ELRE — what changed in the latest 10-K
A section-by-section comparison of ELRE'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-K · 2026-07-14 vs the prior 10-K · 2025-06-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | 0 | 0 | ~4 | 21 |
| Risk factors | Text added/removed | +4 | 0 | ~4 | 89 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| MD&A | Text added/removed | +10 | −7 | ~4 | 9 |
| Market risk (Item 7A) | 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.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Risk factors
Text added vs the prior filing · source: 10-K · 2026-07-14
We are in the process of implementing a structured cybersecurity risk management framework designed to assess, identify, and manage material risks from cybersecurity threats. These processes are being integrated into our overall enterprise risk management system to ensure that cybersecurity consider…
To date, we have not experienced a cybersecurity incident that has materially affected our business strategy, results of operations, or financial condition. While we recognize that evolving cybersecurity threats could pose risks, we currently believe such risks are not reasonably likely to materiall…
Our Board of Directors retains overall responsibility for oversight of cybersecurity risks. Once formed, we intend to formally delegated this oversight function to the audit committee, which will receive regular reports from management regarding cybersecurity risk assessments, monitoring activities,…
Day-to-day responsibility for managing cybersecurity risks rests with senior management, including the Chief Operating Officer, with support from external cybersecurity advisors. Management is responsible for overseeing the Company’s prevention, detection, and response measures, as well as the devel…
MD&A
Text added vs the prior filing · source: 10-K · 2026-07-14
Effective May 19, 2025, the Company has accepted the resignation of Mr. Jiang Libin from his position as President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary and as a Director of the Company. Mr. Jiang Libin has served on the Board since December 12, 2015. The Company si…
Also effective May 19, 2025, the Company announced the appointment of Mr. Zhang Hong as the President, CEO, CFO, the Chairman of the Board of Directors, Treasurer, Secretary. Since December 12, 2015, he has served as the director of the Company.
As of March 31, 2026, the Company’s cash balance was $822 compared to $440 as of March 31, 2025, and our total assets as of March 31, 2026, were $17,683, compared with $22,443 as of March 31, 2025. The decrease in total assets was due to the amortization charges on right-of-use and the lease modific…
As of March 31, 2026, the Company had total liabilities of $652,856 compared with total liabilities of $517,459 as of March 31, 2025. The significant increase in total liabilities was primarily attributed to the increase of debts owed to Mr Zhang Hong in the total amount of $93,222 for the years end…
The Company has generated no operating revenues during the year ended March 31, 2026 and 2025.
Text removed vs the prior filing · source: 10-K · 2025-06-30
As of March 31, 2025, the Company had total liabilities of $517,459 compared with total liabilities of $2,656,537 as of March 31, 2024. The significant decrease in total liabilities was primarily attributed to the waiver of debts owed to Mr Jiang in the total amount of $2,103,762,which consisted of …
The Company has generated no operating revenues during the year ended March 31, 2025 and 2024.
For the year ended March 31, 2025, total operating expenses were $87,399 which consisted of general and administrative fees and professional fees. For the year ended March 31, 2024, total operating expenses were $82,877 which consisted of general and administrative fees and professional fees. The in…
As of March 31, 2025, the Company had a working capital deficiency of $495,704, compared with working capital deficiency of $2,631,139 as of March 31, 2024. The decrease in working capital deficiency was primarily attributed to the decrease in current liabilities due to the waiver of debts owed to M…
During the year ended March 31, 2025, the Company had $72,114 in cash used in operating activities which was mainly attributed to a decrease of $78,703 in wage payable to related party, a decrease in advance from related party of $33,258, partially offset by the net income of $29,444, an increase in…
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