INNI — what changed in the latest 10-Q
A section-by-section comparison of INNI'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 · 2013-11-12 vs the prior 10-Q · 2013-08-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +26 | −24 | ~14 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | 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): Market risk (Item 3), 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 · 2013-11-12
On August 15, 2013, we entered into a securities purchase agreement with Asher Enterprises, Inc. (“Asher”) pursuant to which we sold to Asher an 8% convertible note in the aggregate principal amount of $78,500, convertible into shares of our common stock upon the terms and subject to the limitations…
On August 21, 2013, we entered into a revolving credit and security agreement with JJJ Family LLLP (“JJJ Family”) pursuant to which we can borrow up to $400,000 from the JJJ Family. In connection with this transaction, we issued a revolving promissory note to JJJ Family in the principal amount of $4…
Our total assets were $6.5 million and $8.5 million as of September 30, 2013 and December 31, 2012, respectively. As of September 30, 2013, we had $17,000 in cash, $180,000 in accounts receivable, $1.5 million in accounts payable and accrued expenses, and $5.1 million in total debt outstanding. As o…
Our revenue is derived from foresight and trend research revenue. Our revenue decreased by $22,000 for the three months ended September 30, 2013 in comparison to the three months ended September 30, 2012. The decreased revenue results from a decrease in the number of custom projects completed in thr…
Direct costs of revenue are comprised of certain salaries and related taxes, commissions, certain outside services and other direct costs related to our intelligence and insights services business. Direct costs of revenue decreased by $43,000 and $195,000 for the three and nine months ended Septembe…
Text removed vs the prior filing · source: 10-Q · 2013-08-14
Our total assets were $6.5 million and $8.5 million as of June 30, 2013 and December 31, 2012, respectively. As of June 30, 2013, we had $87,000 in cash, $99,000 in accounts receivable, $1.4 million in accounts payable and accrued expenses, and $4.9 million in total debt outstanding. As of December …
Our intelligence and insights services revenue is derived from foresight and trend research revenue. Our intelligence and insights services revenue decreased by $54,000 for the three months ended June 30, 2013 in comparison to the three months ended June 30, 2012. The decreased revenue results from …
We expect that our intelligence and insights services revenue will remain consistent with the first half of 2013 for the remainder of 2013.
Direct costs of revenue - intelligence and insights services are comprised of certain salaries and related taxes, commissions, certain outside services and other direct costs related to our intelligence and insights services business. Direct costs of revenue - intelligence and insights services decr…
Salaries and wages include non-sales employee and officer salaries and related benefits, including bonuses and stock-based compensation that are not otherwise allocated to direct costs of revenue. Salaries and wages decreased by $8,000 and $35,000 for the three and six months ended June 30, 2013, re…
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