QSJC — what changed in the latest 10-Q
A section-by-section comparison of QSJC'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +15 | −10 | ~9 | 13 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 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), 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 · 2026-08-14
The following table sets forth key components of our results of operations during the six months ended June 30, 2026 and 2025.
We recognized no revenue for the six months ended June 30, 2026, representing a decrease of $163,830, or 100.0%, from the comparable period in 2025. The decrease was driven by a strategic shift in our business operations. Beginning in the second half of 2025, we reallocated resources from external s…
Cost of revenue was nil for the six months ended June 30, 2026 compared to $120,881 for the six months ended June 30, 2025. Cost of revenue primarily comprises cost of products sold. The decrease in cost of revenue by $120,881 or 100.0% was commensurate with the absence of revenue generated during t…
We incurred a gross profit of nil for the six months ended June 30, 2026, compared to gross profit of $42,949 for the six months ended June 30, 2025. Gross margin was not meaningful for the first half year of 2026 due to the lack of recognized revenue, compared to a gross margin of 26.2% for the com…
General and administrative expenses constituted the primary component of our operating expenses for the six months ended June 30, 2026, and 2025, amounting to $238,101 and $236,866, respectively. The increase of $1,235, or 0.5%, was primarily attributable to an increase in professional service fees.
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Our principal sources of liquidity and capital resources have been, and are expected to continue to be, cash advances from related parties. Our principal uses of cash have been, and we expect will continue to be, for working capital to support a reasonable increase in our scale of operations.
Management has estimated our projected cash requirements for future operations and available support from related parties and has concluded that we have, or will have access to, sufficient financial resources to meet our financial obligations as and when they fall due in the coming twelve months. Th…
As of March 31, 2026, we had cash and cash equivalents of $23,706. The following table provides detailed information about our net cash flows for the three months ended March 31, 2026 and 2025:
Effect of exchange rate changes on cash and cash equivalents 260 390
Net increase/(decrease) in cash and cash equivalents 6,468 (80,817)
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