---

UNITED STATESSECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2010

or

[   ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ___________________ to
___________________

Commission File Number 000-53976

HORIYOSHI WORLDWIDE INC.(Exact name of registrant as specified in its charter)

|Nevada                                                               | 98-0513655                       
|-------------------------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (IRS Employer Identification No.)
|                                                                     |                                  
|711 S. Olive Street, Suite 504, Los Angeles, CA,
      USA           | 90014                            
|(Address of principal executive offices)                             | (Zip Code)                       

(213) 505-7114(Registrants telephone number,
including area code)

Kranti Resources, Inc.6705 Tomken Rd., Suite 211,
Mississauga, ON L5T 2J6(905) 670-0663(Former
name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. [X] YES  
 [   ] NO

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-K (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
[   ] YES    [   ] NO

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act.

Large accelerated filer [   ]
    
    Accelerated
      filer                   [ 
       ]Non-accelerated filer   [   ]
    (Do not check if a smaller
      reporting company)
    Smaller reporting company [X]


Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act [X] YES  
 [   ] NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports
required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.[   ]
YES    [   ] NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the
issuers classes of common stock, as of the latest practicable date. 94,866,525
common shares issued and outstanding as of August 9, 2010

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TABLE OF CONTENTS

|                                     |                                                                   | Page
|------------------------------------ | ----------------------------------------------------------------- | ----
|                                     |                                                                   |     
|PART I 
      FINANCIAL INFORMATION
|                                     |                                                                   |     
|Item 1.                              | Financial Statements                                              | 3   
|                                     |                                                                   |     
|Item 2.                              | Managements
      Discussion and Analysis or Plan of Operation   | 14  
|                                     |                                                                   |     
|Item 3.                              | Quantitative
      and Qualitative Disclosures About Market Risk  | 19  
|                                     |                                                                   |     
|Item 4.                              | Controls and
      Procedures                                     | 19  
|                                     |                                                                   |     
|PART II 
      OTHER INFORMATION   
|                                     |                                                                   |     
|Item 1.                              | Legal Proceedings                                                 | 20  
|                                     |                                                                   |     
|Item 2.                              | Unregistered
      Sales of Equity Securities and Use of Proceeds | 20  
|                                     |                                                                   |     
|Item 3.                              | Defaults Upon
      Senior Securities                             | 20  
|                                     |                                                                   |     
|Item 4.                              | [Removed and
      Reserved]                                      | 20  
|                                     |                                                                   |     
|Item 5.                              | Other Information                                                 | 20  
|                                     |                                                                   |     
|Item 6.                              | Exhibits                                                          | 20  

- 2 -

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PART I - FINANCIAL INFORMATION

Item 1.        Financial
Statements

The accompanying unaudited financial statements have been
prepared in accordance with accounting principles generally accepted in the
United States of America and the rules of the Securities and Exchange Commission
("SEC"), and should be read in conjunction with the audited financial statements
and notes thereto contained in our company's Form 10-K filed with the SEC on
March 31, 2010. In the opinion of management, all adjustments, consisting of
normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the periods presented have been
reflected herein. The results of operations for the periods presented are not
necessarily indicative of the results to be expected for the full year ending
December 31, 2010.

- 3 -

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HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources, Inc.)

(A Development Stage Company)

INTERIM FINANCIAL STATEMENTS

JUNE 30, 2010

(Unaudited)





- 4 -

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|HORIYOSHI WORLDWIDE INC.         
|---------------------------------
|(Formerly Kranti Resources, Inc.)
|(A Development Stage Company)    
|Balance
      Sheets             

|                                                                                                                                        |   | As of       |   |   | As of       |  
|--------------------------------------------------------------------------------------------------------------------------------------- | - | ----------- | - | - | ----------- | -
|                                                                                                                                        |   | June 30,    |   |   | December 31 |  
|                                                                                                                                        |   | 2010        |   |   | 2009        |  
|                                                                                                                                        |   | (Unaudited) |   |   |             |  
|ASSETS                                                                                                                                  |   |             |   |   |             |  
|Current Assets                                                                                                                          |   |             |   |   |             |  
|Cash                                                                                                                                    | $ | 53          |   | $ | 53          |  
|                                                                                                                                        |   |             |   |   |             |  
|TOTAL ASSETS                                                                                                                            | $ | 53          |   | $ | 53          |  
|                                                                                                                                        |   |             |   |   |             |  
|                                                                                                                                        |   |             |   |   |             |  
|LIABILITIES AND STOCKHOLDERS DEFICIT                                                                                                   |   |             |   |   |             |  
|                                                                                                                                        |   |             |   |   |             |  
|LIABILITIES                                                                                                                             |   |             |   |   |             |  
|Current Liabilities                                                                                                                     |   |             |   |   |             |  
|Accounts payable                                                                                                                        | $ | 12,051      |   | $ | 1,700       |  
|Due to related party (note 6)                                                                                                           |   | 18,485      |   |   | 12,423      |  
|Total Liabilities                                                                                                                       |   | 30,536      |   |   | 14,123      |  
|                                                                                                                                        |   |             |   |   |             |  
|STOCKHOLDERS DEFICIT (note 3)                                                                                                          |   |             |   |   |             |  
|                                                                                                                                        |   |             |   |   |             |  
|Preferred stock, par value
      $0.001, 100,000,000 shares 
               authorized, none issued and outstanding                     |   | -           |   |   | -           |  
|                                                                                                                                        |   |             |   |   |             |  
|Common stock, par value
      $0.001, 1,081,100,000 shares 
                 authorized, 94,866,525 shares issued
      and outstanding |   | 94,867      |   |   | 94,867      |  
|Capital deficiency                                                                                                                      |   | (9,367      | ) |   | (9,367      | )
|Deficit accumulated during the development
      stage                                                                                  |   | (115,983    | ) |   | (99,570     | )
|Total
      Stockholders Deficit                                                                                                       |   | (30,483     | ) |   | (14,070     | )
|                                                                                                                                        |   |             |   |   |             |  
|TOTAL LIABILITIES AND STOCKHOLDERS
      DEFICIT                                                                                       | $ | 53          |   | $ | 53          |  

The accompanying notes are an integral part of these financial
statements.

