Two Hands Corporation reported significant financial challenges in its latest 10-Q filing for the quarter ending September 30, 2025. The company recorded no sales during the quarter, a stark contrast to $179,502 in sales for the same period in 2024. Consequently, the gross profit also fell to zero from $26,025 year-over-year. For the nine months ending September 30, 2025, the company similarly reported no revenue, down from $569,268 in the previous year, leading to a net loss of $1,083,086, a decrease from a loss of $1,610,304 in the same period of 2024.
The company's total operating expenses for the third quarter of 2025 were $259,977, down from $300,665 in the prior year, primarily due to reduced salaries and benefits, which decreased by 47% to $82,917. However, the company experienced an increase in professional fees, which rose significantly due to legal costs associated with compliance and proposed transactions. The overall reduction in operating expenses was not sufficient to offset the lack of revenue, resulting in a net loss of $416,336 for the quarter, compared to a loss of $333,117 in the same quarter of 2024.
In terms of strategic developments, Two Hands Corporation has shifted its focus to its wholesale food distribution branch, Cuore Food Services, after selling the assets of its gocart.city online grocery delivery service in May 2024. The company is also exploring new business opportunities beyond the food industry, including ventures in digital assets and fintech. In June 2025, the company announced plans to revitalize its food service division, engaging culinary expert Chef Einat Admony and executive Vanessa Fayzulin to lead this initiative.
Operationally, the company reported a significant decline in customer engagement metrics, with no sales recorded during the quarter. The total liabilities as of September 30, 2025, stood at $3,338,227, a decrease from $3,665,969 at the end of 2024. The company’s stockholders' deficit improved slightly to $(3,289,706) from $(3,568,234) at the end of the previous fiscal year. The company continues to rely on cash advances from its Chief Executive Officer and other related parties to fund operations, highlighting ongoing liquidity concerns.
Looking ahead, Two Hands Corporation faces substantial uncertainty regarding its ability to continue as a going concern. The company has indicated that it will need to raise additional capital to implement its business plan and cover operational costs. Management has expressed intentions to secure funding through private loans and equity lines of credit, but there are no guarantees of success. The company’s financial statements reflect a critical need for strategic adjustments and capital infusion to stabilize its operations and pursue its revitalization efforts.
About Two Hands Corp
Two Hands Corporation operates in the grocery sector, primarily through its wholesale food distribution arm, Cuore Food Services, supplying restaurants, hotels, and event businesses with produce, meats, and organic products. The company also explores new markets, including artisan denim and premium cotton yarns. Its business model centers on inventory management, bulk delivery, and strategic growth across Canada, emphasizing value, quality, and supplier relationships.
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