CKX — what changed in the latest 10-Q
A section-by-section comparison of CKX'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 · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +18 | −8 | ~10 | 20 |
| Controls & procedures | Text added/removed | +1 | −10 | ~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), 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 · 2026-08-07
Since the November 2025 land sale, the Company has continued to explore with interested parties a range of options to maximize value for shareholders.
There were no sales of land during the three and six months ended June 30, 2026. During the six months ended June 30, 2025, the Company closed on the sale of one 25-acre lot and one 53-acre lot in Calcasieu parish in which it had a 100% ownership interest for net proceeds to the Company of $358,123,…
Timber revenue was $0 for the three months ended June 30, 2026 and 2025.
Total revenues for the six months ended June 30, 2026 were $338,974, a decrease of approximately 30% when compared with the same period in 2025. Total revenue consists of oil and gas, timber, and surface revenues. Components of revenues for the six months ended June 30, 2026 as compared to 2025, are…
Oil and gas revenues were 14% and 67% of total revenues for the six months ended June 30, 2026 and 2025, respectively.
Text removed vs the prior filing · source: 10-Q · 2026-05-08
There were no sales of land during the three months ended March 31, 2026 and 2025.
Timber revenue was $2,667 and $0 for the three months ended March 31, 2026 and 2025, respectively. The increase in timber revenues was due to normal business variations in timber customers’ harvesting.
Oil and gas costs decreased for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025 by $17,997. Oil and gas costs fluctuated proportionately with increased or decreased production.
Timber costs decreased for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025 by $3,695. Timber costs are related to general management of the Company’s timberland. The decrease is primarily due to decreased timber management costs.
General and administrative expenses increased for the three months ended March 31, 2026, as compared to the three months ended March 31, 2025 by $31,589. This is primarily due to an increase in professional expenses and salaries and wages.
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-07
There were no changes in the Company’s internal control over financial reporting during the three months ended June 30, 2026 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Under the supervision and with the participation of our principal executive and financial officers, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31, 2025. Based on our assessment, our principal executive and financial officers conclu…
Management’s assessment of the Company’s internal control over financial reporting as of December 31, 2025 determined that the following material weaknesses exist:
There were inadequate controls over the proper classification of cash equivalents and short-term investments.
There were inadequate controls over proper accounting for income taxes
There were inadequate controls over proper accounting on the basis of land holdings
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