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 · 2026-05-18 vs the prior 10-Q · 2025-12-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −11 | 0 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~5 | 13 |
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 · 2026-05-18
Our consolidated financial statements have been prepared on a going concern basis and, accordingly, do not include any adjustments relating to the recoverability and realization of assets or the classification of liabilities that might be necessary should we be unable to continue in operation.
Our ability to continue as a going concern is dependent upon our ability to raise additional capital through the issuance of equity or debt securities, continued financial support from our largest shareholder, the execution of potential strategic initiatives, including amalgamation or similar transa…
On January 31, 2026, Vincent DeVito was appointed to our board of directors.
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…
Text removed vs the prior filing · source: 10-Q · 2025-12-29
Our consolidated financial statements included herein have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unab…
General and administrative expenses increased to $39,646 for the three months ended September 30, 2025, from $2,580 for the three months ended September 30, 2024. General and administrative expenses increased to $140,668 for the nine months ended September 30, 2025, from $27,078 for the nine months …
Professional fees decreased to $1,968 for the three months ended September 30, 2025, from $19,125 for the three months ended September 30, 2024. Professional fees decreased to $139,142 for the nine months ended September 30, 2025, from $209,828 for the nine months ended September 30, 2024. The decre…
Total amortization expense was $Nil for the three months ended September 30, 2025 and September 30, 2024. Total amortization expense decreased to $Nil for the nine months ended September 30, 2025, from $130,226 for the nine months ended September 30, 2024. Amortization expense is derived from discou…
Net loss increased to $646,355 for the three months ended September 30, 2025, from $626,446 for the three months ended September 30, 2024. Net loss decreased to $2,074,314 for the nine months ended September 30, 2025, from $2,130,550 for the nine months ended September 30, 2024. The decrease for the…
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