INACR — what changed in the latest 10-Q
A section-by-section comparison of INACR'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 · 2026-05-11 vs the prior 10-Q · 2025-11-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +3 | −5 | ~8 | 9 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| 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), Legal proceedings, Risk factors
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 · 2026-05-11
For the three months ended March 31, 2026, we had a net income of $873,606, which consists of interest income of $1,035,981 offset by formation and operating costs of $162,375.
For the three months ended March 31, 2025, we had a net loss of $134,620, which consists of share compensation expense of $108,750 and formation and operating costs of $25,870.
For the three months ended March 31, 2025, cash used in operating activities was $25,870. Net loss of $134,620 was affected by payment of compensation expense to directors of $108,750.
Text removed vs the prior filing · source: 10-Q · 2025-11-13
For the three months ended September 30, 2025, we had a net income of $1,013,198, which consists of formation and operating costs of $152,601, offset by other income from change on overallotment liability of $587 and interest income of $1,165,212.
For the nine months ended September 30, 2025, we had a net income of $815,689, which consists of share based compensation expense of $108,750 and formation and operating costs of $241,360, offset by interest income of $1,165,212 and by other income from change on overallotment liability of $587.
For the three months ended September 30, 2024, we had no income or loss.
For the period from June 7, 2024 (inception) through September 30, 2024, we had a net loss of $16,532, which consists of formation and operating costs.
For the period from June 7, 2024 (inception) through September 30, 2024, cash used in operating activities was $10,000. Net loss of $16,532 was affected by payment of formation costs through issuance of ordinary shares of $5,000. Changes in operating assets and liabilities used $1,532 of cash for op…
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