BCRD — what changed in the latest 10-Q
A section-by-section comparison of BCRD'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 · 2026-08-11 vs the prior 10-Q · 2026-02-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −5 | ~36 | 35 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| 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.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings, Risk factors
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 · 2026-08-11
In connection with the acquisition of Millennium EBS, the Company recognized the Payment Hub intangible asset as an identifiable finite-lived intangible asset. The asset is amortized on a straight-line basis over its estimated useful life and is evaluated for impairment whenever events or changes in…
During the current fiscal year, the Company reclassified the Payment Hub asset from goodwill to an identifiable finite-lived intangible asset based upon management’s evaluation and the related purchase price allocation. The Payment Hub intangible asset is amortized on a straight-line basis over its …
Net cash used in/provided by operating activities $(176,529) $(50,016)
Cash used in operating activities for the three months ended June 30, 2026 was $176,529, primarily as a result of net loss of $287,522, depreciation and amortization of $101,750, non-cash rent expense of $4,471, increase in other assets: escrow deposits of $67,500, increase in liabilities of $81,946…
Cash used in operating activities for the three months June 30, 2025 was $50,016, primarily as a result of net loss of $343,513, depreciation and amortization of $26,716, non-cash rent expense of $664, amortization of internal-use software of $101,751, and a net increase in operating assets and liab…
Text removed vs the prior filing · source: 10-Q · 2026-02-17
Goodwill arising on a business combination represents the difference between the cost of acquisition and the Company’s consolidated interest in the fair value of the identifiable assets and liabilities of a subsidiary as at the date of acquisition. Goodwill is recognized as an asset and is not amort…
Cash used in operating activities for the nine months ended December 31, 2025 was $265,347, primarily as a result of net loss of $1,255,096, depreciation and amortization of $80,151, credit loss expense of $20,030, non-cash rent expense of $1,937, amortization of internal-use software of $305,251, a…
Cash used in operating activities for the nine months December 31 2024 was $294,054 primarily as a result of net loss of $699,138, depreciation and amortization of $96,529, non-cash rent expense of $2,193, amortization of internal-use software of $10,860, and a net increase in operating assets and l…
Net cash used in investing activities for the nine months ended December 31, 2025, was $7,913, due to purchase of property and equipment. Net cash used in investing activities for the nine months ended December 31, 2024, was $0.
Net cash provided by financing activities for the nine months ended December 31, 2025, was $261,200, consisting of cash received from sale of common stock. Net cash provided by financing activities for the nine months ended December 31, 2024, was $223,000 consisting of cash received from sale of com…
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