ILXP — what changed in the latest 10-Q
A section-by-section comparison of ILXP'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 · 2026-08-07 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −12 | ~1 | 2 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~5 | 12 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
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): Legal proceedings, 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 · 2026-08-07
Operating expenses increased to $16,520 for the three months ended June 30, 2026, from $3,367 for the same period ended June 30, 2025. Operating expenses increased to $47,355 for the six months ended June 30, 2026, from $13,961 for the same period ended June 30, 2025. The increase in operating expen…
We had other expense of $4,082 for the three months ended June 30, 2026, as compared with other expenses of $2,411 for the three months ended June 30, 2025. We had other expense of $6,935 for the six months ended June 30, 2026, as compared with other expenses of $4,795 for the six months ended June …
We recorded a net loss of $20,602 for the three months ended June 30, 2026, as compared with a net loss of $5,778 for the three months ended June 30, 2025. We recorded a net loss of $54,290 for the six months ended June 30, 2026, as compared with a net loss of $18,756 for the six months ended June 3…
Going concern – The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $5,509,482 since its inception and r…
Operating activities used $47,539 in cash for the six months ended June 30, 2026, as compared with $15,094 used for the six months ended June 30, 2025. Our negative operating cash flows for 2026 and 2025 were largely the result of our net loss for those quarters, mainly offset by changes in operatin…
Text removed vs the prior filing · source: 10-Q · 2026-05-14
Operating expenses increased to $30,835 for the three months ended March 31, 2026, from $10,594 for the same period ended March 31, 2025.
Our operating expenses for all periods consisted mainly of professional fees and selling, general and administrative expenses. The increase in operating expenses was primarily a result of an increase in accounting fees during the three months ended March 31, 2026.
We had other expenses of $2,853 for the three months ended March 31, 2026, as compared with other expenses of $2,384 for the three months ended March 31, 2025.
Our other expense for the three months ended March 31, 2026 and 2025 consisted mainly of interest expense in the amount of $2,853 and $2,384, respectively. The increase in interest expense is the result of the Company issuing additional notes during 2026
We recorded a net loss of $33,688 for the three months ended March 31, 2026, as compared with a net loss of $12,978 for the three months ended March 31, 2025. The increase in net loss is the result of the factors discussed above.
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