Two Hands Corp SEC 10-Q Report

Two Hands Corp, a company engaged in wholesale food distribution through its Cuore Food Services branch, has released its Form 10-Q report for the third quarter. The report provides a detailed overview of the company's financial performance and operational activities, reflecting significant changes and strategic shifts in its business model.

Financial Highlights

• Sales: $0, reflecting a 100% decrease from $226,289 in the same period last year, as the company ceased operations in certain business segments.
• Gross Profit: $0, down from $45,010, due to the absence of sales.
• Loss from Operations: $(207,602), compared to $(266,489) in the prior year, indicating a reduction in operating expenses.
• Net Loss: $(336,318), an improvement from $(495,041) in the previous year, primarily due to reduced operating expenses and changes in derivative liabilities.
• Loss per common share - basic and diluted: $(0.00), consistent with the prior year, reflecting the impact of the net loss on a per-share basis.

Business Highlights

• Cuore Food Services: The company continues to operate its wholesale food distribution branch, Cuore Food Services, which focuses on bulk delivery of goods to food service businesses such as restaurants, hotels, and event planning/hosting businesses.
• Strategic Focus Shift: In June 2025, the company announced plans to reinvigorate its legacy business and explore new opportunities in the artisan crafted denim and premium combed Pima cotton yarns space.
• Leadership Changes: The company engaged renowned culinary expert Chef Einat Admony and accomplished executive Vanessa Fayzulin to lead the revitalization of its food service division.
• Operational Cost Management: The company has been focusing on reducing operating expenses, with significant decreases in salaries, benefits, and consulting costs compared to the previous year.
• Future Outlook: The company plans to spend approximately $300,000 in cash for operations, legal, accounting, and related services over the next 12 months, with an emphasis on securing additional capital through advances from the CEO and discussions with investors for private loans and an equity line of credit.

SEC Filing: Two Hands Corp [ TWOH ] - 10-Q - Aug. 14, 2025