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Form 10-Q A - Digitalapps

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The document is an amendment (Form 10-Q/A) filed by Secured Digital Applications Inc. with the SEC, detailing the company's financial performance for the quarter ending September 30, 2008. It includes unaudited financial statements, management's discussion and analysis, and disclosures about market risks and internal controls. The amendment updates previously filed reports to include reviewed financial statements by an independent accounting firm, clarifying that there are no material changes to prior filings. The company reports increased revenues primarily from multimedia production and consulting services, alongside details on stockholder equity and recent transactions involving preferred stock.

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What is required for Form 10-Q?

Form 10-Q contains financial statements, management discussion and analysis, disclosures, and internal controls for the previous quarter. Companies must file their 10-Qs 40 or 45 days after the end of their quarters, depending on the size of their public float.

Are 10 Qs mandatory?

In addition to the 10-K, which is filed annually, a company is also required to file quarterly reports on Form 10-Q. Information for the final quarter of a firms fiscal year is included in the annual 10-K, so only three 10-Q filings are made each year.

What is the difference between a Form 10-K and a Form 10-Q?

While 10K reports are due annually and must include audited financial statements, 10Q reports are due quarterly, three times a year, and include unaudited financial statements. 10Q filings provide shareholders and the public an on-going update on a companys performance over the year.

What to look for in 10-Q?

For most investors and reporters, the heart of the 10-Q is the Financial Statements, a section which includes the balance sheet, the income statement and the statement of cash flow. Its a quick snapshot of the companys financial health.

Where can I find 10-Q reports?

The Form 10-Q includes unaudited financial statements and provides a continuing view of the companys financial position during the year. The report must be filed for each of the first three fiscal quarters of the companys fiscal year. Youll find a companys Form 10-Q filings in the SECs EDGAR database.

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