8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 1, 2024

EQUATOR Beverage Company

(Exact name of registrant as specified in its charter)

Delaware	000-55269	26-0884348
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

185 Hudson Street, Floor 25 Jersey City, New Jersey	07302
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 929-264-7944

 _______________________________________________

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

SECTION 8 – OTHER EVENTS

Item 8.01. Other Events.

On October 1, 2024, we issued a press release concerning the Company’s unaudited results of operations for the third quarter of 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 8.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

SECTION 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

99.1	Press release, dated October 1, 2024
104	Cover Page Interactive Data File (embedded within the Inline XBRL Document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EQUATOR Beverage Company

/s/ Glenn Simpson

Glenn Simpson

Chairman & CEO

Date: October 1, 2024

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EX-99.1

EXHIBIT 99.1

EQUATOR Beverage Company Reports Third Quarter 2024 Financial Results

Third quarter revenue of $1,061,539, up 57% year over year

Third quarter gross profit of $357,071, up 16% year over year

Third quarter net income of $70,449, up 231% year over year

JERSEY CITY, NJ, October 1, 2024 -- EQUATOR Beverage Company (OTC: MOJO), maker of MOJO Energy and MOJO Coconut Water premium lifestyle functional beverages today reported record third quarter 2024 financial results. The Form 10Q is expected to be filed on October 25, 2024 with the US Securities and Exchange Commission.

Summary Financials	3Q 2024		3Q 2023			Increase
Revenue	$	1,061,539	$	675,947		$	385,592
Gross Profit	$	357,071	$	308,685		$	48,386
Net Income	$	70,449	$	(53,911	)	$	124,360

Glenn Simpson, Chairman & CEO of EQUATOR Beverage Company, said “EQUATOR Beverage had its highest ever third quarter revenue. Driving revenue was a gain in shelf space and new points of sale. Unit cases sold increased proportionally to the increase in sales revenue.  Our solid $357,071 third quarter gross profit reflects a balanced and disciplined approach to growth while simultaneously building the business despite a significant increase in ocean freight cost.”

FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER 2024

Revenue for the third quarter increased 57% to $1,061,539 compared to $675,947 for the prior-year, driven primarily by grocery store shelf space increases and online sales.  We saw sustaining consumer demand growth, and overall channel growth.  Same stores growth was also up year over year.  Gross profit for the third quarter of 2024 increased to $357,071 compared to $308,685 for the prior-year quarter. Gross profit as a percentage of revenue was 34% for the three months ended September 30, 2024.  This was very positive despite a 300 percent increase in ocean shipping costs.

This marks the fourth quarter of consecutive revenue growth year over year.

For the nine months ended September 30, 2024, revenue was $2,547,514 compared to $1,780,059 for the same period last year. The trailing 2024 12-month revenue was $3,055,727 compared to $2,131,819 for the same period last year.

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Contact:

Glenn Simpson Chairman & CEO

EQUATOR Beverage Company

917 574 1690 

GlennSimpson@EquatorBeverage.Com

Symbol Ticker: MOJO 

Website: www.equatorbeverage.com

Forward-Looking Statements

This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.

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XML

Cover	Oct. 01, 2024
Cover [Abstract]
Entity Registrant Name	EQUATOR Beverage Company
Entity Central Index Key	0001414953
Document Type	8-K
Amendment Flag	false
Entity Emerging Growth Company	false
Document Period End Date	Oct. 01, 2024
Entity File Number	000-55269
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	26-0884348
Entity Address Address Line 1	185 Hudson Street
Entity Address Address Line 2	Floor 25
Entity Address City Or Town	Jersey City
Entity Address State Or Province	NJ
Entity Address Postal Zip Code	07302
City Area Code	929
Local Phone Number	264-7944
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false