PTOS — what changed in the latest 10-K
A section-by-section comparison of PTOS'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-K · 2025-07-15 vs the prior 10-K · 2024-07-16
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +1 | −2 | ~2 | 39 |
| Risk factors | Text added/removed | +3 | 0 | ~17 | 80 |
| MD&A | Text added/removed | +15 | −15 | ~6 | 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): Legal proceedings, Market risk (Item 7A)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Business
Text added vs the prior filing · source: 10-K · 2025-07-15
During the last fiscal year ended March 31, 2025, the Cease Trade Order (CTO) that was placed on the company by British Columbia Securities Commission was revoked on January 22, 2025. As a condition of revocation of CTO, the company had to hold an Annual General Meeting (AGM) of the shareholders wit…
Text removed vs the prior filing · source: 10-K · 2024-07-16
As of the Company's acquisition of Futricity on February 22, 2023, Futricity had $18000 CAD worth of orders for rooftop solar system installations. As of March 31, 2024, the Company has had sales of $166,000 USD for eight solar systems totaling 112 KW. Management believes these developments show pro…
In addition to the above, the Company diligently accesses new opportunities aimed at expanding its product offerings and services to its customers. The Company remains open to engaging in acquisitions of businesses or product lines, that hold the potential of increasing its market position, granting…
Risk factors
Text added vs the prior filing · source: 10-K · 2025-07-15
We have implemented cybersecurity risk management procedures, in accordance with our risk profile and business size. We rely on our information technology to operate our business. As such, we have policies and processes designed to protect our information technology systems, some of which are manage…
We have designed our business applications to minimize the impact that cybersecurity incidents could have on our business and have identified back-up systems where appropriate. We seek to further mitigate cybersecurity risks through a combination of monitoring and detection activities, use of anti-m…
As of March 31, 2025, we have not identified an indication of a cybersecurity incident that would have a material impact on our business and consolidated financial statements.
MD&A
Text added vs the prior filing · source: 10-K · 2025-07-15
During the year ended March 31, 2025, the Company had sales of $26,382 as compared to sales of $166,288 during the year ended March 31, 2024. The Company started to generate sales from the installation of rooftop solar systems during Q1 ended June 30, 2023 upon the acquisition of Futricity in Februa…
During the year ended March 31, 2025, the Company had other income of $68,834 as compared to other expenses of $33,485. During the year ended March 31, 2025, the Company recognized gain on loan settlement of $147,232.
The Company had comprehensive income of $63,954 for the year ended March 31, 2025 as compared to comprehensive loss of $145,614 for the year ended March 31, 2024. Actual net loss for the year ended March 31, 2025 was $34,492 as compared to $148,426 for the year ended March 31, 2024.
As of March 31, 2025, the Company’s balance sheet reflects total current assets of $12,462 as compared to $24,358 as of March 31, 2024, a decrease of $11,896 or approximately 49%. The decrease was primarily attributable to a decrease in accounts receivable as compared to March 31, 2024.
The balance sheet of the Company reflects that as of March 31, 2025, it had total current liabilities of $1,039,119 as compared to total current liabilities of $1,866,782 at March 31, 2024, a decrease was $827,657 or approximately of 44%.
Text removed vs the prior filing · source: 10-K · 2024-07-16
During the year ended March 31, 2024, the Company had sales of $166,288 as compared to sales of $nil during the year ended March 31, 2023. The Company started to generate sales from installation of rooftop solar systems during Q1 ended June 30, 2023 upon the acquisition of Futricity in February 2023…
The Company had comprehensive loss of $145,614 for the year ended March 31, 2024, as compared to a loss and comprehensive loss of $47,948 for the year ended March 31, 2023, a change of $97,666 or approximately 204%. The increase in comprehensive loss for the year ended March 31, 2024 from the year e…
As of March 31, 2024, the Company’s audited balance sheet reflects total assets of $24,358, as compared to total assets of $16,907 during the fiscal year ended March 31, 2023, an increase of $7,451 or approximately 44%. The increase was primarily attributable to an increase in accounts receivable an…
The audited balance sheet of the Company reflects that as of March 31, 2024, it had total current liabilities of $1,860,218, as compared to total current liabilities of $1,707,152 at March 31, 2023, an increase of $153,066 or approximately 9%. The increase was primarily attributable to The increase …
The Company does not have sufficient assets or capital resources to pay its on-going expenses beyond August 15, 2024. In the year ended March 31, 2023 the company raised $55,000 CAD of the total of $110,000 CAD it was allowed to raise under the terms of the partial revocation of the cease trade orde…
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