BEEP — what changed in the latest 10-Q
A section-by-section comparison of BEEP'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 · 2026-05-12 vs the prior 10-Q · 2025-11-10
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +25 | −42 | ~16 | 23 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | 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.
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 · 2026-05-12
we have a limited operating history and a history of losses, and we may not be able to achieve or sustain profitability in the future;
we utilize significant debt, and we may incur additional debt;
our debt agreements contain restrictive covenants, and failure to comply with these covenants could result in events of default and acceleration of our indebtedness;
The decline in Total Revenues for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 was largely driven by the sale of four assets in the fourth quarter of 2025, which resulted in a revenue reduction of $0.3 million. The reduction of Base Rental Income reflects b…
The $0.3 million decrease in Property Taxes for the three months ended March 31, 2026 compared to the three months ended March 31, 2025 is due to both the impact of asset sales as well as changes in assessed property values.
Text removed vs the prior filing · source: 10-Q · 2025-11-10
we have a limited operating history which makes our future performance difficult to predict;
we have a history of losses and we may not be able to achieve or sustain profitability in the future;
our investments in real estate will be subject to the risks typically associated with investing in real estate;
we have debt, and may incur additional debt; if we are unable to comply with the covenants and restrictions under the Line of Credit, there could be an event of default under the Line of Credit, which could result in an acceleration of repayment;
The decline in total revenues for the three months ended September 30, 2025 compared to the three months ended September 30, 2024 was partially driven by the Detroit market, where a significant area restructuring plan caused a reduction in office occupancy and related traffic. Additionally, we saw f…
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