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

Company: JONES SODA CO.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 10
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expense) 
     -  
     20  
        
     20 
  
    Tax expenses 
     (60) 
     -  
     (60) 
     - 
  
    Net income (loss) from discontinued operations 
    $(41) 
    $3  
    $199  
    $273 

3. Inventory

Inventory
consisted of the following:

 Schedule of Inventory

    June 30, 2025 (in thousands)  
    December 31, 2024  (in thousands) 
  
    Finished goods 
    $1,818  
    $2,198 
  
    Raw materials 
     1,453  
     1,166 
  
    Inventory, Net 
    $3,271  
    $3,364 

Finished
goods primarily consist of products ready for shipment and promotional merchandise held for sale. Raw materials include ingredients,
concentrate, and packaging materials. For the three months ended June 30, 2025 and 2024, the Company recorded obsolete inventory expenses
(recovery) of approximately $0.01 million and $0.01 million, respectively. For the six months ended June 30, 2025 and 2024,
the Company recorded obsolete inventory expenses of approximately $0.04 million and $0.05 million, respectively.

    13

4. Fixed Assets, net

 Schedule of Fixed Assets, Net

    June 30, 2025 (in thousands)  
    December
                                                                               31, 2024 (in thousands) 
  
    Vehicles 
    $           65  
    $         65 
  
    Equipment 
     199  
     203 
  
    Office and computer equipment 
     262  
     262 
  
    Property, plant and equipment, gross 
     526  
     530 
  
    Accumulated depreciation 
     (452) 
     (422)
  
    Property, plant and equipment,
    net 
    $74  
    $108 

5. Accrued Expenses

Accrued
expenses consisted of the following as of June 30, 2025 and December 31, 2024:

 Schedule of Accrued Expenses

    June 30, 2025 (in thousands)  
    December
                                                                               31, 2024 (in thousands)