SCDA — what changed in the latest 10-Q
A section-by-section comparison of SCDA'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 · 2016-06-14 vs the prior 10-Q · 2016-03-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −14 | ~7 | 34 |
| Controls & procedures | Text added/removed | 0 | 0 | ~6 | 4 |
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, Risk factors, 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 · 2016-06-14
We enter into revenue arrangements in which a customer may purchase a combination of software, maintenance and support, and professional services (multiple-element arrangements). When vendor-specific objective evidence (“VSOE”) of fair value exists for all elements, we allocate revenue to each eleme…
VSOE of fair value is established by the price charged when that element is sold separately. For maintenance and support, VSOE of fair value is established by renewal rates, when they are sold separately. For arrangements where VSOE of fair value exists only for the undelivered elements, we defer th…
Our revenues for the three months ended April 30, 2016 amounted to $380,358 compared to six months ended 2015 revenues of $504,050, a decrease of $123,692 (25%). The primary decline in revenue is due to losses in the petrochemical sector which has been well documented in previous quarters. In fiscal…
Technology licensing and support costs consist of payroll and related expenses. Technology licensing and support costs amounted to $0 in the three months ended April 30, 2016 compared to $32,646 in the three months ended April 30, 2015, a decrease of $32,646 (100%). The decrease was due to the loss …
As a percentage of technology licensing and support revenues the related costs decreased to 0% in fiscal 2016 as compared to 8% of such revenues in fiscal 2015. The decrease to zero was due to the loss in the petrochemical sector for technology license support.
Text removed vs the prior filing · source: 10-Q · 2016-03-14
We enter into revenue arrangements in which a customer may purchase a combination of software, maintenance and support, and professional services (multiple-element arrangements). When vendor-specific objective evidence (“VSOE”) of fair value exists for all elements, we allocate revenue to each eleme…
Our revenues for the three months ended January 31, 2016 amounted to $404,182 compared to fiscal 2015 revenues of $496,144, a decrease of $91,962 (19%). The primary decline in revenue is due to losses in the petrochemical sector. In fiscal 2016, we had a decrease in technology licensing revenues $94…
Our cloud based services are now generating recurring revenue in a SaaS model. Deployments include cloud based monitoring of data centers, boilers and generators. The system is also being used for building automation for monitoring temperature and water detection. Another project that may come on li…
Our line of wireless sensors was to move into manufacturing, with a target completion date of March 31. Testing of the units and feedback from our system integrators indicated that the current range of the units (100-400ft) may not be adequate for many applications. The communications of the units a…
Technology licensing and support costs consist of payroll and related expenses. Technology licensing and support costs amounted to $0 in the three months ended January 31, 2016 compared to $40,880 in the three months ended January 31, 2015 a decrease of $40,880 (100%). The decrease was due to the lo…
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