What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2021-05-04 compared with 2020-11-05 · 99 added, 169 removed, 524 unchanged (34% of the section changed)

1 unchanged sentence

iShares S&P GSCI ™

Commodity-Indexed Trust

Statements of Assets and Liabilities (Unaudited)

At September 30, 2020 and December 31, 2019

September 30,

At March 31, 2021 and December 31, 2020

$ 2,465,773  

10 unchanged sentences

838,926,125  

Liabilities  

Sponsor’s fees payable

3 unchanged sentences

11,072,297  

Payable for variation margin on open futures contracts (Note 9)  

3,683,488  

18 unchanged sentences

iShares S&P GSCI ™

Commodity-Indexed Trust

Statements of Operations (Unaudited)

For the three and nine months ended September 30, 2020 and 2019

For the three months ended March 31, 2021 and 2020

Three Months Ended

September 30,

Nine Months Ended

September 30,  

Investment Income

14 unchanged sentences

Futures contracts

( 145,592,464

Net change in unrealized appreciation/depreciation

( 144,962,309

Net realized and unrealized gain (loss)

6 unchanged sentences

iShares S&P GSCI ™

Commodity-Indexed Trust

Statements of Changes in Net Assets (Unaudited)

For the three, six and nine months ended September 30, 2020

Nine Months Ended

September 30, 2020

For the three months ended March 31, 2021

Three Months Ended

March 31, 2021

Net Assets at December 31, 2020

Net investment income

Net realized loss

( 224,167,336

Net change in unrealized appreciation/depreciation

( 144,962,309

Net decrease in net assets resulting from operations

( 368,101,390

Capital Share Transactions:

Contributions for Shares issued

Distributions for Shares redeemed

Net increase in net assets from capital share transactions

Decrease in net assets

( 273,796,349

Net Assets at March 31, 2020

Net investment loss

Net realized loss

Net change in unrealized appreciation/depreciation

Net increase in net assets resulting from operations

Capital Share Transactions:

Contributions for Shares issued

Distributions for Shares redeemed

Net increase in net assets from capital share transactions

Increase in net assets

Net Assets at June 30, 2020

Net investment loss

Net realized gain

6 unchanged sentences

Increase in net assets

Net Assets at September 30, 2020

Net Assets at March 31, 2021

1,114,035,126

Shares issued and redeemed

4 unchanged sentences

iShares S&P GSCI ™

Commodity-Indexed Trust

Statements of Changes in Net Assets (Unaudited)

For the three, six and nine months ended September 30, 2019

Nine Months Ended September 30, 2019

For the three months ended March 31, 2020

Three Months Ended

March 31, 2020

Net Assets at December 31, 2019

1,209,866,609

Net investment income

Net realized gain

Net change in unrealized appreciation/depreciation

Net increase in net assets resulting from operations

Capital Share Transactions:

Contributions for Shares issued

Distributions for Shares redeemed

( 171,597,419

Net decrease in net assets from capital share transactions

( 147,379,503

Increase in net assets

Net Assets at March 31, 2019

1,232,799,956

Net investment income

Net realized loss

Net change in unrealized appreciation/depreciation

Net decrease in net assets resulting from operations

Capital Share Transactions:

Contributions for Shares issued

Distributions for Shares redeemed

( 224,167,336

Net decrease in net assets from capital share transactions

( 340,857,547

Decrease in net assets

( 356,465,230

Net Assets at June 30, 2019

Net investment income

Net realized gain

Net change in unrealized appreciation/depreciation

( 144,962,309

Net decrease in net assets resulting from operations

( 368,101,390

Capital Share Transactions:

1 unchanged sentence

Distributions for Shares redeemed

( 202,783,739

Net decrease in net assets from capital share transactions

( 116,309,775

Net increase in net assets from capital share transactions

Decrease in net assets

( 273,796,349

Net Assets at September 30, 2019

Net Assets at March 31, 2020

Shares issued and redeemed

1 unchanged sentence

Shares redeemed

Net decrease in Shares issued and outstanding

Net increase in Shares issued and outstanding

See notes to financial statements.

