SPRS — what changed in the latest 10-Q
A section-by-section comparison of SPRS'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 · 2026-07-14 vs the prior 10-Q · 2026-04-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −6 | ~10 | 11 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
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, 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 · 2026-07-14
Selling and shipping expenses for the six months ended May 31, 2026 was $1,722,191, an increase of $389,972, or 29.3%, as compared to $1,332,219 for six months ended May 31, 2025. Selling and shipping expenses for the three months ended May 31, 2026 was $888,011, an increase of $209,159, or 30.8%, a…
General and administrative expenses for the six months ended May 31, 2026 was $3,259,082, a decrease of $49,621, or 1.5% as compared to $3,308,703 for the six months ended May 31, 2025. General and administrative expenses for the three months ended May 31, 2026 was $1,537,804, a decrease of $391,637…
Other income for the six months ended May 31, 2026 was $212,734, an increase of $29,404 as compared to $183,330 for the six months ended May 31, 2025. Other income for the three months ended May 31, 2026 was $108,437, an increase of $50,073 as compared to $58,364 for the three months ended May 31, 2…
Tax expense for the six months ended May 31, 2026 was $143,290, an increase of $77,176 as compared to a tax expense of $66,114 for the six months ended May 31, 2025. Tax expense for the three months ended May 31, 2026 was $162,558, an increase of $161,510 as compared to a tax expense of $1,048 for t…
As a result of the foregoing, the net income for the six months ended May 31, 2026 was $370,283, compared to a net income of $175,320 for the six months ended May 31, 2025. The net income for the three months ended May 31, 2026 was $404,558, compared to a net income of $117,964 for the three months …
Text removed vs the prior filing · source: 10-Q · 2026-04-14
Selling and shipping expenses for the three months ended February 28, 2026 was $834,180, an increase of $180,813, or 27.7%, as compared to $653,367 for three months ended February 28, 2025. We attribute the increase to increases in selling expenses such as commission expenses and sales payroll, due …
General and administrative expenses for the three months ended February 28, 2026 was $1,721,278, an increase of $342,016, or 24.8%, as compared to $1,379,262 for the three months ended February 28, 2025. The increase is due primarily to increases in salaries and related payroll tax due to the hiring…
Other income for the three months ended February 28, 2026 was $104,297, a decrease of $20,669 as compared to $124,966 for the three months ended February 28, 2025. We attribute the decrease to a reduction in income from investment in bonds and notes issued by the United States Treasury.
Tax expense for the three months ended February 28, 2026 was $(19,268), a decrease of $84,334 as compared to a tax expense of $65,066 for the three months ended February 28, 2025. The changes result from our decrease in net income for the fiscal 2026 period.
As a result of the foregoing, the net loss for the three months ended February 28, 2026 was $(34,275), compared to a net income of $57,356 for the three months ended February 28, 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