- 5 -

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|HORIYOSHI WORLDWIDE INC.         
|---------------------------------
|(Formerly Kranti Resources, Inc.)
|(A Development Stage Company)    
|Interim Statements of Operations 
|(Unaudited)                      

|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   | Cumulative     |  
|--------------------------------------------------------- | - | --------------------------- | - | - | ------------------------- | - | - | ---------- | - | - | ---------- | - | - | -------------- | -
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   | From Inception |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   | (November 3,   |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   | 2006) to       |  
|                                                          |   | Three Months Ended June 30, |   |   | Six Months Ended June 30, |   |   | June 30,   |  
|                                                          |   | 2010                        |   |   | 2009                      |   |   | 2010       |   |   | 2009       |   |   | 2010           |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|REVENUES:                                                 | $ | -                           |   | $ | -                         |   | $ | -          |   | $ | -          |   | $ | -              |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|OPERATING EXPENSES:                                       |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|General and administrative expenses                       |   | 163                         |   |   | 15                        |   |   | 163        |   |   | 73         |   |   | 755            |  
|Mining expenses                                           |   | -                           |   |   | -                         |   |   | -          |   |   | -          |   |   | 49,045         |  
|Professional fees                                         |   | 6,842                       |   |   | 4,651                     |   |   | 16,266     |   |   | 11,427     |   |   | 66,591         |  
|Total Operating
      Expenses                            |   | 7,005                       |   |   | 4,666                     |   |   | 16,429     |   |   | 11,500     |   |   | 116,391        |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|OTHER INCOME AND EXPENSE                                  |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|Foreign currency transaction gain                         |   | 16                          |   |   | -                         |   |   | 16         |   |   | -          |   |   | 16             |  
|Interest income                                           |   | -                           |   |   | -                         |   |   | -          |   |   | 4          |   |   | 392            |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|Net Loss Applicable to Common Shares                      | $ | (6,989                      | ) | $ | (4,666                    | ) | $ | (16,413    | ) | $ | (11,496    | ) | $ | (115,983       | )
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|Basic and Diluted Loss per Common Share                   | $ | (0.00                       | ) | $ | (0.00                     | ) | $ | (0.00      | ) | $ | (0.00      | ) |   |                |  
|                                                          |   |                             |   |   |                           |   |   |            |   |   |            |   |   |                |  
|Weighted Average Number of CommonShares
      Outstanding |   | 94,866,525                  |   |   | 94,866,525                |   |   | 94,866,525 |   |   | 94,866,525 |   |   |                |  

The accompanying notes are an integral part of these financial
statements.

- 6 -

---

|HORIYOSHI WORLDWIDE INC.         
|---------------------------------
|(Formerly Kranti Resources, Inc.)
|(A Development Stage Company)    
|Interim Statements of Cash Flows 
|(unaudited)                      

|                                                                                  |   |                           |   |   |          |   |   | Cumulative     |  
|--------------------------------------------------------------------------------- | - | ------------------------- | - | - | -------- | - | - | -------------- | -
|                                                                                  |   |                           |   |   |          |   |   | From Inception |  
|                                                                                  |   |                           |   |   |          |   |   | (November 3,   |  
|                                                                                  |   |                           |   |   |          |   |   | 2006) to       |  
|                                                                                  |   | Six Months Ended June 30, |   |   | June 30, |  
|                                                                                  |   | 2010                      |   |   | 2009     |   |   | 2010           |  
|                                                                                  |   |                           |   |   |          |   |   |                |  
|CASH FLOWS FROM OPERATING ACTIVITIES                                              |   |                           |   |   |          |   |   |                |  
|Net loss                                                                          | $ | (16,413                   | ) | $ | (11,496  | ) | $ | (115,983       | )
|                                                                                  |   |                           |   |   |          |   |   |                |  
|Adjustments to reconcile net loss
      to net cash used in operating activities: |   |                           |   |   |          |   |   |                |  
|Changes in operating assets and liabilities:                                      |   |                           |   |   |          |   |   |                |  
|Decrease in prepaid
      expenses                                                |   | -                         |   |   | 470      |   |   | -              |  
|Increase (decrease) in accounts
      payable                                     |   | 10,351                    |   |   | (862     | ) |   | 12,051         |  
|Net cash used in operating
      activities                                       |   | (6,062                    | ) |   | (11,888  | ) |   | (103,932       | )
|                                                                                  |   |                           |   |   |          |   |   |                |  
|CASH FLOWS FROM INVESTING ACTIVITIES                                              |   |                           |   |   |          |   |   |                |  
|Net cash provided by (used in) investing activities                               |   | -                         |   |   | -        |   |   | -              |  
|                                                                                  |   |                           |   |   |          |   |   |                |  
|CASH FLOWS FROM FINANCING ACTIVITIES                                              |   |                           |   |   |          |   |   |                |  
|Advance from related party                                                        |   | 6,062                     |   |   | 2,500    |   |   | 18,485         |  
|Issuance of common stock for cash                                                 |   | -                         |   |   | -        |   |   | 85,500         |  
|Net cash provided by financing
      activities                                   |   | 6,062                     |   |   | 2,500    |   |   | 103,985        |  
|                                                                                  |   |                           |   |   |          |   |   |                |  
|Net increase (decrease) in cash and cash
      equivalents                        |   | -                         |   |   | (9,388   | ) |   | 53             |  
|                                                                                  |   |                           |   |   |          |   |   |                |  
|Cash and cash equivalents - beginning of
      period                             |   | 53                        |   |   | 10,309   |   |   | -              |  
|                                                                                  |   |                           |   |   |          |   |   |                |  
|Cash and cash equivalents - end of period                                         | $ | 53                        |   | $ | 921      |   | $ | 53             |  
|                                                                                  |   |                           |   |   |          |   |   |                |  
|Supplemental Cash Flow Disclosure:                                                |   |                           |   |   |          |   |   |                |  
|Cash paid for interest                                                            | $ | -                         |   | $ | -        |   | $ | -              |  
|Cash paid for income
      taxes                                                  | $ | -                         |   | $ | -        |   | $ | -              |  

The accompanying notes are an integral part of these financial
statements.