2 unchanged sentences

Statements of Cash Flows (Unaudited)

For the nine months ended September 30, 2020 and 2019

Nine Months Ended

September 30,

For the three months ended March 31, 2021 and 2020

Three Months Ended

Cash Flows from Operating Activities

15 unchanged sentences

Sponsor’s fees payable

Brokerage commissions and fees payable

Net cash provided by (used in) operating activities

( 180,473,917

( 120,885,840

Cash Flows from Financing Activities

1 unchanged sentence

Distributions for Shares redeemed

( 716,130,025

Net cash provided by (used in) financing activities

( 604,546,825

Net increase (decrease) in cash

3 unchanged sentences

Unrestricted –

See notes to financial statements.

iShares S&P GSCI™ Commodity-Indexed Trust

iShares S&P GSCI ™

 Commodity-Indexed Trust

Schedules of Investments (Unaudited)

At September 30, 2020 and December 31, 2019

September 30, 2020

At March 31, 2021 and December 31, 2020

March 31, 2021

Security Description

12 unchanged sentences

43,999,786  

0.07% –

0.01 % - 0.06 % due 4/20/21

1 unchanged sentence

60,999,436  

0.07% –

0.01 % - 0.03 % due 4/22/21

1 unchanged sentence

73,999,569  

0.09% –

0.01 % - 0.07 % due 4/27/21

29 unchanged sentences

Treasury bills (Cost:

$696,349,281 )  

$ 1,115,967,646 )

1,115,983,977  

1 unchanged sentence

1,115,983,977  

696,352,426  

Other Assets, Less Liabilities –

21,731,308  

( 1,948,851 )

Net Assets –

$ 1,114,035,126  

$ 718,083,734  

A portion of the above U.S.

1 unchanged sentence

Rates shown are discount rates paid at the time of purchase.

As of September 30, 2020, the open S&P GSCI-ER futures contracts were as follows:

As of March 31, 2021, the open S&P GSCI-ER futures contracts were as follows:

Number of Contracts  

4 unchanged sentences

54,102  

December 15, 2020  

$ 718,092,295  

June 15, 2021

$ 1,109,972,863  

$ ( 45,106,738 )

December 31, 2020

Security Description  

Face Amount  

Fair Value  

Security Description

Treasury bills (a)(b) :

0.05 % –

0.08 % due 1/05/21

5 unchanged sentences

111,999,720  

0.07 % –

0.08 % due 1/12/21

1 unchanged sentence

29,999,734  

0.07 % –

0.10 % due 1/14/21

4 unchanged sentences

39,999,333  

0.07 % –

0.11 % due 1/21/21

5 unchanged sentences

49,998,084  

0.07 % –

0.09 % due 2/04/21

1 unchanged sentence

25,998,769  

0.06 % –

0.07 % due 2/09/21

14 unchanged sentences

9,998,853  

1.55% –

0.07 % due 3/11/21

16 unchanged sentences

$ 827,346,620  

(a) A portion of the above U.S.

A portion of the above U.S.

Treasury bills are posted as margin for the Trust’s Index Futures positions as described in Note 2D.

(b) Rates shown are discount rates paid at the time of purchase.

Rates shown are discount rates paid at the time of purchase.

As of December 31, 2020, the open S&P GSCI-ER futures contracts were as follows:

12 unchanged sentences

Notes to Financial Statements (Unaudited)

September 30, 2020

1 - Organization

March 31, 2021

The iShares S&P GSCI™

7 unchanged sentences

The Trust holds long positions in exchange-traded index futures contracts of various expirations (“Index Futures”) on the S&P GSCI™

Excess Return Index (“S&P GSCI-ER”).

Excess Return Index (“S&P GSCI‑ER”).

In order to collateralize its Index Futures positions and to reflect the U.S.

4 unchanged sentences

The Index Futures held by the Trust are listed on the Chicago Mercantile Exchange (the “CME”).

The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures.

The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodity futures.

The Trust seeks to track the investment returns of the Index before payment of the Trust’s expenses and liabilities.

7 unchanged sentences

Interim period results are not necessarily indicative of results for a full-year period.

These financial statements and the notes thereto should be read in conjunction with the Trust’s financial statements included in its Annual Report on Form 10‑K for the year ended December 31, 2019, as filed with the SEC on February 27, 2020.

