What changed in this filing

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Item 1. Financial Statements

2023-03-17 compared with 2023-03-17 · 153 added, 170 removed, 350 unchanged (48% of the section changed)

2 unchanged sentences

CONSOLIDATED BALANCE SHEETS

July 31, 2021

April 30, 2021

October 31, 2020

2 unchanged sentences

Prepaid expenses and other current assets

Due from broker

Prepaid and refundable income taxes

TOTAL CURRENT ASSETS

Buildings, machinery and equipment, at cost, net of accumulated depreciation of $ 8,068,230 and $ 7,610,864 for 2021 and 2020, respectively

Machinery and equipment, at cost, net of accumulated depreciation of $ 7,916,941 and $ 7,610,864 for 2021 and 2020, respectively

Customer list and relationships, net of accumulated amortization of $ 215,755 and $ 194,379 for 2021 and 2020, respectively

8 unchanged sentences

Accounts payable and accrued expenses

Line of credit - current portion

Lease liability – current portion

4 unchanged sentences

Deferred income tax liabilities

Line of credit net of current portion

Lease liability net of current portion

Note payable net of current portion

Line of credit

Lease liability

Note payable – long term

Deferred compensation payable

TOTAL LIABILITIES

Commitments and Contingencies (see Note 8)

Commitments and Contingencies

STOCKHOLDERS’ EQUITY:

14 unchanged sentences

Non-controlling interest

TOTAL STOCKHOLDERS’ EQUITY

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

2 unchanged sentences

CONSOLIDATED STATEMENTS OF OPERATIONS

AND THREE MONTHS ENDED JULY 31, 2021 AND 2020

Nine Months Ended

AND THREE MONTHS ENDED APRIL 30, 2021 AND 2020

Six Months Ended

Three Months Ended

5 unchanged sentences

Officers’ salaries

INCOME (LOSS) FROM OPERATIONS

INCOME FROM OPERATIONS

OTHER INCOME (EXPENSE)

2 unchanged sentences

Interest expense

INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY

Provision for (benefit) from income taxes

NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY

INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY

Provision for income taxes

NET INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY

Net (income) loss attributable to the non-controlling interest

7 unchanged sentences

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

AND NINE MONTHS ENDED JULY 31, 2021 AND 2020

AND SIX MONTHS ENDED APRIL 30, 2021 AND 2020

Treasury Stock

4 unchanged sentences

Stock Compensation

Income from non-Controlling Interest

Non-Controlling Interest

Balance, January 31, 2020

1 unchanged sentence

Stock Compensation

Income from non-Controlling Interest

Non-Controlling Interest

Balance, April 30, 2020

$ ( 4,633,560 )

Stock Compensation

Loss from non-Controlling Interest

Balance, July 31, 2020

$ ( 4,633,560 )

Balance, October 31, 2020

1 unchanged sentence

Stock Compensation

Income from non-Controlling Interest

Non-Controlling Interest

Balance, January 31, 2021

1 unchanged sentence

Stock Compensation

Loss from non-Controlling Interest

Net income (loss)

Non-Controlling Interest

Balance, April 30, 2021

$ ( 4,633,560 )

Income (loss)

from non-Controlling Interest

(loss) from non-Controlling Interest

July 31, 2021

Notes to Condensed Consolidated Financial Statements

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CASH FLOWS

MONTHS ENDED JULY 31, 2021 AND 2020

MONTHS ENDED APRIL 30, 2021 AND 2020

OPERATING ACTIVITIES:

11 unchanged sentences

Accounts payable and accrued expenses

( 1,437,428 )

Deposits and other assets

3 unchanged sentences

INVESTING ACTIVITIES:

Purchases of building, machinery and equipment

( 1,491,233 )

Purchases of machinery and equipment

Net cash used in investing activities

( 1,491,233 )

FINANCING ACTIVITIES:

Advances under bank line of credit

Proceeds from PPP loan

Principal payments on note payable

5 unchanged sentences

( 2,060,862 )

