TLF — what changed in the latest 10-Q
A section-by-section comparison of TLF'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 · 2026-08-11 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −4 | ~6 | 9 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | Some risk factors updated | 0 | 0 | ~2 | 1 |
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), 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 · 2026-08-11
On January 22, 2025, the Company finalized the sale of its corporate headquarters and distribution facilities in Fort Worth, Texas for net proceeds of $24.9 million after deduction of commission and relevant closing fees. The total net book value disposed was $8.7 million, resulting in a gain of $16…
Operating expenses for the quarter increased by $0.6 million or 6.1% compared to the corresponding prior year period, primarily as a result of an increase in retail bonus paid compared to prior year of $0.1 million, an increase in selling expenses of $0.2 million, an increase in software cost of $0.…
Consolidated net sales for the six months ended June 30, 2026 increased $0.9 million, or 2.4%, compared to the corresponding prior year period. We believe the increase in sales was due to the increased sale campaigns that were ramped up in the second quarter offset by some uncertainty related to glo…
Gross profit increased by $2.4 million, or 11.3%, compared to the same period in 2025, and our gross margin percentage for the six months ended June 30, 2026, increased year over year by 500 basis points primarily driven by pricing changes; offset by marginal discounts for the period compared to pri…
Operating expenses increased $1.8 million or 8.7% compared to the corresponding prior year period, primarily as a result of an increase in employment cost of 0.9 million, occupancy costs by $0.6 million, an increase in credit card fees of $0.1 million, an increase in depreciation of $0.2 million, an…
Text removed vs the prior filing · source: 10-Q · 2026-05-11
On January 22, 2025, the Company finalized the sale of its corporate headquarters and distribution facilities in Fort Worth, Texas for net proceeds of $24.9 million after deduction of commission and relevant closing fees, as referenced in the Company’s 8-K filed on January 22, 2025. The net proceeds…
Operating expenses for the quarter increased by $1.1 million or 11.2% compared to the corresponding prior year period, primarily as a result of an increase in compensation cost of $0.6 million, an increase in total occupancy of $0.4 million, an increase in property tax expense of $0.2 million compar…
We require cash principally for day-to-day operations, to purchase inventory and to finance capital investments. We expect to fund our operating and liquidity needs primarily from a combination of current cash balances and cash generated from operating activities. Any excess cash will be invested as…
For the three months ended March 31, 2025, cash used in operations was $0.5 million driven by net income from operations of $0.3 million , non-cash expense of $1.4 million, including depreciation, amortization, and stock-based compensation, , an increase in inventory of $1.2 million; partially offse…
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