WORXD — what changed in the latest 10-Q
A section-by-section comparison of WORXD'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 | +17 | −9 | ~9 | 10 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | 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): 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 · 2026-08-14
We had other expenses of $1,612,558 during the three months ended June 30, 2025 comprised of non-cash interest expense, amortization of debt discounts, and a non-cash loss on legal settlement. We did not have other expenses during the three months ended June 30, 2026.
Results of Operations – Six months ended June 30, 2026 as compared to the six months ended June 30, 2025
Our operating results for the six month period ended June 30, 2026 and 2025 are summarized as follows:
Revenue for the six months ended June 30, 2026 was $1,450,948 as compared to $1,402,931 for the six months ended June 30, 2025. This increase was primarily due to the modification of certain customer contracts as well as new customer contracts during the current year.
Cost of revenues were $746,416 for the six months ended June 30, 2026 compared to $1,085,651 for the same period in 2025. Overall gross profit for the six months ended June 30, 2026 increased by approximately 122% from the same period in the prior year due in part to reductions in our cloud hosting …
Text removed vs the prior filing · source: 10-Q · 2026-05-15
We had other expenses of $37,953 and $142,306 during the three months ended March 31, 2026 and 2025, respectively, comprised of non-cash interest expense and amortization of debt discounts. The decrease was primarily due to a reduction in the balance of existing convertible notes as well as a reduct…
Cash used in operating activities was approximately $253,000 for the three months ended March 31, 2026, mainly related to the net loss of approximately $174,000, increases of $1,000 in accounts receivable, and $117,000 in prepaid expenses and other assets, decreases of $7,000 in accounts payable and…
Cash used in operating activities was approximately $405,000 for the three months ended March 31, 2025, mainly related to the net loss of approximately $476,000, a $140,000 decrease in accounts payable and accrued liabilities, a $21,000 decrease in deferred revenue and a $43,000 increase in prepaid …
Net cash used in investment activities was approximately $65,000 for the three months ended March 31, 2026 due to the Company’s capitalization of internal development costs related to new software assets.
The Company did not have any investing activities during the three months ended March 31, 2025.
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