NET INCREASE (DECREASE) IN CASH

NET INCREASE IN CASH

CASH, BEGINNING OF PERIOD

3 unchanged sentences

CONSOLIDATED STATEMENTS OF CASH FLOWS

MONTHS ENDED JULY 31, 2021 AND 2020

MONTHS ENDED APRIL 30, 2021 AND 2020

SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:

4 unchanged sentences

Initial recognition of operating lease liabilities

Termination of operating lease right of use asset

Termination of operating lease liability

Machinery and equipment acquired through financing

37 unchanged sentences

and transport restrictions, mandated closures and stay-at-home orders, and created significant disruption of the financial markets.

continuing impact on the Company’s business, including the decrease in the Company’s sales, the length and impact of stay-at-home

orders and/or regional quarantines, labor shortages and employment trends, disruptions to supply chains, including the Company’s

ability to obtain products from global suppliers, higher operating costs, the form and impact of economic stimulus and general overall

economic instability, has contributed to and may continue to have a material adverse effect on the Company’s business, results

of operations, financial condition and cash flows.

continuing impact on the Company’s business, including the decrease in our sales, the length and impact of stay-at-home orders

and/or regional quarantines, labor shortages and employment trends, disruptions to supply chains, including its ability to obtain products

from global suppliers, higher operating costs, the form and impact of economic stimulus and general overall economic instability, has

contributed to and may continue to have a material adverse effect on the Company’s business, results of operations, financial condition

and cash flows.

At this time the full impact could not be determined.

2 unchanged sentences

2 - BASIS OF PRESENTATION, RESTATEMENT AND SIGNIFICANT ACCOUNTING POLICY:

Company’s fiscal year ends on October 31, of each calendar year.

The accompanying interim condensed consolidated financial statements

are unaudited and have been prepared on substantially the same basis as our annual consolidated financial statements for the fiscal year

ended October 31, 2020.

In the opinion of the Company’s management, these interim condensed consolidated financial statements reflect

all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of our financial position,

results of operations and cash flows for the periods presented.

The preparation of financial statements in conformity with generally

accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities

and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts

of revenue and expenses during the reporting periods.

Actual results could differ from these estimates.

The October 31, 2020 year-end

condensed consolidated balance sheet data in this document was derived from audited consolidated financial statements.

These condensed

consolidated financial statements and notes included in this quarterly report on Form 10-Q does not include all disclosures required

generally accepted accounting principles (“U.S.

GAAP”) and should be read in conjunction with the Company’s

audited consolidated financial statements as of and for the year ended October 31, 2020 and notes thereto included in the Company’s

fiscal 2020 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on February 16,

2021 (the “2020 10-K”).

The results of operations and cash flows for the interim periods included in these condensed consolidated

financial statements are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.

following (a) condensed consolidated balance sheet as of April 30, 2021, which has been derived from audited financial statements, and

(b) the unaudited interim condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the

Securities and Exchange Commission (the “SEC”).

Certain information and footnote disclosures normally included in financial

statements prepared in accordance with generally accepted accounting principles (“U.S.

GAAP”) have been condensed or omitted

pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information

not misleading.

It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial

statements and the notes thereto included in the Company’s latest shareholders’ annual report on Form 10-K filed with the

SEC on February 16, 2021 for the fiscal year ended October 31, 2020 (“Form 10-K”).

the opinion of management, all adjustments (which include normal and recurring nature adjustments) necessary to present a fair statement

of the Company’s financial position as of April 30, 2021 and 2020, and results of operations for the three and six months ended

April 30, 2021 and 2020 and the cash flows for the six months ended April 30, 2021 and 2020 as applicable, have been made.

results of operations for the three and six months ended April 30, 2021 and 2020 are not necessarily indicative of the operating results

for the full fiscal year or any future periods.

condensed consolidated financial statements include the accounts of the Company, the Company’s subsidiaries, Organic Products Trading

2 unchanged sentences

Company, LLC (“GCC”), the entity formed as a result of the Company’s joint venture with Caruso’s Coffee, Inc.