- 7 -

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HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources,
Inc.) (A Development Stage Company)Notes to Interim Financial
StatementsJune 30, 2010(Unaudited)

|1. | Organization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Horiyoshi Worldwide Inc. (the Company), a development
      stage company, was incorporated on November 3, 2006 in the State of
      Nevada, U.S.A. The Company was originally incorporated as Kranti
      Resources, Inc. and changed its name to Horiyoshi Worldwide Inc. on June
      17, 2010. It is based in Los Angeles, CA. The accounting and reporting
      policies of the Company conform to accounting principles generally
      accepted in the United States of America, and the Companys fiscal year
      end is December 31.                                                                                                                                                                                                                                                    
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The Company is a development stage company that intended
      to engage primarily in the acquisition, exploration and development of
      resource properties. The Company intends to change its business to a
      luxury apparel company. To date, the Companys activities have been
      limited to its formation, the raising of equity capital, and its mining
      exploration work program.                                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Development Stage Company                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The Company is considered to be in the development stage
      as defined in FASC 915-10-05 Development Stage Entity, and
      interpreted by the Securities and Exchange Commission for mining companies
      in Industry Guide 7. The Company has been devoting substantially all of
      its efforts to development of business plans and the exploration of
      mineral properties since inception, but has recently discontinued
      exploration on its properties described in Note 5. Management is currently
      contemplating other ventures of merit to enhance stockholder
  value.                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|2. | Significant Accounting Policies                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Use of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | The preparation of the Companys financial statements in
      conformity with accounting principles generally accepted in the United
      States requires management to make estimates and assumptions that affect
      the reported amounts of assets and liabilities, and disclosure of
      contingent assets and liabilities at the date of the financial statements,
      and the reported amount of revenues and expenses during the reporting
      period. Actual results could differ from those estimates. The Companys
      periodic filings with the Securities and Exchange Commission include,
      where applicable, disclosures of estimates, assumptions, uncertainties and
      markets that could affect the financial statements and future operations
      of the Company.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Cash and Cash Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Cash and cash equivalents include cash in banks, money
      market funds, and certificates of term deposits with maturities of less
      than three months from inception, which are readily convertible to known
      amounts of cash and which, in the opinion of management, are subject to an
      insignificant risk of loss in value. The Company had $53 in cash and cash
      equivalents at June 30, 2010 and December 31, 2009,
respectively.                                                                                                                                                                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | Start-Up Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   | In accordance with FASC 720-15-20 Start-up
      Activities, the Company expenses all costs incurred in connection
      with the start-up and organization of the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

- 8 -

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HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources,
Inc.) (A Development Stage Company)Notes to Interim Financial
StatementsJune 30, 2010(Unaudited)

|2. | Significant Accounting Policies
      Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Mineral Acquisition and Exploration
Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The Company has been in the exploration stage since its
      formation on November 3, 2006 and has not realized any revenue from its
      planned operations. It has been primarily engaged in the acquisition,
      exploration, and development of mining properties. Mineral property
      acquisition and exploration costs were expensed as incurred.                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | Net Income or (Loss) Per Share of Common
    Stock                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The Company has adopted FASC 260-10-20, Earnings per
      Share,(EPS) which requires presentation of basic and diluted EPS
      on the face of the income statement for all entities with complex capital
      structures and requires a reconciliation of the numerator and denominator
      of the basic EPS computation to the numerator and denominator of the
      diluted EPS computation. In the accompanying financial statements, basic
      earnings (loss) per share is computed by dividing net income (loss) by the
      weighted average number of shares of common stock outstanding during the
      period.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   | The following table sets forth the computation of basic
      and diluted earnings per share:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

| |                                                          |   | Three Months Ended June 30, |   |   | Six Months Ended June 30, |  
| | -------------------------------------------------------- | - | --------------------------- | - | - | ------------------------- | -
| |                                                          |   | 2010                        |   |   | 2009                      |  
| |                                                          |   |                             |   |   |                           |  
| | Net loss                                                 | $ | (6,989                      | ) | $ | (4,666                    | )
| |                                                          |   |                             |   |   |                           |  
| | Weighted average common shares outstanding
      (Basic) |   | 94,866,525                  |   |   | 94,866,525                |  
| | Options                                                  |   | -                           |   |   | -                         |  
| | Warrants                                                 |   | -                           |   |   | -                         |  
| | Weighted average common shares outstanding (Diluted)     |   | 94,866,525                  |   |   | 94,866,525                |  
| |                                                          |   |                             |   |   |                           |  
| | Net loss per share (Basic and Diluted)                   | $ | (0.00                       | ) | $ | (0.00                     | )

The Company has no potentially dilutive
securities, such as options or warrants, currently issued and outstanding.

Concentrations of Credit Risk

The Companys financial instruments
that are exposed to concentrations of credit risk primarily consist of its cash
and cash equivalents and related party payables. The Company places its cash and
cash equivalents with financial institutions of high credit worthiness. At
times, its cash and cash equivalents with a particular financial institution may
exceed any applicable government insurance limits. The Companys management
plans to assess the financial strength and credit worthiness of any parties to
which it extends funds, and as such, it believes that any associated credit risk
exposures are limited.

