FUST — what changed in the latest 10-Q
A section-by-section comparison of FUST'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 · 2026-07-31 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +8 | −6 | ~10 | 17 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 5 |
| 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 · 2026-07-31
For the three months ended June 30, 2026 and 2025, the Company recorded revenue of nil and 26,000, respectively. Our cost of revenue for the three months ended June 30, 2026 and 2025 was nil and nil. The decrease in revenue was due to no new order and consulting services provided.
The decrease in our operating expenses for the three months ended June 30, 2026, compared to the three months ended June 30, 2025, was mainly due to a decrease in personnel costs of $43,399, a decrease in professional fee of $21,201, a decrease in rent of $7,605, and a decrease in utility expense of…
Net cash used in operating activities for the nine months ended June 30, 2026 and 2025 was $115,787 and $205,912, respectively. For the nine months ended June 30, 2026, the net cash used in operating activities was mainly due to our net loss of $114,749 adjusted for a net decrease of $1,038 in chang…
Net cash used in operating activities for the nine months ended June 30, 2025 was mainly due to our net loss of $204,619 adjusted for a net decrease of $1,027 in operating assets and liabilities. The net decrease in changes in operating assets and liabilities was attributable primarily to an increas…
During the nine months ended June 30, 2026, and 2025, we did not have any investing activities.
Text removed vs the prior filing · source: 10-Q · 2026-05-13
For the three months ended March 31, 2026 and 2025, the Company had no revenue and cost of revenue.
The decrease in our operating expenses for the three months ended March 31, 2026, compared to the three months ended March 31, 2025, was mainly due to a decrease in personnel costs of $43,484, a decrease in rent of $7,605, a decrease in utility expense of $1,491, and a decrease in auto expense of $8…
Our cash used in operating activities for the six months ended March 31, 2026 and 2025 was $79,852 and $123,796, respectively. The decrease in cash outflow during the six months ended March 31, 2025 was mainly due to a decreased cash outflow resulted from a decrease in net loss after noncash adjustm…
During the six months ended March 31, 2026, and 2025, we did not have any investing activities.
Our cash provided by financing activities for the six months ended March 31, 2026 and 2025 was $70,504 and $97,334, respectively. For the six months ended March 31, 2026, cash provided by financing activities consisted of proceeds from loan payable of $68,857, and cash advance from CEO of $99,100 fo…
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