The Company owns a 60 % equity interest in GCC.

The Company owns a 60 %

equity interest in GCC.

All inter-company transactions and balances have been eliminated in consolidation.

Company is restating its condensed consolidated statement of operations for the six and nine months ended July 31, 2020 to correct its

accounting for certain intercompany transactions that should have been eliminated in consolidation.

The restatement is being made in

accordance with ASC 250, “Accounting Changes and Error Corrections.” The disclosure provision of ASC 250 requires a company

Company is restating its condensed consolidated statement of operations for the three and six months ended April 30, 2020 to correct

its accounting for certain intercompany transactions that should have been eliminated in consolidation.

The restatement is being made

in accordance with ASC 250, “Accounting Changes and Error Corrections.” The disclosure provision of ASC 250 requires a company

that corrects an error to disclose that its previously issued financial statements have been restated, a description of the nature of

1 unchanged sentence

presented, and the cumulative effect on retained earnings in the statement of financial position as of the beginning of each period presented.

effects of the adjustment on the Company’s previously issued July 31, 2020 condensed consolidated statement is summarized as follows:

Condensed Consolidated Statement of Operations for the quarter ended July 31, 2020

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2 - BASIS OF PRESENTATION, RESTATEMENT AND SIGNIFICANT ACCOUNTING POLICY (cont’d):

effects of the adjustment on the Company’s previously issued April 30, 2020 condensed consolidated statement is summarized as follows:

Condensed Consolidated Statement of Operations for the three months ended April 30, 2020.

SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS

3 unchanged sentences

$ ( 12,839,425 )

Condensed Consolidated Statement of Operations for the nine months ended July 31, 2020

Condensed Consolidated Statement of Operations for the six months ended April 30, 2020.

$ ( 4,908,483 )

2 unchanged sentences

$ ( 26,851,714 )

Accounting Policy

Accounting Policies

significant accounting policies used in the preparation of these condensed consolidated financial statements are disclosed in our 2020

10-K, and there have been no changes to the Company’s significant accounting policies during the three and nine months ended July

10-K, and there have been no changes to the Company’s significant accounting policies during the three and six months ended April

Company recognizes revenue in accordance with the five-step model as prescribed by the Financial Accounting Standards Board (“FASB”)

7 unchanged sentences

a performance obligation.

following table presents revenues by stream for the six and three months ended April 30, 2021 and 2020.

Six Months Ended

April 30, 2021

Three Months Ended

April 30, 2021

previously reported) Six Months Ended

April 30, 2020

restated) Six Months Ended

April 30, 2020

previously reported) Three Months Ended

April 30, 2020

restated) Three Months

April 30, 2020

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2 - BASIS OF PRESENTATION, RESTATEMENT AND SIGNIFICANT ACCOUNTING POLICY (cont’d):

following table presents revenues by stream for the nine and three months ended July 31, 2021 and 2020.

SCHEDULE OF REVENUE

Nine Months Ended July 31, 2021

Three Months Ended July 31, 2021

previously reported) Nine Months Ended

July 31, 2020

(Restated) Nine Months

July 31, 2020

(As previously reported)

Three Months Ended

July 31, 2020

3 - INVENTORIES :

at July 31, 2021 and October 31, 2020 consisted of the following:

SCHEDULE OF INVENTORIES

at April 30, 2021 and October 31, 2020 consisted of the following:

OF INVENTORIES

Packed coffee

Roasters and parts

Packaging supplies

HOLDING CO., INC.

10 unchanged sentences

at fair value in the condensed consolidated financial statements with current recognition of gains and losses on such positions.

Company’s accounting for options and futures contracts may impact earnings volatility in any particular period.

Company’s accounting for options and futures contracts may increase earnings volatility in any particular period.