- 9 -

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HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources,
Inc.) (A Development Stage Company)Notes to Interim Financial
StatementsJune 30, 2010(Unaudited)

|2. | Significant Accounting Policies-
      Continued                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Foreign Currency Translations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The Companys functional and reporting currency is the US
      dollar. All transactions initiated in other currencies are translated into
      US dollars using the exchange rate prevailing on the date of transaction.
      Monetary assets and liabilities denominated in foreign currencies are
      translated into the US dollar at the rate of exchange in effect at the
      balance sheet date. Unrealized exchange gains and losses arising from such
      transactions are deferred until realization and are included as a separate
      component of shareholders equity (deficit) as a component of
      comprehensive income or loss. Upon realization, the amount deferred is
      recognized in income in the period when it is realized.                                                               
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | The Company has realized $16 in exchange gains from
      inception (November 3, 2006) to June 30, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Comprehensive Income (Loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | FASC Topic No. 220, Comprehensive Income,establishes standards for reporting and display of comprehensive
      income and its components in a full set of general-purpose financial
      statements. From inception (November 3, 2006) to June 30, 2010, the
      Company had no items of other comprehensive income. Therefore, net loss
      equals comprehensive loss from inception (November 3, 2006) to June 30,
      2010.                                                                                                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Recent Accounting Pronouncements                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | In June 2009, the FASB established the Accounting
      Standards Codification (Codification or ASC) as the source of
      authoritative accounting principles recognized by the FASB to be applied
      by nongovernmental entities in the preparation of financial statements in
      accordance with generally accepted accounting principles in the United
      States (GAAP). Rules and interpretive releases of the Securities and
      Exchange Commission (SEC) issued under authority of federal securities
      laws are also sources of GAAP for SEC registrants. Existing GAAP was not
      intended to be changed as a result of the Codification, and accordingly
      the change did not impact our financial statements. The ASC does change
      the way the guidance is organized and presented.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Statement of Financial Accounting Standards (SFAS) No.
      165 (ASC Topic 855), Subsequent Events, SFAS No. 166 (ASC Topic
      810), Accounting for Transfers of Financial Assets-an Amendment of
      FASB Statement No. 140, SFAS No. 167 (ASC Topic 810), Amendments
      to FASB Interpretation No. 46(R), and SFAS No. 168 (ASC Topic 105),
      The FASB Accounting Standards Codification and the Hierarchy of
      Generally Accepted Accounting Principles- a replacement of FASB Statement
      No. 162 were recently issued. SFAS No. 165, 166, 167, and 168 have no
      current applicability to the Company or their effect on the financial
      statements would not have been significant.                                                                                                   
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   | Accounting Standards Update (ASU) ASU No. 2009-05 (ASC
      Topic 820), which amends Fair Value Measurements and Disclosures 
      Overall, ASU No. 2009-13 (ASC Topic 605), Multiple Deliverable Revenue
      Arrangements, ASU No. 2009-14 (ASC Topic 985), Certain Revenue
      Arrangements that include Software Elements, and various other ASUs No.
      2009-2 through ASU No. 2010-20 which contain technical corrections to
      existing guidance or affect guidance to specialized industries or entities
      were recently issued. These updates have no current applicability to the
      Company or their effect on the financial statements would not have been
      significant.                                                                                                                    

10

---

HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources,
Inc.) (A Development Stage Company)Notes to Interim Financial
StatementsJune 30, 2010(Unaudited)

|3. | Stockholders Equity                                                                                                                                                                                                                                                                                                      
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                           
|   | Authorized Stock                                                                                                                                                                                                                                                                                                          
|   |                                                                                                                                                                                                                                                                                                                           
|   | At inception, the Company authorized 100,000,000 common
      shares and 100,000,000 preferred shares, both with a par value of $0.001
      per share. Each common share entitles the holder to one vote, in person or
      proxy, on any matter on which action of the stockholders of the
      corporation is sought.
|   |                                                                                                                                                                                                                                                                                                                           
|   | Effective April 30, 2009 the Company increased the number
      of authorized shares to 600,000,000 shares, of which 500,000,000 shares
      are designated as common stock par value $0.001 per share, and 100,000,000
      shares are designated as preferred stock, par value $0.001 per
    share.                  
|   |                                                                                                                                                                                                                                                                                                                           
|   | Effective June 17, 2010 the Company increased the number
      of authorized shares to 1,181,100,000 shares, of which 1,081,100,000
      shares are designated as common stock par value $0.001 per share, and
      100,000,000 shares are designated as preferred stock, par value $0.001 per
      share.             
|   |                                                                                                                                                                                                                                                                                                                           
|   | Share Issuances                                                                                                                                                                                                                                                                                                           
|   |                                                                                                                                                                                                                                                                                                                           
|   | On April 27, 2009, the Board authorized a 10 for 1
      forward split of its common stock effective May 19, 2009. Each stockholder
      of record on May 18, 2009 received ten (10) new shares of the Companys
      $0.001 par value stock for every one (1) old share outstanding.                                   
|   |                                                                                                                                                                                                                                                                                                                           
|   | On May 25, 2010, the Board authorized a 2.1622 for 1
      forward split of its common stock effective July 19, 2010. Each
      shareholder of record on July 18, 2010 received 2.1622 new shares of the
      Companys $0.001 par value stock for every one (1) old share
      outstanding.                           
|   |                                                                                                                                                                                                                                                                                                                           
|   | Since its inception (November 3, 2006), the Company has
      issued shares of its common stock as follows, retroactively adjusted to
      give effect to the forward splits:                                                                                                                                            

Price PerDate
    Description
    Shares
    Share
      Amount11/20/06
    Shares issued for cash
      10,811,000
      $ 0.00046
    $ 5,00012/13/06
    Shares issued for cash
      54,055,000
      0.00046
    25,00008/29/07
    Shares issued for cash
      30,000,525
      0.0018 5
    55,50006/36/10
    Cumulative Totals
      94,866,525
      
    $ 85,500


Of these shares, 64,866,000 were
originally issued to former directors and officers of the Company, and
30,000,525 were issued to unaffiliated investors.

There are no preferred shares
outstanding. The Company has no stock option plan, warrants or other dilutive
securities.

