SRCO — what changed in the latest 10-Q
A section-by-section comparison of SRCO'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 · 2026-09-21 vs the prior 10-Q · 2026-03-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −18 | ~9 | 34 |
| Controls & procedures | Text added/removed | 0 | 0 | ~8 | 4 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | 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), 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 · 2026-09-21
Revenues totaled $47,698 for the three months ended July 31, 2026, compared to $96,688 for the three months ended July 31, 2025. Revenues decreased by $48,990 or 51% due primarily to a decrease in merchant financing fees.
Operating expenses were $496,870 during the three months ended July 31, 2026, compared to $367,549 during the three months ended July 31, 2025, an increase of $129,321, or 35% primarily due to an increase in compensation and related costs of $63,058, general office expense of $6,904, and provision f…
As of July 31, 2026, we had an accumulated deficit of $72,289,995 and a total stockholders’ deficit of $13,589,446. The net cash flow used by operations was $233,393 for the three months ended July 31, 2026. This deficit results primarily from our net loss of $535,277 an increase in loans receivable…
We met our cash requirements during the period through revenue of $47,698 and proceed from the sale of common shares of $60,000 and proceed from convertible notes $110,000.
We do not anticipate incurring significant research and development expenditures, and we do not anticipate the sale or acquisition of any significant property, plant or equipment, during the next twelve months. At July 31, 2026, we had 4 full-time employees and three part-time employees. If we fully…
Text removed vs the prior filing · source: 10-Q · 2026-03-23
Revenues totaled $92,162 for the three months ended January 31, 2026, compared to $78,998 for the three months ended January 31, 2025. Revenues were up by $13,164 or 17% due primarily to an increase in merchant financing fees.
Operating expenses were $294,889 during the three months ended January 31, 2026, compared to $257,270 during the three months ended January 31, 2025, an increase of $37,619, or 15% primarily due to an increase in compensation and related costs of $59,780 offset by a decrease in consulting fees of $1…
Below is a summary of the results of operations for the nine months ended January 31, 2026, and 2025.
Revenues totaled $288,157 for the nine months ended January 31, 2026, compared to $168,357 for the nine months ended January 31, 2026. Revenues were up by $119,800 or 71% due primarily to an increase in merchant financing fees.
The cost of revenue consists of costs and fees paid to third parties to construct and maintain mobile apps, as well as fees for subscription services related to vehicle history reports.
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