BSAI — what changed in the latest 10-Q
A section-by-section comparison of BSAI'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 · 2026-08-14 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −4 | ~11 | 19 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | 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): 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 · 2026-08-14
Six months ended June 30, 2026 compared to the six months ended June 30, 2025
We had a net loss of $907,648 for the six-month period ended June 30, 2026, and a net loss of $1,381,531 for the six-month period ended June 30, 2025. This change in our results over the two periods is primarily the result of a decrease in consulting expense, the change in the derivative liabilities…
General and administrative expenses decreased for the six-month period ended June 30, 2026 because of a decrease in consulting, legal and investor relations expenses, compared to the six-month period ended June 30, 2025.
Changes in derivative liabilities was due to the derivative liabilities being eliminated in the current year.
Interest expense decreased for the six-month period ended June 30, 2026 because of the amendments removing the interest accruals on notes from related parties.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Our balance sheet as of March 31, 2026 reflects assets of $2,251,361. We had cash in the amount of $562,950 and working capital deficit in the amount of $2,650,009 as of March 31, 2026. Thus, we do not have sufficient working capital to enable us to carry out our stated plan of operation for the nex…
Net cash flow used in operating activities during the three months ended March 31, 2026 was $322,486, an increase of $285,215 from the $37,271 net cash used during the three months ended March 31, 2025. This increase in the cash used in operating activities was primarily due to the increase in net l…
Investing activities during the three months ended March 31, 2026 provided $0, a decrease of $0 from the $0 provided by investing activities during the three months ended March 31, 2025.
Financing activities during the three months ended March 31, 2026 used cash of $75,000, a decrease of $112,271 from the $37,271 provided by financing activities during the three months ended March 31, 2025. During the three months ended March 31, 2026, the Company made $75,000 in payments on notes p…
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