EQUATOR Beverage Co 10-Q for FY2026 Q1

EQUATOR Beverage Co (MOJO)

10-Q 2026-05-13 For: 2026-03-31

Added on May 16, 2026

About this 10-Q

EQUATOR Beverage Co filed this 10-Q on May 13, 2026, covering the quarter ended March 31, 2026 (FY2026 Q1).

Quarter ended March 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Delaware		26-0884348
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

185 Hudson Street, Suite 2500 Jersey City, NJ		07302
(Address of principal executive offices)		(Postal Code)

		Page
	PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	3
	Condensed Balance Sheets	F-1
	Condensed Statements of Operations	F-2
	Condensed Statements of Cash Flows	F-3
	Condensed Statements of Changes in Stockholders’ Equity	F-4
	Notes to Condensed Financial Statements	F-5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	7
Item 4.	Controls and Procedures	7
	PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	9
Item 1A.	Risk Factors	9
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	11
Item 3.	Defaults Upon Senior Securities	11
Item 4.	Mine Safety Disclosures	11
Item 5.	Other Information	12
Item 6.	Exhibits	13

SIGNATURES		14

	March 31, 2026			December 31, 2025
Assets
Current Assets
Cash	$	126,670		$	219,457
Accounts and other receivables		418,856			349,822
Inventory		504,695			508,301
Supplier deposits		95,935			52,329
Prepaid expenses		57,133			61,137
Total Current Assets	$	1,203,289		$	1,191,046
Total Assets	$	1,203,289		$	1,191,046
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable and accrued expenses	$	189,936		$	295,073
Related party loans		230,000			340,000
Total Current Liabilities		419,936			635,073
Commitments and Contingencies – Refer to Note 4
Stockholders’ Equity
Common stock, 10,000,000 shares authorized at $0.001 par value 9,449,655 and 9,380,260 shares issued and outstanding, at March 31, 2026 and December 31, 2025, respectively		9,450			9,381
Additional paid-in capital		25,158,958			25,107,762
Accumulated deficit		(24,385,055	)		(24,561,170	)
Total Stockholders’ Equity		783,353			555,973
Total Liabilities and Stockholders’ Equity	$	1,203,289		$	1,191,046

	2026			2025
Revenue	$	961,484		$	817,748
Cost of Revenue		467,850			497,005
Gross Profit		493,634			320,743

Operating Expenses
Selling, general , and administrative		419,331			231,178
Total Operating Expenses		419,331			231,178
Income from Operations		74,303			89,565
Interest Expense		(6,361	)		(3,991	)
Other Income		112,292			-
Income Before Provision for Income Taxes	$	180,234		$	85,574
Provision for Income Taxes (net) – Refer to Note 8		(4,119	)		(1,540	)
Net Income	$	176,115		$	84,034
Net Income Per Common Share, Basic and Diluted	$	0.02		$	0.01
Weighted Average Number of Common Shares Outstanding, Basic and Diluted		9,439,914			9,109,752

	2026			2025
Cash Flows from Operating Activities:
Net income	$	176,115		$	84,034
Adjustments to Reconcile Net Income to Net Cash Provided by / (Used in) Operating Activities:
Restricted, non-trading common stock issued to directors and employees		72,900			840

Changes in Assets and Liabilities:
A ccounts receivable		(69,034	)		(68,849	)
I nventory		3,606			(266,536	)
S upplier deposits		(43,606	)		2,412
P repaid expenses		4,004			2,188
A ccounts payable and accrued expenses		(105,137	)		175,044
Net Cash Provided by / (Used in) Operating Activities		38,848			(70,867	)
Net Cash Provided by / (Used in) Financing Activities:
Shares repurchased for cancellation		(21,635	)		-
Proceeds from related party loan		-			193,000
Repayments of related party loan		(110,000	)		(20,000	)
Net Cash Provided by / (Used in) Financing Activities		(131,635	)		173,000

Net Increase / (Decrease) in Cash and Cash Equivalents		(92,787	)		102,133
Cash and Cash Equivalents at Beginning of Period		219,457			22,799
Cash and Cash Equivalents at End of Period	$	126,670		$	124,932
Supplemental Disclosure of Cash Flow Information:
Cash Paid for Interest	$	6,361		$	3,991

							Additional
	Common Stock						Paid-In			Accumulated
	Shares			Amount			Capital			Deficit			Total
Balance, December 31, 2025		9,380,260		$	9,381		$	25,107,762		$	(24,561,170	)	$	555,973
Restricted, Non-Trading Common Stock issued to Directors and employees		9 0,000			90			72,810						72,900
Stock repurchased and returned to Treasury		(20,605	)		(21	)		(21,614	)					(21,635	)
Net Income											176,115			176,115
Balance, March 31, 2026		9,449,655		$	9,450		$	25,158,958		$	(24,385,055	)	$	783,353

	March 31, 2026			March 31, 2025
E-commerce Fulfi l lment Fees		33	%		38	%
Freight and Delivery Expenses		9	%		9	%
Compensation Expenses		20	%		29	%

	2026			2025
Net Operating Loss Carryforward, January 1	$	3,062,416		$	3,549,884
Taxable Income, January 1 to March 31		228,834			85,574
Net Operating Loss Carryforward, March 31	$	2,833,582		$	3,464,310
Federal Deferred Tax Asset, January 1		643,108			745,476
Federal Tax Expense as of March 31 (21% Tax Rate)		(48,055	)		(17,971	)
Federal Deferred Tax Asset, March 31	$	595,053		$	727,505
State of New Jersey Deferred Tax Asset, January 1		275,033			318,681
State of New Jersey Tax Expense as of March 31 (9% Tax Rate)		(20,595	)		(7,702	)
State of New Jersey Deferred Tax Asset, March 31	$	254,438		$	310,979
Total Deferred Tax Asset, March 31	$	849,491		$	1,038,484
Total Tax Expense	$	68,650		$	25,673

Exhibit No.	SEC Report Reference Number	Description
3.1	3.1	Amended and Restated Certificate of Incorporation of EQUATOR Beverage Company, as of April 20, 2026 (1)
3.2	3.2	Amended and Restated Bylaws of EQUATOR Beverage Company, as of April 20, 2026 (2)
31.1	31.1	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	32.1	Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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	EQUATOR BEVERAGE COMPANY

Dated: May 13, 2026	By:	/s/ Glenn Simpson
		Glenn Simpson, Chief Executive Officer and Chairman (Principal Executive and Principal Financial Officer)

By:	/s/ GLENN SIMPSON
GLENN SIMPSON
Chairman and Chief Executive Officer