TSPH — what changed in the latest 10-Q
A section-by-section comparison of TSPH'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 · 2023-11-09 vs the prior 10-Q · 2023-09-27
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +35 | −26 | ~15 | 28 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 1 |
| Controls & procedures | Text added/removed | +5 | −3 | ~2 | 6 |
| Legal proceedings | Text added/removed | +1 | −1 | 0 | 15 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
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 · 2023-11-09
Three Months Ended September 30,Nine Months Ended September 30,
Three Months Ended September 30,Nine Months Ended September 30,
Comparison of the Three and Nine Months Ended September 30, 2022 and 2023
Three Months Ended September 30, Nine Months Ended September 30,
We had no revenue in the three months ended September 30, 2023, in-line with our previously disclosed revised strategy to pause freight revenue operations in our U.S. segment.
Text removed vs the prior filing · source: 10-Q · 2023-09-27
Comparison of the Three and Six Months Ended June 30, 2022 and 2023
Three Months Ended June 30, 2023 Compared with the Same Period in 2022
Revenue decreased by $2.5 million, or 96%, in the three months ended June 30, 2023 compared to the same period in the prior year, primarily due to reduced volume of orders and loads, in-line with our previously disclosed revised strategy to pause freight revenue operations in our U.S. segment.
Revenue decreased by $4.6 million, or 94%, in the six months ended June 30, 2023 compared to the same period in the prior year, primarily due to reduced volume of orders and loads, in-line with our previously disclosed revised strategy to pause freight revenue operations in our U.S. segment.
Six Months Ended June 30, 2023 Compared with the Same Period in 2022
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2023-11-09
A material weakness is a deficiency, or a combination of deficiencies in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. As previousl…
•The unexpected removal of all the independent directors of our Board in November 2022, including all of the members of our Audit Committee, by our controlling shareholders impacted the oversight and monitoring of required internal controls and procedures; and
•A lack of understanding among Company personnel regarding the Company's policy on the identification, approval, and disclosure of related party transactions resulted in our inability to maintain effective controls over the identification and disclosure of related party transactions.
We have begun taking the necessary measures to remediate the identified material weaknesses in internal control over financial reporting, including:
•Appointing independent directors to the Board in mid-December 2022, reconstituting the Audit Committee on December 15, 2022, and appointing additional independent directors to the Board in March 2023;
Text removed vs the prior filing · source: 10-Q · 2023-09-27
In connection with our evaluation for the three months ended June 30, 2023, we identified material weaknesses in our internal control over financial reporting resulting from (i) the unexpected removal of all the independent directors of our Board in November 2022, including all of the members of our…
We have commenced measures to remediate the identified material weaknesses in internal control over financial reporting, including:
•Appointing independent directors to the Board in mid-December 2022, reconstituting the Audit Committee on December 15, 2022, and appointing additional independent directors to the Board in 2023;
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2023-11-09
On May 3, 2023, the Company made a motion to consolidate the August 2022 Action and November 2022 Action. The Court granted this motion and consolidated the August 2022 Action and November 2022 Action on July 20, 2023. On October 2, 2023, the plaintiffs filed a consolidated and amended complaint (th…
Text removed vs the prior filing · source: 10-Q · 2023-09-27
On May 3, 2023, the Company made a motion to consolidate the August 2022 Action and November 2022 Action. The Court granted the motion and consolidated the August 2022 Action and November 2022 Action on July 20, 2023.The plaintiffs have until October 2, 2023 to file a consolidated and amended compla…
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