Two Hands Corp Files Q3 2024 10-Q

TL;DR

**Two Hands Corp Q3 10-Q is IN! Get the latest numbers.**

AI Summary

Two Hands Corp filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter and the first nine months of the fiscal year. Specific financial details and operational updates for this period are detailed within the report.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Two Hands Corp, crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that can reveal both positive and negative trends, impacting investment risk.

Key Numbers

• Q3 2024 — Reporting Period (Covers the third quarter of the fiscal year.)
• First Nine Months of 2024 — Year-to-Date Period (Covers the period from January 1, 2024, to September 30, 2024.)

Key Players & Entities

• Two Hands Corp (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-11-18 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — stock issued and outstanding, par value $0.0001 per share. 2 CAUTIONARY STATEMENT RE

Filing Documents

• twohf10q93024.htm (10-Q) — 908KB
• ex311.htm (EX-31) — 15KB
• ex321.htm (EX-32) — 10KB
• 0001262463-24-000101.txt ( ) — 4438KB
• twoh-20240930.xsd (EX-101.SCH) — 35KB
• twoh-20240930_cal.xml (EX-101.CAL) — 42KB
• twoh-20240930_def.xml (EX-101.DEF) — 164KB
• twoh-20240930_lab.xml (EX-101.LAB) — 306KB
• twoh-20240930_pre.xml (EX-101.PRE) — 253KB
• twohf10q93024_htm.xml (XML) — 523KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29 PART II Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3. Defaults Upon Senior Securities 30 Item 4. Mining Safety Disclosures 30 Item 5. Other Information 30 Item 6. Exhibits 31

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. TWO HANDS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets Cash $ 11,958 $ 24,351 Accounts receivable, net 90,099 92,561 VAT taxes receivable 7,084 3,080 Inventory 42,391 39,489 Prepaid expenses — 10,000 Total current assets 151,532 169,481 Property and equipment, net 7,046 9,513 Operating lease right-of-use asset 8,857 15,559 Total assets $ 167,435 $ 194,553 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities $ 491,820 $ 523,486 Due to related party 1,228,735 883,534 Notes payable 105,286 113,333 Line of credit 851,908 629,507 Current portion of operating lease right-of-use liability 8,857 8,759 Total current liabilities 2,686,606 2,158,619 Long-term liabilities Promissory notes 250,865 247,862 Non-redeemable convertible notes, net 404,567 502,500 Operating lease right-of-use liability, net of current portion — 6,800 Total long-term liabilities 655,432 757,162 Total liabilities 3,342,038 2,915,781 Commitments and Contingencies — — Temporary equity Series A convertible preferred stock; $ 0.01 par value; 200,000 shares designated, 0 shares issued and outstanding — — Series B convertible preferred stock; $ 0.01 par value; 100,000 shares designated, 0 shares issued and outstanding — — Series C convertible preferred stock; $ 0.001 par value; 150,000 shares designated, 80,000 shares and 80,000 shares issued and outstanding, respectively 76,116 76,116 Series D convertible preferred stock; $ 0.001 par value; 200,000 shares designated, 0 shares issued and outstanding — — Series E convertible preferred stock; $ 0.0001 par value; 300,000 shares designated, 0 shares issued and outstanding — — Total temporary equity 76,116 76,116 Stockholder's deficit Preferred stock; $ 0.001 par value; 1,000,000 shar

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View this 10-Q filing on SEC EDGAR