AITX — what changed in the latest 10-Q
A section-by-section comparison of AITX'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 · 2026-07-14 vs the prior 10-Q · 2026-01-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −22 | ~12 | 14 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
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), 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 · 2026-07-14
Total revenue for the three-month period ended May 31, 2026 was $1,831,202which represented a decrease of $23,635 or 1% compared to total revenue of 1,854,837 for the three months ended May 31, 2025. The decrease in revenue was attributable to a significant drop in the sales for one major customer d…
● General and administrative expenses decreased by $324,634. In comparing the three months ended May 31, 2026 and May 31, 2025 this decrease was primarily due to the following decreases: wages and salaries by $227,585, professional fees by $45,167, stock based compensation by $19,847, production sup…
● Research and development decreased by $202,026 due to a decrease in software development as the product is being released.
● Operating lease cost and rent increased by $9,153 due to one new lease in 2026.
Other expense during the three months ended May 31, 2026 and May 31, 2025, was $3,006,474 and $1,415,349, respectively. The $1,591,125 increase in other expense was primarily attributable to a $885,525 increase in interest expense due to an approximately $338,000 increase in debt discount amortizati…
Text removed vs the prior filing · source: 10-Q · 2026-01-14
Total revenue for the three-month period ended November 30, 2025, was $2,010,158 which represented an increase of $259,190 compared to total revenue of $1,750,968 for the three months ended November 30, 2024. There has been a 15% increase in revenues as a result of higher rental activities growing e…
● General and administrative expenses increased by $3,782. There were no significant changes.
● Research and development increased by $517,925 as the Company continues to develop new hardware and software solutions.
● Depreciation and amortization decreased by $60,903 due to changes in estimates for the allocation of revenue earning devices not in use.
● Operating lease cost and rent increased by $3,420 due to one more lease in the current period.
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