BRWC — what changed in the latest 10-K
A section-by-section comparison of BRWC'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-K · 2026-10-13 vs the prior 10-K · 2025-10-10
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +1 | −1 | ~5 | 42 |
| Risk factors | Text added/removed | +2 | −3 | ~1 | 6 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| MD&A | Text added/removed | +10 | −6 | ~5 | 6 |
| Market risk (Item 7A) | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Business
Text added vs the prior filing · source: 10-K · 2026-10-13
There were no material changes in the Company’s pricing during 2026 and 2025. The variation in revenue between the two years was primarily attributable to changes in the customer and participant mix. In 2025, services were provided to multiple participants under a corporate customer arrangement, whe…
Text removed vs the prior filing · source: 10-K · 2025-10-10
However, from time to time during one-on-one PFL Seminar and Personal Financial Report Review and Evaluation Program, the Company or employee of the Company will come across personal data as defined under Malaysia Personal Data Protective Act 2010 (herein referred as “PDPA”). According to PDPA, Data…
Risk factors
Text added vs the prior filing · source: 10-K · 2026-10-13
Our organization prioritizes cybersecurity risk management, with leadership actively assessing and overseeing these risks. Our internal protocols require that significant cybersecurity risks be escalated to executive leadership, as well as to relevant management responsible for preventing, detecting…
As of July 31, 2026, the Company has not identified any cybersecurity threats, including previous incidents, that have materially impacted our business strategy, results of operations, or financial condition. This assertion signifies our diligent efforts in managing and mitigating cybersecurity risk…
Text removed vs the prior filing · source: 10-K · 2025-10-10
Our board of directors is responsible for monitoring and assessing strategic risk exposure. Our board of directors administers its cybersecurity risk oversight function directly as a whole, as well as through the Audit Committee. Our executive management team informs our Audit Committee on cybersecu…
The Audit Committee is primarily responsible for assisting our board of directors in fulfilling its ultimate oversight responsibilities relating to risk assessment and management, including relating to cybersecurity and other information technology risks. The Audit Committee oversees management’s im…
Our cybersecurity coordinator is responsible for assessing and managing our material risks from cybersecurity threats, in close collaboration with our IT team and reports to our CEO. This ensures that the senior management are kept abreast of the cybersecurity posture and potential risks faced by ou…
MD&A
Text added vs the prior filing · source: 10-K · 2026-10-13
Results of operations for the year ended July 31, 2026 and 2025
For the years ended July 31, 2026 and 2025, the Company has generated a revenue of $20,000 and $30,000 respectively. The revenue is generated through provision of Personal Financial Literacy Seminar (PFL Seminar) services to clients .
During 2025, the Company served one corporate customer and conducted six PFL Seminars for its employees. During 2026, the Company provided PFL Seminar services to four individual customers.
Accordingly, the decrease in revenue from 2025 to 2026 was primarily attributable to the change in customer and participant mix, rather than any material change in the Company’s pricing.
For the years ended July 31, 2026 and 2025, the Company incurred general and administrative expenses of $47,474 and $47,299 respectively. These were primarily comprised of audit fees, stock and registrar fees, legal fees and other professional fees , and stock-based compensation.
Text removed vs the prior filing · source: 10-K · 2025-10-10
For the years ended July 31, 2025 and 2024, the Company has generated a revenue of $30,000 and $25,000 respectively. The revenue is generated through provision of Personal Financial Literacy Seminar (PFL Seminar) services to clients.
For the years ended July 31, 2025 and 2024, the Company incurred general and administrative expenses of $47,299 and $49,082 respectively. These were primarily comprised of audit fees, stock and registrar fees, legal fees and other professional fees.
The Company’s cash and cash equivalents has increased by $326, from $1,845 as of July 31, 2024 to $2,171 as of July 31, 2025. The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitme…
For the year ended July 31, 2024, the Company has used $3,155 in operating activities, which was primarily attributable to net loss from operation, decrease in allowance for doubtful debts, decrease in stock based compensation, increase in deposit and prepayment, increase in accrued liabilities, dec…
For the year ended July 31, 2024, the Company has received $5,000 from financing activity primarily from issuance of shares of common stock.
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