IWSH — what changed in the latest 10-Q
A section-by-section comparison of IWSH'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +13 | −7 | ~4 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
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): Market risk (Item 3), Legal proceedings, 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 · 2026-08-14
For the three months ended June 30, 2026, Compensation and benefits were $115,000 as compared to $113,000 for the three months ended June 30, 2025.
For the three months ended June 30, 2026, Other operating expenses were $136,000 as compared to $145,000 for the three months ended June 30, 2025. The decreased operating expenses of $9,000 were primarily the result of decreased professional fees of $17,000, decreased travel and entertainment of $7,…
For the three months ended June 30, 2026, Interest and other income, net was $8,000 as compared to $14,000 for the three months ended June 30, 2025. The decreased interest and other income, net of $6,000 was primarily the result of the lower yields related to the investments in mutual funds and lowe…
For the three months ended June 30, 2026 and 2025, the Company recorded no income tax expense from operations.
The Company recorded a full valuation allowance against its net deferred tax assets as of June 30, 2026 and 2025. Due to a full valuation allowance on the deferred tax assets related to net operating loss carryforwards, no tax benefit has been recorded in relation to the pre-tax loss for the periods…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
The increased loss from operations of $5,000 was primarily a result of a decrease in Interest and other income, net of $21,000, an increase in Compensation and benefits of $7,000, offset by a decrease in Other operating expenses of $23,000 during the three months ended March 31, 2026 as compared to …
For the three months ended March 31, 2026, Compensation and benefits were $122,000 as compared to $115,000 for the three months ended March 31, 2025. The increased Compensation and benefits of $7,000 was the result of increased payroll benefits.
For the three months ended March 31, 2026, Other operating expenses were $149,000 as compared to $172,000 for the three months ended March 31, 2025. The decreased operating expenses of $23,000 were primarily the result of decreased professional fees of $14,000, decreased travel and entertainment of …
For the three months ended March 31, 2026, Interest and other income, net was $10,000 as compared to $31,000 for the three months ended March 31, 2025. The decreased interest and other income, net of $21,000 was primarily the result of the lower yields related to the investments in mutual funds and …
For the three months ended March 31, 2026 and 2025, the Company recorded no income tax expense from operations.
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