RPMT — what changed in the latest 10-Q
A section-by-section comparison of RPMT'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 · 2026-05-20 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −16 | ~13 | 42 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | +5 | −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): 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 · 2026-05-20
For the three months ended March 31, 2026 and 2025, we generated revenues of $11,750 and $0. Revenues for the three months ended March, 31, 2026 were generated from business-to-business, SaaS subscriptions associated with the rollout of the Platform.
Accrued preferred dividend expense decreased by $32,650 to $671,950 for the three months ended March 31, 2026 compared to $704,600 for the three months ended March 31, 2025. The expense decreased due to the reversal of a prior period over-accrual that was adjusted during the three months ended March…
Net cash used in operating activities decreased $600,561 to $793,437 for the three months ended March 31, 2026 as compared to $1,393,998 for the three months ended March 31, 2025. The decrease resulted primarily from the change in the fair value of options issued in exchange for services which was p…
Net cash provided by financing activities increased by $720,000 for the three months ended March 31, 2026 as compared to $0 for the three months ended March 31, 2025. This increase was due to the proceeds received from the sale of notes payable-other and the proceeds received from the sale of 10% se…
As we have not realized significant revenues since our inception, we have financed our operations through offerings of debt and equity securities. On March 13, 2023, the Company entered into a $20 million Investor Private Line of Credit agreement (the “LOC”) with an existing shareholder of the Compa…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
We have not generated significant revenue since our inception. For the three months ended September 30, 2025 and 2024, we generated revenues of $0 and $0.
Accrued preferred dividend expense increased by $2,992 to $707,591 for the three months ended September 30, 2025 compared to $704,599 for the three months ended September 30, 2024.
Comparison of the Nine months ended September 30, 2025 and 2024
The following discussion analyzes our results of operations for the nine months ended September 30, 2025 and 2024. The following information should be considered together with our condensed financial statements for such periods and the accompanying notes thereto.
We have not generated significant revenue since our inception. For the nine months ended September 30, 2025 and 2024, we generated revenues of $0 and $0.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-20
On May 15, 2026, Gerald Hannahs resigned from his position as a member of the Board of Directors, of Rego Payment Architectures, Inc. Mr. Hannahs’ resignation from the Board of Directors was not the result of any disagreement with the Company as referenced in Item 5.02(a) of Form 8-K.
On May 15, 2026, Rego Payment Architectures, Inc. (the “Company”) appointed Joseph R. Toczydlowski to the Board of Directors (the “Board”), effective immediately. There are no arrangements or understandings between Mr. Toczydlowski and any other persons pursuant to which he was elected as a director…
Mr. Toczydlowski, age 56, was appointed the Chief Financial Officer of the Company in August 2022. Mr. Toczydlowski has held various financial positions at Sculptz, Inc. since 1998, most recently as Chief Financial Officer since April 2011. His other areas of expertise include taxation, business ana…
No director or officer of the Company adopted or terminated a Rule 10b5-1 trading arrangement and/or a non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408(a) of Regulation S-K) during the quarter ended March 31, 2026.
During the three months ended March 31, 2026, the Company issued $245,000 aggregate principal amount of Notes Payable - Other in a private placement to certain accredited investors. Each of the foregoing issuances were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 193…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
No director or officer of the Company adopted or terminated a Rule 10b5-1 trading arrangement and/or a non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408(a) of Regulation S-K) during the quarter ended September 30, 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