Company has open position contracts held by the broker, which are summarized as follows:

SCHEDULE OF CONTRACTS HELD BY BROKER

OF CONTRACTS HELD BY BROKER

Option Contracts

$ ( 164,475 )

Future Contracts

1 unchanged sentence

$ ( 452,325 )

Company classifies its options and future contracts as trading securities and accordingly, unrealized holding gains and losses are included

in the statement of operations as a component of cost of sales and not reflected as a net amount as a separate component of stockholders’

Company recorded realized and unrealized gains and losses, on these contracts as follows:

SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS

Months Ended July 31,

realized gains

realized losses

Months Ended July 31,

realized gains

realized losses

Company recorded realized and unrealized gains and losses respectively, on these contracts as follows:

SCHEDULE OF REALIZED

AND UNREALIZED GAINS AND LOSSES ON CONTRACTS

Three Months Ended April 30,

Gross realized gains

Gross realized losses

Unrealized gain

Six Months Ended April 30,

Gross realized gains

Gross realized losses

Unrealized gain (loss)

$ ( 271,958 )

HOLDING CO., INC.

17 unchanged sentences

and preferred stock), and restrictions on intercompany transactions.

The Company was in compliance with all covenants as of July 31,

The Company was in compliance with all covenants as of April 30,

2021 and October 31, 2020.

The outstanding balance on the Company’s lines of credit were $ 2,500,000 and $ 3,796,822 as of July 31,

The outstanding balance on the Company’s lines of credit were $ 2,500 and $ 3,796,822 as of April 30,

2021 and October 31, 2020, respectively.

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

6 - INCOME TAXES :

7 unchanged sentences

deferred tax assets and liabilities.

of July 31, 2021 and October 31, 2020, the Company did no t have any unrecognized tax benefits or open tax positions.

of April 30, 2021 and October 31, 2020, the Company did no t have any unrecognized tax benefits or open tax positions.

The Company’s

practice is to recognize interest and/or penalties related to income tax matters in income tax expense.

As of July 31, 2021 and October

As of April 30, 2021 and October

31, 2020, the Company had no accrued interest or penalties related to income taxes.

9 unchanged sentences

subject to examination by their respective taxing authorities for the years before fiscal 2017.

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

7 - EARNINGS PER SHARE :

7 unchanged sentences

weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 5,708,599 and 5,569,349

for the three and nine months ended July 31, 2021 and 2020, respectively.

for the three and six months ended April 30, 2021 and 2020, respectively.

The Company has granted 1,000,000 options which have not been

included in the calculation of diluted earnings per share due to their anti-dilutive nature.

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

8 – COMMITMENTS AND CONTINGENCIES :

ACTION COMPLAINTS

Company was named as a defendant in a putative class action lawsuit filed in the United States District Court for the Northern District

of Illinois on or about December 21, 2020.

The plaintiffs, Eileen Brodsky and Rhonda Diamond, purporting to represent a class of individuals

who purchased coffee products at Aldi, Inc.

(“Aldi”), a supermarket chain, generally allege that Aldi sold private label

coffee products manufactured by the Company and another coffee roasting company, which falsely described the number of cups of coffee

that could be made from the amount of product purchased.

The Company was named as a defendant in

a putative class action lawsuit filed in the United States District Court for the Northern District of Illinois on or about December

The plaintiffs, Eileen Brodsky and Rhonda Diamond, purporting to represent a class of individuals who purchased coffee products

at Aldi, Inc.

(“Aldi”), a supermarket chain, generally allege that Aldi sold private label coffee products manufactured by

the Company and another coffee roasting company, which falsely described the number of cups of coffee that could be made from

the amount of product purchased.

Aldi and Pan American are also named as defendants in the action.

The complaint

asserts a variety of claims under New York and California consumer protection laws, and seeks unspecified monetary damages, including

disgorgement and restitution, as well as other forms of relief including class certification, declaratory and injunctive relief, attorneys’

fees, and interest.