11

---

HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources,
Inc.) (A Development Stage Company)Notes to Interim Financial
StatementsJune 30, 2010(Unaudited)

|4. | Provision for Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   | The Company recognizes the tax effects of transactions in
      the year in which such transactions enter into the determination of net
      income, regardless of when reported for tax purposes. Deferred taxes are
      provided in the financial statements under FASC 718-740-20 to give effect
      to the resulting temporary differences which may arise from differences in
      the bases of fixed assets, depreciation methods, allowances, and start-up
      costs based on the income taxes expected to be payable in future years.
      Minimal exploration stage deferred tax assets arising as a result of net
      operating loss carryforwards have been offset completely by a valuation
      allowance due to the uncertainty of their utilization in future periods.
      Operating loss carry forwards generated during the period from November 3,
      2006 (date of inception) through June 30, 2010 of $115,983 will begin to
      expire in 2026. Accordingly, deferred tax assets of approximately $40,600
      were offset by the valuation allowance, which increased by $5,800 and
      $3,500 during the six months ended June 30, 2010 and 2009,
      respectively.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|5. | Mineral Property Costs                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   | On January 18, 2007, the Company entered into an option
      to purchase agreement (the Agreement) to purchase an undivided interest in
      one (1) mining claim, consisting of 478.495 Hectares (1,182.362 Acres) on
      property located in the Clinton Mining District, British Columbia, Canada
      (the Property) for $20,000 USD, which was paid upon the Agreements
      inception. In addition to the property payment, as most recently amended
      February 11, 2010, the Company was required to incur $275,000 CAD
      (Canadian Dollars) of exploration work on the property over four years as
      follows: expenditures of $25,000 CAD on or before the first anniversary
      date (paid), $50,000 CAD on or before June 30, 2010, $100,000 CAD on or
      before December 31, 2010, and $100,000 CAD on or before the fourth
      anniversary date. Since the contract is terminable by either party at any
      time, no accrual provision had been made for these expenditures.                                                                                                                                                                                             
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   | During October 2007, per the recommendation of a
      Geologist, the Company spent $14,290 CAD ($14,954 USD) on our work
      program. This expenditure was part of our required exploration work
      commitment. The program consisted of surveying a control grid, soil and
      rock chip sampling and geological mapping. An additional $10,775 USD in
      mining expenses was incurred and spent during the year ended December 31,
      2008. The Company has met its obligation to spend at least $25,000 CAD in
      work program expenses on the property. The Company is also responsible for
      maintaining the mineral claim in good standing by paying all the necessary
      rents, taxes, and filing fees associated with the Property. As of June 30,
      2010, the Company met these obligations.                                                                                                                                                                                                                                                                                                                                                                                 
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   | The Agreement was cancelled during the quarter ended June
      30, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|6. | Due to Related Party                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   | As of June 30, 2010 the Company was obligated to an
      officer and director, who is also a stockholder, for a non-interest
      bearing demand loan with a balance of $18,485. The Company plans to pay
      the loan back as cash flows become available. Interest has not been
      imputed on these advances due to its immaterial impact on the financial
      statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

12

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HORIYOSHI WORLDWIDE INC.(Formerly Kranti Resources,
Inc.) (A Development Stage Company)Notes to Interim Financial
StatementsJune 30, 2010(Unaudited)

|7. | Going Concern and Liquidity
  Considerations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | The accompanying financial statements have been prepared
      assuming that the Company will continue as a going concern, which
      contemplates, among other things, the realization of assets and
      satisfaction of liabilities in the normal course of business. As of June
      30, 2010, the Company had a working capital deficiency of $30,483 and an
      accumulated deficit of $115,983. The Company intends to fund operations
      through equity financing arrangements, which may be insufficient to fund
      its capital expenditures, working capital and other cash requirements for
      the next twelve months.
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | The ability of the Company to emerge from the development
      stage is dependent upon, among other things, obtaining additional
      financing to continue operations, and development of its business
    plan.                                                                                                                                                                                                                                                                                                                                                                                                                            
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | These factors, among others, raise substantial doubt
      about the Companys ability to continue as a going concern. The
      accompanying financial statements do not include any adjustments that
      might result from the outcome of this uncertainty.                                                                                                                                                                                                                                                                                                                                                                                
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|8. | Subsequent Events                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|   | The Company has evaluated events from June 30, 2010
      through the date whereupon the financial statements were issued and has
      determined that there are no additional items to
  disclose.                                                                                                                                                                                                                                                                                                                                                                                                                                           

---

Item 2.       
Managements Discussion and Analysis or Plan of Operation

Forward-Looking Statements

Certain statements, other than purely historical information,
including estimates, projections, statements relating to our business plans,
objectives, and expected operating results, and the assumptions upon which those
statements are based, are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements generally are identified by the words believes,
project, expects, anticipates, estimates, intends, strategy, plan,
may, will, would, will be, will continue, will likely result, and
similar expressions. We intend such forward-looking statements to be covered by
the safe-harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995, and are including this
statement for purposes of complying with those safe-harbor provisions.
Forward-looking statements are based on current expectations and assumptions
that are subject to risks and uncertainties which may cause actual results to
differ materially from the forward-looking statements. Our ability to predict
results or the actual effect of future plans or strategies is inherently
uncertain. Factors which could have a material adverse affect on our operations
and future prospects on a consolidated basis include, but are not limited to:
changes in economic conditions, legislative/regulatory changes, availability of
capital, interest rates, competition, and generally accepted accounting
principles. These risks and uncertainties should also be considered in
evaluating forward-looking statements and undue reliance should not be placed on
such statements. We undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information, future
events or otherwise. Further information concerning our business, including
additional factors that could materially affect our financial results, is
included herein and in our other filings with the SEC.

Overview

Horiyoshi Worldwide Inc., "we", "us", "our", "our company", was
incorporated on November 3, 2006 in the State of Nevada, U.S.A under the name
Kranti Resources, Inc. The accounting and reporting policies of our company
conform to accounting principles generally accepted in the United States of
America, and our companys fiscal year end is December 31.

