SVMB — what changed in the latest 10-Q
A section-by-section comparison of SVMB'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 · 2026-10-14 vs the prior 10-Q · 2026-07-20
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −11 | ~10 | 57 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| 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 · 2026-10-14
During the three months ended August 31, 2026, the Company incurred $186,661 in cost of revenues for parking fee compared to $324,856 for the three months ended August 31, 2025. Cost of revenue for parking fee mainly consisted of depreciation, salary and professional fee. The decrease in cost of rev…
Gross profit was $69,532 for the three months ended August 31, 2026 compared to gross profit of $64,847 for the three months ended August 31, 2025. The increase in gross profit was mainly contributed by the decrease in cost of revenue.
During the three months ended August 31, 2026, we incurred selling and marketing expenses of $35,555 compared to $32,135 for the three months ended August 31, 2025. Selling and marketing expenses for the three months ended August 31, 2026 and 2025 mainly included salary expenses, hospitality expense…
During the three months ended August 31, 2026, we incurred general and administrative expenses of $473,621 compared to $743,648 incurred during the three months ended August 31, 2025. General and administrative expenses incurred during the three months ended August 31, 2026 and 2025 mainly consisted…
During the three months ended August 31, 2026, we incurred research and development expenses of $48,807 compared to $60,605 for the three months ended August 31, 2025. Research and development expenses mainly included salary expenses and depreciation expenses. The decrease in research and developmen…
Text removed vs the prior filing · source: 10-Q · 2026-07-20
The Company generated nil in revenues from winery sales during the three months ended May 31, 2026 compared to $64,653 during the year ended May 31, 2025. The decrease in revenue from winery sales was mainly due to the demand in winery market has declined.
During the three months ended May 31, 2026, the Company incurred $192,062 in cost of revenues for parking fee compared to $275,241 for the three months ended May 31, 2025. Cost of revenue for parking fee mainly consisted of depreciation, salary and professional fee. The decrease in cost of revenues …
During the three months ended May 31, 2026, the Company incurred nil in cost of revenues compared to $58,736 for the three months ended May 31, 2025. The decrease in cost of revenue for winery sales was mainly due to the market condition and the reduction of the winery sales.
Gross profit was $89,520 for the three months ended May 31, 2026 compared to gross profit of $127,653 for the three months ended May 31, 2025. The decrease in gross profit was mainly contributed by the decrease in cost of revenue.
During the three months ended May 31, 2026, we incurred selling and marketing expenses of $65,656 compared to $22,956 for the three months ended May 31, 2025. Selling and marketing expenses for the three months ended May 31, 2026 and 2025 mainly included salary expenses, hospitality expenses. The in…
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