HWH: revenue $64,200, net income -$626,197. HWH discloses going concern, ineffective controls as revenue falls 78% on café closures

Filed May 13, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~2 min read

Key Changes

• high

  Management concluded disclosure controls are not effective as of March 31, 2026, reversing prior effectiveness conclusion and indicating a material weakness in financial reporting processes.

  Controls and Procedures verify on EDGAR →
• high

  Company disclosed substantial doubt about ability to continue as a going concern for the first time, driven by net loss, operating loss, and negative cash flow from café operations.

  MD&A: Going Concern verify on EDGAR →
• high

  Revenue declined 78% year-over-year to $64,200 as company closed multiple cafés and now operates only one location in Singapore, down from four across Singapore and South Korea.

  MD&A: Revenue / Notes: F&B Revenue verify on EDGAR →