Two Hands Corp Reports Q2 Loss, Going Concern, and New Convertible Note Conversions
TWOH has more than doubled off its 52-week low of $0.
Summary
Two Hands Corp's Q2 2026 10-Q shows a $2.19M net loss, zero revenue, and a going concern warning. Subsequent events reveal $112,765 of debt converted into 136.4M shares, adding significant dilution.
Key Events · Earnings and Guidance · TWOH
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Q2 Net Loss of $2.19M
Net loss for the three months ended June 30, 2026 was $2,186,409, compared to $336,318 in the prior year period. Revenue was zero.
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Going Concern Warning
The company has a stockholders' deficit of $2,088,641, an accumulated deficit of $97,255,645, and only $40,108 in cash as of June 30, 2026. Management states substantial doubt about the company's ability to continue as a going concern.
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Debt Conversions Add 136.4M Shares
Between July 20 and August 6, 2026, Vanquish Funding Group converted $112,765 of principal and interest into 136,364,500 shares of common stock at prices ranging from $0.0011 to $0.0015 per share.
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New Convertible Note Issued
On July 6, 2026, the company issued a convertible promissory note to Vanquish Funding Group for $125,000 in cash, with a 10% annual interest rate and a variable conversion price at 75% of the average of the three lowest closing bid prices.
Analysis · TWOH · Trade & Services
Two Hands Corp's Q2 2026 10-Q shows a net loss of $2.19 million, zero revenue, and a going concern warning with only $40,108 in cash. The filing also reveals that Vanquish Funding Group converted $112,765 of debt into 136.4 million shares in July and August 2026, adding significant dilution at prices near $0.001. The company continues to rely on toxic convertible notes with deep discount conversion features, and the stock trades at $0.001 with a market cap of only $6.6 million. The combination of ongoing losses, minimal cash, and aggressive dilution from debt conversions makes this a critical update for investors.
At the time of this filing, TWOH was trading at $0.00 on OTC in the Trade & Services sector, with a market capitalization of approximately $6.6M. The 52-week trading range was $0.00 to $0.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.