CBDW — what changed in the latest 10-Q
A section-by-section comparison of CBDW'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 · 2025-11-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −20 | ~1 | 17 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 5 |
| 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): Legal proceedings, 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
Strategic Shift Toward Power Infrastructure and Data Center Operations
While the Company continues to maintain its AI chatbot technology, during the fourth quarter of 2025 and continuing into 2026, the Company's strategic focus has shifted toward the acquisition and development of power infrastructure and energy assets to support data center and AI-related operations.
In November 2025, the Company signed a non-binding Letter of Intent ("LOI") with Sim Agro Inc. ("Sim Agro"), a privately held power plant operations and energy infrastructure company with international experience in high-efficiency generation projects, including operations across India, Europe, Sout…
Sim Agro generates revenue through the operation of and consulting services for power-generation projects. Upon closing, Sim Agro is expected to become the Company’s primary operating platform for the development, acquisition and management of power and energy infrastructure assets.
The acquisition is intended to support the Company’s strategic expansion into captive power generation and data-center infrastructure supporting artificial intelligence and high-performance computing markets.
Text removed vs the prior filing · source: 10-Q · 2025-11-12
Results from Operations – For the three months ended September 30, 2025, as compared to September 30, 2024
Net Revenue. For the three months ended September 30, 2025 and 2024, we generated no revenue.
Cost of Goods Sold. For the three months ended September 30, 2025 and 2024, there were no cost of goods sold.
Gross Loss. As a result of the foregoing, we had a gross loss of $0 for the three months ended September 30, 2025 and 2024.
Operating Expenses. For the three months ended September 30, 2025 and 2024, total operating expenses were $111,446 and $3,246,179, respectively. The decrease was primarily due to stock-based compensation of approximately $2.99 million during the three months ended September 30, 2024; there was no su…
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