OneSolution Technology Inc. reported a net loss of $307,611 for the three months ending June 30, 2025, compared to a loss of $161,652 during the same period in 2024. The company's revenue remained relatively stable, with a slight increase to $19,221 from $19,189 year-over-year. The cost of revenue also saw a marginal rise, leading to a gross profit of $7,688, up from $7,676 in the previous year. The increase in losses was primarily attributed to a significant rise in sales and marketing expenses, which surged to $251,074 from $66,000, largely due to consulting fees incurred during the quarter.
In terms of financial position, OneSolution's total current assets increased to $59,799 as of June 30, 2025, from $41,853 at the end of the previous quarter. However, current liabilities also rose sharply to $1,319,347 from $996,386, resulting in a stockholders' deficit of $1,259,072, compared to $953,026 in the prior quarter. The company has not made any transfers or distributions among its subsidiaries and does not anticipate doing so in the foreseeable future, as it aims to retain all available funds for business operations and expansion.
Strategically, OneSolution Technology Inc. operates through its wholly-owned subsidiaries, primarily in Hong Kong, and is focused on expanding its product distribution into China and other Asian markets. The company has recently engaged in the arts and collectibles business through its subsidiary Heavenly Grace Limited, which commenced operations in April 2025. This subsidiary utilizes blockchain technology to enhance the trading experience for collectors, indicating a shift towards integrating technology into its business model.
The company faces significant operational risks due to its holding structure and the regulatory environment in Hong Kong and China. Changes in regulations could materially affect its operations and the value of its securities. Additionally, OneSolution is subject to the Holding Foreign Companies Accountable Act, which could impact its ability to trade on U.S. exchanges if its auditor is not inspected by the Public Company Accounting Oversight Board. The company has expressed concerns regarding its ability to continue as a going concern, emphasizing the need for improved profitability and ongoing financial support from shareholders.
Looking ahead, OneSolution Technology Inc. plans to continue relying on financing from existing shareholders and private placements to support its operations. The company acknowledges the uncertainty surrounding its ability to raise additional capital and the potential for ongoing net losses. As of June 30, 2025, the company reported an accumulated deficit of $7,750,989, underscoring the challenges it faces in achieving profitability in the near term.
About OneSolution Technology Inc.
OneSolution Technology Inc., a Delaware holding company, operates through subsidiaries in Hong Kong and the British Virgin Islands, focusing on arts and collectibles. It leverages blockchain and NFT technologies to authenticate, certify, and create digital ownership tokens (DOTs) for physical art and collectibles. The company sources items globally, sells at or above market value via online and auction channels, and aims to modernize art trading with transparency and digital certification.
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