USDW — what changed in the latest 10-Q
A section-by-section comparison of USDW'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 · 2026-10-13 vs the prior 10-Q · 2026-07-09
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +3 | −4 | ~5 | 6 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | 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), Risk factors
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 · 2026-10-13
As of August 31, 2026, there was no cash reserves no reserves as of February 28, 2026 and our total liabilities were $622 and $622 as of February 28, 2026. The available capital reserves of the Company are not sufficient for the Company to remain operational.
The Company has accumulated a deficit of ($67,834) as of August 31, 2026, compared to ($63,110) as of February 28, 2026, and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.
Net cash used in operating activities for the six months ended August 31, 2026, was $0 compared to ($34,220) for the six months ended August 31, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-07-09
The company recorded a net income (loss) of ($2987) for the three months ending May 31, 2026, and ($31,526) for the three months ending May 31, 2025. The Company’s net income for the three months ended May 31, 2026, decreased compared to a net loss in the same period last year, primarily due to the …
As of May 31, 2026, there was no cash reserves no reserves as of February 28, 2026 and our total liabilities were $622 and $622as of February 28, 2026. The available capital reserves of the Company are not sufficient for the Company to remain operational.
The Company has accumulated a deficit of ($66,097) as of May 31, 2026, compared to ($63,110) as of February 28, 2026, and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.
Cash flows from financing activities for the three months ended May 31, 2026, was $0 compared to $6,154 for the three months ended May 312025.
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