USAQ — what changed in the latest 10-Q
A section-by-section comparison of USAQ'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 · 2026-08-12 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +19 | −14 | ~8 | 7 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
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, Risk factors, 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 · 2026-08-12
For the three months ended June 30, 2026, we generated revenues of $847,490 compared to $605,446 of revenues for the three months ended June 30, 2025 which was driven by an 86.4% increase in our Integrated Service Program (ISP) revenues during the period.
For the six months ended June 30, 2026, we generated revenues of $1,576,175 compared to $1,250,865 of revenues for the six months ended June 30, 2025. The increase in revenues for the first half of 2026, is attributed to a 103.2% increase in revenues generated from ISP services to $865,900 compared …
A significant portion of our revenue growth during the first half of 2026 was driven by recurring service-based revenue generated through ISP. Unlike traditional medical product sales, these services are provided on an ongoing basis as physicians continue utilizing the Company’s software platform an…
The Company generated a gross profit of $589,784 during the three months ended June 30, 2026 compared to $399,015 for the three months ended June 30, 2025. Gross margin increased to 69.6% for the quarter compared to 65.9% during the three months ended June 30, 2025.
The Company generated a gross profit of $1,060,587 during the six months ended June 30, 2026 compared to $828,959 for the six months ended June 30, 2025. Gross margin increased from 66.3% during the six months ended June 30, 2025 to 67.3% during the six months ended June 30, 2026. The increase in gr…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
For the period ended March 31, 2026, we generated revenues of $728,685 compared to $645,419 of revenues for the period ended March 31, 2025. The increase in revenues for the period ended March 31, 2026, is attributed to the growth of the revenue associated with ISP services which more than made up f…
The Company generated gross profit of $470,803 for the three months ended March 31, 2026, compared to $429,944 for the three months ended March 31, 2025, an increase of $40,859, or 9.5%. Gross margin decreased from 66.6% for the three months ended March 31, 2025 to 64.6% for the three months ended M…
The decrease in gross margin was primarily due to changes in revenue mix, including growth in the Company’s ISP revenue and the introduction of a new service line that includes revenue-sharing arrangements with a third-party provider. This service line contributed to the increase in total revenue an…
Management believes the increase in gross profit reflects continued growth in the Company’s operations. The change in gross margin is consistent with the Company’s evolving revenue mix and does not reflect a decline in the cost structure of its core product lines, which continue to benefit from oper…
For the three months ended March 31, 2026, general and administrative expenses totaled $207,822, an increase of $52,299, compared to $155,523 for the three months ended March 31, 2025. The increase is primarily due to increased payroll-related expenses associated with expanding strategic and operati…
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