What changed in this filing

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Item 1A. Risk Factors

2021-05-11 compared with 2020-11-16 · 63 added, 9 removed, 0 unchanged (100% of the section changed)

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.

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

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

DEFAULTS UPON SENIOR SECURITIES

MINE SAFETY DISCLOSURE

addition to the other information set forth in this report, you should consider the following factors, which could materially affect

our business, financial condition or results of operations in future periods.

The risks described below are not the only risks facing

Additional risks not currently known to us or that we currently deem to be immaterial also may materially adversely affect

our business, financial condition or results of operations in future periods.

we are unable to expand our operations in the marketplace, our growth rate could be negatively affected.

success depends in part on our ability to grow our business.

We have adopted and implemented a strategic plan to increase awareness of

our products, secure additional distribution channels, and foster and strengthen our supply, manufacturing and distribution relationships.

Our strategic plan includes addressing changes in the market.

There can be no assurance that we will achieve the growth necessary to

achieve our objectives.

could need additional capital in the future to expand our operations and execute our business objectives.

we need additional capital to expand our operations, financing transactions may include the issuance of equity, debt securities, and

credit facilities.

challenges of competing with other beverage companies could result in reductions to our revenue and operating margins.

nonalcoholic beverage segment of the beverage industry is competitive.

We compete with numerous beverage companies, including those marketing

similar products.

All beverages companies are competing for stomach share on a daily basis which is approximately 64 oz.

day, per person.

Our success depends on our ability to secure distribution channels for our products, our ability to make consumers aware

of our products and the appeal of our products to consumers.

of supply, increases in costs or shortages of ingredients could affect our operating results.

of supply and the prices charged by the producers of production inputs used in our products can be affected by a variety of factors,

including the general demand by other buyers for the same fruits used by us in our products, and country politics and country economics

in the area in which our fruit is grown.

quality of fruit we seek trades on a negotiated basis, depending on supply and demand at the time of the purchase.

An increase in the

price of any fruit that we use in our products will have a negative effect on our margins should we be unable to increase our sales price.

Higher energy costs may increase the cost of transporting our supplies.

Changes in emission rules for maritime vessels will likely increase

costs of shipping our products.

Conversely, lower fruit prices and lower energy prices will have a positive result on transport and packaging

2021, the Company entered into a contract with Cosco Shipping Lines (“Cosco”) for shipping services between Asia and

the United States of America.

The contract is for 200 containers per year.

As of May 11, 2021, Cosco has

provided 4 containers which is below the contract level.

It is impossible for the Company to maintain its business unless

additional containers are provided by Cosco to correct the shortage and to meet current contract requirements.

cannot ascertain at this time if Cosco will be able to meet the performance levels outlined in the contract

use independent bottlers for the filling of our products and, as such, are subject to the bottler’s production and quality control.

use independent bottlers for the production of our products.

Accordingly, we are dependent on the bottlers and their ability to meet

production demands and to achieve product quality.

We play an active role in the production of our beverages, which includes but is not

limited to developing our formulations, maintaining control over the labeling and packaging of our beverages, independent Underwriters

Laboratories testing of our products for safety, and packaging and function of our packaging and correct FDA labeling.

We also review

and monitor the safety certifications of the factories including their status with the United States Food and Drug Administration.

also inspect the warehouses that our products are stored in, and monitor the trucking companies that deliver our goods.

and publicity concerning food quality, health claims, and other issues could expose us to significant liabilities.

packaged food industry can be adversely affected by litigation and complaints from customers and government authorities resulting from

product quality, health claims, allergens, illness, and injury.

Adverse publicity about these allegations may negatively affect the Company,

regardless of whether the allegations are true.

In addition, the food industry has been subject to a number of claims based on the nutritional

content of food products they sell, and disclosure and advertising practices.

Due to the inherent uncertainties of litigation and regulatory

proceedings, we cannot predict the ultimate outcome of any such proceedings.

An unfavorable outcome will have an adverse impact on our

In addition, any litigation or regulatory proceedings may result in substantial costs.

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

Item 1A. Risk Factors