Two Hands (TWOH) 10-Q 21 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2018shares
Document and Entity Information:
Entity Registrant Name	TWO HANDS Corp
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Trading Symbol	twoh
Amendment Flag	false
Entity Central Index Key	1,494,413
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	451,217,690
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	2,018
Document Fiscal Period Focus	Q1

TWO HANDS CORPORATION. - Conden

TWO HANDS CORPORATION. - Condensed Consolidated Balance Sheets - USD ($)		Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash		$ 11,398	$ 18,771
Accounts receivable, net		76,888
TOTAL CURRENT ASSETS		88,286	18,771
Property and equipment, net		1,483	1,694
Total Assets		89,769	20,465
Current Liabilities:
Accounts payable and accrued liabilities		108,154	251,679
Convertible notes, net	[1]	441,893	164,763
Notes payable		60,151	258,995
Due to related party		23,359	41,734
Total Current Liabilities		633,557	717,171
TOTAL LIABILITIES		633,557	717,171
Commitments and Contingencies
Stockholders' Deficit
Preferred stock
Common stock		45,122	40,621
Shares to be issued		690,718	469,218
Additional paid-in capital		23,585,417	23,247,917
Accumulated deficit		(24,865,045)	(24,454,462)
TOTAL STOCKHOLDERS' DEFICIT		(543,788)	(696,706)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 89,769	$ 20,465
[1]	Convertible notes, net of unamortized debt discount of $64,617 and $0, respectively.

Statement of Financial Position

Statement of Financial Position - Parenthetical - $ / shares	Mar. 31, 2018	Dec. 31, 2017
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	451,217,690	406,217,690
Common Stock, Shares Outstanding	451,217,690	406,217,690

TWO HANDS CORPORATION - Condens

TWO HANDS CORPORATION - Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement
Sales	$ 170,852
Gross profit	170,852
Operating Expenses:
Bad debts	6,200
General and administrative	173,600	$ 127,995
Stock-based compensation- salaries	231,500	375
TOTAL OPERATING EXPENSES	411,300	128,370
Loss from operations	(240,448)	(128,370)
Other income (loss)
Amortization of debt discount and interest expense	(20,135)	(7,097)
Loss on settlement of debt	(150,000)
Total other income (expense)	(170,135)	(7,097)
Net loss for the period	$ (410,583)	$ (135,467)
Net loss per comon share- basic	$ 0	$ 0
Weighted average number of common shares outstanding- basic	432,217,690	406,217,690

TWO HANDS CORPORATION - Conden5

TWO HANDS CORPORATION - Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net loss for the period	$ (410,583)	$ (135,467)
Adjustments to reconcile net loss to cash (used in) provided by operating activities:
Depreciation and amortization	211
Bad debts	6,200
Stock based compensation	231,500	375
Amortization of debt discount	20,135	7,097
Loss on settlement of debt, increase decrease	150,000
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable	(83,088)	10,188
Increase in accounts payable and accrued liabilities	36,477	95,304
Net Cash used in operating activities	(49,148)	(22,503)
Cash flows from financing activities:
Advances by related party	19,474	5,439
Repayment of advances to related party	(37,850)	(4,120)
Proceeds from notes payable	60,151	20,016
Net Cash provided by financing activities	41,775	21,335
Net change in cash	(7,373)	(1,168)
Cash, beginning of period	18,771	1,280
Cash, end of period	11,398	112
Cash paid during the period
Interest paid
Income tax paid
Supplemental disclosure of non-cash investing and financing activities
Issue of shares to settle convertible notes	152,000	111,214
Issue of shares to settle accrued liabilities	180,000	251,047
Issue of convertible notes to settle notes payable	258,995	$ 19,520
Issue of shares to settle shares to be issued	$ 10,000

