Two Hands (TWOH) 10-Q 22 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2016shares
Document and Entity Information:
Entity Registrant Name	Innovative Product Opportunities Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Trading Symbol	ipru
Amendment Flag	false
Entity Central Index Key	1,494,413
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	2,433,550,605
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Innovative Product Opportunitie

Innovative Product Opportunities Inc. - Condensed Consolidated Balance Sheets - USD ($)		Jun. 30, 2016	Dec. 31, 2015
Current Assets:
Cash		$ 20,954	$ 23
Accounts and sundry receivable, net		4,122	5,866
Prepaid expenses			5,575
TOTAL CURRENT ASSETS		25,076	11,464
Property and equipment, net		29	145
Total Assets		25,105	11,609
Current Liabilities:
Accounts payable and accrued liabilities		371,840	190,148
Convertible notes, net	[1]	384,564	365,012
Notes payable		67,264	47,969
Deferred revenue			10,288
Due to related party		8,701	19,688
Total Current Liabilities		832,369	633,105
TOTAL LIABILITIES		832,369	633,105
Stockholders' Deficit
Preferred stock	[2]
Common stock	[3]	243,355	226,955
Stock payable		5,000	2,500
Additional paid-in capital		22,056,108	21,955,757
Accumulated deficit		(23,111,727)	(22,860,708)
TOTAL STOCKHOLDERS' DEFICIT		(807,264)	(621,496)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 25,105	$ 11,609
[1]	Convertible notes, net of unamortized debt discount of $36,701 and $0, respectively.
[2]	$0.001 par value; 1,000,000 shares authorized, 0 issued and outstanding
[3]	$0.0001 par value; 3,000,000,000 shares authorized, 2,433,550,605 and 2,269,550,605 shares issued and outstanding, respectively.

Statement of Financial Position

Statement of Financial Position - Parenthetical - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	3,000,000,000	3,000,000,000
Common Stock, Shares Issued	2,433,550,605	2,269,550,605
Common Stock, Shares Outstanding	2,433,550,605	2,269,550,605

Innovative Product Opportuniti4

Innovative Product Opportunities Inc. - Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement
Sales	$ 23,964	$ 12,835	$ 88,838	$ 12,835
Cost of sales	5,699		18,491
Gross profit	18,265	12,835	70,347	12,835
Operating Expenses:
Bad debt				8,250
General and administrative	116,726	17,807	236,563	31,725
Stock-based compensation- services	30,000	60,000	100,000	237,072
Stock-based compensation- salaries	1,250	15,000	2,500	15,000
TOTAL EXPENSES	147,976	92,807	339,063	292,047
Loss from operations	(129,711)	(79,972)	(268,716)	(279,212)
Other income (loss)
Accretion of debt discount	(18,151)	(17,105)	(36,302)	(34,021)
Total other income (loss)	(18,151)	(17,105)	(36,302)	(34,021)
Net loss for the period	$ (147,862)	$ (97,077)	$ (305,018)	$ (313,233)
Net loss per comon share- basic	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding- basic	2,365,418,737	855,509,225	2,321,569,836	743,931,697

Innovative Product Opportuniti5

Innovative Product Opportunities Inc. - Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net loss for the period	$ (305,018)	$ (313,233)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	115	115
Bad debt		8,250
Stock issued for services and salary	102,500	252,072
Accretion of debt discount	36,302	34,021
Changes in operating assets and liabilities:
Increase in accounts receivable	1,743	(13,217)
Decrease in prepaid expenses	5,575	2,000
Increase in deferred revenue	(10,288)
Increase in accounts payable and accrued liabilities	181,693	4,693
Net Cash (used in) operating activities	12,622	(25,299)
Cash flows from financing activities:
Advances	19,296	18,332
Repayment of advances	(1,549)	(419)
Advances by related party	4,550	18,130
Repayment of advances by related party	(13,988)	(10,251)
Net Cash provided by financing activities	8,309	25,792
Net change in cash	20,931	493
Cash, beginning of period	23
Cash, end of period	20,954	493
Supplemental schedule of non-cash investing and financing activities:
Interest paid
Taxes paid

