KWIK — what changed in the latest 10-Q
A section-by-section comparison of KWIK'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −3 | ~4 | 9 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 3 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | 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)
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 · 2026-08-14
During the three months ended June 30, 2026 and 2025, we incurred total other operating expenses of $951,618 and $325,321, respectively. The $626,297 increase primarily related to an increase in loss on abandonment of long-lived assets of $256,941 and an increase in marketing expenses of $216,982 as…
Comparison of operations for the Six Months ended June 30, 2026 and June 30, 2025
During the six months ended June 30, 2026 and 2025, we recognized net revenues of $1,647,630 and $438,580, respectively. Custom design services increased $623,133, from $387,500 in the six months ended June 30, 2025, to $1,010,633 in the six months ended June 30, 2026 as a result of the expansion of…
Our costs of sales increased $235,040 to $392,601 for the six months ended June 30, 2026 as compared to $157,561 for the six months ended June 30, 2025. The expansion of our custom design business requires higher labor costs than our brand services. We expect the costs of revenue to increase as sale…
During the six months ended June 30, 2026 and 2025, we incurred total other operating expenses of $1,392,819 and $640,791, respectively. The $752,028 increase primarily related to an increase in loss on abandonment of long-lived assets of $256,941 and an increase in marketing expenses of $219,615 as…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
During the three months ended March 31, 2026 and 2025, we incurred total other operating expenses of $441,201 and $315,470 respectively. The $125,731 increase resulted from an increase in management and payroll of $112,635, an increase in general and administrative expenses of $22,787, and offset by…
During the three months ended March 31, 2025, the Company negotiated settlements with previous brands surrounding previously accrued commissions payable on their behalf for no additional consideration resulting in a gain on settlement totaling $147,527. We do not expect these settlements to occur on…
At March 31, 2026, we had a working capital deficit of $3,725,388. Approximately 83% of our liabilities as of March 31, 2026 are due to our founder, majority shareholder, and CEO, Mr. Fred Cooper, under a note payable arrangement carrying an interest rate of 10% per annum. Mr. Cooper has informally …
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