KWIK — what changed in the latest 10-Q
A section-by-section comparison of KWIK'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 · 2026-05-15 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +2 | −8 | ~8 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 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): Market risk (Item 3)
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 · 2026-05-15
During the three months ended March 31, 2025, the Company negotiated settlements with previous brands surrounding previously accrued commissions payable on their behalf for no additional consideration resulting in a gain on settlement totaling $147,527. We do not expect these settlements to occur on…
At March 31, 2026, we had a working capital deficit of $3,725,388. Approximately 83% of our liabilities as of March 31, 2026 are due to our founder, majority shareholder, and CEO, Mr. Fred Cooper, under a note payable arrangement carrying an interest rate of 10% per annum. Mr. Cooper has informally …
Text removed vs the prior filing · source: 10-Q · 2025-11-14
Comparison of operations for the nine Months ended September 30, 2025 and September 30, 2024
During the nine months ended September 30, 2025 and 2024, we recognized net revenues of $681,077 and $76,569, respectively. The $604,508 increase is primarily the result of the expansion of our custom design services in which we build custom software features for customers that is generally done in …
Our costs of sales increased $200,857 to $263,604 for the nine months ended September 30, 2025 as compared to $62,747 for the nine months ended September 30, 2024. The expansion of our custom design business requires higher labor costs than our brand services. We expect the costs of revenue to incre…
During the nine months ended September 30, 2025 and 2024, we incurred total operating expenses of $995,840 and $1,322,536 respectively. The $326,696 decrease primarily resulted from non-recurring stock-based compensation of $407,858 recognized in the nine months ended September 30, 2024 and a reduct…
In the event we are able to raise additional capital, we would anticipate our total operating expenses will trend upward as we add additional employees and consultants to work on the execution of our business plan, which includes activities such as design and coding of our website and app, customer …
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