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Notes
Note 1 - Nature of Operations and Basis of Presentation	NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION Innovative Product Opportunities Inc. (the "Company") was incorporated on April 3, 2009 in the State of Delaware and established a fiscal year end of December 31. Our business is a research and product development firm specializing in computer vision and gesture recognition technologies targeted at the staging and lighting industry. The operations of the business are carried on by a 100% owned subsidiary, I8 Interactive Corporation, a company incorporated under the laws of Canada.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying unaudited financial statements of Innovative Product Opportunities Inc have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The financial statements should be read in conjunction with the annual financial statements for the year ended December 31, 2015 of Innovative Product Opportunities Inc. in our Form 10-K filed on March 29, 2016. The interim financial statements present the balance sheets, statements of operations and cash flows of Innovative Product Opportunities Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2016 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. GOING CONCERN The Company's financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have significant operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has an accumulated deficit at June 30, 2016 of $23,111,727. The Company will be dependent upon the raising of additional capital through placement of its common stock in order to implement its business plan. There can be no assurance that the Company will be successful in this situation. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might result from this uncertainty. The Company is funding its initial operations by way of loans from its Chief Executive Office and others, and the use of equity to pay some operating expenses. The Company's officers and directors have committed to advancing certain operating costs of the Company. USE OF ESTIMATES AND ASSUMPTIONS Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. CASH AND CASH EQUIVALENTS For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. REVENUE RECOGNITION The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue or customer deposits. The company accrues for sales returns, bad debts, and other allowances based on its historical experience. Net sales under certain long-term contracts for product design, which may provide for periodic payments, are recognized under the percentage-of-completion method. Estimated cost-at-completion for these contracts are reviewed on a routine periodic basis, and adjustments are made periodically to the estimated cost-at-completion, based on actual costs incurred, progress made, and estimates of the costs required to complete the contractual requirements. When the estimated cost-at-completion exceeds the contract value, the contract is written down to its net realizable value, and the loss resulting from cost overruns is immediately recognized. To properly match net sales with costs, certain contracts may have revenue recognized in excess of billings (unbilled revenues), and other contracts may have billings in excess of net sales recognized (customer deposits). Under long-term contracts, the prerequisites for billing the customer for periodic payments generally involve the Company's achievement of contractually specific, objective milestones. Revenue for services contracts will be recognized under a proportional performance model if the following criteria are met (i) the arrangement provides for periodic billings as services are provided (ii) the customer receives value as the services as rendered, not just upon the completion of the services and (iii) the customer need not re-perform services that it has already received if it terminates the service contract early and hires another service provider to complete the service deliverable. If these criteria are not met, the Company will recognize revenue on the service contracts using the completed contract method. INCOME TAXES The Company accounts for income taxes in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("FASB ASC") 740, Income Taxes. Under the assets and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. NET LOSS PER SHARE Basic net income (loss) per share includes no dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding for the period increased to include the number of additional common shares that would have been outstanding if potentially dilutive securities had been issued. There were no potentially dilutive securities outstanding during the periods presented. FOREIGN CURRENCY TRANSLATION The financial statements are presented in the Company’s functional currency which is the United States dollars. In accordance with FASB ASC 830, Foreign Currency Matters, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the periods presented. Related translation adjustments are reported as a separate component of stockholders' equity (deficit), whereas gains or losses resulting from foreign currency transactions are included in results of operations. STOCK-BASED COMPENSATION The Company measures stock-based compensation at the grant date based on the fair value of the award and recognizes stock-based compensation expense over the requisite service period. The Company also grants awards to non-employees and determines the fair value of such stock-based compensation awards granted as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty's performance is completed. The Company has not adopted a stock option plan and has not granted any stock options. COMPREHENSIVE INCOME (LOSS) The Company has adopted ASC Topic 220 - Comprehensive Income, which establishes standards for reporting and the display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity except those resulting from investments by owners or distributions to owners. Among other disclosures, Topic 220 requires that all items that are required to be recognized under the current accounting standards as a component of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. Comprehensive income is displayed in the statement of stockholders' deficit and in the balance sheet as a component of stockholders' deficit. FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with the requirements of FASB ASC 820, Fair Value Measurements and Disclosures, and FASB ASC 825, Financial Instruments, the Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. The statement establishes market or observable inputs as the preferred sources of values, followed by assumptions based on hypothetical transactions in the absence of market inputs. The statement requires fair value measurements be classified and disclosed in one of the following categories: Level 1 – Quoted prices in active markets for identical assets and liabilities. Level 2 – Quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Significant inputs to the valuation model are unobservable. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. RECENT ACCOUNTING PRONOUNCEMENTS In April 2014, the FASB issued Accounting Standards Update No. 2014-08 (ASU 2014-08), Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360). ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on the Company's operations and financial results should be presented as discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014. The Company is currently evaluating the impact of adopting ASU 2014-08 on the Company's results of operations or financial condition. In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the impact the adoption of ASU 2014-09 and has not determined the effect of the standard on our ongoing financial reporting. In August 2014, the FASB issued Accounting Standards Update No. 2014-15 (ASU 2014-15), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact the adopting ASU 2014-15 on the Company’s financial statement presentation and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements.

