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 · 2026-05-15 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +4 | −10 | ~7 | 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 · 2026-05-15
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 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 March 31, 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 years …
At March 31, 2026, the Company had cash and cash equivalents totaling $13,000 and investments in mutual funds totaling $1,076,000 which it intends to use to acquire interests in one or more operating businesses and to fund the Company’s general and administrative expenses. The directors will also co…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
For the three months ended September 30, 2025, Other operating expenses were $151,000 as compared to $144,000 for the three months ended September 30, 2024. The increased operating expenses of $7,000 were primarily the result of increased professional fees of $18,000 and increased other expenses of …
For the three months ended September 30, 2025 and 2024, the Company recorded no income tax expense from operations. No tax benefit has been recorded in relation to the pre-tax loss for the three months ended September 30, 2025 and 2024, due to a full valuation allowance to offset any deferred tax as…
Nine months ended September 30, 2025 compared to the nine months ended September 30, 2024
For the nine months ended September 30, 2025, the Company had a loss from operations of $754,000 compared to a loss from operations before income taxes of $683,000 for the nine months ended September 30, 2024.
The increased loss from operations of $71,000 was primarily a result of a decrease in Interest and other income, net of $63,000, decrease of Other operating expenses of $2,000, and an increase in Compensation and benefits of $10,000 during the nine months ended September 30, 2025 as compared to Sept…
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