Company: JSDA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024179
Chunk: 18

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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arrants Outstanding

    Expiry Date 
    Number
 Outstanding  
    Remaining
 Contractual
 Life (Years)  
    Exercise
                                                                                                    Price Per Share
 (in dollar)  
    Number
 Exercisable 
  
    July 26, 2026 
     3,767,500  
     1.07  
    $0.50  
     3,767,500 
  
    July 31, 2026 
     800,000  
     1.08  
     0.50  
     800,000 
  
    August 21, 2026 
     937,500  
     1.14  
     0.50  
     937,500 
  
    May 30, 2028 
     750,000  
     2.91  
     0.45  
     750,000 

     6,695,400  

     6,695,400 

    17

11. Segment Information

Subsequent
to the disposition of the Cannabis-Derived (THC) Beverages segment, the Company’s only operating and reportable segment is beverages.
This segment includes both Jones Soda’s traditional craft sodas, known for their unique flavors, pure cane sugar formulation, and
consumer-driven branding as well as our modern soda’s such as Pop Jones, Fiesta Jones and hemp derived products such as HD9. The
products are distributed through various channels, including retail stores, foodservice outlets, and direct-to-consumer platforms.

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.

Furthermore,
in accordance with ASC 280, the Company provides the following entity-wide disclosures for the three months and six months ended
June 30, 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) 
    June 30, 2025  
    June 30