APSI — what changed in the latest 10-Q
A section-by-section comparison of APSI'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 · 2022-11-10 vs the prior 10-Q · 2022-07-27
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +9 | −5 | ~11 | 61 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 9 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 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): 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 · 2022-11-10
Results of Operations for the six months ended September 30, 2022 and 2021
For the six months ended September 30, 2022 and 2021, we have neither engaged in any operations nor generated any revenues. We will not generate any operating revenues until we are able to execute our business plan and secure the rights to offer products to the market.
For the six months ended September 30, 2022, we incurred total operating expenses of $60,463 which included professional fees of $48,463 and rent of $12,000, in addition we incurred a loss on the value of digital assets of $16,509. As a result, we had a net loss of $76,972 for the six months ended S…
For the six months ended September 30, 2021, we incurred total operating expenses of $68,407 which included professional fees of $56,407 and rent of $12,000. We had a gain on the extinguishment of debt of $678,233, and interest expenses of $24,100. As a result, we had net income of $585,726 for the …
For the six months ended September 30, 2022, we had a net loss of $76,972. For the six months ended September 30, 2022, we had a loss on valuation of digital assets of $16,509, an increase in accrued expenses – related party of $12,000. As a result, we had net cash used in operating activities of $4…
Text removed vs the prior filing · source: 10-Q · 2022-07-27
For the three months ended June 30, 2022, we had a net loss of $41,439. For the three months ended June 30, 2022, we had an increase in accrued expenses – related party of $6,000. As a result, we had net cash used in operating activities of $35,439 for the three months ended June 30, 2022.
For the three months ended June 30, 2021, we had a net loss of $60,527. For the three months ended June 30, 2021, we had an increase in accrued expenses – related party of $8,500, and an increase in accrued interest of $17,223. As a result, we had net cash used in operating activities of $34,804 for…
For the three months ended June 30, 2022 and 2021, we did not pursue any investing activities.
For the three months ended June 30, 2022, we did not pursue any financing activities.
For the three months ended June 30, 2021, we had proceeds from the sale of our common stock for cash of $200,000. As a result, we had net cash provided by financing activities of $200,000 for the three months ended June 30, 2021.
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