VSTD — what changed in the latest 10-Q
A section-by-section comparison of VSTD'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 · 2025-08-20 vs the prior 10-Q · 2025-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +12 | −13 | ~7 | 34 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 4 |
| Other information | 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): 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 · 2025-08-20
Labor. Labor expense was $3.33 million for the six months ended June 30, 2025, compared to $2.78 million in the prior year period, an increase of approximately $548 thousand, or 19.7 percent. The increase was primarily attributable to the addition of staffing costs from the three newly acquired Las …
Rent and utilities. Rent and utilities expense was $1.13 million for the six months ended June 30, 2025, compared to $769 thousand in the prior year period, an increase of approximately $364 thousand, or 47.3 percent. The increase was primarily due to the addition of lease expenses from the three ne…
Delivery and service fees. Delivery and service fees were $307 thousand for the six months ended June 30, 2025, compared to $281 thousand in the prior year period, an increase of approximately $26 thousand, or 9.2%. The increase was primarily attributable to higher overall sales volumes, including c…
Depreciation and amortization expenses. Depreciation and amortization expense was $479 thousand for the six months ended June 30, 2025, compared to $350 thousand in the prior year period, an increase of approximately $129 thousand, or 36.6 percent. The increase was primarily due to depreciation on f…
General and administrative expenses. General and administrative expense was $2.53 million for the six months ended June 30, 2025, compared to $2.01 million in the prior year period, an increase of approximately $519 thousand, or 25.8 percent. The increase was primarily due to higher corporate overhe…
Text removed vs the prior filing · source: 10-Q · 2025-05-15
Labor. Labor and related costs were approximately $1.6 million for the three months ended March 31, 2025 compared to $1.3 million for the three months ended March 31, 2024, representing an increase of approximately $0.3 million, or 21.1%. The increase in costs was largely driven by additional labor …
Rent and utilities. Rent and utilities expenses were approximately $557 thousand for the three months ended March 31, 2025 compared to $319 thousand for the three months ended March 31, 2024, representing an increase of approximately $238 thousand, or 74.8%. The increase was primarily a result of th…
Delivery and service fees. Delivery and service fees incurred were approximately $130 thousand for the three months ended March 31, 2025 compared to $143 thousand for the three months ended March 31, 2024, representing a decrease of approximately $14 thousand or 9.6%, primarily due to a decrease in …
Depreciation and amortization expenses. . Depreciation and amortization expenses incurred were approximately $171 thousand for the three months ended March 31, 2024 compared to $227 thousand for the three months ended March 31, 2025, representing an increase of approximately $56 thousand, or 33.0%. …
General and administrative expenses. General and administrative expenses were approximately $1.3 million for the three months ended March 31, 2025 compared to $0.9 million for the three months ended March 31, 2024, representing an increase of approximately $0.4 million or 37.5%. This increase in gen…
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