ADMG — what changed in the latest 10-Q
A section-by-section comparison of ADMG'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 · 2023-11-20 vs the prior 10-Q · 2023-08-21
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −11 | ~2 | 9 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +16 | −8 | ~1 | 0 |
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)
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 · 2023-11-20
On July 1, 2023, the Company entered into an agreement to acquire Parks Amusements, LLC, a limited liability company organized in the State of Missouri. Parks Amusements, LLC is the operator of family entertainment venues. The agreement calls for the issuance of a total of 70,000,000 shares of our c…
On November 1, 2023, the Company and Parks Amusements LLC and its members amended the July 1, 2023 acquisition agreement (the “Agreement”) to make the following provisions:
1.The closing of the Transaction (the “Closing”) shall take place at such location at such time as the parties may so agree, but no later than December 31, 2023, unless further extended; and provided that (i) the membership units of PARKS have been effectively transferred to ADMG in accordance with …
2.The Signature Page of the Agreement shall be amended to reflect ownership of the Membership Units as follows, which accurately reflects the current ownership of the Membership Units of PARKS:
“Nicholas Parks -3,200,000 Membership Units, Brooke Parks – 3,200,000 Membership Units, 5 Parts Investments, LLC – 600,000 Membership Units
Text removed vs the prior filing · source: 10-Q · 2023-08-21
Operating expenses were $32,118 for the six months ended June 30, 2023, compared to $49,401 for the six months ended June 30, 2022, a decrease of $17,283, primarily as a result of the decrease in professional fees for SEC filings.
Operating expenses were $21,768 for the three months ended June 30, 2023, compared to $15,149 for the three months ended June 30, 2022, a decrease of $6,619, fees for professional services, including legal fees and transfer agent fees increase slightly as the Company entered into agreements related …
As of June 30, 2023, and December 31, 2022, cash and equivalents and restricted cash were $0, respectively. At June 30, 2023, we had negative working capital.
Net cash used in operating activities was $24,740 and $67,706 for the six months ended June 30, 2023 and 2022, respectively. The decrease in the cash outflow from operating activities for the six months ended June 30, 2023 was mainly due to a reduction of expenses in the six-month period ended June …
Net cash used in investing activities was $0 for the six months ended June 30, 2023 and 2022, respectively.
Other information
Text added vs the prior filing · source: 10-Q · 2023-11-20
On November 1, 2023, the Company and Parks Amusements LLC and their members amended the acquisition agreement to make the following provisions:
1.The closing of the Transaction (the “Closing”) shall take place at such location at such time as the parties may so agree, but no later than December 31, 2023, unless further extended; and provided that (i) the membership units of PARKS have been effectively transferred to ADMG in accordance with …
2.The Signature Page of the Agreement shall be amended to reflect ownership of the Membership Units as follows, which accurately reflects the current ownership of the Membership Units of PARKS:
“Nicholas Parks -3,200,000 Membership Units, Brooke Parks – 3,200,000 Membership Units, 5 Parts Investments, LLC – 600,000 Membership Units
3.Schedule A to the Agreement shall be amended to state as follows:
Text removed vs the prior filing · source: 10-Q · 2023-08-21
Effective July 1, 2023, the Company entered an agreement for services with Global Public Strategies Inc. (“GPS”), a company incorporated in the State of Idaho, whose managing director is Dr. Larry Eastland, a director of the Company. Under the agreement, GPS or their assigns will receive a total of …
i. 1,000,000 options for common shares on the first anniversary of this Agreement at $0.10 per share;
ii. 1,000,000 options for common shares on the second anniversary of this Agreement at $0.15 per share;
iii. 1,000,000 options for common shares on the third anniversary of this Agreement at $0.20 per share; and,
iv. 1,000,000 options for common shares on the fourth anniversary of this Agreement at $0.20 per share.
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