Company: JSDA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-011093
Chunk: 5

Company: JONES SODA CO.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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detailed disclosures about income tax expenses (or benefits), including components of the expense (or benefit) and the nature of
significant reconciling items. Entities must also disclose information about unrecognized tax benefits, including a tabular
reconciliation of beginning and ending balances of unrecognized tax benefits, and details about valuation allowances, including the
nature and amount of valuation allowances recorded and released during the period. The guidance is effective for fiscal years
beginning after December 15, 2025, including interim periods within those fiscal years. Early adoption is permitted. We are
currently evaluating the impact of the updated standard on our consolidated financial statements and disclosures.

In
March 2024, the FASB issued ASU 2024-01: Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest and
Similar Awards. This update provides guidance on the scope application of profits interest and similar awards under Topic 718. The amendments
improve clarity and understanding of paragraph 718-10-15-3, aiding entities in determining whether a profits interest award should be
accounted for as a share-based payment arrangement or similar to a cash bonus or profit-sharing arrangement. For public business entities,
the amendments are effective for annual periods beginning after December 15, 2024, and interim periods within those annual periods. For
all other entities, the amendments are effective for annual periods beginning after December 15, 2025, and interim periods within those
annual periods. Early adoption is permitted. We are currently evaluating the impact of the updated standard on our consolidated financial
statements and disclosures.

In
November 2024, the FASB issued ASU 2024-03: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40). This update requires entities to disaggregate income statement expenses. The guidance is effective for fiscal years
beginning after December 15, 2025, including interim periods within those fiscal years. Early adoption is permitted. We are currently
evaluating the impact of the updated standard on our consolidated financial statements and disclosures.

In
December 2024, the FASB issued Accounting Standards Update (ASU) 2024-04, Debt—Debt with Conversion and Other Options (Subtopic
470-20): Induced Conversions of Convertible Debt Instruments. This update provides guidance on accounting for induced conversions of
convertible debt instruments, clarifying the criteria for determining whether settlements should be accounted for as an