SPTY — what changed in the latest 10-Q
A section-by-section comparison of SPTY'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 · 2026-06-11 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −14 | ~6 | 15 |
| Controls & procedures | Text added/removed | +1 | −1 | ~2 | 7 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | 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): Market risk (Item 3), 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 · 2026-06-11
For the three months ended March 31, 2026, total revenue decreased approximately 20% to $243,850 as compared to $298,050 the same period last year, principally due to a large customer who decided to pause marketing services to allow them time to catch up on lead generation from our services. The Com…
For the three month period ended March 31, 2026 cost of revenues increased to $163,458 as compared to $154,776 in the same period last year. The increase in cost of revenues was due to additional staff and higher quality and higher cost digital marketing data sources and related platform costs to ma…
For the three month period ended March 31, 2026 other expenses increased to $50,393 as compared to $12,500 in the same period last year, primarily due to original issue discount and additional interest expense associated with the issuance of a convertible note.
For the three month period ended March 31, 2026 our net loss increased to $182,397 as compared to $140,216 in the same period last year. The increase in quarterly net loss was primarily due to lower net revenues amid macro level market factors outside of our control which delayed client marketing la…
Liquidity, Capital Resources, and Off-Balance Sheet Arrangements
Text removed vs the prior filing · source: 10-Q · 2025-11-13
For the three month period ended September 30, 2025 our revenues increased to $260,050 as compared to $213,675 during the same period last year, primarily due to an additional client. In the ordinary course of our business, large marketing campaigns for specific events or promotions that are nonrecu…
For the three month period ended September 30, 2025 cost of revenues decreased to $148,799 as compared to $163,300 in the same period last year. The temporary decrease in cost of revenues was due to the benefit of slightly lower cost digital marketing data sources and related platform costs to manag…
For the three month period ended September 30, 2025 other expenses increased to $17,000 as compared to $12,500 in the same period last year. The increase primarily relates to convertible note interest incurred at issuance.
For the three month period ended September 30, 2025 our net loss decreased to $68,503 as compared to $224,262 in the same period last year, primarily due to lower cost of revenues and operating expenses as described above.
Results of Operations – Nine Months Ended September 30, 2025, as compared to Nine Months Ended September 30, 2024
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-06-11
•We had inadequate document retention policies and procedures to ensure that all financial transactions, including timely communication of and providing financial documentation to our outside financial consultants regarding the opening and closing of bank and credit card accounts and convertible deb…
Text removed vs the prior filing · source: 10-Q · 2025-11-13
•We had inadequate document retention policies and procedures to ensure that all financial transactions were maintained and easily accessible.
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