HGAS — what changed in the latest 10-Q
A section-by-section comparison of HGAS'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 · 2026-08-13 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +9 | −7 | ~11 | 28 |
| Controls & procedures | Text added/removed | +1 | 0 | ~1 | 3 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | 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): Market risk (Item 3), 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 · 2026-08-13
During the three and six months ended June, 30, 2025, the Company received a refund of Delaware franchise taxes overpaid in 2023 of $202,173.
For the three months ended June 30, 2026 and 2025, the Company earned $17 and $874, respectively, of interest income on cash balances at bank, and $375 and $1,759, respectively, for the six months ended June 30, 2026 and 2025.
For the three months ended June 30, 2026 and 2025, the Company incurred $3,414 of interest expense on its convertible promissory notes, and $6,792 and $7,767, respectively, for the six months ended June 30, 2026 and 2025.
The change in fair value of warrant liabilities for the three months ended June 30, 2026 and 2025 of $25,600 and $4,040, respectively, and for the six months ended June 30, 2026 and 2025 of $24,260 and $8,080, respectively, is recognized into other income (expense) on the condensed consolidated stat…
Since inception, the Company’s primary sources of liquidity have been cash flows from contributions from a member and a related party and from revenue from customers. The Company had $939 in cash, a working capital deficit of $323,857, and an accumulated deficit of $490,429 as of June 30, 2026.
Text removed vs the prior filing · source: 10-Q · 2026-05-15
For the three months ended March 31, 2026 and 2025, the Company earned $358 and $885, respectively, of interest income on cash balances at bank.
For the three months ended March 31, 2026 and 2025, the Company incurred $3,378 and $4,353, respectively, of interest expense on its convertible promissory notes.
The change in fair value of warrant liabilities for the three months ended March 31, 2026 and 2025 of $1,340 and $4,040, respectively, is recognized into other income on the condensed consolidated statement of operations.
Since inception, the Company’s primary sources of liquidity have been cash flows from contributions from a member and a related party and from revenue from customers. The Company had $5,472 in cash, a working capital deficit of $299,776, and an accumulated deficit of $440,748 as of March 31, 2026.
Cash flows for the three months ended March 31, 2026 and 2025
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-08-13
There were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most recent fiscal period that have materially affected, or are reasonably likely to materially affect, our internal control over financial…
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