ODRS — what changed in the latest 10-Q
A section-by-section comparison of ODRS'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 · 2026-05-05 vs the prior 10-Q · 2026-02-02
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −6 | ~8 | 4 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | 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): Risk factors, 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 · 2026-05-05
Cost of sales for the three months ended March 31, 2026 was $0, compared to $2 for the three months ended March 31, 2025, a decrease of $2, or 100%. Cost of sales for the six months ended March 31, 2026 was $6, compared to $4 for the six months ended March 31, 2025, an increase of $2, or approximate…
General and administrative expenses were $9,699 for the three months ended March 31, 2026, compared to $8,405 for the three months ended March 31, 2025, an increase of $1,294 or approximately 15.4%. General and administrative expenses were $28,224 for the six months ended March 31, 2026, compared to…
On January 4, 2021, we entered into a revolving promissory note agreement with our president and principal stockholder that, as amended, provides for total loans of up to $200,600 at an interest rate 3.5% per annum, which is repayable on or before December 31, 2026. We received proceeds under the re…
On December 1, 2021, we entered into a revolving promissory note agreement with another principal stockholder that, as amended, provides for loans of up to $35,400 at an interest rate of 3.5% per annum, which is repayable on or before December 31, 2026. We received proceeds under the second revolvin…
We do not believe we have adequate funds to meet our obligations for the next twelve months from our current cash, the current revolving note agreements, and projected cash flow from operations. Cash flow from operations has not historically been sufficient to sustain our operations without the addi…
Text removed vs the prior filing · source: 10-Q · 2026-02-02
Cost of sales for the three months ended December 31, 2025 was $6, compared to $2 for the three months ended December 31, 2024, an increase of $4, or 200%, which is in line with the increase in revenue. Cost of sales as a percentage of revenue was approximately 9.2% and 7.7%, respectively, for the t…
General and administrative expenses were $18,525 for the three months ended December 31, 2025, compared to $20,977 for the three months ended December 31, 2024, a decrease of $2,452 or approximately 11.7%. General and administrative expenses consist primarily of legal, accounting, and Edgar filing e…
On January 4, 2021, we entered into a revolving promissory note agreement with our president and principal stockholder that, as amended, provides for total loans of up to $200,600 at an interest rate 3.5% per annum, which is repayable on or before December 31, 2026. We received proceeds under the re…
We believe we have adequate funds to meet our obligations for the next twelve months from our current cash, the revolving note agreements, and projected cash flow from operations. Cash flow from operations has not historically been sufficient to sustain our operations without the additional sources …
As of December 31, 2025, we did not have any lease obligations or requirements or other agreements requiring a significant commitment of cash.
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