LBRA — what changed in the latest 10-Q
A section-by-section comparison of LBRA'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 | +47 | −21 | ~26 | 51 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 7 |
| Legal proceedings | Text added/removed | 0 | −1 | 0 | 2 |
| Other information | Text added/removed | +3 | 0 | ~2 | 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), Risk factors
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
As previously disclosed, during the first quarter of 2026, our Board of Directors approved a plan to actively market CMD for sale, and CMD has been classified as held for sale and as discontinued operations. We are currently evaluating multiple non-binding offers from prospective buyers, none of whi…
On April 15, 2013, we and our manager entered into a management services agreement, pursuant to which we are required to pay our manager a quarterly management fee equal to 0.5% of our adjusted net assets for services performed (which we refer to as the parent management fee). The amount of the pare…
On December 16, 2024, 1847 CMD entered into an offsetting management services agreement with our manager. Pursuant to the management services agreement, our manager will provide certain services to 1847 CMD in exchange for a quarterly management fee equal to the greater of $75,000 or 2% of adjusted …
The following tables present key components of our results of continuing operations during the three months ended June 30, 2026 and 2025, both in dollars and as a percentage of our revenues.
Gain on change in fair value of derivative liabilities – – 220,000 12.3%
Text removed vs the prior filing · source: 10-Q · 2026-05-15
On April 15, 2013, we and our manager entered into a management services agreement, pursuant to which we are required to pay our manager a quarterly management fee equal to 0.5% of our adjusted net assets for services performed (which we refer to as the parent management fee). The amount of the pare…
On August 21, 2020, 1847 Cabinet entered into an offsetting management services agreement with our manager, which was amended on October 8, 2021. Pursuant to the amended management services agreement, our manager will provide certain services to 1847 Cabinet in exchange for a quarterly management fe…
Comparison of the Three Months Ended March 31, 2026 and 2025
The following table sets forth key components of our results of continuing operations during the three months ended March 31, 2026 and 2025, both in dollars and as a percentage of our revenues.
Loss on change in fair value of derivative liabilities – – (35,000) (1.3)%
Legal proceedings
Text removed vs the prior filing · source: 10-Q · 2026-05-15
On October 17, 2025, Matthew Miller, individually and as principal of Strategic Risk, LLC, or the Plaintiff, filed a complaint in the U.S. District Court for the Southern District of New York in an action captioned Matthew Miller v. 1847 Holdings LLC; 1847 Partners LLC; Ellery W. Roberts; Louis Bevi…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-14
The following information is being provided in lieu of filing a Current Report on Form 8-K under Item 5.02:
Mr. Paul Froning resigned from the Company’s Board of Directors, effective automatically upon the filing with the SEC of this Form 10-Q for the quarter ended June 30, 2026. Mr. Froning also served as the chair of the Audit Committee of the Board until his resignation became effective. Mr. Froning’s …
The Board appointed Mr. Robert Barry, a member of the Board of Directors, to replace Mr. Froning as a member and the chair of the Audit Committee, effective upon Mr. Froning’s resignation. The Board determined that Mr. Barry is an “audit committee financial expert” as defined by applicable SEC rules…
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