ADMQ — what changed in the latest 10-Q
A section-by-section comparison of ADMQ'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 | +13 | −7 | ~3 | 9 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 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 · 2026-08-14
Our revenue was $1,307,924 for the three months ended June 30, 2026, compared to $1,173,827 for the three months ended June 30, 2025, resulting in an increase of $134,097, or 11.4%, between the periods. The increase was due to new customer sales. This is a direct result of our new location’s increas…
Direct costs of revenues were $859,960 and $799,484 for the three months ended June 30, 2026, and 2025, respectively, resulting in an increase of $60,476, or 7.6%, between the periods. The increase in direct costs of revenue is a normal biproduct of our increased revenue in the most recent comparati…
General and administrative expenses were $398,792 for the three months ended June 30, 2026, compared to $427,538 for the same period in 2025, resulting in a decrease of $28,746, or 6.7%, between the periods. The decrease was due to the consolidation of our operations into our new location and operat…
Our revenue was $2,332,544 for the six months ended June 30, 2026, compared to $ 2,100,363 for the six months ended June 30, 2025, resulting in an increase of $232,181, or 11.1%, between the periods. The increase was due to new customer sales. This is a direct result of our new location’s increased …
Direct costs of revenues were $1,645,483 and $ 1,523,798 for the six months ended June 30, 2026, and 2025, respectively, resulting in an increase of $121,685, or 8.0%, between the periods. The increase in direct costs of revenue is a normal biproduct of our increased revenue in the most recent compa…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Our revenue was $1,024,620 for the three months ended March 31, 2026, compared to $926,732 for the three months ended March 31, 2025, resulting in an increase of $98,084, or 10.6%, between the periods. The increase was primarily due to a 27% increase in Q1 embroidery sales revenue.
Direct costs of revenues were $785,523 and $724,314 for the three months ended March 31, 2026, and 2025, respectively, resulting in an increase of $61,209, or 8.45%, between the periods. Direct costs increased due to increase in sales and tariffs fees. The gross margin increased from 21.8% during th…
General and administrative expenses were $383,315 for the three months ended March 31, 2026, compared to $343,371for the same period in 2025, resulting in an increase of $39,944, or 11.6%, between the periods. General and administrative expenses increased due to the expense of moving from our old fa…
Liquidity and Capital Resources during the three months ended March 31, 2026, compared to the three months ended March 31, 2025
We had cash used in operations of $201,594 for the three months ended March 31, 2026, compared to cash provided by operations of $364,421 for the three months ended March 31, 2025. The decrease in positive cash flow from operating activities for the three months ended March 31, 2026, was primarily a…
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