PAYD — what changed in the latest 10-Q
A section-by-section comparison of PAYD'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −4 | ~8 | 10 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| 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): 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 · 2026-08-14
Shipping coordination and label generation services revenues increased $418,689 or 8% to $5,836,725 in the second quarter of 2026 compared to $5,418,037 in 2025. The increase is primarily due to pricing and sales initiatives to attract more businesses to the shipping platform. Additional carriers an…
Total operating expenses in the second quarter of 2026 were $1,247,780 compared to $1,608,968 in the second quarter of 2025, a decrease of $361,188 or 22%. The decrease in operating expenses is related to the share-based compensation recognized for an employee contract renewal in 2025 in addition to…
The following discussion compares the Company's results of operations for the six months ended June 30, 2026, with those for the six months ending June 30, 2025. The Company's condensed consolidated financial statements and notes thereto included elsewhere in this quarterly report contain detailed i…
The following table compares total net revenue for the periods indicated.
Revenues increased 14% in 2026 because of the shipping coordination and label generation segment of the business. Ongoing marketing efforts and strategic pricing along with shifts in shipping volume to more profitable carriers increased the overall transactional volume by 14% in the first two quarte…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Shipping coordination and label generation services revenues increased $898,649 or 21% to $5,244,788 in the first quarter of 2026 compared to $4,346,139 in 2025. The increase is primarily due to additional pricing and sales initiatives. Additional carriers and product enhancements continue to attrac…
Total operating expenses in the first quarter of 2026 were $1,178,309 compared to $1,179,205 in the first quarter of 2025, a decrease of $896 or less than 1%.
A summarized reconciliation of the Company's net loss to cash and cash equivalents used in operating activities for the three months ended March 31, 2026 and 2025 is as follows:
The Company had cash and cash equivalents of $951,698 at March 31, 2026, compared to $1,108,059 at December 31, 2025. The Company had a net working capital deficit of $353,993 at March 31, 2026, an increase of $49,781 compared to the deficit of $304,212 at December 31, 2025. The decrease in net work…
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