On May 18, 2010, Benny Gill and Rimpal Samra resigned as
directors of our company and Jaskarn Samra (Jazz) resigned as president,
secretary, treasurer and director of our company.

Also on May 18, 2010, we received a consent to act from Mitsuo
Kojima and we appointed Mr. Kojima as president, secretary, treasurer and
director of our company.

On June 21, 2010, we effected a 2.1622 for one forward stock
split of our authorized and issued and outstanding stock. As a result, our
authorized capital increased from 500,000,000 shares of common stock to
1,081,100,000 shares of common stock and the issued and outstanding increased
from 43,875,000 shares of common stock to 94,866,525 shares of common stock, all
with a par value of $0.001. In addition, on June 21, 2010, we changed our name
to Horiyoshi Worldwide Inc. to better reflect the business of our company.

The name change and stock split became effective with the
Over-the-Counter Bulletin Board at the opening for trading on July 19, 2010. Our
CUSIP is 440E109.

Since incorporation we have been a development stage company
with the intention to engage primarily in the acquisition, exploration and
development of resource properties. Management of our company intends to change
our business to a luxury apparel company. To date, our companys activities have
been limited to our formation, the raising of equity capital, and our mining
exploration work program.

Our company is considered to be in the development stage as
defined in FASC 915-10-05 Development Stage Entity, and interpreted by
the Securities and Exchange Commission for mining companies in Industry Guide 7.
We have been devoting substantially all of our efforts to development of
business plans and the exploration of mineral properties since inception. With
the appointment of Mr. Kojima, we have recently discontinued exploration on our
properties and are currently contemplating other ventures of merit to enhance
stockholder value.

- 14 -

---

Plan of Operation

Our management has been analyzing the various alternatives
available to our company to ensure our survival and to preserve our
shareholders investment in our common shares. This analysis has included
sourcing additional forms of financing to continue our business as is, or
mergers and/or acquisitions. At this stage in our operations, we believe either
course is acceptable, as our operations have not been profitable and our future
prospects for our business are not good without further financing.

We are focusing our preliminary merger/acquisition activities
on potential business opportunities with established business entities for the
merger of a target business with our company. In certain instances, a target
business may wish to become a subsidiary of our company or may wish to
contribute assets to our company rather than merge. We anticipate that any new
acquisition or business opportunities by our company will require additional
financing. There can be no assurance, however, that we will be able to acquire
the financing necessary to enable us to pursue our plan of operation. If our
company requires additional financing and we are unable to acquire such funds,
our business may fail.

In implementing a structure for a particular business
acquisition or opportunity, we may become a party to a merger, consolidation,
reorganization, joint venture, or licensing agreement with another corporation
or entity. We may also acquire stock or assets of an existing business. Upon the
consummation of a transaction, it is likely that our present management will no
longer be in control of our company and our existing business will close down.
In addition, it is likely that our officers and directors will, as part of the
terms of the acquisition transaction, resign and be replaced by one or more new
officers and directors.

We anticipate that the selection of a business opportunity in
which to participate will be complex and without certainty of success.
Management believes that there are numerous firms in various industries seeking
the perceived benefits of being a publicly registered corporation. Business
opportunities may be available in many different industries and at various
stages of development, all of which will make the task of comparative
investigation and analysis of such business opportunities extremely difficult
and complex.

We may seek a business opportunity with entities who have
recently commenced operations, or entities who wish to utilize the public
marketplace in order to raise additional capital in order to expand business
development activities, to develop a new product or service, or for other
corporate purposes. We may acquire assets and establish wholly-owned
subsidiaries in various businesses or acquire existing businesses as
subsidiaries. At this stage, we can provide no assurance that we will be able to
locate compatible business opportunities, what additional financing we will
require to complete a combination or merger with another business opportunity or
whether the opportunity's operations will be profitable.

As of the date hereof, we have not been successful in our
business operations. Historically, we have been able to raise a limited amount
of capital through private placements of our equity stock, but we are uncertain
about our continued ability to raise funds privately. Further, we believe that
our company may have more difficulties raising capital for our existing
operations than for a new business opportunity. We have not entered into any
formal written agreements for a business combination or opportunity. If any such
agreement is reached, we intend to disclose such an agreement by filing a
current report on Form 8-K with the Securities and Exchange Commission.

If we are unable to secure adequate capital to continue our
business or alternatively, complete a merger or acquisition, our shareholders
will lose some or all of their investment and our business will likely fail.

- 15 -

---

Results of Operations

Three months ended June 30, 2010 compared to three months
ended June 30, 2009.

Three months
      
      
      Three monthsended
      
      
      endedJune 30, 2010
      
      
      June 30, 2009Revenue
    $
    Nil
    
    $
    NilOperating Expenses
    $
    7,005
    
    $
    4,666Foreign currency transaction
      gain
    $
    16
    
    $
    -Net Income (Loss)
    $
    (6,989
    )
    $
    (4,666
    )


Expenses

Our operating expenses for the three month periods ended June
30, 2010 and June 30, 2009 are outlined in the table below:

Three months
      
      
      Three monthsended
      
      
      endedJune 30, 2010
      
      
      June 30, 2009General and Administrative
      Expenses
    $
    163
    
    $
    15Mining Expenses
    $
    Nil
    
    $
    NilProfessional Fees
    $
    6,842
    
    $
    4,651


Operating expenses for the three months ended June 30, 2010
increased by 50.13% as compared to the comparative period in June 30, 2009
primarily as a result of an increase in general administrative expenses and
professional fees.

Six months ended June 30, 2010 compared to six months ended
June 30, 2009.

