INLX — what changed in the latest 10-Q
A section-by-section comparison of INLX'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 · 2026-08-12 vs the prior 10-Q · 2026-05-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −20 | ~17 | 17 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 4 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~2 | 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
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 · 2026-08-12
● Operating expenses (excluding cost of revenues) were $3,709,046, an increase of 14.7% year over year. This amount includes share-based compensation expense of $657,458, which is an increase of $228,770 compared to the second quarter 2025.
● Loss from operations was $1,090,059, compared to loss from operations of $508,478 in second quarter 2025.
● Net loss was $1,086,138 with basic and diluted net loss per share of $0.24, compared to net loss of $567,590 with basic and diluted net loss per share of $0.13 in the second quarter 2025.
● Operating cash generated was $42,339, compared to operating cash generated of $276,190 in second quarter 2025.
● Investing activities, including both capitalization of internal use software and purchases of property and equipment, were $149,260, compared to $247,970 in second quarter 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-14
● Gross profit percentage was 63.5%, compared to 66.6% in the first quarter 2025.
● Operating expenses (excluding cost of revenues) were $3,664,611, an increase of 4.4% year over year.
● Loss from operations was $1,182,552, compared to loss from operations of $684,559 in the first quarter 2025.
● Net loss was $1,177,853 with basic and diluted net loss per share of $0.27, compared to net loss of $727,565 with basic and diluted net loss per share of $0.17 in the first quarter 2025.
● Net cash used in operating activities was $228,433, compared to $27,053 used in operations in the first quarter 2025.
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