PVIT — what changed in the latest 10-Q
A section-by-section comparison of PVIT'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 · 2026-11-03 vs the prior 10-Q · 2026-08-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −8 | ~2 | 8 |
| 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 |
| Risk factors | 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.
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 · 2026-11-03
Revenue for the three months ended September 30, 2026, was $48,243 compared to $49,216 for the three months ended September 30, 2025.
Cost of sales for the three months ended September 30, 2026, was $7,711 compared to $7,500 for the three months ended September 30, 2025.
Operating expenses were $54,879 for the three months ended September 30, 2026, compared to $68,514 for the three months ended September 30, 2025, a reduction of $13,635. The decrease was mainly due to lower overheads at the head office level.
For the three months ended September 30, 2026, and 2025, we had interest expense of $8,460 and $8,280 respectively.
Net loss for the three months ended September 30, 2026, was $(22,807) compared to a net loss of $(35,078) for the three months ended September 30, 2025. The lower net loss is due to lower overhead costs.
Text removed vs the prior filing · source: 10-Q · 2026-08-04
Operating expenses were $61,512 for the three months ended June 30, 2026, compared to $53,330 for the three months ended June 30, 2025, an increase of $8,182. The increase was mainly due to higher overheads for head office costs.
For the three months ended June 30, 2026, and 2025, we had interest expense of $8,448 and $8,280 respectively.
Net loss for the three months ended June 30, 2026, was $(21,509) compared to a net loss of $(19,400) for the three months ended June 30, 2025. The higher net loss is due to higher overhead costs.
Results of Operations for the Six Months Ended June 30, 2026 as Compared to the Six Months Ended June 30, 2025
Net loss for the six months ended June 30, 2026, was $(38,691) compared to a net loss of $(44,950) for the six months ended June 30, 2025. The reduction in the loss for the period is primarily due to increased sales during the period.
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