EQUATOR Beverage Co 10-Q for FY2026 Q2

EQUATOR Beverage Co (MOJO)

10-Q 2026-08-11 For: 2026-06-30

Added on August 11, 2026

About this 10-Q

EQUATOR Beverage Co filed this 10-Q on August 11, 2026, covering the quarter ended June 30, 2026 (FY2026 Q2).

Headline figures

Quarter ended June 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $1.26M; up 14.2% from $1.1M a year earlier
Net income: $999.7K; up 553.2% from net income of $153.06K a year earlier
Diluted EPS: $0.11; up 450.0% from $0.02 a year earlier

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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)

Large Accelerated Filer		Accelerated Filer	
Non-accelerated Filer		Smaller reporting company	
		Emerging growth company	

		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-4
	Condensed Statements of Changes in Stockholders’ Equity	F-5
	Notes to Condensed Financial Statements	F-6
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

	June 30, 2026			December 31, 2025
Assets
Current Assets
Cash	$	73,757		$	219,457
Accounts and other receivables		393,816			349,822
Inventory		949,548			508,301
Supplier deposits		148,540			52,329
Prepaid expenses		50,273			61,137
Total Current Assets	$	1,615,934		$	1,191,046
No ncurrent Assets
Def erred ta x assets, n et	$	765,997			-
Total No ncurrent Assets		765,997			-
Total Assets	$	2,381,931		$	1,191,046
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable and accrued expenses	$	399,279		$	295,073
Related party loans		160,000			340,000
Total Current Liabilities		559,279			635,073
Total Liabilities	$	559,279		$	635,073
Commitments and Contingencies – Refer to Note 4
Stockholders’ Equity
Common stock, $ 0.001 par value ; 10,000,000 shares authorized ; 9,509,655 and 9,380,260 shares issued and outstanding a s of June 30, 2026 and December 31, 2025, respectively		9,510			9,381
Additional paid-in capital		25,198,498			25,107,762
Accumulated deficit		(23,385,356	)		(24,561,170	)
Total Stockholders’ Equity		1,822,652			555,973
Total Liabilities and Stockholders’ Equity	$	2,381,931		$	1,191,046

	EQUATOR BEVERAGE COMPANY
	(Exact name of registrant as specified in its charter)

	2026			2025
Revenue	$	1,259,453		$	1,102,577
Cost of Sales		546,776			629,690
Gross Profit		712,677			472,887

Operating Expenses
Selling, general, and administrative		473,970			309,045
Total Operating Expenses		473,970			309,045
Income from Operations		238,707			163,842
Interest Expense		(4,966	)		(7,981	)
Other Income		4,972			-
Income Before Provision for Income Taxes	$	238,713		$	155,861
Income Tax Benefit (Expense) – Refer to Note 8		760,986			(2,805	)
Net Income	$	999,699		$	153,056
Net Income Per Common S hare , Basic and Diluted	$	0.11		$	0.02
Weighted - Average Common S hares Outstanding, Basic and Diluted		9,464,160			9,095,063

	2026			2025
Cash Flows from Operating Activities:
Net income	$	1,175,814		$	237,090
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Restricted, non-trading common stock issued to directors and employees		88,200			840
Deferred inc ome tax bene fit		(765,997	)		-
Changes in Assets and Liabilities:
Accounts and other receivable s		(43,994	)		(157,276	)
Inventory		(441,247	)		(650,086	)
Supplier deposits		(96,211	)		38,948
Prepaid expenses		10,864			(18,403	)
Accounts payable and accrued expenses		128,506			285,796
Net Cash Provided by (Used in) Operating Activities		55,935			(263,091	)
Net Cash Provided by (Used in) Financing Activities:
Shares repurchased for cancellation		(21,635	)		(60,000	)
Proceeds from related party loan		68,000			384,000
Repayments of related party loan		(248,000	)		(40,000	)
Net Cash Provided by (Used in) Financing Activities		(201,635	)		284,000