Note 3 - Convertible Notes

Note 3 - Convertible Notes	6 Months Ended
	Jun. 30, 2016
Notes
Note 3 - Convertible Notes	NOTE 3 – CONVERTIBLE NOTES On June 10, 2014, the Company agreed to amend and add certain terms to unsecured, non-interest bearing promissory notes payable on demand issued to The Cellular Connection Ltd. issued during the period from February 22, 2013 to June 10, 2014 with a total carrying value $42,189. Under the terms of the Side Letter Agreement, the issue price of the Note is $42,189 with a face value of $54,193 and interest rate 20% per year. The terms of the Note include a fixed conversion price of $0.0002 per share of Company’s common stock and a maturity date of December 31, 2014. The amendment of the terms of the Note resulted in a beneficial conversion feature of $42,189. The beneficial conversion feature of $42,189 is included in additional paid-in capital. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. On June 20 and 26, 2014 the Company elected to convert $5,500 of principal into 27,500,000 shares of the Company's common stock. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2015, the face value increased by 20% and the maturity date was extended to December 31, 2015. From January 1 to December 31, 2015, the Company elected to convert $31,932 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 319,320,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2016, the face value increased by 20% and the maturity date was extended to December 31, 2016. From January 1 to June 30, 2016, the Company elected to convert $16,750 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 167,500,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share. The consolidated statement of operations includes interest expense of $1,318 and $2,636 for the three and six months ended June 30, 2016. On June 10, 2014, the Company entered into Side Letter Agreement with the Dorset Solutions Inc. to amend and add certain terms to invoices issued for services during the period from August 21, 2012 to May 17, 2014 with a total carrying value $17,150. Under the terms of the Side Letter Agreement, the issue price of the Note is $17,150 with a face value of $22,295 and interest rate 20% per year. The terms of the Note include a fixed conversion price of $0.0002 per share of Company’s common stock and a maturity date of December 31, 2014. The amendment of the terms of the Note resulted in a beneficial conversion feature of $17,150. The beneficial conversion feature of $17,150 is included in additional paid-in capital. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2015, the face value increased by 20% and the maturity date was extended to December 31, 2015. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2016, the face value increased by 20% and the maturity date was extended to December 31, 2016. The consolidated statement of operations includes interest expense of $1,330 and $2,660 for the three and six months ended June 30, 2016. On June 10, 2014, the Company entered into Side Letter Agreement with the Doug Clark, former Chief Executive Officer, to amend and add certain terms to the related party advances of $82,495 for the period from March 2009 to June 2014 and officer and director compensation accrued and unpaid of $137,000 for the period October 1, 2013 to May 19, 2014. Under the terms of the Side Letter Agreement, the issue price of the Note is $219,495 with a face value of $272,038 and interest rate 20% per year. The terms of the Note include a fixed conversion price of $0.0002 per share of Company’s common stock and a maturity date of December 31, 2014. The amendment of the terms of the Note resulted in a beneficial conversion feature of $219,495. The beneficial conversion feature of $219,495 is included in additional paid-in capital. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2015, the face value increased by 20% and the maturity date was extended to December 31, 2015. From January 1 to December 31, 2015, the Company elected to convert $14,688 of principal and interest of a convertible note due to Doug Clark into 73,437,515 shares of common stock of the Company at a fixed conversion price of $0.0002 per share. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2016, the face value increased by 20% and the maturity date was extended to December 31, 2016. The consolidated statement of operations includes interest expense of $15,703 and $31,406 for the three and six months ended June 30, 2016.

