v3.26.1
Segment Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information

16. Segment Information

 

Subsequent to the disposition of the Cannabis-Derived (THC) Beverages segment, the Company’s only operating and reportable segment is beverages. This segment includes both Jones Soda’s traditional craft sodas, known for their unique flavors, pure cane sugar formulation, and consumer-driven branding as well as our modern soda’s such as Pop Jones, Fiesta Jones and hemp derived products such as HD9. The products are distributed through various channels, including retail stores, foodservice outlets, and direct-to-consumer platforms.

 

The Chief Operating Decision Maker (“CODM”) of the Company, who is also the Chief Executive Officer (“CEO”), is responsible for evaluating the performance of the Company’s operations. The evaluation focuses primarily on key financial metrics such as net operating revenues and operating income (loss). Based on this consolidated approach to assessing performance and allocating resources, the Company does not present additional segment information in its financial disclosures.

 

Furthermore, in accordance with ASC 280, the Company provides the following entity-wide disclosures for the year ended December 31, 2025 and 2024:

 

Net Sales by Geographic Location: The breakdown of the Company’s net sales by geographic location are as follows:

 

(in thousands) 

December 31,

2025

  

December 31,

2024

 
   For the year ended 
(in thousands) 

December 31,

2025

  

December 31,

2024

 
Segment Results – Net sales          
United States  $22,473   $14,713 
Canada   2,830    3,080 
Total  $25,303   $17,793 

 

Net sales generated in the United States accounted for 89% and 83% of total revenue during the year ended December 31, 2025, and 2024, respectively.

 

 

Income (loss) from Operations by Geographic Location: The breakdown of the Company’s income (loss) from operations by geographic location is as follows:

 

(in thousands) 

December 31,

2025

  

December 31,

2024

 
   For the year ended 
(in thousands) 

December 31,

2025

  

December 31,

2024

 
Segment Results – Income (loss) from continuing operations          
United States  $(1,662)  $(9,606)
Canada   (26)   (138)
Total  $(1,688)  $(9,744)

 

Long-Lived Assets: All of the Company’s long-lived assets are located in the United States.