CJAX — what changed in the latest 10-Q
A section-by-section comparison of CJAX'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 · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −10 | ~3 | 44 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 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): 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, For the Six Months Ended June 30,
Revenues were $329,386 for the three months ended June 30, 2026, compared to $233,624 for the corresponding period in 2025. The increase in revenues of 41.0% for the three months ended June 30, 2026, compared to the same period in 2025 was primarily attributable to higher realized oil prices. This i…
For the six month period ended June 2026 revenues were $441,462 compared to revenues of $571,847 the corresponding period ended June 30, 2025, a decrease of approximately 22.8% compared to June 30, 2025, which was primarily driven by lower production volumes from the Pine Grove Assets due to well do…
Lease operating expenses were $67,168 for the three months ended June 30, 2026, a decrease of approximately 47% from $126,385 during the same period in 2025. The decrease was primarily due to historical lease operating expenses related to the NONOP assets which were not incurred during 2026 and incr…
Lease operating expenses were $182,514 for the six months ended June 30, 2026, a decrease of approximately 18% from $233,625 during the same period in 2025. The decrease was primarily due to historical lease operating expenses related to the NONOP assets which were not incurred during 2026 and incre…
Text removed vs the prior filing · source: 10-Q · 2026-05-13
Revenues were $112,076 for the three months ended March 31, 2026, compared to $338,222 for the three months ended March 31, 2025. The decrease in revenue of 66.9% or $226,146 was primarily driven by the decrease in production for the Buckley assets resulting in approximately $137,202 reduction in re…
Lease operating expenses were $115,345 for the three months ended March 31, 2026, compared to $ 97,240 for the three months ended March 31, 2025, representing an increase of 18.6% or $18,105. The increase in expense was primarily attributable to the increased operating expenses related to repair and…
General and administrative expenses consisted primarily of accounting and audit fees, legal and professional services fees, and payroll-related expenses. General and administrative expenses were $193,971 for the three months ended March 31, 2026, compared to $274,330 in the same period in 2025, repr…
Total operating loss was $265,510 for the three months ended March 31, 2026, and $144,323 for the three months ended March 31, 2025. The increased loss was primarily driven by the $226,146 decrease in revenues offset by the $104,959 net decrease in operating expenses.
Other expense, net was $450 for the three months ended March 31, 2026, as compared to $483 for the three months ended March 31, 2025, due to an increase in interest expense on the PPP Loan.
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