MALG — what changed in the latest 10-Q
A section-by-section comparison of MALG'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 · 2022-11-14 vs the prior 10-Q · 2022-08-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −19 | ~13 | 26 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
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), 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 · 2022-11-14
We did not have customers constituting 10% or more of the net revenues in the nine months ended September 30, 2022 and 2021.
Comparison of Three Months Ended September 30, 2022 and 2021
We generated $3,776,384 in revenue for the three months ended September 30, 2022 compared to $15,045,396 for the three months ended September 30, 2022, a decrease in total revenues of $11,269,012 or 74.9% compared with the three months ended September 30, 2021.
The decrease was mainly due to the outbreaks of additional variants of COVID-19 which are more transmissible (like the Omicron variant and the two sub-variants: BA.1 and BA.2.) or result in more severe sickness (like the Delta variant) having caused negative impacts to our business since January 202…
Cost of revenue was $1,755,692 for the three months ended September 30, 2022 compared to $4,430,256 for the three months ended September 30, 2021, a decrease in cost of revenue by $2,674,564 or 60.4%. The cost of revenue consists of the cost of raw materials and cost of manufactured goods sold to cu…
Text removed vs the prior filing · source: 10-Q · 2022-08-15
We did not have customers constituting 10% or more of the net revenues in the six months ended June 30, 2022. We had two customers constituting 10% or more of the net revenues in the six months ended June 30, 2021 as follows:
We generated $4,030,276 in revenue for the three months ended June 30, 2022 compared to $9,458,387 for the three months ended June 30, 2022. There was a decrease in total revenues of $5,428,111 or 57.4% compared with the three months ended June 30, 2021, mainly due to the outbreaks of additional var…
Cost of revenue was $1,350,080 for the three months ended June 30, 2022 compared to $2,775,753 for the three months ended June 30, 2021, a decrease in cost of revenue by $1,425,673 or 51.4%. The cost of revenue consists of the cost of raw materials and cost of manufactured goods sold to customers, i…
Gross profit for the three months ended June 30, 2022 was $2,680,196 compared with $6,682,634 for the three months ended June 30, 2021. The gross profit margin was 66.5% for the three months ended June 30, 2022 compared to 70.7% for the three months ended June 30, 2021. Such decrease was due to a lo…
Our selling expenses for the three months ended June 30, 2022 and 2021 were $176,083 and $136,865, respectively. The selling and marketing expenses increased was $39,218 or 28.7%. Selling expenses consist primarily of salary and welfare for sales staff, advertising expense and exhibition expense. Al…
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