Company: JSDA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024179
Chunk: 32

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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 Discussion
and Analysis of Financial Condition and Results of Operation – Critical Accounting Policies and Estimates” in our Annual
Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on April 1, 2025. There have been no material changes
in our critical accounting policies during the three months ended June 30, 2025.

23

    ITEM
    3.
    QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not
applicable.

    ITEM
    4.
    CONTROLS
    AND PROCEDURES.

(a)
Evaluation of disclosure controls and procedures

We
maintain disclosure controls and procedures (as such terms are defined under Rules 13a-15(e) and 15d-15(e) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”)) that are designed to ensure that the information required to be disclosed in
the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified
in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief
Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Management, under
the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of
the design and operation of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b) as of the end of the period
covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that these disclosure
controls and procedures were effective as of June 30, 2025.

(b)
Changes in internal controls over financial reporting

There
were no other changes in our internal controls over financial reporting during the three months ended June 30, 2025 that have materially
affected, or are reasonably likely to materially affect, our internal controls over financial reporting. Based on our evaluation under
the COSO framework, management concluded that, as of such date, our internal controls over financial reporting were not effective as
of the end of the period covered by this interim report on Form 10-Q due to material weaknesses as described herein. A material
weakness is a control deficiency (within the meaning of the Public Company Accounting Oversight Board (United States) Auditing Standard
No. 2) or combination of