BSFC — what changed in the latest 10-Q
A section-by-section comparison of BSFC'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 · 2026-07-31 vs the prior 10-Q · 2026-07-16
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +24 | −9 | ~20 | 26 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 8 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 11 |
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
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 · 2026-07-31
Salaries and Wages Expense. Salaries and wages expense decreased to $184,948 for the three months ended June 30, 2026 as compared to $333,226 for the three months ended June 30, 2025. This decrease is mainly attributable to a reduction in the number of employees as of June 30, 2026.
Depreciation and Amortization. Depreciation and amortization expense was $6,385 for the three months ended June 30, 2026 and as compared to $6,932 for the three months ended June 30, 2025. This decrease is mainly attributable to the foreign exchange on the depreciation for TOBC.
Other Operating Expense. Other operating expense decreased to $122,289 for the three months ended June 30, 2026 from $267,935 for the three months ended June 30, 2025. This decrease is mainly attributable to legal and professional expenses related to our business operations.
Other Income. Other income increased for the three months ended June 30, 2026 to $52,662 from an expense balance of $1,866 for the three months ended June 30, 2025. This increase is mainly attributable to the recognition of funds received under the Employee Retention Tax Credit (“ERTC”) program duri…
Change in Fair Value of Derivatives and Warrants Liabilities. Change in fair value of derivatives and warrants liabilities decreased to $0 for the three months ended June 30, 2026 from $15,846 for the three months ended June 30, 2025. This decrease is attributable to the fair value measurement for t…
Text removed vs the prior filing · source: 10-Q · 2026-07-16
Director Compensation. Director compensation was $138,012 for the three months end March 31, 2026 and 2025, resulting in no change compared to the prior-year period.
Other Operating Expense. Other operating expense decreased to $201,565 for the three months ended March 31, 2026 from $648,483 for the three months ended March 31, 2025. This decrease is mainly attributable to legal and professional expenses related to our business operations.
Other Income. Other income decreased for the three months ended March 31, 2026 to $1,280 from $6,615 for the three months ended March 31, 2025. This decrease is mainly attributable to other non-operating income recognized during the three months ended March 31, 2025.
Change in Fair Value of Derivatives and Warrants Liabilities. Change in fair value of derivatives and warrants liabilities decreased to $0 for the three months ended March 31, 2026 from $14,090 for the three months ended March 31, 2025. This decrease is attributable to the fair value measurement for…
Change in Fair Value of Convertible Notes. Change in fair value of convertible notes increased to a loss of $136,729 for the three months ended March 31, 2026 from $0 for the three months ended March 31, 2025. This increase is attributable to fair value measurement for convertible notes as of March …
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