PCMC — what changed in the latest 10-Q
A section-by-section comparison of PCMC'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 · 2026-05-12 vs the prior 10-Q · 2026-02-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −3 | ~8 | 7 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 8 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +2 | −2 | 0 | 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), Legal proceedings
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 · 2026-05-12
The Company had total operating expenses of $92,938 during the six months ended March 31, 2026 and total operating expenses of $36,242 for the six months ended March 31, 2025. The increase due to increased professional fees for audits.
The Company incurred $3,500 and $5,250 interest expense for the six months ending March 31, 2026 and 2025, respectively.
The Company had interest income of $3,356 and $0 for the three months ending March 31, 2026 and 2025, respectively.
As of March 31, 2026, and through the date hereof, the Company has no business operations and limited cash resources other than that provided by Repository Services LLC and short-term advances. We are dependent upon interim funding to be provided by Repository Services LLC or Specialty Capital Lende…
The Company had a negative cash flow from operations of $89,353 and $80,318 for the six months ended March 31, 2026 and 2025, respectively.
Text removed vs the prior filing · source: 10-Q · 2026-02-17
The Company incurred $2,625 interest expense for the three months ending December 31, 2025 and 2024.
The Company had a net loss of $17,023 and $20,338 for the three months ending December 31, 2025 and 2024, respectively.
As of December 31, 2025, and through the date hereof, the Company has no business operations and limited cash resources other than that provided by Repository Services LLC and short term advances. We are dependent upon interim funding to be provided by Repository Services LLC or Specialty Capital Le…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-12
Although the Company’s plan of operation is to acquire an interest in a business opportunity, the Company is not currently engaged in any negotiations to acquire a business opportunity or effectuate a business combination. However, the majority shareholder has had preliminary negotiations that, if c…
Issuers who are shells and effectuate a reverse merger or business combination between a reporting shell and a private company must be done through a Securities Act registration statement unless a clear exemption applies. A registration under the Securities Act may be required in connection with any…
Text removed vs the prior filing · source: 10-Q · 2026-02-17
The Company’s plan of operation is to acquire an interest in a business opportunity. The majority shareholder has had preliminary negotiations that, if consummated, may result in a change in control. The Company is currently participating in the evaluation and development of this potential business …
When these discussions progress, we intend to execute a Letter of Intent outlining the key terms of the proposed transaction and upon the signing, we will file a Form 8-K in accordance with applicable regulatory and corporate governance requirements. These negotiations represent a current shift in o…
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