3 unchanged sentences
Significant Accounting Policies — Accounting policies that we believe are important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts.
−Removed: Results of Operations — Analysis of our financial results comparing the quarter ended June 30, 2025 to June 30, 2024.
+Added: Results of Operations — Analysis of our financial results comparing the quarter ended September 30, 2025 to September 30, 2024.
Liquidity and Capital Resources — Analysis of changes in our cash flows, and discussion of our financial condition and potential sources of liquidity.
20 unchanged sentences
EQUATOR Beverage Company, headquartered in Jersey City, NJ, is a Delaware corporation that specializes in developing, producing, distributing, and marketing new beverage products.
−Removed: Our beverages have been certified Non-GMO Project Verified and USDA Organic, and we offer both nonalcoholic and ready-to-drink alcoholic options.
+Added: Our beverages have been certified Non-GMO Project Verified and USDA Organic, and we offer nonalcoholic ready-to-drink options.
In addition, we have a line of sparkling energy beverages.
11 unchanged sentences
Results of Operations
−Removed: Six Months Ended June 30, 2025 and 2024
−Removed: For the six months ended June 30, 2025, the Company reported revenue of $1,920,325 an increase of $434,350 or 29% from revenue of $1,485,975 for the six months ended June 30, 2025.
−Removed: The increase in revenue was due to strong demand for all products during the second quarter of 2025.
+Added: Three Months Ended September 30, 2025 and 2024
+Added: For the quarter ended September 30, 2025, the Company reported revenue of $1,184,589 an increase of $122,944 or 12% from revenue of $1,061,645 for the quarter ended September 30, 2024.
+Added: The increase in revenue was due to strong demand for all products during the third quarter of 2025.
Cost of Revenue
Cost of revenue includes finished goods purchase costs and freight in costs.
−Removed: For the six months ended June 30, 2025, cost of revenue was $1,126,694 or 59% of revenue, compared to $872,908 or 59% or revenue from the same period in 2024.
+Added: For the quarter ended September 30, 2025, cost of revenue was $607,191 or 51% of revenue, a decrease of 15 percentage points from the same period in 2024.
+Added: For the quarter ended September 30, 2024, cost of revenue was $704,370 or 66% of revenue.
+Added: The decrease in in cost of revenue was primarily due to a decrease in ocean freight costs during the third quarter of 2025 compared to the same period in 2024.
Operating Expenses
−Removed: Operating expenses for the six months ended June 30, 2025 were $540,223 compared to $527,828 for the same period in 2024 excluding restricted, non-trading stock awards issued to officers, directors and unrelated parties.
−Removed: During the six months ended June 30, 2025, 1,682 shares of restricted, non-trading common stock were issued to an unrelated party compared to 477,000 shares issued to officers, directors and employees during the same period in 2024.
−Removed: Three Months Ended June 30, 2025 and 2024
−Removed: For the quarter ended June 30, 2025, the Company reported revenue of $1,102,577 an increase of $257,256 or 30% from revenue of $845,321 for the quarter ended June 30, 2024.
−Removed: The increase in revenue was due to strong demand for all products during the second quarter of 2025.
+Added: Operating expenses for the quarter ended September 30, 2025 were $408,700 compared to $335,716 for the same period in 2024 excluding restricted, non-trading stock awards issued to officers, directors and unrelated parties.
+Added: During the quarter ended September 30, 2025, 201,000 shares of restricted, non-trading common stock were issued to officers, directors and employees compared to 269,250 shares issued to officers, directors and employees during the same period in 2024.
+Added: Nine Months Ended September 30, 2025 and 2024
+Added: For the nine months ended September 30, 2025, the Company reported revenue of $3,104,914 an increase of $557,294 or 22% from revenue of $2,547,620 for the nine months ended September 30, 2024.
+Added: The increase in revenue was due to strong demand for all products during the third quarter of 2025.
Cost of Revenue
Cost of revenue includes finished goods purchase costs and freight in costs.
−Removed: For the quarter ended June 30, 2025, cost of revenue was $629,690 or 57% of revenue, a decrease of 2 percentage points from the same period in 2024.
−Removed: For the quarter ended June 30, 2024, cost of revenue was $502,838 or 59% of revenue.
−Removed: The decrease in in cost of revenue was primarily due to a decrease in ocean freight costs during the second quarter of 2025 compared to the same period in 2024.
+Added: For the nine months ended September 30, 2025, cost of revenue was $1,733,885 or 56% of revenue, compared to $1,577,278 or 62% or revenue from the same period in 2024.
Operating Expenses
−Removed: Operating expenses for the quarter ended June 30, 2025 were $309,034 compared to $297,070 for the same period in 2024 excluding restricted, non-trading stock awards issued to officers, directors and unrelated parties.
−Removed: During the quarter ended June 30, 2025, there was no issuance of restricted, non-trading common stock to officers, directors and employees compared to 238,500 shares issued to officers, directors and employees during the same period in 2024.
+Added: Operating expenses for the nine months ended September 30, 2025 were $948,923 compared to $863,544 for the same period in 2024 excluding restricted, non-trading stock awards issued to officers, directors and unrelated parties.
+Added: During the nine months ended September 30, 2025, 201,841 shares of restricted, non-trading common stock were issued to an unrelated party and to officers, directors and employees compared to 507,750 shares issued to officers, directors and employees during the same period in 2024.
Liquidity and Capital Resources
−Removed: As of June 30, 2025, the Company had working capital of $514,258 compared to $336,301 for the same period in 2024.
−Removed: Net cash used in operating activities was $263,091 for the six months ended June 30, 2025, a $102,843 increase compared to net cash used in operating activities for the six months ended June 30, 2024 of $160,248.
−Removed: Net cash provided by financing activities was $284,000 for the six months ended June 30, 2025 compared to $86,000 net cash provided by financing activities for the same period in 2024.
−Removed: Net cash provided by financing activities was used for operations for the six months ended June 30, 2025.
+Added: As of September 30, 2025, the Company had working capital of $490,308 compared to $360,121 for the same period in 2024.
+Added: Net cash used in operating activities was $55,551for the nine months ended September 30, 2025, an $80,310 decrease compared to net cash used in operating activities for the nine months ended September 30, 2024 of $135,861.
+Added: Net cash provided by financing activities was $44,000 for the nine months ended September 30, 2025 compared to $80,000 net cash provided by financing activities for the same period in 2024.
+Added: Net cash provided by financing activities was used for operations for the nine months ended September 30, 2025.
Working Capital Needs
Our working capital requirements increase as revenue grows for our products.
−Removed: During the six months ended June 30, 2025, the Company’s borrowings ranged from $99,000 to $459,000.
−Removed: The balance of the loan on June 30, 2025 was $459,000.
−Removed: During the six months ended June 30, 2024, borrowings ranged from $230,000 to $408,000.
+Added: During the nine months ended September 30, 2025, the Company’s borrowings ranged from $99,000 to $460,000.
+Added: The balance of the loan on September 30, 2025 was $399,000.
+Added: During the nine months ended September 30, 2024, borrowings ranged from $230,000 to $408,000.
Should the Company require additional working capital during the next twelve months, it may seek to raise additional funds.
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.