IHT — what changed in the latest 10-Q
A section-by-section comparison of IHT'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 · 2026-09-16 vs the prior 10-Q · 2026-06-22
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +68 | −38 | ~25 | 75 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | −1 | ~5 | 14 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 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): 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 · 2026-09-16
● the Trust’s ability to remain listed on the NYSE American, including meeting the required equity listing requirement, and/or raising additional equity if needed;
Total Consolidated Net Loss for the six months ended July 31, 2026 was approximately $222,000 compared to Total
Consolidated Net Loss of approximately $362,000 for the six months ended July 31, 2025, a decrease in net loss of approximately $140,000, or 39%. Earnings Per Share based on net loss attributable to Controlling Interests were ($0.03) compared to ($0.06) in the prior-year period.
Total Equity decreased to a deficit of approximately $1.24 million at July 31, 2026, down approximately $1.43 million from Total Equity of approximately $199,000 at July 31, 2025.
Net Income before non-cash depreciation expense was approximately $131,000 for the six months ended July 31, 2026, compared to Net Income before non-cash depreciation expense of approximately $9,000 for the six months ended July 31, 2025, an improvement of approximately $149,000.
Text removed vs the prior filing · source: 10-Q · 2026-06-22
● the Trust’s ability to remain listed on the NYSE American, including meeting the required equity listing requirement, and/or raising additional equity if needed;
Total Consolidated Net Income for the three months ended April 30, 2026 was approximately $75,000, an increase of approximately $36,000 compared to approximately $39,000 for the same prior Fiscal Quarter. Net loss attributable to Controlling Interests was approximately $18,000 for the three months e…
Total Trust Equity decreased to ($921,921) at the end of Fiscal First Quarter 2026, up approximately $76,000, from the ($998,842) reported at the end of the Fiscal First Year 2026. Net Income before non-cash depreciation expense was $177,701 for the Fiscal First Quarter ended April 30, 2026, compare…
Room revenues were essentially flat during the three months ended April 30, 2026, at approximately $2.12 million for the three months ending April 30, 2026, and April 30, 2025, respectively. Due to the increased occupancy, food and beverage revenue increased approximately 12% to approximately $34,00…
Total expenses net of interest expense were approximately $2.02 million for the three months ended April 30, 2026, reflecting an increase of approximately $37,000, or 2%, compared to total expenses net of interest expense of approximately $1.98 million for the three months ended April 30, 2025.
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-06-22
IHT previously strengthened the position of Chief Financial Officer (CFO), to assist with the Trust’s internal controls oversight; and
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