Company: JSDA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024179
Chunk: 9

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 Carrying value (in thousands) of net assets of the Cannabis Subsidiaries 

    Cash 
    $3 
  
    Accounts receivable 
     233 
  
    Inventories 
     157 
  
    Prepaid expenses and other current assets 
     332 
  
    Other assets 
     22 
  
    Accounts payable 
     (117)
  
    Net asset
    and liabilities 
     630 

    Total consideration received, net of transaction costs 

    Cash 
     61 
  
    Fair value of Promissory Note 
     2,591 
  
    Fair value of Licensing Agreement 
     1,696 
  
    Less: Transaction costs 
     (55)

     4,293 

    Gain on disposition 
    $3,663 

Following
is the breakdown of the gain (loss) from discontinued operations:

    2025  
    2024  
    2025  
    2024 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Net Revenue 
    $120  
    $504  
    $498  
    $916 
  
    Cost of goods sold 
     (22) 
     (205) 
     (78) 
     (340)
  
    Gross profit 
     98  
     299  
     420  
     576 
  
    Operating expenses: 

    Selling and marketing 
     58  
     304  
     134  
     311 
  
    General and administrative 
     21  
     12  
     27  
     12 
  
    Total operating expenses 
     (79) 
     (316) 
     (161) 
     (323)
  
    Gain (Loss) from discontinued operations 
     19  
     (17) 
     259  
     253 
  
    Other income (expenses): 

    Interest income 
     -  
     5  
     -  
     5 
  
    Other income (expense), net 
     -  
     15  
     -  
     15 
  
    Total other income (