HNIT — what changed in the latest 10-Q
A section-by-section comparison of HNIT'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 · 2026-07-09 vs the prior 10-Q · 2026-04-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +13 | −6 | ~12 | 27 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~4 | 8 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 7 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
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 · 2026-07-09
For the six months ended May 31, 2026, the Company generated revenue in the amount of $28,000.
For the six months ended May 31, 2025, the Company generated revenue in the amount of $4,600.
The revenue generated was from the Company providing website and application development, design and maintenance services to the customers.
For the six months ended May 31, 2026, the Company had general and administrative expenses in the amount of $17,933. These were primarily comprised of audit fees, stock and registrar fees, OTC fee, other professional fees and service tax.
For the six months ended May 31, 2025, the Company had general and administrative expenses in the amount of $26,427. These were primarily comprised of audit fees, stock and registrar fees, OTC fee, other professional fees and service tax.
Text removed vs the prior filing · source: 10-Q · 2026-04-14
Net cash provided by operating activities was $5,120 for the three months ended February 28, 2026. The cash provided by operating activities was attributable to depreciation expenses, decrease in prepayments and deposit and increase in contract liabilities contra by net loss, decrease in accrued lia…
Net cash used in operating activities was $9,697 for the three months ended February 28, 2025. The cash used in operating activities was attributable to net loss, increase in accounts receivable, increase in the amount due from a shareholder, and decrease in accrued liabilities contra by depreciatio…
For the three months ended February 28, 2026, the Company did not generate nor used any cash in investing activity.
For the three months ended February 28, 2025, the Company did not generate nor used any cash in investing activity.
For the three months ended February 28, 2026, the Company did not generate nor used any cash in financing activity.
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