ROYL — what changed in the latest 10-Q
A section-by-section comparison of ROYL'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 · 2026-08-31 vs the prior 10-Q · 2026-08-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −8 | ~8 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 3 |
| 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): Market risk (Item 3), 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 · 2026-08-31
For the six months ended June 30, 2026 and 2025, we incurred net losses of $1,632,747 and $1,290,501, respectively. For the three months ended June 30, 2026 and 2025, we incurred net losses of $813,118 and $608,550, respectively. These higher losses during the periods in 2026 were mainly due to high…
During the first six months of 2026, revenues from oil and gas production increased $414,272 or 50.6%, to $1,232,774 from revenues of $818,502 during the first six months of 2025. This increase was mainly due to higher oil production volumes and higher oil commodity prices, partially offset by lower…
Oil and natural gas lease operating expenses increased by $349,218 or 71.6%, to $836,701 for the six months ended June 30, 2026, from $487,483 for the same period in 2025. For the second quarter of 2026, lease operating expenses increased $132,282 or 43.5%, to $436,420 from $304,138 for the same qua…
The aggregate of supervisory fees and other income was $10,725 and $15,119 for the six months ended June 30, 2026 and 2025, respectively, and $10,486 and $2,031 for the three months then ended. These differences were mainly due to the timing of the receipt of rental fees during the periods in 2026 a…
Depreciation, depletion and amortization expense was $210,141 for the six months ended June 30, 2026, compared to $115,480 for the same period in 2025, and $110,580 for the second quarter of 2026 compared to $42,262 for the second quarter of 2025. The depletion rate is calculated using production as…
Text removed vs the prior filing · source: 10-Q · 2026-08-31
For the three months ended March 31, 2026 and 2025, we incurred a net loss of $819,629 and $681,951, respectively. The difference was primarily due to a settlement recorded during the period in 2025 of approximately $105,000 from a vendor for an equipment failure during a workover.
During the first three months of 2026, revenues from oil and gas production increased $88,971 or 18.8%, to $563,119 from revenues of $474,148 during the first three months of 2025. This increase was mainly due to higher oil production volumes during the quarter in 2026. The net sales volume of oil a…
Oil and natural gas lease operating expenses increased by $216,936 or 118.3%, to $400,281 for the three months ended March 31, 2026, from $183,345 for the same period in 2025. This increase was partially due to a settlement recorded during the period in 2025 of $105,494 with a vendor due to an equip…
The aggregate of supervisory fees and other income was $239 and $13,088 for the three months ended March 31, 2026 and 2025, respectively, a decrease of $12,849 mainly due to higher rental income during the first quarter of 2025.
Depreciation, depletion and amortization expense was $99,561 for the three months ended March 31, 2026, compared to $73,218 for the same period in 2025. The depletion rate is calculated using production as a percentage of reserves. The increase in depletion expense was due to a decrease in expected …
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