Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 17

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 17
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31, 2025 included in the Company’s Quarterly Report on Form
10-Q for the three months ended March 31, 2025, filed with the SEC on May 15, 2025 and incorporated by reference in this prospectus.

Unaudited Pro Forma Condensed Consolidated Balance Sheet

Asof March 31, 2025

(In thousands, except per share data)

| ASSETS                                      
 Current assets:                             |     | Registrant Historical |         |   |     | Adjustments |        |   |   |     | Proforma |         |   |
|:--------------------------------------------|:----|:----------------------|--------:|:--|:----|:------------|-------:|:--|:--|:----|:---------|--------:|:--|
| Cash                                        |     | $                     |     735 |   |     | $           |     (8 | ) | a |     | $        |   1,627 |   |
|                                             |     |                       |         |   |     |             |  1,000 |   | d |     |          |         |   |
|                                             |     |                       |         |   |     |             |   (100 | ) | f |     |          |         |   |
| Accounts receivable                         |     |                       |   3,635 |   |     |             |   (407 | ) | a |     |          |   3,228 |   |
| Inventories, net                            |     |                       |   3,908 |   |     |             |   (162 | ) | a |     |          |   3,746 |   |
| Prefunded insurance premiums from financing |     |                       |     128 |   |     |             |      - |   |   |     |          |     128 |   |
| Prepaid expenses and other current assets   |     |                       |   1,311 |   |     |             |   (346 | ) | a |     |          |     965 |   |
| Total current assets                        |     |                       |   9,717 |   |     |             |    (23 | ) |   |     |          |   9,694 |   |
| Note receivable                             |     |                       |       - |   |     |             |  2,590 |   | c |