Company: JSDA
Filing Date: 2025-07-03
Form Type: S-1
Source: 0001641172-25-017818
Chunk: 14

Company: JONES SODA CO.
Filing Date: 2025-07-03
Form: S-1
Chunk 14
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) | Each                                                                                                                                        
 $1.00 increase (decrease) in the assumed public offering price of $                                                                         
 per share, which is the last reported sales price of our common stock OTCQB on                ,                                             
 2025, would increase (decrease) the as adjusted amount of each of cash, working capital, total assets and total shareholders’               
 equity (deficit) by approximately $              million, assuming                                                                          
 that the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same and after deducting            
 underwriting discounts and commissions and estimated offering expenses payable by us. Similarly, each increase (decrease) of 100,000        
 shares in the number of shares offered by us at the assumed public offering price of $                                                      
 per share, which is the last reported sales price of our common stock OTCQB on              ,                                               
 2025, would increase (decrease) the as adjusted amount of each of cash, working capital, total assets and total shareholders’               
 equity (deficit) by approximately $                 million.                                                                                
 These unaudited adjustments are based upon available information and certain assumptions we believe are reasonable under the circumstances. |

| 7 |

<div align='center'>UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION</div>

On June 19, 2025,
the Company entered into the SPA with the MJ Subsidiaries and the Buyer pursuant to which, on June 19, 2025 (the “Closing Date”),
the Buyer purchased all of the issued and outstanding shares of the MJ Subsidiaries from the Company for the Share Purchase Price and
inventory as set forth in the SPA (the “Sale Transaction”) for approximately $61,000. The Share Purchase Price was paid as
follows: (i) $489,398.70 was paid on the Closing Date and (ii) $2,510,601.30 was paid pursuant to the issuance of the Note in the principal
amount of $2,510,601.30. The Note accrues interest at the lower of 3% per annum and the lowest amount permitted by law; provided, however,
if the Buyer satisfies its obligations under the Note, in full, pursuant to the terms thereof, any interest accrued pursuant to the Note
shall be waived. Notwithstanding the foregoing, upon the occurrence of an Event of Default (as defined in the Note), the outstanding