AWX — what changed in the latest 10-Q
A section-by-section comparison of AWX's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-05 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −42 | ~29 | 46 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-05
During the three months ended March 31, 2026, Avalon incurred capital expenditures in the amount of $0.6 million of which $0.5 million was paid to vendors during the year. During the three months ended March 31, 2025, Avalon incurred capital expenditures in the amount of $0.5 million of which $0.4 m…
At March 31, 2026 there was a working capital deficit of approximately $0.7 million. At December 31, 2025, there was a working capital surplus of approximately $0.1 million. Working capital was negatively impacted primarily by an increase in accrued payroll, deferred membership dues revenue and othe…
Accounts receivable increased to $11.8 million at March 31, 2026 compared with $9.8 million at December 31, 2025. Accounts receivable related to our waste management services segment increased approximately $0.1 million at March 31, 2026 compared with December 31, 2025 as a result of increased billi…
Net operating revenues increased to $17.7 million in the first quarter of 2026 compared with $16.1 million in the first quarter of 2025. Net operating revenues of the waste management services segment were approximately $11.5 million in the first quarter of 2026 compared to $9.7 million in the first…
Total cost of operations related to the golf and related operations segment were $5.9 million in the first quarter of 2026 compared to $6.1 million in the first quarter of 2025. The decreases in costs are mainly attributed to a decrease in wages compared to the previous period.
Text removed vs the prior filing · source: 10-Q · 2025-11-07
The Company capitalized approximately $0.6 million of debt issuance costs in connection with the 2022 Term Loan Agreement in accordance with ASC Subtopic 470-50, Debt-Modifications and Extinguishments. The Company is amortizing these costs over the life of the 2022 Term Loan Agreement. In accordance…
During the nine months ended September 30, 2025, Avalon incurred capital expenditures of $1.4 million of which $1.3 million of such expenditures was paid to vendors during the period. During the nine months ended September 30, 2024, Avalon incurred and paid to vendors capital expenditures in the amo…
At September 30, 2025 working capital was approximately $0.3 million. At December 31, 2024, there was a working capital deficit of approximately $0.9 million. Working capital was positively impacted by an increase in cash and cash equivalents along with an increase in accounts receivable. The positi…
Accounts receivable increased to $12.5 million at September 30, 2025 compared with $8.6 million at December 31, 2024. Accounts receivable related to the golf and related operations segment increased approximately $0.8 million at September 30, 2025 compared to December 31, 2024 due to the associated …
In addition, several private country clubs in the northeast Ohio area are experiencing economic difficulties. Avalon believes some of these clubs may represent an attractive investment opportunity. While Avalon has not entered into any pending agreements for acquisitions, it may do so at any time an…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice