LBSR — what changed in the latest 10-Q
A section-by-section comparison of LBSR'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 · 2026-09-11 vs the prior 10-Q · 2026-06-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −3 | ~7 | 43 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | 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.
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 · 2026-09-11
Results of Operations for the Six-Month Periods Ended July 31, 2026 and 2025
We had a net loss of $404,296 for the six months ended July 31, 2026, compared to a net loss of $554,844 for the six months ended July 31, 2025. The change in net loss was primarily due to a change in derivative liability and loss on settlement of liabilities which were offset by an increase interes…
During the six months ended July 31, 2026, we had an increase of $29,787 in geological and geophysical expense compared to the six months ended July 31, 2025, due primarily to an increase in geological and filing fees for the six-month period. During the six months ended July 31, 2026, we had a decr…
We had cash and cash equivalents in the amount of $42,272 as of July 31, 2026. We had a working capital deficit of $505,055 as of July 31, 2026. We used cash in operating activities of $409,486 for the six months ended July 31, 2026.
On May18, 2026, the Company entered into a convertible promissory note with Monroe Street Capital Partners LP, (“Monroe Street”) LLC in the aggregate principal amount of $123,200 (the “May 2026 Note”). The note bears interest at 8%, with an Original Issue Discount of $11,200 plus an additional $11,7…
Text removed vs the prior filing · source: 10-Q · 2026-06-11
We had cash and cash equivalents in the amount of $65,191 as of April 30, 2026. We had a working capital deficit of $502,365 as of April 30, 2026. We used cash in operating activities of $234,268 for the three months ended April 30, 2026.
Net cash used in operating activities was $234,268 and $159,200 for the three months ended April 30, 2026 and 2025, respectively, and mainly included payments made for geological and geophysical costs, compensation, and professional fees to our consultants, attorneys and accountants.
Net cash provided by financing activities was $22,500 for the three months ended April 30, 2026, related to the proceeds convertible promissory notes which were offset by the repayments of convertible notes. Net cash provided by financing activities was $206,122 for the three months ended April 30, …
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