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 · ~1 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

  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 →
• high

  Cash declined 65% year-over-year to $1.5M (from $4.2M) while net loss increased 9% to $627K despite prior-year goodwill impairment; company wrote off $416K in related-party balances.

  MD&A: Cash Position / Notes: Related-Party Write-off verify on EDGAR →