ELVG — what changed in the latest 10-Q
A section-by-section comparison of ELVG'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 · 2026-08-14 vs the prior 10-Q · 2026-05-20
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −9 | ~4 | 23 |
| Controls & procedures | Text added/removed | 0 | 0 | ~10 | 10 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 3 |
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), 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 · 2026-08-14
For the six-month periods ended June 30, 2026, and June 30, 2025, we generated $1,692,445 and $1,218,083 in total revenue, respectively, representing an increase of $474,362 (38.9%), mainly from higher agency fees and the addition of new crew management contracts entered into in the first quarter of…
For the six-month period of 2026, total cost of revenue was $329,768 versus $319,729 for 2025, an increase of $10,039 (3.1%), due to higher agency fee and related-party service costs.
For the three-month period ended June 30, 2026, total cost of revenue was a net credit of $(55,363) versus $160,509 for the same period in 2025, this result was due to a reclassification of revenue related to crew management contracts from Gross Revenue to Net Revenue in Q2 2026 that lead to lower G…
For the six-month periods, operating expenses totaled $1,123,884 (2026) versus $914,972 (2025), up $208,912 (22.8%), primarily due to higher related-party professional fees and salaries.
For the three-month periods, operating expenses totaled $675,215 (2026) versus $514,091 (2025), up $161,124 (31.3%), reflecting the same cost drivers, most notably a $121,076 increase in related-party professional fees.
Text removed vs the prior filing · source: 10-Q · 2026-05-20
For the three-month periods ended March 31, 2026, and March 31, 2025, we generated $985,022 and $602,378 in total revenue, respectively, representing an increase in total revenue of $382,644 between the two periods, or 63.5%. The increase came mainly as a result of higher gross revenues from crew ma…
For the three-month periods ended March 31, 2026, and March 31, 2025, we incurred $385,131 and $159,221, respectively, in total cost of revenue, representing an increase between the two periods of $225,910, or 141.9%. The increase in cost of revenue is primarily attributable to higher direct service…
For the three-month periods ended March 31, 2026, and March 31, 2025, we generated $599,891 and $443,157 in gross profit, respectively, representing an increase in gross profit of $156,734 between the two periods, or 35.4%.
For the three-month periods ended March 31, 2026, and March 31, 2025, we incurred $448,670 and $400,882, respectively, in total operating expenses, representing an increase in total operating expenses between the two periods of $47,788, or 11.9%. The increase in operating expenses comes from a combi…
For the three-month periods ended March 31, 2026, and March 31, 2025, we generated a net profit of $135,613 and $60,230, respectively, representing an increase in net profit of $75,383 between the two periods. This increase in net profit is attributable to the higher gross revenues and improved gros…
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