Quarterly ResultMay 22, 2026, 02:37 PM
Two Hands Q1 Net Loss $64K; Going Concern Doubt Persists
AI Summary
Two Hands Corp reported a net loss of $64,234 for Q1 2026, a significant improvement from a $330,432 loss in Q1 2025, largely due to a $250,102 gain from derivative liabilities. Despite this, the company's cash balance decreased to $47,057 from $227,585 at the end of the prior quarter. With no revenue, a substantial stockholders' deficit of $2,001,383, and an accumulated deficit of $95,069,236, management raised substantial doubt about the company's ability to continue as a going concern.
Key Highlights
- Net loss for Q1 2026 was $64,234, a significant reduction from $330,432 in Q1 2025.
- Cash balance at March 31, 2026, decreased to $47,057 from $227,585 at December 31, 2025.
- Total liabilities increased to $2,467,657 from $2,264,701 since December 31, 2025.
- Stockholders' deficit widened to $2,001,383 from $1,946,073 since December 31, 2025.
- Company recognized a $250,102 gain from the change in fair value of derivative liabilities.
- Management raised substantial doubt about the company's ability to continue as a going concern.
- Company reported no revenue for the three months ended March 31, 2026 and 2025.
- Received $235,000 in advances from CEO and issued $80,000 convertible promissory note.
Price Impact
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