ADMQ — what changed in the latest 10-Q
A section-by-section comparison of ADMQ'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 · 2026-05-15 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −17 | ~2 | 7 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 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): 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 · 2026-05-15
Our revenue was $1,024,620 for the three months ended March 31, 2026, compared to $926,732 for the three months ended March 31, 2025, resulting in an increase of $98,084, or 10.6%, between the periods. The increase was primarily due to a 27% increase in Q1 embroidery sales revenue.
Direct costs of revenues were $785,523 and $724,314 for the three months ended March 31, 2026, and 2025, respectively, resulting in an increase of $61,209, or 8.45%, between the periods. Direct costs increased due to increase in sales and tariffs fees. The gross margin increased from 21.8% during th…
General and administrative expenses were $383,315 for the three months ended March 31, 2026, compared to $343,371for the same period in 2025, resulting in an increase of $39,944, or 11.6%, between the periods. General and administrative expenses increased due to the expense of moving from our old fa…
Marketing and selling expenses were $13,306 for the three months ended March 31, 2026, compared to $10,433 for the same period in 2025. The increase in marketing and selling expenses was directly tied to our continued investment in our online visibility and required updates to our web assets linked …
Other income was $25,450 for the three months ended March 31, 2026, compared to other income of $255,037 for the same period in 2025. The change in 2026 other expense was primarily due to $264,514 net proceeds from an insurance claim in 2025 which was offset by the change in fair value of derivative…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
The school uniform industry is undergoing a great deal of uncertainty due to tariff factors. As a result, many of the major vendors in the school uniform distribution business have or are in the process of shutting down their school uniform business. The majority of uniforms we usually purchase from…
Our revenue was $2,205,225 for the three months ended September 30, 2025, compared to $2,166,235 for the three months ended September 30, 2024, resulting in an increase of $38,990, or 1.8%, between the periods. The increase was primarily due to a 13% increase in Q3 promotional sales revenue.
Direct costs of revenues were $1,616,201 and $1,600,925 for the three months ended September 30, 2025, and 2024, respectively, resulting in a increase of $15,276, or 1%, between the periods. Direct costs remained steady and did not change with our sales because we project needing our current staff l…
General and administrative expenses were $371,344 for the three months ended September 30, 2025, compared to $393,890 for the same period in 2024, resulting in a decrease of $22,546, or 6%, between the periods. General and administrative expenses were slightly down due recognized efficiencies in our…
Marketing and selling expenses were $12,114 for the three months ended September 30, 2025, compared to $9,977 for the same period in 2024. The increase in marketing and selling expenses was directly tied to our continued investment in our online visibility and web assets.
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