MDEX — what changed in the latest 10-Q
A section-by-section comparison of MDEX'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 · 2026-08-19 vs the prior 10-Q · 2026-05-18
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −9 | 0 | 8 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 17 |
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 · 2026-08-19
In August 2026, we relocated our principal executive office, at which minimal operations are conducted and which we do not own or lease, to 405 Lexington Avenue, 59th floor, New York, New York.
General and administrative expenses increased to $48,321 for the three months ended June 30, 2026, from $40,046 for the three months ended June 30, 2025. General and administrative expenses decreased to $87,968 for the six months ended June 30, 2026, from $101,022 for the six months ended June 30, 2…
Professional fees decreased to $35,957 for the three months ended June 30, 2026, from $80,270 for the three months ended June 30, 2025. Professional fees decreased to $82,664 for the six months ended June 30, 2026, from $137,174 for the six months ended June 30, 2025. The decrease was primarily beca…
Interest expense decreased to $529,248 for the three months ended June 30, 2026, from $598,166 for the three months ended June 30, 2025.
Net loss decreased to $613,526 for the three months ended June 30, 2026, from $718,482 for the three months ended June 30, 2025. Net loss decreased to $1,273,981 for the six months ended June 30, 2026, from $1,427,959 for the six months ended June 30, 2025. The decrease was primarily the result of d…
Text removed vs the prior filing · source: 10-Q · 2026-05-18
General and administrative expenses decreased to $39,646 for the three months ended March 31, 2026, from $60,976 for the three months ended March 31, 2025. The decrease was primarily because of the expenses incurred in the prior year’ quarter for processing multiple SEC filings.
Professional fees decreased to $46,707 for the three months ended March 31, 2026, from $56,904 for the three months ended March 31, 2025. The decrease was primarily because of the non-recurring expenses incurred in the quarter ended March 31, 2025 for services of an independent firm to perform valua…
Interest expense decreased to $574,102 for the three months ended March 31, 2026, from $591,597 for the three months ended March 31, 2025.
Net loss decreased to $660,455 for the three months ended March 31, 2026, from $709,477 for the three months ended March 31, 2025. The decrease was primarily the result of decreases in general and administrative expense, professional fees and interest expense. The net loss per basic and diluted shar…
As at March 31, 2026, we had $Nil in cash and a $23,971,123 working capital deficit, compared to cash of $Nil and working capital deficit of $23,310,668 as at December 31, 2025. The increase in the working capital deficit primarily resulted from the accrual of interest on our debt.
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