OTC: TWOH
Two Hands CorpCIK 0001494413 · SIC 7389 · Miscellaneous Business Services NEC
In June 2025, the Company announced, after fully evaluating the legacy business, the Company is taking steps to reinvigorate it and establish a new pathway in the same business space. The Company will continue to evaluate opportunities both inside and outside the food industry, including, but not… About this business →
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revenue $0, net income -$64,234. Two Hands discloses ineffective controls, reverses exit strategy, relies on CEO advances
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Two Hands Corp issues 535M shares to insiders under equity incentive plan
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Latest financial statements
From 10-Q filed Aug 19, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating expenses | ||||
| General and administrative | 2,076,433 | 207,602 | 2,312,119 | 464,671 |
| Total operating expenses | 2,076,433 | 207,602 | 2,312,119 | 464,671 |
| Loss from operations | (2,076,433) | (207,602) | (2,312,119) | (464,671) |
| Other income (expense) | ||||
| Amortization of debt discount and interest expense | (75,985) | (64,949) | (120,831) | (138,312) |
| Initial derivative expense | — | (235,220) | (33,804) | (235,220) |
| Change in fair value of derivative liabilities | (39,263) | 171,453 | 210,839 | 171,453 |
| Gain on debt settlement | 5,272 | — | 5,272 | — |
| Total other income (expense) | (109,976) | (128,716) | 61,476 | (202,079) |
| Net loss | (2,186,409) | (336,318) | (2,250,643) | (666,750) |
| Other comprehensive income (loss) | ||||
| Foreign currency translation adjustment | 11,151 | (31,833) | 20,075 | (35,061) |
| Total other comprehensive income (loss) | 11,151 | (31,833) | 20,075 | (35,061) |
| Comprehensive loss | (2,175,258) | (368,151) | (2,230,568) | (701,811) |
| Loss per common share basic and diluted | (0.00) | (0.00) | (0.00) | (0.00) |
| Weighted average number of common shares outstanding basic and diluted | 6,941,309,835 | 5,579,383,551 | 6,722,624,682 | 5,524,515,463 |
| The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements. | ||||
Condensed Consolidated Balance Sheets
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash | 40,108 | 227,585 |
| VAT taxes receivable | 24,191 | 22,057 |
| Prepaid expenses | 233,970 | 4,594 |
| Total current assets | 298,269 | 254,236 |
| Property and equipment, net | 3,542 | 4,392 |
| Deposits | 352,879 | 60,000 |
| Total assets | 654,690 | 318,628 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 588,367 | 552,612 |
| Accrued liabilities related party | 25,417 | 192,417 |
| Note payable related party | 1,678,087 | 882,632 |
| Notes payable | 114,817 | 118,978 |
| Promissory note, net | 128,140 | — |
| Non-redeemable convertible note, net related party | 131,901 | 120,000 |
| Convertible promissory notes, net | 17,902 | 2,598 |
| Derivative liabilities | 58,700 | 395,464 |
| Total current liabilities | 2,743,331 | 2,264,701 |
| Total liabilities | 2,743,331 | 2,264,701 |
| Commitments and Contingencies | — | — |
| Stockholder's deficit | ||
| Preferred stock; $0.001 par value; 1,000,000 shares authorized, 0 issued and outstanding | — | — |
| Common stock; $0.0001 par value; 12,000,000,000 shares authorized, 7,536,382,467 and 6,501,509,691 shares issued and outstanding, respectively | 753,639 | 650,152 |
| Additional paid-in capital | 94,308,911 | 92,324,398 |
| Accumulated other comprehensive income | 104,454 | 84,379 |
| Accumulated deficit | (97,255,645) | (95,005,002) |
| Total stockholders' deficit | (2,088,641) | (1,946,073) |
| Total liabilities and stockholders' deficit | 654,690 | 318,628 |
| The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements. | ||
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net loss | (2,250,643) | (666,750) |
| Adjustments to reconcile net loss to cash used in operating activities | ||
| Depreciation and amortization | 718 | 5,280 |
| Bad debt | — | 6,560 |
| Stock based compensation officers and directors | 957,500 | — |
| Stock based compensation services | 592,500 | — |
| Stock based compensation prepaid expense | 283,000 | |
| Gain on settlement | (5,272) | — |
| Amortization of debt discount and interest expense | 120,831 | 138,312 |
| Initial derivative expense | 33,804 | 235,220 |
| Change in fair value of derivative liabilities | (210,839) | (171,453) |
| Change in operating assets and liabilities | ||
| Accounts and taxes receivable | (2,997) | 61,701 |
| Prepaid expense | (229,418) | (15,489) |
| Accounts payable and accrued liabilities | 140,706 | 62,161 |
| Operating lease right-of-use liability | — | (4,247) |
| Net cash used in operating activities | (570,110) | (348,705) |
| Cash flows from investing activities | ||
| Deposits | (321,887) | — |
| Return of deposits | 29,008 | — |