Note 1 - Nature of Operations a

Note 1 - Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Notes
Note 1 - Nature of Operations and Basis of Presentation	NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION Two Hands Corporation (formerly 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. From inception (April 3, 2009) until June 30, 2014 our business was a product development firm creating products designed, prototyped and produced in numerous industries including consumer and household goods, office products, furniture, and toys On March 1, 2012 the Company entered into a license agreement with Szar International, Inc. (dba Cigar & Spirits Magazine) (“Cigar & Spirits”). The agreement granted the Company the right to market the products of Cigar & Spirits including but not limited to the sales, promotion, and advertising vehicles of the Magazine. On July 8, 2013, The Company received written notice that Cigar & Spirits will cancel the license agreement on August 1, 2013. Since July 1, 2014, our business is a research and product development firm. Over the past few years we have specialized in computer vision and gesture recognition technologies. We have leveraged our relationship with our product development team of programmers and designers to implement our vision for building a state of the art co-parenting application due to launch in the second quarter of 2018. The Company is also in the business of working with other independent contractors to build brand awareness campaigns for clients and their products. The Company provides assistance in building brand awareness for the products it sells through its internet website, out-of-home, mobile, online and other media outlets as required. Additionally, the Company develops the creative media to support the client’s media buys. The Company also assists Clients in developing and assisting in matters of developing brand strategies and discussions pertaining thereof. The Company executes and/or oversee the research, planning, pricing, creative development, tracking and deployment of all online and out-of-home advertising projects needed to promote client products and services. The operations of the business are carried on by a 100% owned subsidiary, I8 Interactive Corporation, a company incorporated under the laws of Ontario, Canada.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying financial statements of Two Hands Corporation 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, 2017 of Two Hands Corporation in our Form 10-K filed on March 29, 2018. The interim financial statements present the balance sheets, statements of operations and cash flows of Two Hands Corporation. 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 March 31, 2018 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. During the three months ended March 31, 2018, the Company incurred a net loss of $410,583 and used cash in operating activities of $49,148, and at March 31, 2018, had a stockholders’ deficit of $543,788. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. 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. PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, I8 Interactive Corporation. All intercompany transactions and balances have been eliminated in consolidation. 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. PROPERTY AND EQUIPMENT Property and equipment is stated at cost, less accumulated depreciation and amortization. Expenditures for maintenance and repairs are charged to expense when incurred, while renewals and betterments that materially extend the life of an asset are capitalized. The costs of assets sold, retired, or otherwise disposed of, and the related allowance for depreciation, are eliminated from the accounts, and any resulting gain or loss is recognized in the results from operations. Depreciation is provided over the estimated useful lives of the assets, which are as follows: Computer equipment 50% declining balance In the year of acquisition, one half the normal rate of depreciation is provided. REVENUE RECOGNITION In accordance with ASC 606, revenue is recognized when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which we expect to be entitled to receive in exchange for these goods or services. The provisions of ASC 606 include a five-step process by which we determine revenue recognition, depicting the transfer of goods or services to customers in amounts reflecting the payment to which we expect to be entitled in exchange for those goods or services. ASC 606 requires us to apply the following steps: (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, we satisfy the performance obligation. 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. At March 31, 2018 and December 31, 2017, we excluded the common stock issuable upon conversion of convertible promissory notes of 3,335,502,947 shares and 206,301,000 shares, respectively, as their effect would have been anti-dilutive. 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' 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 The Company’s financial instruments such as cash, accounts and sundry receivable, accounts payable and accrued liabilities, convertible notes, notes payable and due to related parties are reported at cost, which approximates fair value due to the short term nature of these financial instruments. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. In February 2016, the FASB issued ASU No. 2016-02, Leases. 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	3 Months Ended
	Mar. 31, 2018
