0001607062-20-000085.txt : 20200401 0001607062-20-000085.hdr.sgml : 20200401 20200401091127 ACCESSION NUMBER: 0001607062-20-000085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200401 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20200401 DATE AS OF CHANGE: 20200401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MOJO Organics, Inc. CENTRAL INDEX KEY: 0001414953 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 260884348 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55269 FILM NUMBER: 20763907 BUSINESS ADDRESS: STREET 1: 185 HUDSON STREET STREET 2: FLOOR 25 CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: (929) 264-7944 MAIL ADDRESS: STREET 1: 185 HUDSON STREET STREET 2: FLOOR 25 CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: Mojo Organics, Inc. DATE OF NAME CHANGE: 20120209 FORMER COMPANY: FORMER CONFORMED NAME: Mojo Ventures, Inc. DATE OF NAME CHANGE: 20110518 FORMER COMPANY: FORMER CONFORMED NAME: Mojo Ventures, Inc DATE OF NAME CHANGE: 20110506 8-K 1 mojo040120form8k.htm FORM 8-K

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): April 1, 2020

MOJO Organics, Inc.
(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. ☐

 

 

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SECTION 8 – Other Events

 

Item 8.01Other Events

 

On April 1, 2020, we issued a press release concerning the Company’s recent results of operations for the three months ended March 31, 2020. 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 9.01Financial Statements and Exhibits

 

99.1 Press release, dated April 1, 2020

 

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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.

 

MOJO Organics, Inc.

 

 

/s/ Glenn Simpson

Glenn Simpson
Chairman and CEO

 

Date: April 1, 2020

 

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 EX-99.1 2 ex99_1.htm EXHIBIT 99.1

MOJO Organics Inc. Reports its 2020 First Quarter Results and its 2019 Calendar Year Results.

JERSEY CITY, N.J., April 1, 2020// -- MOJO Organics, Inc. (OTC: MOJO) reported its results of operations for the quarter ended March 31, 2020, and its 2019 calendar year results. The 2019 10-K was filed on March 30, 2020 with the United States Securities and Exchange Commission it is expected that the 10-Q will be filed in early April.

 

Highlights include:

•Q 1 Net Revenue increased to $440,090 from $408,497 the highest first quarter revenue in the company’s history.
•Operating Margin was 46% compared to 51% for 2019
•Net loss decreased to $56,613 from a net loss of $78,147 in 2019, resulting in an $21,532, (28%) improvement.

 

•Full year 2019 revenue increased to $1,743,021 from $1,688,827 the prior year.
•Operating Margin increased to 48% from 47% the prior year.
•Net loss decreased to $297,699 from $423,260 a $125,561 or 30% improvement from the prior year.

 

During the first quarter of 2020 we focused on mitigating possible supply chain disruptions due to the coronavirus. Also due to vast closure of business, we shifted our sales efforts to focus on grocery and on line sales. Also, during the first quarter we continued focusing on adding productive efficient distributors and brokers.

 

We continued to simplify our capital structure and financial reporting to provide investors with an easy to understand investment decision. As of March 31, 2020, the company had 1.5 million warrants outstanding with an exercise price of 40 cents per share. The warrants expire this year on August 19.

 

We also repurchased 25,000 shares of common stock during the first quarter of 2020.

 

For additional information contact Glenn Simpson CEO MOJO Organics, Inc. at 929 264 7944 Stock Symbol: MOJO

Note:

The global coronavirus (COVID-19) pandemic has caused disruptions in supply chains, affecting production and sales across a range of industries. While this disruption is currently expected to be temporary, there is considerable uncertainty around the duration. 

 

The extent of the impact of COVID-19 on our operational and financial performance will depend on the effect on our customers and vendors – all of which are uncertain and cannot be predicted. The related financial impact cannot be reasonably estimated at this time

 

Important Cautions Regarding 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.