OTC: HMMR
HAMMER TECHNOLOGY HOLDINGS CORP.CIK 0001539680 · SIC 4899 · Communications Services NEC
The Company was incorporated in the State of Nevada on September 23, 2010, under the name Recursos Montana S.A. The Company's principal activity was as a pre-exploration stage company engaged in the acquisition and exploration of mineral properties then owned by the Company. During this time, the… About this business →
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Latest financial statements
From 10-K filed Oct 29, 2026 (period ending Jul 31, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations
| Description | Year ended July 31, 2026 | Year ended July 31, 2025 |
|---|---|---|
| Revenues | - | - |
| Operating expenses | ||
| Selling, general and administrative expenses | 444,108 | 842,609 |
| Depreciation and amortization expense | 124,282 | 677,723 |
| Intangible asset impairment | - | 1,888,242 |
| Total operating expenses | 568,390 | 3,408,574 |
| Loss from operations | (568,390) | (3,408,574) |
| Other income (expense) | ||
| Interest expense | (17,674) | (1,500) |
| Warrant adjustment to fair value | 61,055 | (45,000) |
| Loss on conversion of debt | - | (974,836) |
| Total other income (expense) | 43,381 | (1,021,336) |
| Net loss from continuing operations before income taxes | (525,009) | (4,429,910) |
| Provision for income taxes | - | - |
| Net loss from continuing operations | (525,009) | (4,429,910) |
| Net (loss) income from discontinued operations, after taxes | ||
| Net loss from discontinued operations, before gain on disposal | - | (23,264) |
| Gain on disposal of subsidiaries | - | 1,655,781 |
| Total net income from discontinued operations, after taxes | - | 1,632,517 |
| Net loss | (525,009) | (2,797,393) |
| Net loss from continuing operations per share, basic and diluted | (0.01) | (0.07) |
| Net income from discontinued operations per share, basic | - | 0.03 |
| Net income from discontinued operations per share, diluted | - | 0.03 |
| Total net income (loss) per share, basic | (0.01) | (0.05) |
| Total net income (loss) per share, diluted | (0.01) | (0.05) |
| Weighted average number of common shares outstanding, basic | 69,057,154 | 61,375,762 |
| Weighted average number of common shares outstanding, diluted | 69,057,154 | 62,262,557 |
Consolidated Balance Sheets
| Description | July 31, 2026 | July 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | 23,104 | 18,054 |
| Prepaid expenses | - | 1,250 |
| Total current assets | 23,104 | 19,304 |
| Property and equipment, net | - | 520 |
| Intangible assets, net | 91,948 | 215,710 |
| Total assets | 115,052 | 235,534 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | 91,184 | 184,077 |
| Loans payable | 24,253 | 24,253 |
| Convertible notes payable related parties | - | 61,800 |
| Warrant liabilities | 1,945 | 63,000 |
| Current liabilities from discontinued operations | 544,533 | 544,533 |
| Total current liabilities | 661,915 | 877,663 |
| Convertible notes payable, noncurrent related parties | 644,421 | 85,946 |
| Total liabilities | 1,306,336 | 963,609 |
| Commitments and contingencies (Note 10) | - | - |
| Stockholders' Deficit | ||
| Common stock, $0.001 par value; 250,000,000 shares authorized; 73,310,489 and 73,310,489 shares issued and 69,057,154 and 69,057,154 shares outstanding as of July 31, 2026 and July 31, 2025, respectively | 73,311 | 73,311 |
| Treasury stock (4,253,335 and 4,253,335 shares held at July 31, 2026 and 2025, respectively) | (625,000) | (625,000) |
| Additional paid-in capital | 31,715,220 | 31,653,420 |
| Accumulated deficit | (32,354,815) | (31,829,806) |
| Total Stockholders' Deficit | (1,191,284) | (728,075) |
| Total Liabilities and Stockholders' Deficit | 115,052 | 235,534 |
Consolidated Statements of Cash Flows
| Description | Year ended July 31, 2026 | Year ended July 31, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss from continuing operations | (525,009) | (4,429,910) |
| Adjustments to Reconcile Net loss to Net Cash Used in Operating Activities: | ||
| Depreciation | 520 | 2,155 |
| Amortization | 123,762 | 675,568 |
| Loss on conversion of convertible note payable to common stock | - | 974,836 |
| Warrant adjustment to fair value | (61,055) | 45,000 |
| Intangible asset impairment | - | 1,888,242 |
| Changes in assets and liabilities: | ||
| Prepaid expenses | 1,250 | (890) |
| Accounts payable and accrued expenses | (92,893) | (10,781) |
| Net cash provided by (used in) operating activities: | (553,425) | (855,780) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from related party convertible notes | 558,475 | 1,522,752 |
| Repayment of convertible notes payable | - | (682,000) |
| Net cash provided by financing activities: | 558,475 | 840,752 |
| CASH FLOWS FROM DISCONTINUED OPERATIONS: | ||
| Cash provided by (used in) operations discontinued operations | - | (18,954) |
| Cash provided by (used in) investing activities discontinued operations | - | (36,177) |
| Cash provided by financing activities discontinued operations | - | 14,080 |
| Net cash used by discontinued operations: | - | (41,051) |
| NET INCREASE (DECREASE) IN CASH | 5,050 | (56,079) |
| CASH FROM CONTINUING OPERATIONS BEGINNING OF PERIOD | 18,054 | - |
| CASH FROM DISCONTINUED OPERATIONS BEGINNING OF PERIOD | - | 74,133 |
| CASH AT BEGINNING OF PERIOD | 18,054 | 74,133 |
| CASH FROM CONTINUING OPERATIONS END OF PERIOD | 23,104 | 18,054 |
| CASH FROM DISCONTINUED OPERATIONS END OF PERIOD | - | - |
| CASH AT END OF PERIOD | 23,104 | 18,054 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid during the period: | ||
| Interest | - | 109,546 |
| Income Tax | - | - |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | ||
| Capital contribution due to related party debt forgiveness | 61,800 | - |
| Conversion of convertible debt to common stock | - | 2,680,799 |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About HAMMER TECHNOLOGY HOLDINGS CORP.