Note 4 - Notes Payable

Note 4 - Notes Payable	6 Months Ended
	Jun. 30, 2016
Notes
Note 4 - Notes Payable	NOTE 4 – NOTES PAYABLE On January 19, 2016, the Company issued a promissory note in the amount of $603 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On January 28, 2016, the Company issued a promissory note in the amount of $1,703 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On February 2, 2016, the Company issued a promissory note in the amount of $1,950 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On February 23, 2016, the Company issued a promissory note in the amount of $2,146 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On February 24, 2016, the Company issued a promissory note in the amount of $2,146 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On February 26, 2016, the Company issued a promissory note in the amount of $715 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On March 10, 2016, the Company issued a promissory note in the amount of $2,500 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On March 11, 2016, the Company issued a promissory note in the amount of $1,055 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On March 28, 2016, the Company issued a promissory note in the amount of $982 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On March 30, 2016, the Company issued a promissory note in the amount of $257 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On March 31, 2016, the Company issued a promissory note in the amount of $700 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On May 2, 2016, the Company issued a promissory note in the amount of $2,038 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. On May 10, 2016, the Company issued a promissory note in the amount of $2,500 to The Cellular Connection Limited. This note is unsecured, bears no interest and is payable on demand by the note holder. As of June 30, 2016 and December 31, 2015 notes payable totaling $67,264 and $47,969, respectively, were outstanding. The balances are non-interest bearing, unsecured and have no specified terms of repayment.

Note 5 - Related Party Transact

Note 5 - Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Notes
Note 5 - Related Party Transactions	NOTE 5 – RELATED PARTY TRANSACTIONS As of June 30, 2016 and December 31, 2015 advances of $4,390 were due to Doug Clark, the Company's former Chief Executive Officer. The balance are non-interest bearing, unsecured and have no specified terms of repayment. As of June 30, 2016 and December 31, 2015 advances of $794 and $11,781, respectively, were due to Nadav Elituv, the Company's Chief Executive Officer. The balance is non-interest bearing, unsecured and have no specified terms of repayment. As of June 30, 2016 and December 31, 2015 advances of $3,517 were due to Doug Clark, the Company's former Chief Executive Officer. The balance are non-interest bearing, unsecured and have no specified terms of repayment. On July 1, 2015, the Company executed an employment agreement (“Agreement”) with Nadav Elituv, the Chief Executive Officer of the Company whereby the Company shall pay 50,000,000 shares of Common Stock of the Company and an annual salary of $360,000 payable monthly on the first day of each month from available funds. Pursuant to this Agreement, at June 30, 2016, salary payable of $331,047 is included in accounts payable and accrued liabilities and stock-based compensation of $5,000 is included in stock payable.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Notes
Note 6 - Stockholders' Equity	NOTE 6 - STOCKHOLDERS’ EQUITY The Company is authorized to issue an aggregate of 3,000,000,000 common shares with a par value of $0.0001 per share and 1,000,000 shares of preferred stock with a par value of $0.001 per share. No preferred shares have been issued. On March 22, 2016, the Company agreed to issue 50,000,000 shares of common stock valued at $70,000 ($0.0014 per share) to a consultant as stock-based compensation for development, implementation and maintenance of sound business strategies. On March 22, 2016, the Company and Nadav Elituv, the Chief Executive Officer of the Company, agreed to cancel, for no consideration, 153,500,000 shares of common stock of the Company held by Nadav Elituv. On June 1, 2016, the Company agreed to issue 100,000,000 shares of common stock valued at $30,000 ($0.0003 per share) to a consultant as stock-based compensation for development, implementation and maintenance of sound business strategies. From January 1 to June 30, 2016, the Company elected to convert $16,750 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 167,500,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share.

