XML 29 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sales $ 190,691 $ 174,774 $ 389,730 $ 364,081
Cost of goods sold 196,969 154,966 375,494 325,776
Gross profit (loss) (6,278) 19,808 14,236 38,305
Operating expenses        
General and administrative 14,021,263 446,806 14,781,176 1,303,745
Total operating expenses 14,021,263 446,806 14,781,176 1,303,745
Loss from operations (14,027,541) (426,998) (14,766,940) (1,265,440)
Other income (expense)        
Amortization of debt discount and interest expense (32,570) (61,067) (62,768) (130,966)
Loss on settlement of debt (2,287,450) (1,517,348) (2,871,450) (3,456,925)
Initial derivative expense (14,206) (126,322)
Change in fair value of derivative liabilities 32,511 101,124
     Total other income (expense) (2,320,020) (1,560,110) (2,934,218) (3,613,089)
Net loss attributable to Two Hands Corporation (16,347,561) (1,987,108) (17,701,158) (4,878,529)
Net loss attributable to Two Hands Corporation common shareholders (14,806,681) (1,987,108) (16,160,278) (4,878,529)
Other comprehensive income (loss)        
Foreign exchange loss 2,884 1,701
    Total other comprehensive loss 2,884 1,701
Comprehensive loss $ (14,803,797) $ (1,987,108) $ (16,158,577) $ (4,878,529)
Net loss per common share - basic and diluted $ (0.18) $ (1.26) $ (0.36) $ (3.83)
Weighted average number of common shares outstanding - basic and diluted 82,169,404 1,576,311 44,674,229 1,273,031
Series A Stock Modification [Member]        
Other income (expense)        
Deemed dividend $ (1,396,721) $ (1,396,721)
Series B Stock Modification [Member]        
Other income (expense)        
Deemed contribution 1,354,515 1,354,515
Series C Stock Modification [Member]        
Other income (expense)        
Deemed contribution 834,001 834,001
Series D Stock Modification [Member]        
Other income (expense)        
Deemed contribution $ 749,085 $ 749,085