HSCT — what changed in the latest 10-K
A section-by-section comparison of HSCT'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-K · 2026-10-23 vs the prior 10-K · 2026-01-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | 0 | 0 | ~3 | 37 |
| Risk factors | Text added/removed | +1 | 0 | 0 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| MD&A | Text added/removed | +4 | −4 | ~7 | 8 |
| Market risk (Item 7A) | 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.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Risk factors
Text added vs the prior filing · source: 10-K · 2026-10-23
We are a small company with no employees and limited operations. We have not adopted formal processes for assessing, identifying and managing material risks from cybersecurity threats. Our sole officer and director is responsible for overseeing cybersecurity risks, which relate principally to the se…
MD&A
Text added vs the prior filing · source: 10-K · 2026-10-23
During the year ended June 30, 2026, we generated revenue of $20,000 (2025 – $nil) from the sale of basketball merchandise inventory to a single customer. Cost of goods sold was $15,755, resulting in gross profit of $4,245. Operating expenses were $79,538 compared to $20,118 for the year ended June …
As of June 30, 2026, the Company had cash of $8,013 and total assets of $69,127 compared to cash of $20 and total assets of $76,889 as at June 30, 2025. The increase in cash was primarily due to proceeds from the sale of inventory and the legal settlement received, partially offset by payments of op…
During the year ended June 30, 2026, we used $44,082 cash in operating activities compared to $29,053 during the year ended June 30, 2025. The increase in cash used in operating activities was primarily due to higher filing fees and professional fees, partially offset by the gross profit on inventor…
During the year ended June 30, 2026, we received $52,075 in proceeds from a related party compared to $28,997 during the year ended June 30, 2025. Net cash provided by financing activities for the years ended June 30, 2026 and 2025 was $52,075 and $28,997, respectively.
Text removed vs the prior filing · source: 10-K · 2026-01-13
During the year ended June 30, 2025, we incurred $20,118 of operating expenditures comprised of bank charges, professional fees, transfer agent and filing fees compared to $50,878 for the year ended June 30, 2024. The decrease in operating expenses is due to a decrease in professional fees, specific…
As of June 30, 2025, the Company had a cash balance and total assets of $76,889 compared to cash and total assets of $76,945 as at June 30, 2024. The decrease in cash was due to the proceeds received from the share subscriptions being used to pay day-to-day operating costs. As at June 30, 2025, and …
During the year ended June 30, 2025, we used $29,053 cash for operating activities compared to the use of $69,385 for operating activities during the year ended June 30, 2024. The decrease in the use of cash for operating activities was due to an increase in legal fees relating to our DTC eligibilit…
During the year ended June 30, 2025, we have financing activities as compared to $28,997 in proceeds from related party and during the year ended June 30, 2024, $69,441 in proceeds from promissory note and proceeds from related party. Net cash provided by financing activities for the year ended June…
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