Note 7 - Subsequent Events

Note 7 - Subsequent Events	6 Months Ended
	Jun. 30, 2016
Notes
Note 7 - Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS On July 26, 2016, pursuant to stockholder consent, our Board of Directors authorized an amendment (the "Amendment") to our Certificate of Incorporation, as amended, to (i) change the name of the Company to Two Hands Corporation and (ii) affect a reverse stock split of the issued and outstanding shares of our common stock, par value $0.0001, on a 1 for 2,000 basis (the "Reverse Stock Split"). We filed the Amendment with the Delaware Secretary of State on July 27, 2016 with an effective date of August 16, 2016. On the Effective Date, each holder of common stock will receive 1 share of our common stock for each 2,000 shares of our common stock they own immediately prior to the Reverse Stock Split. We will not issue fractional shares in connection with the Reverse Stock Split. Fractional shares will be rounded up to the nearest whole share.

Note 2 - Summary of Significa13

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited financial statements of Innovative Product Opportunities Inc have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The financial statements should be read in conjunction with the annual financial statements for the year ended December 31, 2015 of Innovative Product Opportunities Inc. in our Form 10-K filed on March 29, 2016. The interim financial statements present the balance sheets, statements of operations and cash flows of Innovative Product Opportunities Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2016 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year.

Note 2 - Summary of Significa14

Note 2 - Summary of Significant Accounting Policies: Going Concern (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Going Concern	GOING CONCERN The Company's financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have significant operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has an accumulated deficit at June 30, 2016 of $23,111,727. The Company will be dependent upon the raising of additional capital through placement of its common stock in order to implement its business plan. There can be no assurance that the Company will be successful in this situation. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might result from this uncertainty. The Company is funding its initial operations by way of loans from its Chief Executive Office and others, and the use of equity to pay some operating expenses. The Company's officers and directors have committed to advancing certain operating costs of the Company.

Note 2 - Summary of Significa15

Note 2 - Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Use of Estimates and Assumptions	USE OF ESTIMATES AND ASSUMPTIONS Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Revenue Recognition	REVENUE RECOGNITION The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue or customer deposits. The company accrues for sales returns, bad debts, and other allowances based on its historical experience. Net sales under certain long-term contracts for product design, which may provide for periodic payments, are recognized under the percentage-of-completion method. Estimated cost-at-completion for these contracts are reviewed on a routine periodic basis, and adjustments are made periodically to the estimated cost-at-completion, based on actual costs incurred, progress made, and estimates of the costs required to complete the contractual requirements. When the estimated cost-at-completion exceeds the contract value, the contract is written down to its net realizable value, and the loss resulting from cost overruns is immediately recognized. To properly match net sales with costs, certain contracts may have revenue recognized in excess of billings (unbilled revenues), and other contracts may have billings in excess of net sales recognized (customer deposits). Under long-term contracts, the prerequisites for billing the customer for periodic payments generally involve the Company's achievement of contractually specific, objective milestones. Revenue for services contracts will be recognized under a proportional performance model if the following criteria are met (i) the arrangement provides for periodic billings as services are provided (ii) the customer receives value as the services as rendered, not just upon the completion of the services and (iii) the customer need not re-perform services that it has already received if it terminates the service contract early and hires another service provider to complete the service deliverable. If these criteria are not met, the Company will recognize revenue on the service contracts using the completed contract method.

