Company: JSDA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-011093
Chunk: 12

Company: JONES SODA CO.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 12
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 the US has
specific regulations to the sales and distribution of these products. In Canada these products are federally regulated. Our distribution
relationships typically involve licensing our THC formulated products to Cannabis companies that hold licenses in a specific state or
province.

The
Chief Operating Decision Maker (“CODM”) of the Company, who is also the Chief Executive Officer (“CEO”), is responsible
for evaluating the performance of the Company’s operations. The evaluation focuses primarily on key financial metrics such as net
operating revenues and operating income (loss). Based on this consolidated approach to assessing performance and allocating resources,
the Company does not present additional segment information in its financial disclosures.

Details
regarding the Company’s operations by reportable segment are presented as follows:

 Schedule of Reporting Segment

    (in thousands) 
    March
    31, 2025  
    March
    31, 2024 
  
    Segment Results –
    Net sales 

    Beverages 
    $4,230  
    $4,587 
  
    Cannabis-Derived
    (THC) Beverages 
     378  
     412 
  
    Total 
    $4,608  
    $4,999 
  
    Segment Results – Net sales 
    $4,608  
    $4,999 

    Segment Results –
    Loss from operations 

    Beverages 
    $(921) 
    $(1,415)
  
    Cannabis-Derived
    (THC) Beverages 
     240  
     270 
  
    Total 
    $(681) 
    $(1,145)
  
    Segment Results – Loss from operations 
    $(681) 
    $(1,145)

Furthermore,
in accordance with ASC 280, the Company provides the following entity-wide disclosures for the three months ended March 31, 2025 and
2024:

Net
Sales by Geographic Location: The breakdown of the Company’s net sales by geographic location are as follows:

 Schedule of Net Sales and Loss from Operations by Geographic Location

    (in thousands) 
    March
    31, 2025  
    March
    31, 2024 
  
    Segment Results –
    Net sales 

    United States 
    $3,870  
    $3,955 
  
    Canada 
     738  
     1,044 
  
    Total 
    $4,608