These financial statements and the notes thereto should be read in conjunction with the Trust’s financial statements included in its Annual Report on Form 10 -K for the year ended December 31, 2020, as filed with the SEC on March 1, 2021.

The Trust qualifies as an investment company solely for accounting purposes and follows the accounting and reporting guidance under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services –

3 unchanged sentences

The following significant accounting policies are consistently followed by the Trust in the preparation of its financial statements in conformity with U.S.

The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.

The preparation of financial statements in conformity with U.S.

GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.

Actual results could differ from those estimates.

1 unchanged sentence

Investment in Index Futures

The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodities futures, including energy commodities, precious and industrial metal commodities, agricultural commodities and livestock commodities.

The Trust seeks to track the results of a fully collateralized investment in futures contracts on an index composed of a diversified group of commodity futures, including energy commodities, precious and industrial metal commodities, agricultural commodities and livestock commodities.

The Trust seeks to track the investment returns of the Index before payment of the Trust’s expenses and liabilities.

17 unchanged sentences

These investments are valued at fair value.

As of September 30, 2020 and December 31, 2019, the Trust had restricted short-term investments held at the broker of $ 48,196,855 and $ 29,438,936 , respectively, which were posted as margin for the Trust’s Index Futures positions.

As of March 31, 2021 and December 31, 2020, the Trust had restricted short-term investments held at the broker of $ 49,426,968 and $ 42,290,413 , respectively, which were posted as margin for the Trust’s Index Futures positions.

Securities Transactions and Income Recognition

5 unchanged sentences

Shareholders are individually responsible for their own tax payments on their proportionate share of income, gain, loss, deduction, expense and credit.

The Sponsor has analyzed the tax positions as of September 30, 2020, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

The Sponsor has analyzed the tax positions as of March 31, 2021, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

Calculation of Net Asset Value

The net asset value of the Trust on any given day is obtained by subtracting the Trust’s accrued expenses and other liabilities on that day from the value of ( 1 ) the Trust’s Index Futures positions and Collateral Assets on that day, ( 2 ) the interest earned on those assets by the Trust and ( 3 ) any other assets of the Trust, as of 4:00 p.m.

The net asset value of the Trust on any given day is obtained by subtracting the Trust’s accrued expenses and other liabilities on that day from the value of ( 1 ) the Trust’s Index Futures positions and Collateral Assets on that day, ( 2 ) the interest earned on those assets by the Trust and ( 3 ) any other assets of

the Trust, as of 4:00 p.m.

(New York time) that day.

29 unchanged sentences

The Trust Agreement provides that the Sponsor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, as amended) and subsidiaries and agents shall be indemnified from the Trust and held harmless against any loss, liability, claim, cost, expense or judgment of any kind whatsoever (including the reasonable fees and expenses of counsel) arising out of or in connection with the performance of their obligations under the Trust Agreement or any actions taken in accordance with the provisions of the Trust Agreement and incurred without their ( 1 ) negligence, bad faith or willful misconduct or ( 2 ) reckless disregard of their obligations and duties under the Trust Agreement.

The investment advisory agreement (the “Advisory Agreement”) between the Sponsor and the Advisor provides that the Advisor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, as amended) and subsidiaries shall be indemnified from the Trust and held harmless against any loss, liability, cost, expense or judgment (including the reasonable fees and expenses of counsel) arising out of or in connection with the performance of their obligations under the Advisory Agreement or any actions taken in accordance with the provisions of the Advisory Agreement and incurred without their ( 1 ) negligence, bad faith or willful misconduct or ( 2 ) reckless disregard of their obligations and duties under the Advisory Agreement.

The investment advisory agreement (the “Advisory Agreement”) between the Trust and the Advisor provides that the Advisor and its shareholders, directors, officers, employees, affiliates (as such term is defined under the Securities Act of 1933, as amended) and subsidiaries shall be indemnified from the Trust and held harmless against any loss, liability, cost, expense or judgment (including the reasonable fees and expenses of counsel) arising out of or in connection with the performance of their obligations under the Advisory Agreement or any actions taken in accordance with the provisions of the Advisory Agreement and incurred without their ( 1 ) negligence, bad faith or willful misconduct or ( 2 ) reckless disregard of their obligations and duties under the Advisory Agreement.

