Every 10-Q that TWO HANDS CORP (TWOH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TWOH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TWOH filings page.
Two Hands Corp (TWOH), which is rebranding to Quantum X, Inc. and pivoting from food services toward AI and quantum-computing products (Pegasus, Scalova, EntangleX), reported no revenue for the quarter and six months ended June 30, 2026.
Total assets were $654,690, including cash of $40,108, against total liabilities of $2,743,331, resulting in a stockholders’ deficit of $2,088,641 and a working capital deficit of $2,445,062. The company recorded a six‑month net loss of $2,250,643, driven largely by $1.61 million of stock-based compensation and higher consulting and general expenses, while still generating no sales.
Management discloses that recurring losses, negative operating cash flow of $570,110, heavy reliance on related‑party debt, and accumulated deficit of $97.26 million raise substantial doubt about the company’s ability to continue as a going concern. Financing is coming mainly from its CEO, non‑redeemable and convertible notes, and promissory notes with variable conversion prices that can lead to further dilution. As of August 12, 2026, common shares outstanding were 7,697,746,967.
Two Hands Corporation reported a Q1 2026 net loss of $64,234, a significant improvement from $330,432 a year earlier, but generated no revenue in either period. Operating expenses fell slightly to $235,686, driven mainly by lower professional fees, while salaries and consulting costs increased as management pursues new initiatives.
The company’s bottom line benefited from a $250,102 non-cash gain from the change in fair value of derivative liabilities, partly offset by $44,846 of debt discount amortization and interest and $33,804 of initial derivative expense. Cash declined to $47,057 as of March 31, 2026, with a working capital deficit of $2,387,220 and total liabilities of $2,467,657, reflecting heavy reliance on related-party and convertible debt financing.
Management again notes substantial doubt about the company’s ability to continue as a going concern, citing a stockholders’ deficit of about $2.0M and an accumulated deficit of $95,069,236. During the quarter, the company advanced $250,000 toward acquiring AI dating platform assets from DailyLove and expects to account for this as a cost-method investment once all terms are met. Subsequent to quarter-end, over 200 million new shares were approved for issuance for services, which will further increase the already large share count of 6.63 billion common shares outstanding as of May 12, 2026.
Two Hands Corporation filed its Q3 2025 report, highlighting a sharp contraction in operations. The company reported $0 sales for both the quarter and the nine-month period, compared with prior-year activity. Q3 net loss was $416,336, and the nine-month net loss narrowed to $1,083,086 from $1,610,304 a year earlier as operating expenses fell.
Liquidity remains strained: cash was $9,632, current liabilities were $3,338,227, and the working capital deficit was $3,294,442. Management disclosed a going concern uncertainty given cumulative losses and limited cash resources. As context, total shares outstanding were 6,301,509,691 as of November 13, 2025.
Capital structure activity continued. In 2025, the lender converted $850,972 of a line of credit into 170,194,403 shares. Subsequent events include conversions of $97,300 under a convertible note into 138,019,999 shares and $1,836,000 of a promissory note into 500,000,000 shares (300,000,000 issued to date). On November 13, 2025, the company issued a $115,000 convertible promissory note for $100,000 in proceeds.