The Company believes the allegations in the complaint are wholly without merit and that the claims asserted are legally

deficient, and the company intends to vigorously defend the action.

The Company has filed a motion to dismiss, and the plaintiff has

sought leave to file an amended complaint.

The complaint asserts a variety of

claims under New York and California consumer protection laws, and seeks unspecified monetary damages, including disgorgement and restitution,

as well as other forms of relief including class certification, declaratory and injunctive relief, attorneys’ fees, and interest.

The Company believes the allegations in the complaint are wholly without merit and that the claims asserted are legally deficient, and

the company intends to vigorously defend the action.

The Company has filed a motion to dismiss, and the plaintiff has sought leave

to file an amended complaint.

At this time, the Company is unable to predict the ultimate outcome of this lawsuit.

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unable to predict the ultimate outcome of this lawsuit.

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

8 - COMMITMENTS AND CONTINGENCIES (cont’d):

ACTION COMPLAINTS (cont’d)

number of lawsuits similar to those above have been filed in recent years against coffee sellers in the industry in which the Company

2 unchanged sentences

following summarizes the Company’s operating leases:

SCHEDULE OF OPERATING LEASES

July 31, 2021

OF OPERATING LEASE

April 30, 2021

Right-of-use operating lease assets

2 unchanged sentences

Total lease liability

amortization of the right-of-use asset for the nine and three months ended July 31, 2021 was $ 321,921 and $ 95,766 , respectively.

July 31, 2021

amortization of the right-of-use asset for the six and three months ended April 30, 2021 was $ 226,155 and $ 112,587 , respectively.

April 30, 2021

Average remaining lease term

1 unchanged sentence

of lease liabilities by year for our operating leases are as follows:

SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS

2021 (remaining three months)

OF MINIMUM FUTURE LEASE PAYMENTS

2021 (remaining six months)

Total lease payments

1 unchanged sentence

Present value of operating lease liabilities

aggregate cash payments under these leasing agreements was $ 442,118 for the nine months ended July 31, 2021.

June 2021, the Company purchased a facility in Colorado for $ 900,321 that it was previously leasing.

On the date of purchase, the Company

wrote off the carrying value of the right-of-use asset and lease liability associated with this facility of $ 242,888 .

aggregate cash payments under these leasing agreements was $ 300,306 for the six months ended April 30, 2021.

HOLDING CO., INC.

2 unchanged sentences

Approximately

21 % and 23 % of the Company’s sales were derived from six customers during the three and nine months ended July 31, 2021, respectively.

These customers also accounted for approximately $ 1,297,343 of the Company’s accounts receivable balance at July 31, 2021.

23 % and 24 % of the Company’s sales were derived from six customers during the three and six months ended April 30, 2021, respectively.

These customers also accounted for approximately $ 2,094,000 of the Company’s accounts receivable balance at April 30, 2021.

Approximately

23 % and 27 % of the Company’s sales were derived from six customers during the three and nine months ended July 31, 2020, respectively.

These customers also accounted for approximately $ 1,907,000 of the Company’s accounts receivable balance at July 31, 2020.

Concentration

of credit risk with respect to other trade receivables is limited due to the short payment terms generally extended by the Company, by

ongoing credit evaluations of customers, and by maintaining an allowance for doubtful accounts that management believes will adequately

provide for credit losses.

28 % of the Company’s sales were derived from six customers during the three and six months ended April 30, 2020.

These customers

also accounted for approximately $ 3,557,000 of the Company’s accounts receivable balance at April 30, 2020.

Concentration of credit

risk with respect to other trade receivables is limited due to the short payment terms generally extended by the Company, by ongoing

credit evaluations of customers, and by maintaining an allowance for doubtful accounts that management believes will adequately provide

for credit losses.

Approximately

50 % and 34 % of the Company’s purchases were from six vendors for the three and nine months ended July 31, 2021, respectively.

vendors accounted for approximately $ 718,000 of the Company’s accounts payable at July 31, 2021.