| Net cash used in investing activities | (292,879) | — |
| Cash flow from financing activities | ||
| Advances | — | 1,792 |
| Repayment of advances | — | (4,186) |
| Advances related party | 750,000 | |
| Expenses paid for by related party | — | 278,100 |
| Issuance of promissory note, net | 120,000 | — |
| Issuance of convertible promissory note, net | 80,000 | 75,000 |
| Repayment of promissory notes | (274,488) | — |
| Net cash provided by financing activities | 675,512 | 350,706 |
| Change in foreign exchange | — | 49 |
| Net change in cash | (187,477) | 2,050 |
| Cash, beginning of the period | 227,585 | 1,733 |
| Cash, end of the period | 40,108 | 3,783 |
| Cash paid during the period | ||
| Interest paid | — | — |
| Income taxes paid | — | — |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Stock issued for the settlement of line of credit | — | 850,872 |
| Stock issued for settlement of accrued liabilities related party | 255,000 | — |
| The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements. | ||
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 Two Hands Corp
Source: Item 1 (Business) from the 10-K filed April 10, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
Our Business
Overview
In June 2025, the Company
announced, after fully evaluating the legacy business, the Company is taking steps to reinvigorate it and establish a new pathway
in the same business space. The Company will continue to evaluate opportunities both inside and outside the food industry, including,
but not limited to, ventures within the digital asset, fintech and gig economy spaces.
In
January 2025, the Company also announced its new business in the artisan crafted denim and premium combed Pima cotton yarns space
in cooperation with Videlia Mills. Mid way through 2025 discussions with Videlia Mills ceased and the Company does not expect them
to continue.
On November 16, 2016, the Company changed the name
of its wholly owned subsidiary from I8 Interactive to Two Hands Canada Corporation.
The
Company received approval from the Canadian Securities Exchange (the "CSE") to list its common shares (the "Common Shares")
on the CSE. Trading of the Common Shares in the capital of the Company commenced on August 5, 2022, under the symbol "TWOH".
On
October 15, 2025, the Company incorporated a wholly owned subsidiary, Meridan Capital Management Inc., a Nevada corporation, for the purpose
of holding investments. During the year ended December 31, 2025, Meridan Capital Management Inc. held cash and did not have operations.
Cuore Food Services
Cuore Food Services is the Company’s wholesale
food distribution branch. Cuore Food Services uses inventory from the Company’s warehouse as well as inventory it acquires on an
ad hoc basis, and focuses on bulk delivery of goods to food service business such as restaurants, hotels, event planning/hosting businesses.
Read full description ↓
Research and Development
We did not incur any research and development costs
during the fiscal year ended December 31, 2025 and 2024.
Customers
The Company plans to continue to expand its reach
to additional customers and geographies across Canada and continue to enhance its product offering with fresh, natural and organic foods.
The Company believes its value proposition has broad appeal with value-minded customers across all income levels, demographics and geographies.
The Company believes that its sustained focus on delivering ever-changing value deals will generate strong customer loyalty and brand
affinity. The Company believes that its broad customer appeal supports new store growth opportunities, and it plans to continue to expand
its reach to additional customers and geographies across Canada.
Competition
The Company competes with other wholesalers within the food service market
segment, facing challenges from entities with significant resources for expansion. These competitors leverage their financial strength,
technological advancements, marketing strategies, skilled personnel, and established brand recognition.
Manufacturing and Product Sourcing
Most supplies used are readily available from any
number of our local and international suppliers, at competitive prices. Delivery of the product will vary depending on the area serviced
and the number of orders per day.
5
Management's Plan of Operation
In June
2025, the Company announced, after fully evaluating the legacy business, the Company is taking steps to reinvigorate it and establish
a new pathway in the same business space. The Company will continue to evaluate opportunities both inside and outside the food industry,
including, but not limited to, ventures within the digital asset, fintech and gig economy spaces.
Products and Services
The Company plans to continue to expand its reach
to additional customers and geographies across Canada and continue to enhance its product offering with fresh, natural and organic foods.