Six months ended
      
      
      Six months endedJune 30, 2010
      
      
      June 30, 2009Revenue
    $
    Nil
    
    $
    NilOperating Expenses
    $
    16,429
    
    $
    11,500Foreign currency transaction
      gain
    $
    16
    
    $
    -Interest income
    $
    -
    
    $
    4Net Income (Loss)
    $
    (16,413
    )
    $
    (11,496
    )


Expenses

Our operating expenses for the six month periods ended June 30,
2010 and June 30, 2009 are outlined in the table below:

Six months ended
      
      
      Six months endedJune 30, 2010
      
      
      June 30, 2009General and Administrative
      Expenses
    $
    163
    
    $
    73Mining Expenses
    $
    Nil
    
    $
    NilProfessional Fees
    $
    16,266
    
    $
    11,427


Operating expenses for the six months ended June 30, 2010
increased by 42.86% as compared to the comparative period in June 30, 2009
primarily as a result of an increase in general administrative expenses and
professional fees.

- 16 -

---

Liquidity and Capital Resources

Working Capital

|                    |   |               |   |   |                   |   |  | Percentage | 
|------------------- | - | ------------- | - | - | ----------------- | - |  | ---------- | 
|                    |   | As at         |   |   | As at             |   |  | Increase/  | 
|                    |   | June 30, 2010 |   |   | December 31, 2009 |   |  | (Decrease) | 
|Current Assets      | $ | 53            |   | $ | 53                |   |  | 0 %        | 
|Current Liabilities | $ | 30,536        |   | $ | 14,123            |   |  | 116.21 %   | 
|Working Capital     | $ | (30,483       | ) | $ | (14,070           | ) |  | 116.65 %   | 

Cash Flows

Six months Ended
    
    
    Six months EndedJune 30, 2010
    
    
    June 30, 2009Net cash used in operations
    $
    (6,062
    )
    $
    (11,888
    )Net cash used in investing activities
    $
    Nil
    
    $
    NilNet cash provided by
      financing activities
    $
    6,062
    
    $
    2,500Increase (decrease) In Cash
    $
    Nil
    
    $
    (9,388
    )


Our net cash used by operating activities for the six months
ended June 30, 2010 was $6,062 compared with $11,888 for the six months ended
June 30, 2009. Our management believes that we will need additional funding in
order to meet our operating expenses.

Off Balance Sheet Arrangements

As of June 30, 2010, there were no off balance sheet
arrangements.

Going Concern

The accompanying financial statements have been prepared
assuming that our company will continue as a going concern, which contemplates,
among other things, the realization of assets and satisfaction of liabilities in
the normal course of business. As of June 30, 2010, our company had a working
capital deficiency of $30,483 and an accumulated deficit of $115,983. Our
company intends to fund operations through equity financing arrangements, which
may be insufficient to fund its capital expenditures, working capital and other
cash requirements for the next twelve months.

The ability of our company to emerge from the development stage
is dependent upon, among other things, obtaining additional financing to
continue operations, and development of its business plan.

These factors, among others, raise substantial doubt about our
companys ability to continue as a going concern. The accompanying financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.

Critical Accounting Policies

In December 2001, the SEC requested that all registrants list
their most critical accounting polices in the Management Discussion and
Analysis. The SEC indicated that a critical accounting policy is one which is
both important to the portrayal of a companys financial condition and results,
and requires managements most difficult, subjective or complex judgments, often
as a result of the need to make estimates about the effect of matters that are
inherently uncertain. We believe that the following accounting policies fit this
definition.

- 17 -

---

Use of Estimates

The preparation of our companys financial statements in
conformity with accounting principles generally accepted in the United States
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities, and disclosure of contingent assets and
liabilities at the date of the financial statements, and the reported amount of
revenues and expenses during the reporting period. Actual results could differ
from those estimates. Our companys periodic filings with the Securities and
Exchange Commission include, where applicable, disclosures of estimates,
assumptions, uncertainties and markets that could affect the financial
statements and future operations of our company.

Cash and Cash Equivalents

Cash and cash equivalents include cash in banks, money market
funds, and certificates of term deposits with maturities of less than three
months from inception, which are readily convertible to known amounts of cash
and which, in the opinion of management, are subject to an insignificant risk of
loss in value. Our company had $53 in cash and cash equivalents at June 30, 2010
and December 31, 2009, respectively.

Start-Up Costs

In accordance with FASC 720-15-20 Start-up Activities,
our company expenses all costs incurred in connection with the start-up and
organization of our company.

Mineral Acquisition and Exploration Costs

Our company has been in the exploration stage since its
formation on November 3, 2006 and has not realized any revenue from its planned
operations. It has been primarily engaged in the acquisition, exploration, and
development of mining properties. Mineral property acquisition and exploration
costs were expensed as incurred.

Net Income or (Loss) Per Share of Common
Stock

Our company has adopted FASC 260-10-20, Earnings per Share,
(EPS) which requires presentation of basic and diluted EPS on the face of the
income statement for all entities with complex capital structures and requires a
reconciliation of the numerator and denominator of the basic EPS computation to
the numerator and denominator of the diluted EPS computation. In the
accompanying financial statements, basic earnings (loss) per share is computed
by dividing net income (loss) by the weighted average number of shares of common
stock outstanding during the period.

Concentrations of Credit Risk

Our companys financial instruments that are exposed to
concentrations of credit risk primarily consist of its cash and cash equivalents
and related party payables. Our company places its cash and cash equivalents
with financial institutions of high credit worthiness. At times, its cash and
cash equivalents with a particular financial institution may exceed any
applicable government insurance limits. Our companys management plans to assess
the financial strength and credit worthiness of any parties to which it extends
funds, and as such, it believes that any associated credit risk exposures are
limited.

Foreign Currency Translations

Our companys functional and reporting currency is the US
dollar. All transactions initiated in other currencies are translated into US
dollars using the exchange rate prevailing on the date of transaction. Monetary
assets and liabilities denominated in foreign currencies are translated into the
US dollar at the rate of exchange in effect at the balance sheet date.
Unrealized exchange gains and losses arising from such transactions are deferred
until realization and are included as a separate component of shareholders
equity (deficit) as a component of comprehensive income or loss. Upon
realization, the amount deferred is recognized in income in the period when it
is realized.

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Our company has realized $16 in exchange gains from inception
(November 3, 2006) to June 30, 2010.

