TRWD — what changed in the latest 10-Q
A section-by-section comparison of TRWD'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 · 2026-05-14 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +93 | −24 | 0 | 0 |
| Market risk (Item 3) | Text added/removed | +92 | −1 | 0 | 0 |
| Controls & procedures | Text added/removed | +92 | −2 | 0 | 0 |
| Legal proceedings | Text added/removed | +92 | −1 | 0 | 0 |
| Risk factors | Some risk factors updated | +92 | −1 | 0 | 0 |
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): 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 · 2026-05-14
ITEM 3 Quantitative and Qualitative Disclosures about Market Risk 17
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 18
Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025 (audited) 4
Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited) 5
Statements of Stockholders' Equity for the three months ended March 31, 2026, and 2025 (unaudited) 6
Text removed vs the prior filing · source: 10-Q · 2025-11-14
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes to those statements included elsewhere in this prospectus. In addition to historical financial information, the following discu…
Tradewinds Universal, Inc. (“Tradewinds” or the “Company”) is a holding company focused on acquiring and developing businesses with long-term value, resilience, and growth potential. Our initial operations focused on the development and distribution of high-nutrition foods and beverages, including e…
In August 2025, we signed a Letter of Intent with Peppermint Hippo™ to create a dedicated nightlife and hospitality division. The LOI includes the acquisition of Peppermint Hippo Toledo as the initial property, followed by a phased rollout of several clubs nationwide, including 8 Peppermint Hippo lo…
We successfully completed the development, manufacturing, and initial distribution of two protein bar SKUs (Chocolate Almond and Peanut Butter Fruit) in 2023 through our partnership with YouBar, Inc. In 2024, we entered into a purchase agreement with a distributor for 1,040 cases of UP bars, all of …
Looking ahead, we intend to keep expanding our UP product line, move forward with commercializing our canine pain relief formula, and explore licensing and distribution opportunities. We expect operating expenses to rise as we develop new product lines, enter nightlife and hospitality markets, and c…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-05-14
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 18
Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025 (audited) 4
Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited) 5
Statements of Stockholders' Equity for the three months ended March 31, 2026, and 2025 (unaudited) 6
Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited) 7
Text removed vs the prior filing · source: 10-Q · 2025-11-14
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-14
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 18
Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025 (audited) 4
Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited) 5
Statements of Stockholders' Equity for the three months ended March 31, 2026, and 2025 (unaudited) 6
Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited) 7
Text removed vs the prior filing · source: 10-Q · 2025-11-14
An evaluation was performed under the supervision of our management, including our Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial and accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedure…
We have made no change in our internal control over financial reporting during the last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-05-14
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 18
Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025 (audited) 4
Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited) 5
Statements of Stockholders' Equity for the three months ended March 31, 2026, and 2025 (unaudited) 6
Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited) 7
Text removed vs the prior filing · source: 10-Q · 2025-11-14
The Company was not subject to any legal proceedings during the three-month and nine-month periods ended September 30, 2025 or year ended December 31, 2024 and to the best of our knowledge and belief no proceedings are currently threatened or pending.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-05-14
ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 18
Balance Sheets as of March 31, 2026 (unaudited) and December 31, 2025 (audited) 4
Statements of Operations for the three months ended March 31, 2026 and 2025 (unaudited) 5
Statements of Stockholders' Equity for the three months ended March 31, 2026, and 2025 (unaudited) 6
Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited) 7
Text removed vs the prior filing · source: 10-Q · 2025-11-14
As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.
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