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Income Taxes	INCOME TAXES The Company accounts for income taxes in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("FASB ASC") 740, Income Taxes. Under the assets and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value.

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies: Net Loss Per Share (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Net Loss Per Share	NET LOSS PER SHARE Basic net income (loss) per share includes no dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding for the period increased to include the number of additional common shares that would have been outstanding if potentially dilutive securities had been issued. There were no potentially dilutive securities outstanding during the periods presented.

Note 2 - Summary of Significa20

Note 2 - Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Foreign Currency Translation	FOREIGN CURRENCY TRANSLATION The financial statements are presented in the Company’s functional currency which is the United States dollars. In accordance with FASB ASC 830, Foreign Currency Matters, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the periods presented. Related translation adjustments are reported as a separate component of stockholders' equity (deficit), whereas gains or losses resulting from foreign currency transactions are included in results of operations.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Stock-based Compensation	STOCK-BASED COMPENSATION The Company measures stock-based compensation at the grant date based on the fair value of the award and recognizes stock-based compensation expense over the requisite service period. The Company also grants awards to non-employees and determines the fair value of such stock-based compensation awards granted as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty's performance is completed. The Company has not adopted a stock option plan and has not granted any stock options.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies: Comprehensive Income (loss) (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Comprehensive Income (loss)	COMPREHENSIVE INCOME (LOSS) The Company has adopted ASC Topic 220 - Comprehensive Income, which establishes standards for reporting and the display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity except those resulting from investments by owners or distributions to owners. Among other disclosures, Topic 220 requires that all items that are required to be recognized under the current accounting standards as a component of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. Comprehensive income is displayed in the statement of stockholders' deficit and in the balance sheet as a component of stockholders' deficit.

Note 2 - Summary of Significa23

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with the requirements of FASB ASC 820, Fair Value Measurements and Disclosures, and FASB ASC 825, Financial Instruments, the Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. The statement establishes market or observable inputs as the preferred sources of values, followed by assumptions based on hypothetical transactions in the absence of market inputs. The statement requires fair value measurements be classified and disclosed in one of the following categories: Level 1 – Quoted prices in active markets for identical assets and liabilities. Level 2 – Quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Significant inputs to the valuation model are unobservable. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement.

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In April 2014, the FASB issued Accounting Standards Update No. 2014-08 (ASU 2014-08), Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360). ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on the Company's operations and financial results should be presented as discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014. The Company is currently evaluating the impact of adopting ASU 2014-08 on the Company's results of operations or financial condition. In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the impact the adoption of ASU 2014-09 and has not determined the effect of the standard on our ongoing financial reporting. In August 2014, the FASB issued Accounting Standards Update No. 2014-15 (ASU 2014-15), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact the adopting ASU 2014-15 on the Company’s financial statement presentation and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements.

Note 2 - Summary of Significa25

Note 2 - Summary of Significant Accounting Policies: Going Concern (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Details
Accumulated deficit	$ 23,111,727	$ 22,860,708

