Exhibit 99.1
EQUATOR BEVERAGE COMPANY
Condensed Statements of Operations (Unaudited)
For the Three Months Ended September 30
|
| 2026 |
|
| 2025 |
| ||
Revenue |
| $ | 1,504,371 |
|
| $ | 1,184,589 |
|
Cost of Sales |
|
| 757,650 |
|
|
| 607,191 |
|
Gross Profit |
|
| 746,721 |
|
|
| 577,398 |
|
|
|
|
|
|
|
| ||
Operating Expenses |
|
|
|
|
|
| ||
Selling, general, and administrative |
|
| 502,919 |
|
|
| 625,780 |
|
Total Operating Expenses |
| $ | 502,919 |
|
| $ | 625,780 |
|
Income from Operations |
| $ | 243,802 |
|
| $ | (48,382 | ) |
Interest Expense |
|
| (2,864 | ) |
|
| (9,760 | ) |
Other Income |
|
| - |
|
|
| - |
|
Income Before Provision for Income Taxes |
| $ | 240,938 |
|
| $ | (58,142 | ) |
Income Tax Benefit (Expense) |
|
| (84,161 | ) |
|
| (2,861 | ) |
Net Income |
| $ | 156,777 |
|
| $ | (61,003 | ) |
Net Income Per Common Share, Basic and Diluted |
| $ | 0.02 |
|
| $ | (0.01 | ) |
Weighted-Average Common Shares Outstanding, Basic and Diluted |
|
| 9,361,289 |
|
|
| 9,079,645 |
|
EQUATOR BEVERAGE COMPANY
Condensed Statements of Operations (Unaudited)
For the Nine Months Ended September 30
|
| 2026 |
|
| 2025 |
| ||
Revenue |
| $ | 3,725,308 |
|
| $ | 3,104,914 |
|
Cost of Sales |
|
| 1,772,276 |
|
|
| 1,733,885 |
|
Gross Profit |
| $ | 1,953,032 |
|
| $ | 1,371,029 |
|
|
|
|
|
|
|
| ||
Operating Expenses |
|
|
|
|
|
| ||
Selling, general, and administrative |
|
| 1,396,221 |
|
|
| 1,166,003 |
|
Total Operating Expenses |
|
| 1,396,221 |
|
|
| 1,166,003 |
|
Income from Operations |
| $ | 556,811 |
|
| $ | 205,026 |
|
Interest Expense |
|
| (14,191 | ) |
|
| (21,732 | ) |
Other Income |
|
| 117,264 |
|
|
| - |
|
Income Before Provision for Income Taxes |
| $ | 659,884 |
|
| $ | 183,294 |
|
Income Tax Benefit (Expense) |
|
| 672,707 |
|
|
| (7,207 | ) |
Net Income |
| $ | 1,332,591 |
|
| $ | 176,087 |
|
Net Income Per Common Share, Basic and Diluted |
| $ | 0.14 |
|
| $ | 0.02 |
|
Weighted-Average Common Shares Outstanding, Basic and Diluted |
|
| 9,456,919 |
|
|
| 9,099,318 |
|
EQUATOR BEVERAGE COMPANY
Condensed Balance Sheets (Unaudited)
As of September 30, 2026 and December 31, 2025
|
| Sept 30, |
|
| Dec 31, |
| ||
|
| 2026 |
|
| 2025 |
| ||
Assets |
|
|
|
|
|
| ||
Current Assets |
|
|
|
|
|
| ||
Cash |
| $ | 147,908 |
|
| $ | 219,457 |
|
Accounts and other receivables |
|
| 442,652 |
|
|
| 349,822 |
|
Inventory |
|
| 683,981 |
|
|
| 508,301 |
|
Supplier deposits |
|
| 239,990 |
|
|
| 52,329 |
|
Prepaid expenses |
|
| 43,546 |
|
|
| 61,137 |
|
Total Current Assets |
| $ | 1,558,077 |
|
| $ | 1,191,046 |
|
Noncurrent Assets |
|
|
|
|
|
| ||
Deferred tax assets, net |
| $ | 681,836 |
|
|
| - |
|
Total Noncurrent Assets |
| $ | 681,836 |
|
| $ | - |
|
Total Assets |
| $ | 2,239,913 |
|
| $ | 1,191,046 |
|
Liabilities and Stockholders’ Equity |
|
|
|
|
|
| ||
Current Liabilities |
|
|
|
|
|
| ||
Accounts payable and accrued expenses |
| $ | 220,883 |
|
| $ | 295,073 |
|
Related party loans |
|
| - |
|
|
| 340,000 |
|
Total Current Liabilities |
|
| 220,883 |
|
|
| 635,073 |
|
Total Liabilities |
| $ | 220,883 |
|
| $ | 635,073 |
|
Commitments and Contingencies |
|
|
|
|
|
| ||
Stockholders’ Equity |
|
|
|
|
|
| ||
Common stock, $0.001 par value; 10,000,000 shares authorized; 9,569,655 and 9,380,260 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively |
|
| 9,570 |
|
|
| 9,381 |
|
Additional paid-in capital |
|
| 25,238,038 |
|
|
| 25,107,762 |
|
Accumulated deficit |
|
| (23,228,578 | ) |
|
| (24,561,170 | ) |
Total Stockholders’ Equity |
|
| 2,019,030 |
|
|
| 555,973 |
|
Total Liabilities and Stockholders’ Equity |
| $ | 2,239,913 |
|
| $ | 1,191,046 |
|