Source: Item 1 (Business) from the 10-K filed October 29, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
Our Corporate History and Background
The Company was incorporated in the State of Nevada on September 23, 2010, under the name Recursos Montana S.A. The Company's principal activity was as a pre-exploration stage company engaged in the acquisition and exploration of mineral properties then owned by the Company. During this time, the Company was deemed a "shell company" in the pre-exploration stage and was ultimately unable to commence exploration activities.
On February 2, 2015, the Company entered into a Share Exchange Agreement with Tanaris Power Holdings, Inc., whereby the Company acquired 100% of Tanaris Power Holdings, Inc. issued and outstanding common stock in exchange for shares of the Company's common stock equal 51% of the issued and outstanding common stock and cash consideration to Tanaris in the aggregate amount of $350,000. Tanaris Power Holdings, Inc. was the owner of certain rights in connection with the marketing and sale of smart lithium-ion batteries and battery technologies for various industrial vehicles markets and related applications. On March 6, 2015, the Company amended its Articles of Incorporation to change its name to Tanaris Power Holdings, Inc.
On April 25, 2016, Tanaris Power Holdings, Inc., a Nevada corporation entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Hammer Fiber Optics Investments, Ltd., a Delaware corporation ("HFOI"), and the controlling stockholders of HFOI (the "HFOI Shareholders"). Pursuant to the Share Exchange Agreement, the Company acquired 20,000,000 shares of common stock of HFOI from the HFOI shareholders (the "HFOI Shares") and in exchange the Company issued to the HFOI Shareholders 50,000,000 (post-Merger) restricted shares of its common stock (the "HMMR Shares"). As a result of the Share Exchange Agreement, HFOI became a wholly owned subsidiary of the Company. Hammer Fiber Optics Investments, Ltd. was formed in the State of Delaware on June 13, 2014.
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On April 13, 2016, our board of directors approved a Plan of Merger (the "Plan of Merger") under Nevada Revised Statutes (NRS) Section 92A.180 to merge (the "Merger") with our wholly-owned subsidiary Hammer Fiber Optics Holdings Corp., a Nevada corporation, to effect a name change from Tanaris Power Holdings, Inc. to Hammer Fiber Optics Holdings Corp. The transaction was accounted for as a reverse merger. The Plan of Merger also provided for a 1 for 1,000 exchange ratio for shareholders of both the Company and Hammer Fiber Optics Holdings Corp., which had the effect of a 1 for 1,000 reverse split of our common stock. Articles of Merger were filed with the Secretary of State of Nevada on April 13, 2016 and, on April 14, 2016, this corporate action was submitted to FINRA for its review and approval.
On May 3, 2016, the Financial Industry Regulatory Authority ("FINRA") approved the merger with our wholly-owned subsidiary, Hammer Fiber Optics Holdings Corp. Accordingly, thereafter, the Company's name was changed and our shares of common stock began trading on the Over the Counter Bulletin Board (OTCBB) under our new ticker symbol "HMMR" as of May 27, 2016.
On September 11, 2018, our board of directors approved stock purchase agreements with 1stPoint Communications LLC and its subsidiaries, Endstream Communications LLC, Open Data Centers LLC and Shelcomm Inc. for the acquisition of all of the equity of the entities. 1stPoint and its subsidiaries possess CLEC licenses in Florida, New York State, and a nationwide CMRS (Commercial Mobile Radio Services) license. The companies operate a data center facility in Piscataway, New Jersey. The acquisition of 1stPoint Communications, LLC, Open Data Centers, LLC and Shelcomm, Inc. closed on November 1, 2018. The acquisition of Endstream Communications, LLC closed on December 17, 2018. On January 29, 2019 our board of directors approved a stock purchase agreement with American Network, Inc to acquire all of its equity. The acquisition of American Network, Inc closed on September 1, 2019.
As of April 30, 2020 our board of directors approved the discontinuation of the operations of Open Data Centers LLC. The operations of Open Data Centers, LLC were discontinued effective April 30, 2020 and the Company shut down its operations in its Piscataway, NJ data center.