Net Increase (Decrease) in Cash and Cash Equivalents		(145,700	)		20,909
Cash and Cash Equivalents at Beginning of Period		219,457			22,799
Cash and Cash Equivalents at End of Period	$	73,757		$	43,708
Supplemental Disclosure of Cash Flow Information:
Cash Paid for Interest	$	11,327		$	11,973
Summary of non-cash investing and financing activity:
Restricted, non-trading common stock issued to directors and employees See Note 5 – Stock Transaction s	$	112,500		$	840

							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		90,000			90			72,810						72,900
Stock repurchased and retired		(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
Restricted, non-trading common stock issued to directors and employees		60,000			60			39,540						39,600
Stock repurchased and retired		-			-			-						-
Net Income											999,699			999,699
Balance, June 30, 2026		9,509,655		$	9,510		$	25,198,498		$	(23,385,356	)	$	1,822,652

2026							2025
	Price		Shares		Amount			Price		Shares		Amount
Q1							Q1
Glenn Simpson	$	0.81		90,000	$	72,900	Glenn Simpson	$	-		-	$	-
Total				90,000	$	72,900	Total		-		-	$	-
Q2							Q2
Glenn Simpson	$	0.66		60,000	$	39,600	Glenn Simpson	$	-		-	$	-
Total				150,000	$	112,500	Total		-		-	$	-

	June 30,		June 30,			June 30,		June 30,
	2026 SG&A		2026 % of SG&A			2025 SG&A		2025 % of SG&A
E-commerce Fulfillment Fees	$	179,834		38	%	$	131,125		42	%
Compensation Expenses	$	85,550		18	%	$	67,410		22	%
Freight and Delivery Expenses	$	52,975		11	%	$	37,812		12	%

	2026			2025
Net Operating Loss Carryforward, January 1	$	3,062,416		$	3,549,884
Taxable Income, January 1 to June 30		507,146			241,435
Net Operating Loss Carryforward, June 30	$	2,555,270		$	3,308,449
Gross Federal Deferred Tax Asset, January 1		643,108			745,476
Federal Tax Expense as of June 30 (21% Tax Rate)		(106,501	)		(50,701	)
Gross Federal Deferred Tax Asset, June 30	$	536,607		$	694,775
State of New Jersey Deferred Tax Asset, January 1		275,033			318,681
State of New Jersey Tax Expense as of June 30 (9% Tax Rate)		(45,643	)		(21,729	)
State of New Jersey Deferred Tax Asset, June 30	$	229,390		$	296,952
Total Deferred Tax Asset, June 30	$	765,997		$	991,727
Valuation Allowance		-			(991,727	)
Total Deferred Tax Asset, Net Allowance	$	765,997		$	-
Total Tax Expense	$	152,144		$	72,430
Tax Shield Applied:
Federal Tax as of June 30 (21% Tax Rate)		(106,501	)		(50,701	)
State of New Jersey Tax as of June 30 (9% Tax Rate; limited to 80% NOL utilization)		(36,514	)		(17,384	)
Total Tax Shield Applied	$	(143,015	)	$	(68,085	)
Income Tax Expense	$	9,129		$	4,345

	2026		2025
Net Income before Taxes	$	418,946	$	241,435
Stock Awards		88,200		-
Taxable Net Income	$	507,146	$	241,435

Period	Close		High		Low		VWAP*		Shares Traded
April 1 to June 30, 2026	$	1.10	$	1.29	$	0.52	$	0.90		175,158
January 1 to March 31, 2026	$	0.89	$	1.39	$	0.53	$	1.06		336,160
October 1 to December 31, 2025	$	0.79	$	1.41	$	0.37	$	0.70		441,818
July 1 to September 30, 2025	$	1.14	$	1.42	$	0.88	$	1.12		557,081
April 1 to June 30, 2025	$	1.06	$	1.08	$	0.72	$	0.86		238,496
January 1 to March 31, 2025	$	0.84	$	1.30	$	0.80	$	0.94		138,425

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 (1)
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 (1)
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 (1)

101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

	EQUATOR BEVERAGE COMPANY

Dated: August 11, 2026	By:	/s/ Glenn Simpson
		Glenn Simpson, Chairman and Chief Executive Officer (Principal Executive and Principal Financial Officer)

	EQUATOR Beverage Company

	By: /s/ Glenn Simpson
	Name: Glenn Simpson
	Title: Chairman & CEO

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