KPLT — what changed in the latest 10-Q
A section-by-section comparison of KPLT'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 · 2026-08-04 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +37 | −20 | ~20 | 29 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | +3 | −1 | ~13 | 256 |
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): Other information
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 · 2026-08-04
Gross originations through KPay represented 41% and 37% of gross originations during the six months ended June 30, 2026 and 2025, respectively.
Wayfair represented 18% and 27% of gross originations during the six months ended June 30, 2026 and 2025, respectively. The gross originations from Wayfair exclude transactions through KPay and only include transactions directly through the Wayfair waterfall platform.
RESULTS OF OPERATIONS (amounts in thousands, except per share data)
Three Months Ended June 30, 2026 compared to the Three Months Ended June 30, 2025:
Change in fair value of derivative liability and warrants630 11 619 NM
Text removed vs the prior filing · source: 10-Q · 2026-05-08
Three Months Ended March 31, 2026 compared to Three Months Ended March 31, 2025:
Change in fair value of derivative liability and warrants4,316 (36)4,352 NM
Weighted average common shares outstanding - basic and diluted5,455 4,618 837 18.1%
Net income (loss) per common share available to common stockholders - basic and diluted$0.07 $(1.23)$1.30 (105.7%)
The increase in total revenue of $7.1 million, or 9.8%, during the three months ended March 31, 2026 as compared to the same period in 2025 was primarily driven by growth in the Company’s lease portfolio and strong collection efforts. Gross originations remained relatively consistent period-over-per…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-08-04
Hawthorn currently owns warrants to purchase up to 160,000 shares of our common stock at an exercise price of $0.25 per share which are vested and 486,264 shares of our common stock at an exercise price of $0.01 per share which are vested.
If the holders of outstanding warrants exercise such warrants, our stockholders will experience substantial dilution and we may experience volatility in the price of our Common Stock. Sales of substantial numbers of such shares in the public market could adversely affect the market price of our comm…
The New Revolving Facility matures on December 4, 2026, which is within one year after the date these financial statements are issued. As of August 4, 2026, we do not have sufficient standalone liquidity to repay the outstanding balance of the New Revolving Facility at its contractual maturity. Acco…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
On October 31, 2019, we entered into a warrant agreement, with FinServ Acquisition Corp., which entitles each warrant holder thereof to purchase 1/25th of a share of our common stock at a price of $287.50 per whole share, subject to adjustment. Warrants may be exercised only for a whole number of sh…
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