XESP — what changed in the latest 10-Q
A section-by-section comparison of XESP'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 · 2026-08-13 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −3 | ~5 | 13 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| 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): Market risk (Item 3), 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 · 2026-08-13
Results of Operation for the Six Months Ended June 30, 2026 and 2025
For the six months ended June 30, 2026, the Company had revenues of nil. In comparison, for the six months ended June 30, 2025, the Company had revenues of nil.
Operating expenses were $120,450 for the six months ended June 30, 2026, consisting of $11,636 of general and administrative expense, $66,330 of professional fees, and $42,484 of non-cash stock-based compensation expense for the issuance of warrants. In comparison, for the six months ended June 30, …
During the six months ended June 30, 2026, the Company used $62,253 of cash in operating activities. The Company did not use or generate any cash in financing or investing activities.
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company generated revenues of nil during the six months ended June 30, 2026 an…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
During the three months ended March 31, 2026, the Company used $18,723 of cash in operating activities. The Company did not use or generate any cash in financing or investing activities.
The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company generated revenues of nil during the three months ended March 31, 2026…
The Company used $18,723 of cash from operations for the three months ended March 31, 2026. Net cash used in financing and operating activities for the three months ended March 31, 2026 was nil.
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