NMEX — what changed in the latest 10-K
A section-by-section comparison of NMEX'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 · 2026-11-03 vs the prior 10-K · 2025-11-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +1 | −1 | ~1 | 23 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| MD&A | Text added/removed | +27 | −14 | ~2 | 1 |
| 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.
Business
Text added vs the prior filing · source: 10-K · 2026-11-03
These and similar state laws also govern the management and disposal of produced waters from the extraction process. Currently, wastewater associated with oil and natural gas production is prohibited from being directly discharged to waterways and other waters of the U.S. While some of the wastewate…
Text removed vs the prior filing · source: 10-K · 2025-11-17
These and similar state laws also govern the management and disposal of produced waters from the extraction process. Currently, wastewater associated with oil and natural gas production is prohibited from being directly discharged to waterways and other waters of the U.S. While some of the wastewate…
MD&A
Text added vs the prior filing · source: 10-K · 2026-11-03
Officer compensation was $39,000 and $27,600 for the years ended July 31, 2026 and 2025, respectively, an increase of $11,400 or 41.3%. Officer’s compensation is paid to our CFO and has increased in the current year. In addition, we issued 50,000 shares of common stock to our CFO in the current year…
Director compensation was $17,400 and $0 for the years ended July 31, 2026 and 2025, respectively, On January 7, 2026, the Company granted 100,000 shares of common stock to Berhane Tewolde, Director, for services. The shares were valued at $0.174, the closing price on the date of grant, for total no…
Consulting – related party services were $72,000 and $75,450 for the years ended July 31, 2026 and 2025, respectively, a decrease of $3,450 or 4.5%. Fees are paid to Noel Schaefer, CEO & Director, but are billed as consulting fees. For the year ended July 31, 2025 we paid an additional $3,450 to our…
Professional fees were $100,526 and $81,770 for the years ended July 31, 2026 and 2025, respectively, an increase of $18,756, or 22.9%. Professional fees generally consist of legal and audit expenses. In the current year our audit and legal fees increased $11,000 and $7,756.
General and administrative expenses were $59,131 and $50,758 for the years ended July 31, 2026 and 2025, respectively, an increase of $8,373 or 16.5%. The increase in the current year is due to increased transfer agent fees related to the filing of the Company’s DEF 14A.
Text removed vs the prior filing · source: 10-K · 2025-11-17
Officer compensation was $27,600 and $26,400 for the years ended July 31, 2025 and 2024, respectively, an increase of $1,200 or 4.5%. Officer’s compensation is paid to our CFO and has increased $200 a month in the current period.
Consulting – related party services were $75,450 and $76,700 for the years ended July 31, 2025 and 2024, respectively, a decrease of $1,250 or 1.6%. Fees are paid to Noel Schaefer, Director, but are billed as consulting fees. For the years ended July 31, 2025 and 2024, we paid an additional $3,450 a…
Professional fees were $81,770 and $33,850 for the years ended July 31, 2025 and 2024, respectively, an increase of $47,920, or 141.6%. Professional fees generally consist of legal and audit expenses. In the current year our legal fees increased approximately $48,000.
General and administrative expenses were $50,758 and $21,936 for the years ended July 31, 2025 and 2024, respectively, an increase of $28,822 or 131.4%. In the current year we had an increase of $9,000 for web design fees and we issued common stock for services valued at $19,000.
During the years ended July 31, 2025 and 2024, we incurred $12,254 and $11,454 of interest expense, increase of $800 or 7%. During the year ended July 31, 2025, we recognized a $4,700 gain on extinguishment of debt and a loss for impairment of $140,744.
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