TKLS — what changed in the latest 10-Q
A section-by-section comparison of TKLS'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 · 2026-08-19 vs the prior 10-Q · 2026-06-09
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +19 | −6 | ~16 | 29 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 5 |
| Legal proceedings | Text added/removed | 0 | 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): 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 · 2026-08-19
Depreciation increased by $3,999, or approximately 20.6% to $23,375 for the three months ended June 30, 2026 from $19,376 for the three months ended June 30, 2025. Depreciation increased due to fixed assets being added later in 2025.
Other expenses increased by $892,583 to ($1,155,486) in the three months ended June 30, 2026 from other expenses of ($262,903) in the three months ended June 30, 2025. The increase was due to the loss on extinguishment of debt in the current year.
In the three months ended June 30, 2026, we generated a net loss of $3,438,208, an increase of $2,193,487 from net loss of $1,244,721 for the three months ended June 30, 2025. This increase was attributable to the overall expenditures discussed above.
Results of Operations for the six months ended June 30, 2026 compared with the six months ended June 30, 2025.
In the six months ended June 30, 2026, we generated $1,479,139 in revenues, as compared to $524,541 in revenues in the prior year. The increase in sales was attributable to increased efforts for sales of our new Gen 3 trutankless® residential products.
Text removed vs the prior filing · source: 10-Q · 2026-06-09
Other expenses increased by $539,812 to ($755,280) in the three months ended March 31, 2026 from other expenses of ($215,468) in the three months ended March 31, 2025. The increase was due to the loss on extinguishment of debt in the current period.
In the three months ended March 31, 2026, we generated a net loss of $1,877,955, an increase of $282,074 from net loss of $1,595,881 for the three months ended March 31, 2025. This increase was attributable to the overall expenditures discussed above.
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal c…
Management evaluated all relevant conditions and events that are reasonably known or reasonably knowable, in the aggregate, as of the date the consolidated financial statements are issued and determined that substantial doubt exists about the Company’s ability to continue as a going concern. The Com…
Over the next twelve months management plans to raise additional capital and to invest its working capital resources in sales and marketing in order to increase the distribution and demand for its products. However, there is no guarantee the Company will generate sufficient revenues or raise capital…
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