Company: JSDA
Filing Date: 2025-04-01
Form Type: NT 10-K
Source: 0001641172-25-001944
Chunk: 1

Company: JONES SODA CO.
Filing Date: 2025-04-01
Form: NT 10-K
Chunk 1
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 on or before the fifteenth calendar day following the prescribed due date; or    
 the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion         
 thereof, will be filed on or before the fifth calendar day following the prescribed due date; and                              |
|   | -c | The                                                                                                                            
 accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.                            |

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Jones Soda Co. (the “Company,” “we,” “us” or “our”) is unable to file its Annual Report on Form 10-K for the year ended December 31, 2024 (“Form 10-K”) within the prescribed time period without undue hardship and expense to the Company. There were changes to the Company’s internal accounting team beginning late in the fourth quarter of 2024 and in addition the Company did not appoint a new permanent Chief Financial Officer until February 5, 2025 and such changes have caused delays in completing the financial statements to be included in the Form 10-K. As such, the Company needs additional time to complete the financial statements to be included in the Form 10-K. The Company is actively working on these activities and intends to file the Form 10-K within the 15-day extension period (the “Extension Period”) afforded by Rule 12b-25 under the Securities Exchange Act of 1934.

Forward-Looking Statements

This Form 12b-25 contains forward-looking statements within the meaning of applicable United States securities laws. These forward looking statements include statements regarding the Company’s expectation (a) that it will complete activities necessary to permit the filing of the Form 10-K within the Extension Period, (b) that it will file the Form 10-K within the Extension Period, (c) that significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the Form 10-K, and (d) with respect to the amount of revenue and the net loss it will report for 2024. Forward-looking statements are based on management’s current expectations or beliefs about the Company’s future plans, expectations and objectives