OMTK — what changed in the latest 10-Q
A section-by-section comparison of OMTK'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 · 2026-08-19 vs the prior 10-Q · 2026-05-20
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −8 | ~5 | 11 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | Text added/removed | 0 | −2 | 0 | 1 |
| Other information | Text added/removed | +2 | −1 | 0 | 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): 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 · 2026-08-19
Total cost of goods sold was $173,139 for the three months period ended June 30, 2026 compared with $383,656 for the three months period ended June 30, 2025, a decrease of $210,517. Gross margin as a percentage of sales was 43% for the three months period ended June 30, 2026, compared with 37% for t…
Revenues decreased to $461,836 for the six months period ended June 30, 2026 from $965,153 for the six months period ended June 30, 2025, a decrease of $503,317 or 52%. The decrease in revenue is primarily contributed to the timing of order shipments and disruption in operations during the move to o…
Total cost of goods sold was $248,122 for the six months period ended June 30, 2026 and $602,434 for the six months period ended June 30, 2025, a decrease of $354,312. Gross margin as a percentage of sales was 46% for the six months period ended June 30, 2026, and 38% for the six months period ended…
Our operating expenses for the six months period ended June 30, 2026 were $304,391 compared to $319,579 the six months period ended June 30, 2025, an decrease of $15,188. General and administrative expense for the six months period ended June 30, 2026 were $266,796 compared with $282,346 for the six…
Results for the six months period ended June 30, 2026 reflect the impact of non-cash expenses, including the value of options granted in the amount of $694 and depreciation and amortization of $1,928. For the six-month period ended June 30, 2025, non-cash expenses included the value of options grant…
Text removed vs the prior filing · source: 10-Q · 2026-05-20
Gross margin as a percentage of sales for the three months ended March 31, 2026, was 52%, compared with 39% for the three months ended March 31, 2025.
Our primary sources of liquidity are cash provided by financing activities and available working capital. Additionally, from time to time, we may raise funds from the equity capital markets to fund our research and development programs, expansion of our business and general operations.
At March 31, 2026, our current liabilities totaled $1,827,897 and our current assets totaled $849,769, resulting in negative working capital of $978,128.
We have no firm commitments or obligations for capital expenditures. However, substantial discretionary expenditures may be required to enable us to conduct existing and planned product research, design, development, manufacturing, marketing and distribution of our products. We may need to raise add…
We have historically incurred significant losses, which have resulted in a total accumulated deficit of $21,822,429 at March 31, 2026.
Legal proceedings
Text removed vs the prior filing · source: 10-Q · 2026-05-20
On September 16, 2022 the Company received a Summons and was named as a cross-defendant in the matter of Olson-Ecologic Engine Testing Laboratories, LLC -v- Michael Naylor, Omnitek Engineering Corp., and Moto Concerto, Inc., filed in the Superior Court of the State of California, County of Orange, C…
On November 18, 2025, the above matter was settled out of court. Pursuant to the Settlement agreement, Omnitek will pay to Plaintiff, Olson-Ecologic, the sum of $13,872.97 in six equal monthly payments commencing December 2025, and will in exchange take back certain engine parts of equal value. Omni…
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-19
On June 3, 2026, options to acquire 200,000 shares of common stock expired.
Effective April 28, 2026, the Company entered into a lease for the premises located at 1280 Activity Drive Unit D, Vista, California, consisting of approximately 7,222 square feet of rentable area. The lease commences July 1, 2026 and expires on September 30, 2031. The monthly base rent under the le…
Text removed vs the prior filing · source: 10-Q · 2026-05-20
Effective April 27, 2026, the Company entered into a lease for the premises located at 1280 Activity Drive Unit D, Vista, California, consisting of approximately 7,222 square feet of rentable area. The lease commences July 1, 2026 and expires on September 30, 2031. The monthly base rent under the le…
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