TWOH — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-19

• The Company is currently in the process of shifting its focus to becoming a technology company, specifically in the artificial intelligence and quantum computing spaces. The Company’s AI strategy is to address the needs three distinct economies, each of which requires a different solution: personal …

• On June 30, 2026, pursuant to stockholder consent, our Board of Directors authorized an amendment (the “Amendment”) to our Certificate of Incorporation, as amended, to change the name of the Corporation from Two Hands Corporation to Quantum X, Inc. The Company filed the Amendment with the Delaware S…

• On July 7, 2026, the Company voluntarily delisting its common shares from the Canadian Securities Exchange (the "CSE"). The Company’s common shares are no longer listed or posted for trading on the CSE. The Company’s common stock continues to be quoted on the OTC Markets under the symbol “TWOH”.

• The Company evaluates the embedded features of its financial instruments, including convertible notes payable, in accordance with ASC 480 and ASC 815. Certain conversion options and certain contingent features are required to be bifurcated from their host instrument and accounted for separately as d…

• Bifurcated embedded derivatives are recognized at fair value at issuance, with the fair value recorded as a derivative liability and a corresponding debt discount limited to the proceeds received; any excess of the derivative’s fair value over the proceeds is recognized in the condensed consolidated…

Text removed vs the prior filing · source: 10-Q · 2026-05-22

• 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".

• 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/hos…

• In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Paragraph 815-15-25-1 the conversion feature and certain other features are considered embedded derivative instruments, such as a conversion reset provision, a penalty provision and redemption …

• In circumstances where the embedded conversion option in a convertible instrument is required to be bifurcated and there are also other embedded derivative instruments in the convertible instrument that are required to be bifurcated, the bifurcated derivative instruments are accounted for as a singl…

• The Company follows ASC Section 815-40-15 (“Section 815-40-15”) to determine whether an instrument (or an embedded feature) is indexed to the Company’s own stock. Section 815-40-15 provides that an entity should use a two-step approach to evaluate whether an equity-linked financial instrument (or em…