SITS — what changed in the latest 10-Q
A section-by-section comparison of SITS'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 · 2024-01-11 vs the prior 10-Q · 2023-12-22
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −8 | ~1 | 2 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 10 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 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): 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 · 2024-01-11
The Company had revenues of $409,057 for the nine months ended September 30, 2016, compared to $727,680 for the nine months ended September 30, 2015. Our costs of services were $88,016 and $464,689 for the periods ended September 30, 2016 and September 30, 2015, respectively.
Our operating expenses were $238,046 in the nine months ended September 30, 2016, and consisted of profession fees of $1,500, wages of $90,742 and general and administrative expenses of $145,804. In the nine months ended September 30, 2015, our operating expenses were $247,951, and consisted of wage…
Our interest expense was $23,658 for the nine months ended September 30, 2016 compared to $34,415 in the nine months ended September 30, 2015.
Our net profit for the nine months ended September 30, 2016, was $59,337 compared to a net loss of $19,375 for nine months ended September 30, 2015.
We generated positive cash flows from operating activities of $25,297 for the nine months ended September 30, 2016. Cash flows used in operating activities for the nine months ended September 30, 2015 were $14,867.
Text removed vs the prior filing · source: 10-Q · 2023-12-22
Our operating expenses were $132,142 in the three months ended June 30, 2016, and consisted of wages of $47,905 and general and administrative expenses of $84,237. In the three months ended June 30, 2015, our operating expenses were $60,375, and consisted of wages of $15,300, consulting fees of $8,0…
Our interest expense was $23,658 for the three months ended June 30, 2016 compared to $7,716 in the three months ended June 30, 2015.
For six months ended June 30, 2016, compared to six months ended June 30, 2015.
Our operating expenses were $132,142 in the six months ended June 30, 2016, and consisted of wages of $47,905 and general and administrative expenses of $84,237. In the six months ended June 30, 2015, our operating expenses were $130,498, and consisted of wages of $24,535, consulting fees of $30,572…
Our interest expense was $23,658 for the six months ended June 30, 2016 compared to $26,687 in the six months ended June 30, 2015.
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