FSTJ — what changed in the latest 10-Q
A section-by-section comparison of FSTJ'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 · 2026-08-13 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −3 | ~6 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
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), Legal proceedings, 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 · 2026-08-13
For the six months ended June 30, 2026, our revenue was $10,590,000, as compared to $8,848,000, for the six months ended June 30, 2025. The increase in revenue of 20% was the result of continued revenue growth. We expect revenues to continue to increase on a year-over-year basis.
Cost of revenues for the six months ended June 30, 2026, and 2025, were $4,312,000 and $4,095,000, respectively, resulting in gross margins of 59% and 54%, respectively. The primary components of cost of revenues include freight and material processing, which comprise the majority of the costs.
For the six months ended June 30, 2026, operating expenses were $5,405,000 as compared to $4,753,000 for the same period in 2025, an increase of 14%. General and administrative expenses increased by $85,000 from $1,253,000 to $1,338,000, payroll expenses increased $447,000 from $2,376,000 to $2,823,…
As a result of the above, our income from operations for the six months ended June 30, 2026, was $873,000 as compared to a loss from operations of $400 for the prior year period.
Other income and expenses included $63,000 in interest expenses during the six months ended June 30, 2026, compared to $62,000 in the prior year. Additionally, the prior year had other income totaling $347,000 related to a non-recurring employee retention credit. We expect interest expenses to incre…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
At March 31, 2026, we had cash totaling $631,000 as compared to cash totaling $277,000 at December 31, 2025. Our cash flows provided by operations were $399,000 for the three months ended March 31, 2026, as compared to $361,000 used in operations for the same period in the prior year. We expect cash…
Cash flows used in investing activities were $-0- for the three months ended March 31, 2026, and 2025, respectively. We expect investing expenditures to increase as the Company expands operations.
Our cash flows used in financing activities were $44,000 for the three months ended March 31, 2026, as compared to $56,000 provided by financing activity for the same period in the prior year. We expect financing receipts and expenditures to increase as the Company utilizes financing to expand opera…
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