Is this product derived from mycellium or fruiting bodies?

It is derived from both the mycelium and the fruiting bodies. you can find the info to this here : http://www.fungi.com/product-detail/product/host-defense-turkey-tail-extract-2-fluid-oz.html

What hormones does it affect?

I am not a doctor. However, I have my hormones checked every 6 months on an unrelated issue and it does not effect my hormones.

Does this product go through dual extraction process?

"Host Defense extracts utilize Paul Stamets’ comprehensive Double and Triple Extraction Methods: 1. Hot Water Certified organic fruitbodies of Reishi, Maitake, Turkey Tail, Lion’s Mane and Shiitake are hot-water extracted to pull out polysaccharides (e.g. beta-glucans, glycoproteins, and other high-molecular weight compounds). 2. Ethanol Mycelium and fruitbodies are extracted with certified organic ethanol, which isolates antioxidants (e.g. terpenes, triterpenoids, inositols, ergosterols, sterols and myco-flavonoids). 3. Cold Water Pure, filtered water is used to extract extracellular metabolites from the living mycelium within the temperature range at which the fungi’s native immune systems are most active."

What is the difference between alcohol extract and glycerine extract? Which is better? Helath benefits?

"Host Defense liquid mushroom extracts are made with U.S.A. grown and processed Certified Organic mushroom mycelium and fruitbodies. Most other brands use only hot-water extraction, which leaves out many valuable constituents. Host Defense extracts utilize Paul Stamets’ comprehensive Double and Triple Extraction Methods: 1. Hot Water Certified organic fruitbodies of Reishi, Maitake, Turkey Tail, Lion’s Mane and Shiitake are hot-water extracted to pull out polysaccharides (e.g. beta-glucans, glycoproteins, and other high-molecular weight compounds). 2. Ethanol Mycelium and fruitbodies are extracted with certified organic ethanol, which isolates antioxidants (e.g. terpenes, triterpenoids, inositols, ergosterols, sterols and myco-flavonoids). 3. Cold Water Pure, filtered water is used to extract extracellular metabolites from the living mycelium within the temperature range at which the fungi’s native immune systems are most active."