MSS — what changed in the latest 10-Q
A section-by-section comparison of MSS'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 · 2026-03-17 vs the prior 10-Q · 2025-12-22
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +9 | −9 | ~65 | 75 |
| Controls & procedures | Text added/removed | 0 | 0 | ~6 | 5 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| 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): Market risk (Item 3), 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 · 2026-03-17
The increase in operating expenses was primarily attributable to the increase in general and administrative expenses during the three months ended January 31, 2026 was primarily due to stock compensation expense increased by $0.8 million, increased bad debt expense by $1.9 million, increase office s…
Income tax expense (benefit) was $50,393 for the three months ended January 31, 2026, a decrease of $67,312 from income taxes benefit of $16,919 for the three months ended January 31, 2025.
Net cash provided by operating activities was approximately $911,790 for the nine months ended January 31, 2026, which mainly consisted of add-back of non-cash adjustments to net loss including depreciation and amortization expense of $661,001, unrealized loss on digital assets investment of $1,864,…
However, our net cash provided by operating activities for the nine months ended January 31, 2026 was offset by net loss of $11.8 million, deducting non-cash adjustments from net loss of $35,718, including gain on disposal of assets due to store closure of $11,543 and change in deferred taxes of $24…
On February 12, 2026, the Company and its insurance company entered into a settlement agreement to settle the above class actions for a total cash payment of $2,650,000. After applying insurance coverage, the Company’s portion of the settlement payment is $1,300,000.
Text removed vs the prior filing · source: 10-Q · 2025-12-22
Change in fair market value of derivative liability (273,990
The increase in operating expenses was primarily attributable to the increase in general and administrative expenses during the three months ended October 31, 2025 was primarily due to stock compensation expense increased by $1.1 million, which was partly offset by decreased professional expense by …
Income tax benefit was $88,676 for the three months ended October 31, 2025, a decrease of $649,661 from income taxes expense of $560,985 for the three months ended October 31, 2024. The decrease in income tax expense was mainly due to the net loss from Maison parent company, decreased taxable income…
On October 4, 2023, we entered into an Underwriting Agreement with Joseph Stone Capital, LLC in connection with the Company’s initial public offering (the “IPO”) of 2,500,000 shares of Class A common stock, par value $0.0001, at a price of $4.00 per share, less underwriting discounts and commissions…
On November 22, 2023, we entered into certain securities purchase agreements (the “Securities Purchase Agreements”) with certain investors (the “PIPE Investors”). Pursuant to the Securities Purchase Agreements, we sold an aggregate of 1,190,476 shares of the Company’s Class A common stock, par value…
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