Note 3 - Convertible Notes (Det

Note 3 - Convertible Notes (Details) - USD ($)	Jan. 02, 2015	Jun. 26, 2014	Jun. 10, 2014	Jun. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	May 17, 2014
Convertible Note Issued to Doug Clark
Debt Conversion, Converted Instrument, Amount			$ 219,495
Promissory Note Issued from February 22, 2013 to June 10, 2014- The Cellular Connection Ltd.
Long-term Debt, Gross			42,189
Debt Conversion, Converted Instrument, Amount			42,189
Convertible Note- The Ceullular Connection ltd
Debt Instrument, Face Amount			$ 54,193
Debt Instrument, Interest Rate, Stated Percentage			20.00%
Debt Instrument, Convertible, Conversion Price			$ 0.0002
Debt Instrument, Maturity Date	Dec. 31, 2015		Dec. 31, 2014
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature			$ 42,189
Interest Expense				$ 1,318	$ 2,636
Convertible Note- The Cellular Connection ltd
Debt Conversion, Converted Instrument, Amount			42,189
Convertible Notes- The Cellular Connection Ltd- Common Stock
Debt Instrument, Convertible, Conversion Price						$ 0.0001
Debt Conversion, Original Debt, Amount		$ 5,500
Debt Conversion, Converted Instrument, Shares Issued		27,500,000
Accounts Payable- Dorset Solutions
Debt Conversion, Converted Instrument, Amount			17,150
Accounts Payable							$ 17,150
Convertible Notes- Dorset Solutions
Debt Instrument, Face Amount			$ 22,295
Debt Instrument, Interest Rate, Stated Percentage			20.00%
Debt Instrument, Convertible, Conversion Price			$ 0.0002
Debt Instrument, Maturity Date	Dec. 31, 2015		Dec. 31, 2014
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature			$ 17,150
Interest Expense				1,330	2,660
Doug Clark Former CEO
Debt Conversion, Converted Instrument, Amount			219,495
Interest Expense				$ 15,703	$ 31,406
Due to Other Related Parties, Noncurrent			82,495
Accounts Payable and Accrued Liabilities, Noncurrent			137,000
Doug Clark Former CEO | Convertible Note Issued to Doug Clark
Debt Instrument, Face Amount			$ 272,038
Debt Instrument, Interest Rate, Stated Percentage			20.00%
Debt Instrument, Convertible, Conversion Price			$ 0.0002
Debt Instrument, Maturity Date	Dec. 31, 2015		Dec. 31, 2014

Note 4 - Notes Payable (Details

Note 4 - Notes Payable (Details) - USD ($)	Jun. 30, 2016	May 10, 2016	May 02, 2016	Mar. 31, 2016	Mar. 30, 2016	Mar. 28, 2016	Mar. 11, 2016	Mar. 10, 2016	Feb. 26, 2016	Feb. 24, 2016	Feb. 23, 2016	Feb. 02, 2016	Jan. 28, 2016	Jan. 19, 2016	Dec. 31, 2015
Other Notes Payable	$ 67,264														$ 47,969
The Cellular Connection
Other Notes Payable		$ 2,500	$ 2,038	$ 700	$ 257	$ 982	$ 1,055	$ 2,500	$ 715	$ 2,146	$ 2,146	$ 1,950	$ 1,703	$ 603

Note 5 - Related Party Transa28

Note 5 - Related Party Transactions (Details) - USD ($)	6 Months Ended
	Dec. 31, 2015	Jun. 30, 2016
Due to related party	$ 19,688	$ 8,701
Stock payable	2,500	5,000
Nadav Elituv
Salaries, Wages and Officers' Compensation	360,000
Salary Payable		331,047
Stock payable		5,000
Nadav Elituv- CEO
Due to related party	$ 11,781	794
Doug Clark Former CEO
Due to related party		3,517
Doug Clark
Due to related party		$ 4,390

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Details) - USD ($)		Jun. 30, 2016	Jun. 01, 2016	Mar. 22, 2016	Dec. 31, 2015
Common Stock, Shares Authorized		3,000,000,000			3,000,000,000
Common Stock, Par Value		$ 0.0001			$ 0.0001
Preferred Stock, Shares Authorized		1,000,000			1,000,000
Preferred Stock, Par Value		$ 0.001			$ 0.001
Common Stock, Shares Issued		2,433,550,605			2,269,550,605
Common stock	[1]	$ 243,355			$ 226,955
Consultants
Common Stock, Shares Issued				50,000,000
Common stock				$ 70,000
Nadav Elituv
Common Stock Cancellation				153,500,000
Consultant
Common Stock, Shares Issued			100,000,000
Common stock			$ 30,000
The Cellular Connection Ltd.
Common Stock, Shares Issued		167,500,000
Interest on Convertible Note		$ 16,750
Sale of Stock, Price Per Share		$ 0.0001
[1]	$0.0001 par value; 3,000,000,000 shares authorized, 2,433,550,605 and 2,269,550,605 shares issued and outstanding, respectively.