Approximately 27 % and 29 % of the

Company’s purchases were from six vendors for the three and nine months ended July 31, 2020, respectively.

27 % and 28 % of the Company’s purchases were from six vendors for the three and six months ended April 30, 2021, respectively.

vendors accounted for approximately $ 386,000 of the Company’s accounts payable at April 30, 2021.

Approximately 30 % of the

Company’s purchases were from six vendors for the three and six months ended April 30, 2020, respectively.

These vendors accounted

for approximately $ 508,000 of the Company’s accounts payable at July 31, 2020.

for approximately $ 971,000 of the Company’s accounts payable at April 30, 2020.

Management does not believe the loss of any one

3 unchanged sentences

Included in contract labor expense are

expenses incurred from the Partner during the three and nine months ended July 31, 2021 of $ 91,207 and $ 253,932 , respectively and $ 110,369

and $ 307,569 , respectively for the three and nine months ended July 31, 2020, for the processing of finished goods.

expenses incurred from the Partner during the three and six months ended April 30, 2021 of $ 88,032 and $ 162,725 , respectively and $ 94,429

and $ 197,200 , respectively for the three and six months ended April 30, 2020, for the processing of finished goods.

These amounts are

1 unchanged sentence

employee of one of the top five vendors is a director of the Company.

Purchases from that vendor totaled approximately $ 1,716,000 and

$ 2,451,000 for the three and nine months ended July 31, 2021, respectively and $ 1,461,000 and $ 4,466,000 for the three and nine months

ended July 31, 2020, respectively.

Purchases from that vendor totaled approximately $ 0

and $ 734,000

for the three and six months ended April 30,

2021 and 2020, respectively and $ 1,672,000

and $ 3,005,000

for the three and six months ended April 30,

2020, respectively.

These amounts are reflected in cost of sales in the statement of operations.

The corresponding accounts

payable balance to this vendor was $ 50,500 at July 31, 2021 and October 31, 2020.

The corresponding accounts payable balance

to this vendor was $ 0 at April 30, 2021 and October 31, 2020.

January 2005, the Company established the “Coffee Holding Co., Inc.

8 unchanged sentences

The assets are included in the Deposits and other assets in the accompanying balance

The deferred compensation asset and liability at July 31, 2021 and October 31, 2020 were $ 304,335 and $ 276,548 , respectively.

The deferred compensation asset and liability at April 30, 2021 and October 31, 2020 were $ 307,476 and $ 276,548 , respectively.

HOLDING CO., INC.

4 unchanged sentences

the last-in, first-out method.

The Company did not purchase any shares during the three and nine months ended July 31, 2021 and the

The Company did not purchase any shares during the three and six months ended April 30, 2021 and the

year ended October 31, 2020.

4 unchanged sentences

January 31, 2021, the Board of Directors approved 1,000,000 options.

As of July 31, 2021 all options are outstanding.

Company recorded $ 189,768 and $ 569,305 of stock-based compensation for the three and nine months ended July 31, 2021 and $ 189,769 and

$ 678,709 for the three and nine months ended July 31, 2020, respectively.

remaining unamortized stock compensation expense as of July 31, 2021 was approximately $ 595,589 , which will be expensed over a weighted

average period of nine months.

Company recorded $ 189,769 and $ 379,537 of stock-based compensation for the three and six months ended April 30, 2021 and $ 240,909

and $ 488,940 for the three and six months ended April 30, 2020, respectively.

remaining unamortized stock compensation expense as of April 30, 2021 was approximately $ 785,357 , which will be expensed over a weighted

average period of one year.

12 - SUBSEQUENT EVENTS :

1 unchanged sentence

Based upon the

evaluation, the Company did identify a subsequent event that requires disclosure in the condensed consolidated financial statements.

The Company made an investment of $ 2,500,000

in an entity that holds investments

in the plant-based protein drink manufacturing industry.

evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required further adjustment

or disclosure in the condensed consolidated financial statements.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q/A

Item 1. Financial Statements