UTKN — what changed in the latest 10-Q
A section-by-section comparison of UTKN'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 · 2026-08-12 vs the prior 10-Q · 2026-05-11
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −8 | ~7 | 11 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 7 |
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, 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 · 2026-08-12
We did not recognize any revenues during the six months ended June 30, 2026 and 2025.
Operating expenses were $36,361 during the six months ended June 30, 2026, compared to $314,579 during the six months ended June 30, 2025. Operating expenses consisted of $25,989 and $281,420 in professional fees and $10,372 and $33,159 in general and administrative expenses during the six months en…
Total other expenses were $0 and $973 during the six months ended June 30, 2026 and 2025, respectively.
As a result of the above, we recognized net losses of $36,361 and $315,552 for the six months ended June 30, 2026 and 2025, respectively.
We anticipate losses from operations will increase during the next twelve months due to anticipated increased payroll expenses as we add necessary staff to continue planned operations and increases in legal and accounting expenses associated with maintaining a reporting company. We expect that we wi…
Text removed vs the prior filing · source: 10-Q · 2026-05-11
Total current liabilities as of March 31, 2026 and December 31, 2025 consisted of accounts payable and accrued expenses totaling $7,693 and $30,000, respectively.
Non-current liabilities as of March 31, 2026 and December 31, 2025 consisted of related party loans totaled $44,000 and $0, respectively.
During the three months ended March 31, 2026, our operating activities used net cash of $35,519. Uses of cash during the three months ended March 31, 2026 are mainly due to the $17,725 net loss as well as $17,894 in net changes in operating assets and liabilities.
During the three months ended March 31, 2025, our operating activities used net cash of $100,658. Uses of cash during the three months ended March 31, 2025 are mainly due to the $93,961 in net loss as well as $6,755 in net changes in operating assets and liabilities. Uses are partially offset by $58…
During the three months ended March 31, 2026 and 2025, we used $10,000 and $175,000 in cash investing activities, respectively, all from software development costs.
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