MWAI — what changed in the latest 10-Q
A section-by-section comparison of MWAI'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 · 2026-05-05 vs the prior 10-Q · 2026-02-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +19 | −22 | ~18 | 39 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~6 | 4 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | 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.
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 · 2026-05-05
Historically, we have funded our operations primarily from cash generated from our digital asset mining operations and proceeds from convertible notes payable and preferred stock. During the year ended June 30, 2025, the Company’s digital asset mining operations were discontinued but digital assets …
General and administrative expenses decreased to $364,539 in the three months ended March 31, 2026 from $1,129,360 in three months ended March 31, 2025. The decrease resulted primarily from less stock-based compensation, salaries, cryptocurrency transaction fees, and legal expenses during the curren…
Depreciation and amortization decreased to $8,572 in the three months ended March 31, 2026 from $9,562 in the three months ended March 31, 2025 and increased to $25,450 in the nine months ended March 31, 2026 from $22,802 in the nine months ended March 31, 2025. The increase is due primarily to the …
Change in fair value of Bitcoin decreased to $0 for the three months ended March 31, 2026 from a $8,806 gain in the three months ended March 31, 2025 and decreased to $0 for the nine months ended March 31, 2026 from a $8 gain for the nine months ended March 31, 2025.
The Company discontinued the purchase of digital assets in the year ended June 30, 2025 and as a result did not incur any transactions related to digital assets during the nine months ended March 31, 2026. However, during the nine months ended March 31, 2025 we purchased various digital assets total…
Text removed vs the prior filing · source: 10-Q · 2026-02-23
Revenues from product sales were $522,798 and $0 for the three months ended December 31, 2025 and 2024, respectively and $1,026,503 and $0 for the six months ended December 31, 2025 and 2024, respectively.
Rental income was $22,500 and $0 for the three months ended December 31, 2025 and 2024, respectively and $45,000 and $0 for the six months ended December 31, 2025 and 2024, respectively.
Historically, we have funded our operations primarily from cash generated from our digital asset mining operations and proceeds from convertible notes payable and preferred stock. During the year ended June 30, 2025, the Company’s digital asset mining operations were discontinued but digital assets …
Selling and marketing expenses were $250 and $0 during the three months ended December 31, 2025 and 2024, respectively and $18,574 and $0 during the six months ended December 31, 2025 and 2024, respectively. These expenses represent the cost associated with informing, educating, and initiating sales…
General and administrative expenses decreased to $410,051 in the three months ended December 31, 2025 from $625,199 in three months ended December 31, 2024. The decrease resulted primarily from less consulting, legal, cryptocurrency transaction fees, and investor relation expenses during the current…
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