CIRX — what changed in the latest 10-Q
A section-by-section comparison of CIRX'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 · 2026-08-18 vs the prior 10-Q · 2026-05-20
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +17 | −8 | ~5 | 7 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
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): 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 · 2026-08-18
For the three months ended June 30, 2026 and 2025, we recognized a loss from discontinued operations of $12,407 and $38,261, respectively, of interest expense.
Results of Operations for the Six Months Ended June 30, 2026, Compared to the Six Months Ended June 30, 2025
During the six months ended June 30, 2026 and 2025, we had net sales of $2,333,019 and $629,251, respectively, an increase of $1,703,768 or 270.8%. We had cost of sales of $1,250,613 and $274,015, respectively, and gross profit of $1,082,406 and $355,236, respectively. Revenues are derived from the …
During the six months ended June 30, 2026 and 2025, selling, general, and administrative expenses (“SG&A”) were $627,069 and $340,313, respectively, an increase of $286,756 or 84.3%. The increase in SG&A expenses period over period was the result of increased promotional activities to support higher…
Total other expense during the six months ended June 30, 2026 was $358,004 compared to $396,230 in the prior period. In the current period we had $426,540 of interest expense, a gain of $63,025 on derivative valuation and a gain on forgiveness of debt of $5,511. In the prior period we had $405,761 o…
Text removed vs the prior filing · source: 10-Q · 2026-05-20
For the three months ended March 31, 2026, we recognized a gain from discontinued operations of $2,286,438 due to the extinguishment of time barred debt $2,324,279 and $37,841 of interest expense.
For the three months ended March 31, 2025, we recognized a loss from discontinued operations of $37,841 due to interest expense.
We have had a history of losses from operations, as our expenses have been greater than our revenue. Our accumulated deficit was approximately $60.1 million at March 31, 2026. As of March 31, 2026, we had current assets of $2.3 million and current liabilities of approximately $22.5 million, resultin…
During the three months ended March 31, 2026, operations used $59,108 of net cash, comprised of net income of $2,220,701, noncash items totaling $82,511 consisting primarily of a gain recognized from the changes in fair values of derivative liabilities and debt discount amortization, and changes in …
During the three months ended March 31, 2026, financing activities provided $60,855 of cash, compared to $469,538 of cash provided during the three months ended March 31, 2025. Cash provided in financing consisted mostly of related party loans.
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