Two Hands Corporation Reports No Sales and Significant Losses in Latest 10-Q Filing

Two Hands Corporation reported significant financial challenges in its latest 10-Q filing for the quarter ending June 30, 2025. The company recorded no sales for the three and six months ended June 30, 2025, a stark contrast to revenues of $226,289 and $389,766 for the same periods in 2024. This resulted in a gross profit of $0, compared to $45,010 and $59,999 in the previous year. The net loss for the quarter was $336,318, a 32% improvement from the $495,041 loss reported in the same quarter of 2024. For the six-month period, the net loss was $666,750, down 48% from $1,277,187 in 2024.

The company’s total operating expenses decreased to $207,602 for the three months ended June 30, 2025, from $311,499 in the prior year, primarily due to reduced salaries and benefits, consulting fees, and other operational costs. The reduction in expenses was offset by an increase in professional fees, which rose significantly due to legal compliance and transaction reviews. The company’s cash position improved slightly, with cash increasing to $3,783 from $1,733 at the end of the previous fiscal year, although total current assets fell to $37,572 from $85,447.

Strategically, Two Hands Corporation has shifted its focus exclusively to the grocery market, having sold the assets of its gocart.city online delivery service in May 2024. The company continues to operate its wholesale food distribution branch, Cuore Food Services, and has announced plans to revitalize its food service division by engaging culinary experts. The company is also exploring opportunities in artisan crafted denim and premium combed Pima cotton yarns, indicating a potential diversification of its business model.

Operationally, the company reported a stockholder's deficit of $3,419,073 as of June 30, 2025, an improvement from $3,568,234 at the end of 2024. The total liabilities remained relatively stable at $3,464,169, down from $3,665,969. The company’s working capital deficiency improved slightly, indicating a focus on managing its liabilities. However, the company continues to face substantial doubt regarding its ability to continue as a going concern, as highlighted in its financial statements.

Looking ahead, Two Hands Corporation plans to secure additional capital through stock placements and is in discussions for private loans and equity lines of credit. The company anticipates needing approximately $300,000 over the next 12 months to cover operational costs and implement its business plan. However, there are no guarantees that it will successfully raise the necessary funds, which could impact its operational viability.