FVTI — what changed in the latest 10-Q
A section-by-section comparison of FVTI'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 · 2024-08-14 vs the prior 10-Q · 2024-05-20
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −7 | ~10 | 9 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 10 |
| 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 · 2024-08-14
Net loss attributable to noncontrolling interests (49,796) (58,361) 8,565
Net revenues were $247,061 for the three months ended June 30, 2024, reflecting a decrease of $1,025,536, or 81%, from $1,272,597 for the three months ended June 30, 2023. The decrease in net revenues was mainly due to the lower product sales volume than the same period of the prior year and to a le…
Net revenues were $514,883 for the six months ended June 30, 2024, reflecting a decrease of $2,393,003, or 82%, from $2,907,886 for the six months ended June 30, 2023. The decrease in net revenues was mainly due to the lower product sales volume than the same period of the prior year and to a lesser…
Cost of revenues was $202,785 for the three months ended June 30, 2024, reflecting a decrease of $450,13, or 69%, from $652,798 for the three months ended June 30, 2023. The decrease in cost of revenues was mainly due to the lower product sales volume in line with our net revenues decrease and to a …
Cost of revenues was $415,674 for the six months ended June 30, 2024, reflecting a decrease of $914,491, or 69%, from $1,330,165 for the six months ended June 30, 2023. The decrease in cost of revenues was mainly due to the lower product sales volume in line with our net revenues decrease and to a l…
Text removed vs the prior filing · source: 10-Q · 2024-05-20
Net revenues were $267,822 for the three months ended March 31, 2024, reflecting a decrease of $1,367,467, or 84%, from $1,635,289 for the three months ended March 31, 2023. The decrease in net revenues was mainly due to the lower product sales volume than the same period of the prior year and to a …
Cost of revenues was $212,889 for the three months ended March 31, 2024, reflecting a decrease of $464,478, or 69%, from $677,367 for the three months ended March 31, 2023. The decrease in cost of revenues was mainly due to the lower product sales volume in line with our net revenues decrease and to…
Gross profit was $54,933 and $957,922 for the three months ended March 31, 2024 and 2023, respectively, reflecting a decrease of $902,989, or 94%. The decrease in gross profit was mainly due to the decrease in the net revenues.
Operating expenses were $1,047,874 for the three months ended March 31, 2024, reflecting an increase of $83,237, or 9%, from $964,637 for the three months ended March 31, 2023. The increase in operating expenses was mainly due to the allowance of credit loss for accounts receivable.
For the three months ended March 31, 2024, our net loss was $1,001,080, compared to the net loss of $89,176 for the three months ended March 31, 2023. The increase in net loss was a result of the factors described above.
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