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, due on demand notes payable issued to The Cellular Connection Ltd. during the period from February 22, 2013 to June 10, 2014 with a total carrying value $42,189. The issue price of the Note is $42,189 with a face value of $54,193 and the Note has a maturity date of December 31, 2014. At the option of the Company, the Company may convert principal and interest at a fixed conversion price of $0.40 per share of the Company’s common stock. 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 13,750 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 159,660 shares of common stock of the Company at a fixed conversion price of $0.20 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. On March 21, 2016 the Company elected to convert $16,750 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 83,750 shares of common stock of the Company at a fixed conversion price of $0.20 per share. On September 1, 2016 the Company elected to convert $2,000 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 20,000,000 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, 2017, the face value increased by 20% and the maturity date was extended to December 31, 2017. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2018, the face value increased by 20% and the maturity date was extended to December 31, 2018. On February 7, 2018 the Company elected to convert $2,000 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 20,000,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share. This conversion resulted in a loss on debt settlement of $150,000 due to the requirement to record the share issuance at fair value on the date the shares were issued (February 7, 2018). The condensed consolidated statement of operations includes interest expense of $772 and $644 for the three months ended March 31, 2018 and 2017, respectively. At March 31, 2018 and December 31, 2017 the carrying amount of the Note is $14,432 (face value of $16,792 less $2,360 unamortized discount) and $15,660 (face value of $15,660 less $0 unamortized discount), respectively. On September 1, 2016, Doug Clark, former Chief Executive Officer and related party, assigned the Side Letter Agreement (“Note”) dated June 10, 2014 with a total carrying value $382,016 to DC Design Inc. (“DC Design”). In addition on September 1, 2016, the Company entered into an amended Side Letter Agreement with DC Design to amend and add certain terms to the Side Letter Agreement and advances from the period from June 25, 2014 to December 24, 2014. Under the terms of the amended Side Letter Agreement, the issue price of the Note is $174,252 with an interest rate 20% per annum and maturity date of December 31, 2017. At the option of the Company, the Company may convert principal and interest at a fixed conversion price of $0.003 per share of the Company’s common stock. The modification of the Note has been accounted for as debt extinguishment and the issuance of a new debt instrument. Accordingly, in connection with extinguishment of the original debt, the Company recognized a $207,764 gain with a related party as an increase in additional paid-in capital in the condensed consolidated statement of equity. 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 September 1, 2016 the Company elected to convert $60,000 of principal and interest of the convertible note due to DC Design into 20,000,000 shares of common stock of the Company at a fixed conversion price of $0.003 per share. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2018, the face value increased by 20% and the maturity date was extended to December 31, 2018. The condensed consolidated statement of operations includes interest expense of $7,353 and $6,453 for the three months ended March 31, 2018 and 2017, respectively. At March 31, 2018 and December 31, 2017 the carrying amount of the Note is $156,456 (face value of $178,923 less $22,467 unamortized discount) and $149,103 (face value of $149,103 less $0 unamortized discount), respectively. On January 8, 2018, the Company entered into a Side Letter Agreement (“Note”) with The Cellular Connection Ltd., to amend and add certain terms to unsecured, non-interest bearing, due on demand notes payable totaling $14,930 issued by the Company during the period of June 2014 and December 2017. The issue price of the Note is $14,930 with a face value of $17,916 and the Note has a maturity date of December 31, 2018. At the option of the Company, the Company may convert principal and interest at a fixed conversion price of $0.0001 per share of the Company’s common stock. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the Note. If the Note is not paid on the maturity date, the outstanding face amount of the Note shall increase by 20% on January 1, 2019. The outstanding face value of the Note shall increase by another 20% on January 1, 2020 and again on each one year anniversary of the Note until the Note has been paid in full. The condensed consolidated statement of operations includes interest expense of $693 and $0 for the three months ended March 31, 2018 and 2017, respectively. At March 31, 2018 and December 31, 2017 the carrying amount of the Note is $15,622 (face value of $17,916 less $2,294 unamortized discount) and $0, respectively. On January 8, 2018, the Company entered into a Side Letter Agreement (“Note”) with Stuart Turk, to amend and add certain terms to unsecured, non-interest bearing, due on demand notes payable totaling $244,065 issued by the Company during the period of July 2014 and December 2017. The issue price of the Note is $244,065 with a face value of $292,878 and the Note has a maturity date of December 31, 2018. At the option of the Company, the Company may convert principal and interest at a fixed conversion price of $0.0001 per share of the Company’s common stock. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the Note. If the Note is not paid on the maturity date, the outstanding face amount of the Note shall increase by 20% on January 1, 2019. The outstanding face value of the Note shall increase by another 20% on January 1, 2020 and again on each one year anniversary of the Note until the Note has been paid in full. The condensed consolidated statement of operations includes interest expense of $11,317 and $0 for the three months ended March 31, 2018 and 2017, respectively. At March 31, 2018 and December 31, 2017 the carrying amount of the Note is $255,383 (face value of $292,879 less $37,496 unamortized discount) and $0, respectively.

