1 unchanged sentence
UNRESOLVED STAFF COMMENTS
−Removed: LEGAL PROCEEDINGS
−Removed: We are not a party to any legal or administrative proceedings and are not aware of any pending or threatened legal or administrative proceedings against the Company in all material aspects.
−Removed: We could from time to time become a party to various legal or administrative proceedings arising in the course of our business.
MINE SAFETY DISCLOSURE
1 unchanged sentence
The Company’s Common Stock is currently quoted on the OTCQB under the symbol MOJO.
−Removed: For the period January 1, 2023 to September 30, 2024, 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:
−Removed: Third Quarter 2024
−Removed: Second Quarter 2024
−Removed: First Quarter 2024
−Removed: Fourth Quarter 2023
−Removed: Third Quarter 2023
−Removed: Second Quarter 2023
−Removed: First Quarter 2023
+Added: For the period January 1, 2024 to March 1, 2025, the following table sets forth the high and low 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: January 1 to March 31, 2025
+Added: October 1 to December 31, 2024
+Added: July 1 to September 30, 2024
+Added: April 1 to June 30, 2024
+Added: January 1 to March 31, 2024
*Volume-Weighted Average Price
2 unchanged sentences
Recent Sales of Unregistered Securities, Use of Proceeds from Registered Securities
−Removed: There were no sales of unregistered securities during the nine months ended September 30, 2024 and 2023.
+Added: There were no sales of unregistered securities during the three months ended March 31, 2025 and 2024.
Issuer Purchases of Equity Securities
−Removed: During the quarter ended September 30, 2024, the Company did not repurchase any shares of EQUATOR Common Stock from shareholders.
−Removed: During the year ended December 31, 2023, the Company repurchased 401,269 shares of EQUATOR Common Stock from shareholders at a total cost of $51,814.
−Removed: The shares were cancelled
+Added: During the quarters ended March 31, 2025 and 2024, the Company did not repurchase any shares of EQUATOR Common Stock from shareholders.
SELECTED FINANCIAL DATA
DIRECTORS, EXECUTIVE OFFICER, AND CORPORATE GOVERNANCE
−Removed: Executive Officer and Directors
−Removed: Below are the names and certain information regarding our current executive officer and directors:
+Added: Executive Officer and Director
+Added: Below is the name and certain information regarding our current executive officer and director:
Glenn Simpson
36 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 nine months ended September 30, 2024 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 March 31, 2025 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: $ 122,610 (2)
Pursuant to Mr.
−Removed: Simpson’s employment agreement dated January 1, 2024, Mr.
−Removed: Simpson is paid a salary of $9,000 per month in cash from the months of January to June 2024 and $9,500 per month in cash from the months of July to December 2024.
−Removed: The Company is obligated to grant Mr.
−Removed: Simpson 67,000 shares of non-trading, restricted Common Stock per month.
+Added: Simpson’s employment agreement effective January 1, 2025 Mr.
+Added: Simpson is paid a salary of $9,500 per month.
Pursuant to Mr.
−Removed: Simpson’s employment agreement amended September 1, 2022, Mr.
+Added: Simpson’s employment agreement dated January 1, 2024, Mr.
Simpson is paid a salary of $9,000 per month in cash and the Company is obligated to grant Mr.
−Removed: Simpson 67,000 shares of restricted, non-trading common stock per month.
−Removed: During the nine months ended September 30, 2024, 402,000 shares of restricted, non-trading common stock were issued to Mr.
−Removed: During the nine months ended September 30, 2023, 603,000 shares of restricted, non-trading common stock were issued to Mr.
+Added: Simpson 67,000 shares of non-trading, restricted common stock per month.
+Added: During the three months ended March 31, 2025, 0 shares of restricted, non-trading common stock were issued to Mr.
+Added: During the three months ended March 31, 2024, 201,000 shares of restricted, non-trading common stock were issued to Mr.
Director Compensation
−Removed: The non-employee director did not receive cash compensation for serving as such, for serving on committees (if any) of the Board of Directors or for special assignments.
−Removed: Board members are not reimbursed for expenses incurred in connection with attending meetings.
+Added: During the three months ended March 31, 2025 and 2024, there was no non-employee director.
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 September 30, 2024 by:
+Added: The following table sets forth information with respect to the beneficial ownership of our Common Stock known by us as of March 31, 2025:
each director;
45 unchanged sentences
EQUATOR BEVERAGE COMPANY
−Removed: November 1, 2024
/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.