PANL — what changed in the latest 10-Q
A section-by-section comparison of PANL'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 · 2026-08-10 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +27 | −20 | ~20 | 29 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 1 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 2 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 5 |
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 · 2026-08-10
Transportation and service depreciation and amortization12,397 10,558 24,237 20,454
(Income) loss attributable to non-controlling interests(280)158 (650)376
Total secured debt, including financing obligations and finance leases, net$349,487 $372,208
For the three months ended June 30,For the six months ended June 30,
Unrealized loss on derivative instruments, net6,696 1,301 89 1,117
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Total cost of transportation and service revenue137,853 102,677
Transportation and service depreciation and amortization11,840 9,896
(Income) loss attributable to non-controlling interests(371)218
Net income (loss) attributable to Pangaea Logistics Solutions Ltd.$13,294 $(1,981)
Weighted-average common shares Outstanding - basic64,193 63,851
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