Note 4 - Notes Payable

Note 4 - Notes Payable	3 Months Ended
	Mar. 31, 2018
Notes
Note 4 - Notes Payable	NOTE 4 – NOTES PAYABLE As of March 31, 2018 and December 31, 2017 notes payable due to Stuart Turk, Jordan Turk and The Cellular Connection Limited, a corporation controlled by Stuart Turk, totaling $60,151 and $258,995, 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	3 Months Ended
	Mar. 31, 2018
Notes
Note 5 - Related Party Transactions	NOTE 5 – RELATED PARTY TRANSACTIONS As of March 31, 2018 and December 31, 2017 advances of $23,359 and $41,734, 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. Employment Agreements On July 1, 2016, the Company executed an employment agreement for the period from July 1, 2016 to June 30, 2017 with Nadav Elituv, the Chief Executive Officer of the Company whereby the Company shall pay 7,500 shares of Common Stock of the Company with a fair value of $1,500 ($0.20 per share) and an annual salary of $360,000 payable monthly on the first day of each month from available funds. On July 1, 2017, the Company executed an employment agreement for the period from July 1, 2017 to June 30, 2018 with Nadav Elituv, the Chief Executive Officer of the Company whereby the Company shall pay 10,000,000 shares of Common Stock of the Company with a fair value of $926,000 ($0.0926 per share). Stock-based compensation – salaries expense related to these employment agreements for the three months ended March 31, 2018 and 2017 is $231,500 and $375, respectively. Stock-based compensation – salaries expense is recognized ratably over the requisite service period.

Note 6 - Stockholders' Deficit

Note 6 - Stockholders' Deficit	3 Months Ended
	Mar. 31, 2018
Notes
Note 6 - Stockholders' Deficit	NOTE 6 - STOCKHOLDERS’ DEFICIT 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 February 7, 2018 the Company elected to convert $2,000 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 20,000,000 shares of common stock of the Company valued at $152,000 ($0.0076 per share) at a fixed conversion price of $0.0001 per share. The conversion resulted in a loss on settlement of debt of $150,000. On February 7, 2018, the Company 25,000,000 shares of common stock valued at $ 190,000 ($0.007 6 per share) to settle accrued liabilities for salary and shares to be issued of $10,000 due to the Nadav Elituv, the Chief Executive Officer of the Company. Shares to be issued As at March 31, 2018 and December 31, 2017, the Company had total shares to be issued of 6,215,302 shares of common stock and 5,031,092 shares of common stock, respectively, for stock-based compensation –salaries (see Note 5).

Note 7 - Concentration Risk

Note 7 - Concentration Risk	3 Months Ended
	Mar. 31, 2018
Notes
Note 7 - Concentration Risk	NOTE 7 – CONCENTRATION RISK The company is subject to risk of non-payment on its trade accounts receivable. For the three months ended March 31, 2018 and 2017, the company has few customers. One customer represents 100% of the total outstanding accounts receivable and one customer represents 100% of total sales. Management consistently monitors its client credit terms with customers to reduce credit risk exposure.