Comprehensive Income (Loss)

FASC Topic No. 220, Comprehensive Income, establishes
standards for reporting and display of comprehensive income and its components
in a full set of general-purpose financial statements. From inception (November
3, 2006) to June 30, 2010, our company had no items of other comprehensive
income. Therefore, net loss equals comprehensive loss from inception (November
3, 2006) to June 30, 2010.

Income Taxes

Our company provides for income taxes using an asset and
liability approach.

Deferred tax assets are reduced by a valuation allowance if,
based on the weight of available evidence, it is more likely than not that some
or all of the deferred tax assets will not be realized. No provision for income
taxes is included in the statement due to its immaterial amount, net of the
allowance account, based on the likelihood of our company to utilize the loss
carry-forward.

Recently Issued Accounting Pronouncements

In June 2009, the FASB established the Accounting Standards
Codification (Codification or ASC) as the source of authoritative accounting
principles recognized by the FASB to be applied by nongovernmental entities in
the preparation of financial statements in accordance with generally accepted
accounting principles in the United States (GAAP). Rules and interpretive
releases of the Securities and Exchange Commission (SEC) issued under
authority of federal securities laws are also sources of GAAP for SEC
registrants. Existing GAAP was not intended to be changed as a result of the
Codification, and accordingly the change did not impact our financial
statements. The ASC does change the way the guidance is organized and presented.

Statement of Financial Accounting Standards (SFAS) No. 165
(ASC Topic 855), Subsequent Events, SFAS No. 166 (ASC Topic 810),
Accounting for Transfers of Financial Assets-an Amendment of FASB Statement
No. 140, SFAS No. 167 (ASC Topic 810), Amendments to FASB
Interpretation No. 46(R), and SFAS No. 168 (ASC Topic 105), The FASB
Accounting Standards Codification and the Hierarchy of Generally Accepted
Accounting Principles- a replacement of FASB Statement No. 162 were
recently issued. SFAS No. 165, 166, 167, and 168 have no current applicability
to our company or their effect on the financial statements would not have been
significant.

Accounting Standards Update (ASU) ASU No. 2009-05 (ASC Topic
820), which amends Fair Value Measurements and Disclosures  Overall, ASU No.
2009-13 (ASC Topic 605), Multiple Deliverable Revenue Arrangements, ASU No.
2009-14 (ASC Topic 985), Certain Revenue Arrangements that include Software
Elements, and various other ASUs No. 2009-2 through ASU No. 2010-20 which
contain technical corrections to existing guidance or affect guidance to
specialized industries or entities were recently issued. These updates have no
current applicability to our company or their effect on the financial statements
would not have been significant.

Item 3.       
Quantitative and Qualitative Disclosures about Market Risk.

None.

Item 4.        Controls
  and Procedures.

Managements Report on Disclosure Controls and
Procedures

We maintain disclosure controls and procedures that are
designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange
Act of 1934, as amended, is recorded, processed, summarized and reported within
the time periods specified in the Securities and Exchange Commission's rules and
forms, and that such information is accumulated and communicated to our
management, including our president (our principal executive officer, principal
financial officer and principal accounting officer) to allow for timely
decisions regarding required disclosure.

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As of June 30, 2010, the end of our quarter covered by this
report, we carried out an evaluation, under the supervision and with the
participation of our president (our principal executive officer, principal
financial officer and principal accounting officer), of the effectiveness of the
design and operation of our disclosure controls and procedures. Based on the
foregoing, our president (our principal executive officer, principal financial
officer and principal accounting officer) concluded that our disclosure controls
and procedures were effective as of the end of the period covered by this
quarterly report.

Changes in internal controls over financial reporting

There was no change in our internal controls over financial
reporting that occurred during the period covered by this report, which has
materially affected, or is reasonably likely to materially affect, our internal
controls over financial reporting.

PART II  OTHER INFORMATION

Item 1.        Legal
Proceedings

We know of no material, existing or pending legal proceedings
against our company, nor are we involved as a plaintiff in any material
proceeding or pending litigation. There are no proceedings in which any of our
directors, officers or affiliates, or any registered or beneficial shareholder,
is an adverse party or has a material interest adverse to our interest.

Item 2.       
Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3.        Defaults
upon Senior Securities

None

Item 4.        [Removed
and Reserved]

Item 5.        Other
Information

None

Item 6.       
Exhibits

|Exhibit | Description of Exhibit                                                                                                                                                                                                     
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |                                                                                                                                                                                                                            
|        |                                                                                                                                                                                                                            
|(3)     | Articles
        of Incorporation and Bylaws                                                                                                                                                                               
|        |                                                                                                                                                                                                                            
|3.1     | Certificate
        of Amendment filed with the Nevada Secretary of State on June 17, 2010,
        effective June 21, 2010 (incorporated by reference from our Current Report
        on Form 8-K filed on July 20, 2010).
|        |                                                                                                                                                                                                                            
|(31)    | Section 302
        Certification                                                                                                                                                                                          
|        |                                                                                                                                                                                                                            
|31.1*   | Section
        302 Certification of Principal Executive Officer, Principal Financial
        Officer and Principal Accounting Officer.                                                                                    
|        |                                                                                                                                                                                                                            
|(32)    | Section 906
        Certification                                                                                                                                                                                          
|        |                                                                                                                                                                                                                            
|32.1*   | Section
        906 Certification of Principal Executive Officer Principal Executive Officer,
        Principal Financial Officer and Principal Accounting Officer.                                                        

* Filed herewith

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SIGNATURES

In accordance with the requirements of the Securities and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

Horiyoshi Worldwide Inc.

Date: August 11, 2010



| | By:    | /s/
      Mitsuo Kojima                                
| | ------ | -------------------------------------------------------
| |        | Mitsuo Kojima                                          
| | Title: | President, Secretary, Treasurer and Director           
| |        | (Principal Executive Officer, Principal
      Financial
| |        | Officer and Principal Accounting Officer)              

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