Wed, May 14, 9:21 PM (37 days ago)
**Two Hands Corporation (TWOH) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No revenue reported for Q1 2025, down from $163,477 in Q1 2024. - **Profit Margins:** Gross profit was $0 in Q1 2025, compared to $14,989 in Q1 2024. - **Net Loss:** Net loss narrowed to $330,432 in Q1 2025 from $782,146 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $198,079 in Q1 2025, up from $134,196 in Q1 2024. - **Stockholders' Deficit:** Increased to $3,901,894 in Q1 2025 from $3,568,234 in Q1 2024. **Key Metrics & Trends:** - **Operating Expenses:** Decreased by 16% to $257,069 in Q1 2025 from $305,190 in Q1 2024. - **Interest Expense:** Increased due to higher amortization of debt discount and interest expense. - **Working Capital:** Deficit widened to $3,911,605 in Q1 2025 from $3,580,522 in Q1 2024. - **Going Concern:** Substantial doubt raised about the company's ability to continue as a going concern. **Future Operations & Uncertainties:** - **Strategic Repositioning:** Company plans to transition away from wholesale food distribution. - **Funding:** Dependent on raising additional capital through common stock placements and related party advances. - **Line of Credit:** Lender indicated unwillingness to continue advancing cash under the existing line of credit. - **Market Risks:** Exposure to credit, market, foreign exchange, and liquidity risks. **Management's Discussion:** - **Cost Reduction:** Focus on reducing expenses, managing accounts payable, and compensating officers with stock. - **Capital Expenditures:** Expects to spend approximately $300,000 in cash for operations and business plan implementation over the next 12 months. - **Internal Controls:** Material weaknesses identified in internal controls over financial reporting.