Note 8 - Subsequent Events

Note 8 - Subsequent Events	3 Months Ended
	Mar. 31, 2018
Notes
Note 8 - Subsequent Events	NOTE 8 – SUBSEQUENT EVENTS On , 2018, the Company entered into Side Letter Agreement (“Note”) to amend and add certain terms unsecured, non-interest bearing, due on demand notes payable totaling $ the period . he issue price of the Note is $ with a face value of $ . fixed conversion price of $0.0001 per share of Company’s common stock The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the . If the Note is not paid on the maturity date, the outstanding face amount of the Note shall increase by 20% on January 1, 2019. The outstanding face value of the Note shall increase by another 20% on January 1, 2020 and again on each one year anniversary of the Note until the Note has been paid in full. On , 2018, the Company entered into Side Letter Agreement (“Note”) to amend and add certain terms unsecured, non-interest bearing, due on demand notes payable totaling $ . he issue price of the Note is $ with a face value of $ . fixed conversion price of $0.0001 per share of Company’s common stock The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the . If the Note is not paid on the maturity date, the outstanding face amount of the Note shall increase by 20% on January 1, 2019. The outstanding face value of the Note shall increase by another 20% on January 1, 2020 and again on each one year anniversary of the Note until the Note has been paid in full.

Note 2 - Summary of Significa14

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Basis of Presentation	BASIS OF PRESENTATION The accompanying financial statements of Two Hands Corporation 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, 2017 of Two Hands Corporation in our Form 10-K filed on March 29, 2018. The interim financial statements present the balance sheets, statements of operations and cash flows of Two Hands Corporation. 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 March 31, 2018 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 Significa15

Note 2 - Summary of Significant Accounting Policies: Going Concern (Policies)	3 Months Ended
	Mar. 31, 2018
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. During the three months ended March 31, 2018, the Company incurred a net loss of $410,583 and used cash in operating activities of $49,148, and at March 31, 2018, had a stockholders’ deficit of $543,788. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern within one year of the date that the financial statements are issued. 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 Significa16

Note 2 - Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, I8 Interactive Corporation. All intercompany transactions and balances have been eliminated in consolidation.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies)	3 Months Ended
	Mar. 31, 2018
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 Significa18

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	3 Months Ended
	Mar. 31, 2018
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 Significa19

Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Property and Equipment	PROPERTY AND EQUIPMENT Property and equipment is stated at cost, less accumulated depreciation and amortization. Expenditures for maintenance and repairs are charged to expense when incurred, while renewals and betterments that materially extend the life of an asset are capitalized. The costs of assets sold, retired, or otherwise disposed of, and the related allowance for depreciation, are eliminated from the accounts, and any resulting gain or loss is recognized in the results from operations. Depreciation is provided over the estimated useful lives of the assets, which are as follows: Computer equipment 50% declining balance In the year of acquisition, one half the normal rate of depreciation is provided.

Note 2 - Summary of Significa20

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Revenue Recognition	REVENUE RECOGNITION In accordance with ASC 606, revenue is recognized when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which we expect to be entitled to receive in exchange for these goods or services. The provisions of ASC 606 include a five-step process by which we determine revenue recognition, depicting the transfer of goods or services to customers in amounts reflecting the payment to which we expect to be entitled in exchange for those goods or services. ASC 606 requires us to apply the following steps: (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, we satisfy the performance obligation.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	3 Months Ended
	Mar. 31, 2018
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 Significa22

Note 2 - Summary of Significant Accounting Policies: Net Loss Per Share (Policies)	3 Months Ended
	Mar. 31, 2018
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. At March 31, 2018 and December 31, 2017, we excluded the common stock issuable upon conversion of convertible promissory notes of 3,335,502,947 shares and 206,301,000 shares, respectively, as their effect would have been anti-dilutive.

Note 2 - Summary of Significa23

Note 2 - Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)	3 Months Ended
	Mar. 31, 2018
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' deficit, whereas gains or losses resulting from foreign currency transactions are included in results of operations.

