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): April 27, 2023

 

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 27, 2023, we issued a press release concerning the Company’s unaudited results of operations for the first quarter of 2023. 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 27, 2023

 

 

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document) 

 

 

2

 

 

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 27, 2023

 

  

 

3

 

 

EXHIBIT 99.1

  

   

EQUATOR Beverage Company Reports its 2023 Q1 Results

     

JERSEY CITY, N.J./ ACCESSWIRE / April 27, 2023 - EQUATOR Beverage Company (OTC: MOJO) reported its results of operations for the quarter ended March 31, 2023. The 10-Q was filed on April 24, 2023 with the United States Securities and Exchange Commission.  

    

Highlights include:

 

 

·

 Q1 Net Revenue increased to $515,633 from $379,657, a 36% improvement, the highest first quarter revenue in the company's history.

 

 

 

 

·

 The Gross Margin came in at a strong 39% which was the same as Q1 2022.

 

 

 

 

·

 Net Income increased to $4,485 a $139,864, an improvement from a net loss of ($135,379) for the same period last year.

 

During the first quarter of 2023, EQUATOR Beverage focused on adding points of sale for our products across all channels.  In addition, we also relaunched our products in 3,800 grocery stores in the northeast.  The relaunch was necessary due to the negative effects of   Covid-19  

 

EQUATOR Beverage also started shipping to 6,000 alternative channel stores whose primary business is not food and beverage sales.   We believe this helps EQUATOR Beverage by introducing the products at checkout to customers that might not otherwise be aware of the brand.   

 

This year, the US Patent and Trademark Office granted EQUATOR Beverage Company final approval for the word mark EQUATOR Beverage® and final approval for its symbol mark which is on all of our products, labels, and cartons.  These registered marks are for coconut water as a beverage; and non-alcoholic beverages namely coconut water with carbonation, coconut water with fruit juice, coconut water with caffeine, pH enhanced water with carbonation, pH enhanced drinking water, carbonated coconut water with juice.

 

EQUATOR Beverage will commence shipment of its Sparkling Energy Drinks in Q2 2023.  These energy drinks are female centric which we believe is a market that has been underserved.

 

Below are the flavors that will be available to consumers:

 

                                      

   

For additional information contact Glenn Simpson CEO EQUATOR Beverage Company at 929 264 7944 Stock Symbol: MOJO

 

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 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.

 

Related Links: https://equatorbeverage.com/

 

Contact:

 

Glenn Simpson, Chairman & CEO

 

Phone Number: 929 264 7944

 

SOURCE: EQUATOR Beverage Company