its audited financial results for the year ended December 31, 2023. The form 10K was filed March 22, 2024 with the United States Securities and Exchange Commission.

Highlights include:

	·	2023 Revenue was $2,288,272, a $466,780 increase from $1,821,492 for the same period last year. This increase in revenue of $466,780 or 26% made this the highest annual revenue reported by the Company. The increase in revenue was due to a strong demand for all products and a significant increase in one-liter products.

	·	Cost of Revenue was $1,276,411 or 56% of revenue compared to $1,190,536 or 65% of revenue for 2022. This was a 9-percentage point improvement due to a decline in ocean freight costs per container. We also saw fixed costs absorbed over a higher revenue base. The 9-percentage point improvement is significant and also demonstrates our lean operating style with the outsourcing of many costs. In addition, we were able to do this despite record inflation during 2023.

	·	Gross Margin for 2023 was $1,011,861 or 44%, up from $630,956 for the same period last year. This was a $380,905 increase or 9-percentage point improvement from 35% for 2022.

	·	Net Loss for 2023 was $179,957, a $58,879 or 25% improvement compared to Net Loss of $238,836 for 2022.

	·	Taxable Income for 2023 was $180,060, an improvement of $237,008 from 2022.

	·	Net Loss per share for 2023 was $0.01 compared to Net Loss for share for 2022 of $0.02.

	·	Taxable earnings per share for 2023 was $0.01 compared to $0.00 for 2022.

During 2023 EQUATOR repurchased 401,269 shares of its common stock. Stock repurchased in 2022 was 830,342 shares with a two-year total of 1,231,611 shares.

For additional information contact:

Glenn Simpson CEO

EQUATOR Beverage Company

917 574 1690

Symbol Ticker: MOJO

Website: www.equatorbeverage.com

Important Cautions Regarding Forward Looking Statements

This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.