BNET — what changed in the latest 10-Q
A section-by-section comparison of BNET'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 · 2026-05-15 vs the prior 10-Q · 2026-02-17
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +3 | −2 | ~41 | 46 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~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 · 2026-05-15
During the nine month ended March 31, 2025, the Company received net cash proceeds of $630,000 from notes payable.
As of March 31, 2026, the Company has debt obligations, including accrued interest, consisting of: a) deferred compensation of $1,255,000, b) convertible notes payable of $1,808,000, c) convertible bridge note payable of $482,000, d) notes payable related party of $467,000 and demand note of $26,000…
As of March 31, 2026, the Company had cash of approximately $44,000.
Text removed vs the prior filing · source: 10-Q · 2026-02-17
As of December 31, 2025, the Company has debt obligations, including accrued interest, consisting of: a) deferred compensation of $1,177,000, b) convertible notes payable of $1,494,000, c) convertible bridge note payable of $472,000, d) notes payable related party of $450,000 and demand note of $26,…
As of December 31, 2025, the Company had cash of approximately $6,000.
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