CLNV — what changed in the latest 10-Q
A section-by-section comparison of CLNV'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 · 2025-11-19 vs the prior 10-Q · 2025-08-19
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −20 | ~8 | 20 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | +1 | −1 | ~1 | 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): 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 · 2025-11-19
For the three months ended September 30, 2025 and 2024, we had consulting expenses of $202,445 and $230,819, respectively, a decrease of $28,374 or 12.3%. The decrease is due to fewer high fee consultants used in the current period compared to the prior period.
For the three months ended September 30, 2025 and 2024 we had development expenses of $8,800 and $172,523, respectively, a decrease of $163,723 or 94.9%. Development expenses are related to the PCN facility in West Virginia as activity is now focused on preparing the facility for production. In the …
For the three months ended September 30, 2025 and 2024, we had professional fees of $51,072 and $36,399, respectively, an increase of $14,673 or 40.3%. Professional fees consist mainly of audit and legal fees. The increase in the current period is due to additional legal fees.
For the three months ended September 30, 2025 and 2024, we had payroll expenses of $350,107 and $337,378, respectively, an increase of $12,729 or 3.8%. Our payroll has stayed consistent as we have not hired any new employees.
For the three months ended September 30, 2025 and 2024, we had G&A expenses of $597,647 and $127,125, respectively, an increase of $470,522 or 370.1%. Some of our larger expenses and reasons for the increase in G&A expense in the current period is approximately $207,000 used by Clean Seas UK, $50,00…
Text removed vs the prior filing · source: 10-Q · 2025-08-19
For the three months ended June 30, 2025 and 2024, we had consulting expenses of $629,306 and $222,713, respectively, an increase of $406,593 or 182,6%. In the current period we have hired more consultants related to the work being done with Clean Seas West Virginia. We also issued shares of common …
For the three months ended June 30, 2025 and 2024, we had professional fees of $251,755 and ($79,255), respectively, an increase of $331,010 or 417.7%. The negative amount in the prior period is due to the adjustments made to our restated financial statements for the year ended December 31, 2023. In…
For the three months ended June 30, 2025 and 2024, we had payroll expenses of $337,213 and $328,892, respectively, an increase of $8,321 or 2.5%. Our payroll has stayed consistent as we have not hired any new employees.
For the three months ended June 30, 2025 and 2024, we had G&A expenses of $663,981 and $333,924, respectively, an increase of $330,057 or 98.8%. Some of our larger expenses and reasons for the increase in G&A expense in the current period is $334,123 used by Clean Seas UK, $60,000 of rent expense fo…
For the three months ended June 30, 2025 and 2024, we had total other income of $1,459,986 compared to other expense of $1,031,555, respectively. In the current period we recognized $703,145 of interest expense, of which $118,009 was amortization of debt discount, a gain in the change in fair value …
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2025-11-19
On July 21, 2025, Borders Consulting, LLC (“Borders Consulting”) filed a complaint against the Company seeking $200,000 in damages for an alleged business dispute. On October 2, 2025, the Company and Borders Consulting entered into a Settlement Agreement whereby the Company agreed to pay $75,000 to …
Text removed vs the prior filing · source: 10-Q · 2025-08-19
On July 21, 2025, Borders Consulting, LLC (“Borders Consulting”) filed a complaint against the Company seeking $200,000 in damages for an alleged business dispute. The litigation with Borders Consulting is currently ongoing.
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