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

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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 to acquire shares of Company common stock under the 2022 Plan. The 2022 Plan will
be administered by the plan administrator (as defined in the 2022 Plan.

The
Board may grant awards to employees, officers, directors, consultants, agents, advisors, and independent contractors. Stock options
are issued at the closing price on the grant date and generally have a 10 ten-year term. As of June 30, 2025, 4,351,158
shares remained available for future awards under the Plan.

    (a)
    Stock
    options:

A
summary of our stock option activity is as follows:

 Schedule of Stock Option Activity

    Outstanding Options 

    June 30, 2025  
    June 30, 2024 

    Number of
 Shares  
    Weighted
                                                                                                    Average Exercise Price ($)
 (Per Share)  
    Number of
 Shares  
    Weighted

Average
 Exercise
 Price ($)
 (Per Share)) 
  
    Opening 
     8,647,984  
     0.26  
     11,407,772  
     0.26 
  
    Granted 
     6,425,000  
     0.26  
     2,200,000  
     0.24 
  
    Exercised 
     -  
     -  
     (136,500) 
     0.27 
  
    Forfeited / Expired 
     (2,269,741) 
     0.24  
     (433,750) 
     0.42 
  
    Closing 
     12,803,243  
     0.26  
     13,037,772  
     0.25 
  
    Exercisable 
     4,954,014  
     0.27  
     5,676,126  
     0.27 

The
following table summarizes information about stock options outstanding and exercisable under our stock incentive plans as of June 30,
2025:

 Schedule of Stock Options Outstanding And Exercisable

    Exercise Price 
    Number
 Outstanding  
    Weighted

                                                                               Average
 Remaining
 Contractual
 Life
 (Years)  
    Weighted
 Average
 Exercise
 Price Per
 Share  
    Number
 Exercisable