BWMG — what changed in the latest 10-Q
A section-by-section comparison of BWMG'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 | +27 | −26 | 0 | 9 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 13 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| 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): 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 · 2026-05-15
On November 24, 2025, the Company issued 24,722,222 shares of its common stock to Robert Carmichael, its chief executive officer and a director, and 23,400,000 shares of common stock to Charles Hyatt, a director, in lieu of a cash payment of $133,500 and $117,000, respectively, as accrued compensati…
On November 20, 2025, the Company, and Charles Hyatt executed (a) a third amendment to a promissory note in the principal amount of $150,000, which was originally issued by the Company to Mr. Hyatt on November 7, 2023 (the “2023 Note”), to further extend the 2023 Note’s maturity date from November 7…
On February 6, 2023, the Company entered into an agreement with Omega Accounting Solutions, Inc., a California corporation (“Omega”), to analyze the Company’s ability to file for Employee Retention Credit (“ERC”) under the IRS Code. Omega analyzed the Company’s payroll reports and filed for ERC cred…
Three Months Ended March 31, 2026 Compared to Three Months Ended March 31, 2025
Net revenues decreased 16.1% for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025 as a result of a decrease in revenues in BTL and BLU3 and an increase in revenues in SSI and LWA. The increase in SSI’s revenues was due to sales to new customers attributable …
Text removed vs the prior filing · source: 10-Q · 2025-11-14
On October 28, 2025, the Company’s board of directors approved a revised compensation structure for Robert Carmichael, the Company’s Chief Executive Officer. Effective November 1, 2025, Mr. Carmichel’s annual base salary was increased to $246,000. Mr. Carmichael will be eligible for an annual bonus …
Three Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024
Net revenues decreased 16.1% for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024 as a result of a decrease in revenues in BTL and BLU3 and an increase in revenues in SSI and LWA. The increase in SSI’s revenues was due to sales to new customers attri…
For the three months ended September 30, 2025, cost of net revenues was 53.6% as compared with the cost of net revenues of 61.1% for the three months ended September 30, 2024. The slight cost percentage decrease as a percentage of revenue, is directly attributable to the decrease in sales revenue, d…
Gross profit margin was 46.4% for the three months ended September 30, 2025 compared to gross profit margin of 38.9% for the three months ended September 30, 2024. The Increase in gross margin, is directly attributable to decrease in BTL labor costs margin.
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