5 unchanged sentences
The Company’s Common Stock is currently quoted on the OTCQB under the symbol MOJO.
−Removed: For the period January 1, 2022 to June 30, 2023, the following table sets forth the high and low closing bid prices by quarter, based upon information obtained from inter-dealer quotations without retail markup, markdown, or commission and may not necessarily represent actual transactions:
+Added: For the period January 1, 2022 to September 30, 2023, the following table sets forth the high, low and closing stock prices by quarter, based upon information obtained from inter-dealer quotations without retail markup, markdown, or commission and may not necessarily represent actual transactions:
+Added: Third Quarter 2023
Second Quarter 2023
5 unchanged sentences
*Volume-Weighted Average Price
−Removed: As of June 30, 2023, there were 16,327,596 shares issued and outstanding.
−Removed: There were 847 shareholders of record.
+Added: As of September 30, 2023, there were 16,641,096 shares issued and outstanding.
The Company has not declared a cash dividend with respect to its Common Stock.
1 unchanged sentence
Recent Sales of Unregistered Securities, Use of Proceeds from Registered Securities
−Removed: There were no sales of unregistered securities during the six months ended June 30, 2023 and 2022.
+Added: There were no sales of unregistered securities during the nine months ended September 30, 2023 and 2022.
Issuer Purchases of Equity Securities
−Removed: During the quarter ended June 30, 2023, the Company repurchased 380,019 shares of EQUATOR Restricted Common Stock from shareholders at a total cost of $38,002.
+Added: During the nine months ended September 30, 2023, the Company repurchased 380,019 shares of EQUATOR Restricted Common Stock from shareholders at a total cost of $38,002.
The shares were cancelled.
52 unchanged sentences
Under Section 16(a) of the Exchange Act, all executive officers, directors, and each person who is the beneficial owner of more than 10% of the common stock of a company that files reports pursuant to Section 12 of the Exchange Act of 1934, are required to report the ownership of such common stock, options, and stock appreciation rights (other than certain cash only rights) and any changes in that ownership with the SEC.
−Removed: To our knowledge, based solely on a review of the copies of such reports furnished to us and written representations that no other reports were required, during the three months ended June 30,2023 all Section 16(a) filing requirements applicable to our officers, directors and greater than 10% beneficial owners were complied with.
+Added: To our knowledge, based solely on a review of the copies of such reports furnished to us and written representations that no other reports were required, during the three months ended September 30,2023 all Section 16(a) filing requirements applicable to our officers, directors and greater than 10% beneficial owners were complied with.
EXECUTIVE COMPENSATION
2 unchanged sentences
Glenn Simpson, Chairman & CEO
+Added: $ 128,305 (1)
Pursuant to Mr.
−Removed: Simpson’s employment agreement (the “Amended Simpson Agreement”) amended September 1, 2022, Mr.
+Added: Simpson’s employment agreement amended September 1, 2022, Mr.
Simpson is paid a salary of $8,000 per month in cash and the Company is obligated to grant Mr.
Simpson 67,000 shares of non-trading, restricted Common Stock per month.
−Removed: Pursuant to this agreement, Mr.
−Removed: Simpson is also entitled to an annual bonus comprised of cash and stock awards for non-trading, restricted Common shares based on performance goals established by the Board of Directors of the Company.
−Removed: The cash bonus is established at $44,400 per year.
−Removed: The stock award is set at 200,000 shares of non-trading, restricted Common Stock per year through March 31, 2027.
Pursuant to Mr.
−Removed: Simpson’s employment agreement (the “Simpson Agreement”), Mr.
+Added: Simpson’s employment agreement, Mr.
Simpson is paid a salary of $5,000 per month in cash and the Company is obligated to grant Mr.
Simpson 33,500 shares of non-trading, restricted Common Stock per month.
−Removed: Pursuant to this agreement, Mr.
−Removed: Simpson is also entitled to an annual bonus comprised of cash and stock awards for non-trading, restricted Common shares based on performance goals established by the Board of Directors of the Company.
−Removed: The cash bonus is established at $44,400 per year.
−Removed: The stock award is set at 100,000 shares of non-trading, restricted Common Stock per year through March 31, 2025.
−Removed: During the six months ended June 30, 2023, 402,000 shares of Non-trading, Restricted Common Stock were issued to Mr.
−Removed: Simpson for his stock awards.
−Removed: During the six months ended June 30, 2022, 201,000 shares of Non-trading, Restricted Common Stock were issued to Mr.
−Removed: Simpson for his stock awards.
+Added: During the nine months ended September 30, 2023, 603,000 shares of Non-trading, Restricted Common Stock were issued to Mr.
+Added: During the nine months ended September 30, 2022, 402,000 shares of Non-trading, Restricted Common Stock were issued to Mr.
Simpson was also issued 350,000 shares of Non-Trading Restricted Common Stock as a one-time stock award.
−Removed: Outstanding Option Awards at June 30
−Removed: The following table sets forth information regarding stock options held by executive officers at June 30.
−Removed: As of June 30,
−Removed: Shares underlying options outstanding
−Removed: Glenn Simpson
−Removed: On February 4, 2022, the Company adjusted the exercise price of the options granted to Mr.
−Removed: Simpson from $0.32 per share to $0.16 per share.
Option Exercises in 2023 and 2022
+Added: As of September 30, 2023, there are no outstanding stock options.
On June 1, 2022, Mr.
Simpson exercised options to purchase 159,054 Restricted and Non-Trading shares at $0.16 per share.
−Removed: The total exercise value was $25,449.
+Added: The total purchase price was $25,449.
+Added: The stock closed at $0.16 on the exercise date.
+Added: There were no options outstanding after this option exercise.
Director Compensation
2 unchanged sentences
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
−Removed: The following table sets forth information with respect to the beneficial ownership of our Common Stock known by us as of June 30, 2023 by:
+Added: The following table sets forth information with respect to the beneficial ownership of our Common Stock known by us as of September 30, 2023 by:
each director;
2 unchanged sentences
Except as otherwise indicated, the persons listed below have sole voting and investment power with respect to all shares of our Common Stock owned by them, except to the extent such power may be shared with a spouse.
−Removed: Common Stock Percent
Glenn Simpson
42 unchanged sentences
EQUATOR BEVERAGE COMPANY
−Removed: August 2, 2023
+Added: October 18, 2023
/s/ Glenn Simpson
3 unchanged sentences
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.