MVNC — what changed in the latest 10-Q
A section-by-section comparison of MVNC'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 · 2026-08-14 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +24 | −8 | ~21 | 32 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| 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 · 2026-08-14
The following table summarizes revenue from contracts with customers, disaggregated by revenue source and the related segments, for the three months ended June 30, 2026 and 2025:
During the second quarter of 2026, PEL launched a new line of procurement service to support the sourcing and delivery of certain materials and supplies. In order to further strengthen and expand MVNC’s business development, PEL will explore more potential sourcing businesses in future.
In addition, the Company typically enters into purchase orders with its customers where the rights of the parties, including payment terms, are identified and sales prices to the customers are fixed with no separate sales rebate, discount, or other incentive and no right of return exists on sales of…
Revenues of $1,053,429 for the three months ended June 30, 2026, increased by $163,661 or 18% from $889,768 in the same period of 2025, which was mainly due to new trading business started on April 2026. Revenues of $889,768 for the three months ended March 31, 2025 mainly consisted logistics and wa…
For the three months ended June 30, 2026 and 2025, the individual customer who accounted for 10% or more of the Company’s revenues and its outstanding receivable balances at period-end dates, are presented as follows:
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Revenues of $803,742 for the three months ended March 31, 2026, increased by $162,719 or 25% from $641,023 in the same period of 2025, which was mainly due to the increase in number of customers in rendering warehousing services. Revenues of $641,023 for the three months ended March 31, 2025 consist…
For the three months ended March 31, 2026 and 2025, the individual customer who accounted for 10% or more of the Company’s revenues and its outstanding receivable balances at period-end dates, are presented as follows:
Cost of revenues of $330,676 for the three months ended March 31, 2026, consisted primarily of the direct wages, telemarketing service charges, depreciation and amortization of right-of-use assets. Cost of revenues increased by $11,672, as compared to $319,004 in the same period of 2025, which was m…
For the three months ended March 31, 2026 and 2025, the individual vendor who accounted for 10% or more of the Company’s direct operating cost and its outstanding payable balances at period-end dates, are presented as follows:
We achieved a gross profit of $473,066 and $322,019 for the three months ended March 31, 2026 and 2025, respectively. The increase in gross profit is attributable to an increase in new business in rendering warehousing services.
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