GFLT — what changed in the latest 10-Q
A section-by-section comparison of GFLT'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 · 2026-05-15 vs the prior 10-Q · 2026-02-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −12 | ~12 | 32 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 6 |
| 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 · 2026-05-15
Cost of goods sold was $32,922 for the three months ended March 31, 2026, as compared to $60,111 for 2025, a decrease of $27,189. The cost of goods sold for the three months ended March 31, 2026 primarily related to $20,275 of depreciation expense of rental inventory. The cost of goods sold for the …
Research and development expenses were $11,016 for the three months ended March 31, 2026, as compared to $40,564 for 2025, a decrease of $29,548, which was the result of decreased engineering, consulting and research and development activity of the Company’s collapsible marine containers.
General and administrative expenses for the three months ended March 31, 2026, were $837,760, compared to $459,362 for 2025, an increase of $378,398, which was primarily related to increased professional costs related to public company operations and the Public Offering during the three months ended…
For the Nine Months ended March 31, 2026, compared to the Nine Months ended March 31, 2025
The following discussion compares operating data for the nine months ended March 31, 2026, to the data for the nine months ended March 31, 2025:
Text removed vs the prior filing · source: 10-Q · 2026-02-13
Revenue was $0 for the three months ended December 31, 2025 and 2024.
Cost of goods sold was $21,846 for the three months ended December 31, 2025, as compared to $52,717 for 2024, a decrease of $30,871. The cost of goods sold for the three months ended December 31, 2025 primarily related to $21,846 of depreciation expense of rental inventory. The cost of goods sold fo…
Research and development expenses were $0 for the three months ended December 31, 2025, as compared to $52,000 for 2024, a decrease of $52,000, which was the result of decreased engineering, consulting and research and development activity of the Company’s collapsible marine containers.
General and administrative expenses for the three months ended December 31, 2025, were $402,950, compared to $739,674 for 2024, a decrease of $336,724, which was primarily related to a decrease in stock-based compensation expense of $284,125 associated with advisor agreements executed during the thr…
For the Six Months ended December 31, 2025, compared to the Six Months ended December 31, 2024
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