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies: Stock-based Compensation (Policies)	3 Months Ended
	Mar. 31, 2018
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 Significa25

Note 2 - Summary of Significant Accounting Policies: Comprehensive Income (loss) (Policies)	3 Months Ended
	Mar. 31, 2018
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 Significa26

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s financial instruments such as cash, accounts and sundry receivable, accounts payable and accrued liabilities, convertible notes, notes payable and due to related parties are reported at cost, which approximates fair value due to the short term nature of these financial instruments.

Note 2 - Summary of Significa27

Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2018
Policies
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. In February 2016, the FASB issued ASU No. 2016-02, Leases. 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 (Det

Note 3 - Convertible Notes (Details) - USD ($)	Jan. 08, 2018	Sep. 04, 2016	Jan. 02, 2015	Jun. 26, 2014	Jun. 10, 2014	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Sep. 02, 2016	Sep. 01, 2016	Mar. 31, 2016	Mar. 21, 2016	Dec. 31, 2015
Common Stock, Shares Issued						451,217,690		406,217,690
Convertible Note Issued to Doug Clark
Debt Conversion, Converted Instrument, Amount		$ 174,252
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, Maturity Date	Dec. 31, 2018		Dec. 31, 2015		Dec. 31, 2014
Debt Instrument, Convertible, Conversion Price					$ 0.40
Interest expense						$ 772	$ 644
Convertible Notes- The Cellular Connection Ltd- Common Stock
Long-term Debt, Gross						14,432		$ 15,660
Debt Instrument, Convertible, Conversion Price											$ 0.0001
Debt Conversion, Original Debt, Amount				$ 5,500
Debt Conversion, Converted Instrument, Shares Issued				13,750
Convertible Note- The Cellular Connection ltd
Long-term Debt, Gross	$ 14,930					15,622		0
Debt Conversion, Converted Instrument, Amount	14,930
Debt Instrument, Face Amount	$ 17,916
Debt Instrument, Convertible, Conversion Price	$ 0.0001											$ 0.20	$ 0.20
Conversion of Principal and Interest										$ 2,000		$ 16,750	$ 31,932
Common Stock, Shares Issued										20,000,000		83,750	159,660
Interest expense						693	0
Doug Clark Former CEO
Long-term Debt, Gross						156,456		149,103
Debt Instrument, Convertible, Conversion Price									$ 0.003
Conversion of Principal and Interest									$ 60,000
Common Stock, Shares Issued									20,000,000
Due to Other Related Parties, Noncurrent									$ 382,016
Gain on Extinguishment of Debt									$ 207,764
Doug Clark Former CEO | Convertible Note Issued to Doug Clark
Debt Instrument, Maturity Date		Dec. 31, 2017
Debt Instrument, Convertible, Conversion Price									$ 0.003
Debt Instrument, Interest Rate, Stated Percentage									20.00%
SideLetterAgreementStuartTurkMember
Long-term Debt, Gross	$ 244,065					255,383		$ 37,496
Debt Conversion, Converted Instrument, Amount	244,065
Debt Instrument, Face Amount	$ 292,878
Debt Instrument, Maturity Date	Dec. 31, 2018
Debt Instrument, Convertible, Conversion Price	$ 0.0001
Interest expense						$ 11,317	$ 0

Note 4 - Notes Payable (Details

Note 4 - Notes Payable (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Details
Other Notes Payable	$ 60,151	$ 258,995

Note 5 - Related Party Transa30

Note 5 - Related Party Transactions (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Due to related party	$ 23,359	$ 41,734
Nadav Elituv- CEO
Due to related party	$ 23,359	$ 41,734

Note 6 - Stockholders' Deficit

Note 6 - Stockholders' Deficit (Details) - USD ($)	Mar. 31, 2018	Feb. 07, 2018	Dec. 31, 2017
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	451,217,690		406,217,690
Common stock	$ 45,122		$ 40,621
The Cellular Connection Ltd.
Interest on Convertible Note		$ 2,000
Common Stock, Shares Issued		20,000,000
Sale of Stock, Price Per Share		$ 0.0001
Nadav Elituv
Common Stock, Shares Issued		25,000,000
Common stock		$ 190,000