On October 25, 2021 our board of directors approved a share exchange agreement with Telecom Financial Services Limited ("TFS") for the acquisition of one hundred percent (100%) of its stock. TFS owns the intellectual property critical to the operations of the company's financial technology business unit as well as certain key supplier, marketing and operating agreements. The acquisition of TFS closed on January 3, 2022. TFS has been renamed HammerPay [USA] Ltd.
On July 31, 2023 our board of directors approved the discontinuation of the operations of Hammer Wireless (SL) Limited, the company's data communications service in Sierra Leone. The operations were discontinued in March 2020 and all assets have been written down.
On August 7, 2024, the Company authorized and executed a Purchase Agreement with Viper Networks, Inc. with the intention to sell the Company's telecommunications assets to Viper. The assets include 1st Point Communications LLC, and all its subsidiaries, Endstream Communications LLC, American Networks Inc., and 10% ownership in Wikibuli Inc. Viper has acquired these assets in exchange for receiving back 2,500,000 (2.5 million) shares of the Company's common stock. The transaction closed on November 1, 2024. With the divestiture of the telecommunications assets, the Company has begun to concentrate its efforts on its fintech initiatives. HammerPay is a scalable, mobile-first financial services technology platform featuring an advanced digital wallet and neo-banking system, designed for global deployment in both developed and emerging markets.
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On September 1, 2024, the Board approved a resolution to amend the Articles of Incorporation to change the Company's name from "Hammer Fiber Optics Holdings Corp" to "Hammer Technology Holdings Corp." The majority vote of shareholders approved the name change by written consent in lieu of a meeting on September 1, 2024. The name change became effective on September 3, 2025.
Current Operations
Hammer Technology Holdings Corp. ("Hammer", the "Company") (OTCPink Limited:HMMR) is a company focused on sustainable shareholder value investing in financial services technology.
Hammer's financial technologies business is focused on providing digital stored value technology via its HammerPay mobile payments platform to enable digital commerce between consumers and branded merchants across the developing world, ensuring Swift, Safe and Secure encrypted remittances and banking transactions.
Employees
We currently have ten employees, six of which are full-time employees and four are part time. Some of our executive officers and directors are engaged in outside business activities that we do not believe conflict with our business. Over time, we may be required to hire additional employees or engage independent contractors to execute various projects that are necessary to grow and develop our business. These decisions will be made by our officers and directors, if appropriate.
Intellectual Property
The company owns and controls a portfolio of proprietary intellectual property assets developed to support its digital-payments division, HammerPay. These include:
• Software Codebase and APIs: Proprietary source code, database architecture, and middleware connecting prepaid merchant cards, digital wallets, and real-time settlement engines.
• Digital Platform Design: Custom integrations for merchant onboarding, sanctions screening, and KYC/AML verification workflows built into HammerPay's cloud-based system.
• User Experience (UX) and Interface Assets: Original design layouts, workflow sequences, and customer-interaction modules unique to HammerPay's compliance-driven ecosystem.
• Trademarks and Brand Assets: Trademark registration filings for the HammerPay and Hammer Technology Holdings brands are in progress in the U.S. and select international markets.
• Process IP: Proprietary business processes for prepaid merchant card issuance, third-party reseller management, and merchant revenue-sharing models forming the foundation of HammerPay's commercial advantage.
All intellectual property is owned by the Company and maintained through a structured IP protection program covering copyrights, confidentiality agreements, and data-security protocols.
Competition
HammerPay operates within the digital payments and prepaid merchant-card industry, competing with both traditional payment processors and emerging fintech platforms. Key competitors include Payoneer, Wise (formerly TransferWise), Stripe Treasury, Marqeta, and other Banking-as-a-Service (BaaS) infrastructure providers.
Competitive Strengths:
• Proprietary Compliance Infrastructure - Embedded OFAC, EU, and UN sanctions screening and AML/KYC validation directly within HammerPay's onboarding workflow.
• Merchant-Specific Card Model - Value-restricted prepaid cards that eliminate cash-out risk and ensure transparent fund-tracking.
• Integrated Fintech Stack - Unified issuing, acquiring, and digital-wallet capabilities managed through proprietary APIs and security-controlled settlement architecture.
• Scalable White-Label Platform - Rapid deployment under partner brands, supporting expansion across African markets and diaspora payment channels.
Competitive Challenges:
• Larger competitors have broader global brand recognition and established regulatory footprints.
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• As a growth-stage fintech, the Company continues to invest in platform certification, user acquisition, and international licensing to expand its market position.
Despite these challenges, the Company's proprietary infrastructure, regulatory compliance rigor, and B2B2C delivery model create sustainable competitive advantages and long-term scalability in the digital payments sector.
Available Information
Our Internet website address is http://www.hmmrgroup.com. Through our website, we make available, free of charge, reports that we file with the Securities and Exchange Commission ("SEC"), which include, but are not limited to, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and any and all amendments to such reports, as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. These SEC reports can be also accessed through the investor relations section of our website. The information found on our website is not part of this or any other report we file with or furnish to the SEC.