Commitments and Contingent Liabilities

2 unchanged sentences

Financial Highlights

The following financial highlights relate to investment performance and operations for a Share outstanding for the three and nine months ended September 

2020 and 2019.

The following financial highlights relate to investment performance and operations for a Share outstanding for the three months ended March 31, 2021 and 2020.

Three Months Ended

September 30,

Nine Months Ended

September 30,

Net asset value per Share, beginning of period

14 unchanged sentences

The Index Futures’

settlement value at expiration is based on the value of the S&P GSCI‑ER at that time.

settlement value at expiration is based on the value of the S&P GSCI‑ER at that time.

Therefore, the value of the Trust will fluctuate based upon the value of the S&P GSCI-ER and the prices of futures contracts and commodities underlying the S&P GSCI-ER.

The commodities markets have historically been extremely volatile.

For the nine months ended September 

2020 and the year ended December 

2019, the average month-end notional amounts of open Index Futures were $ 643,358,116 and $ 960,422,151 , respectively.

The following table shows the variation margin on open futures contracts, by risk exposure category, on the statements of assets and liabilities as of September 30, 2020 and December 31, 2019:

For the three months ended March 31, 2021 and the year ended December 31, 2020, the average month-end notional amounts of open Index Futures were $ 991,382,755 and $ 668,432,601 , respectively.

The following table shows the variation margin on open futures contracts, by risk exposure category, on the statements of assets and liabilities as of March 31, 2021 and December 31, 2020:

Asset Derivatives

Liability Derivatives

September 30, 2020

March 31, 2021

Commodity contracts

5 unchanged sentences

Payable for variation margin on open futures contracts

The following table shows the effect of the open futures contracts, by risk exposure category, on the statements of operations for the three months and nine ended September 30, 2020 and 2019:

The following table shows the effect of the open futures contracts, by risk exposure category, on the statements of operations for the three months ended March 31, 2021 and 2020:

Statements of

2 unchanged sentences

Appreciation/Depreciation

Three Months Ended September 30, 2020

Commodity contracts

Net realized gain (loss) from futures contracts

Net change in unrealized appreciation/depreciation on futures contracts

Three Months Ended September 30, 2019

Three Months Ended March 31, 2021

Commodity contracts

1 unchanged sentence

Net change in unrealized appreciation/depreciation on futures contracts

Nine Months Ended September 30, 2020

Three Months Ended March 31, 2020

Commodity contracts

2 unchanged sentences

Net change in unrealized appreciation/depreciation on futures contracts

Nine Months Ended September 30, 2019

Commodity contracts

Net realized gain (loss) from futures contracts

Net change in unrealized appreciation/depreciation on futures contracts

( 145,592,464

Investment Valuation

17 unchanged sentences

Fair value pricing could result in a difference between the prices used to calculate the Trust’s net asset value and the prices used by the Trust’s underlying index, which in turn could result in a difference between the Trust’s performance and the performance of the Trust’s underlying index.

The following table summarizes the value of each of the Trust’s investments by the fair value hierarchy levels as of September 30, 2020 and December 

September 30, 2020

The following table summarizes the value of each of the Trust’s investments by the fair value hierarchy levels as of March 31, 2021 and December 31, 2020:

March 31, 2021

Futures contracts (a)

Treasury bills

1,115,983,977

December 31, 2020

2 unchanged sentences

Shown at the unrealized appreciation (depreciation) on the contracts.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

This information should be read in conjunction with the financial statements and notes to financial statements included in Item 1 of Part I of this Form 10 ‑

Management ’

s Discussion and Analysis of Financial Condition and Results of Operations

This information should be read in conjunction with the financial statements and notes to financial statements included in Item 1 of Part I of this Form 10 ‑

The discussion and analysis that follows may contain statements that relate to future events or future performance.

In some cases, such forward ‑

looking statements can be identified by terminology such as “may,”

“should,”

“could,”

“expect,”

“plan,”

“anticipate,”

“believe,”

“estimate,”

“predict,”

In some cases, such

forward ‑

looking statements can be identified by terminology such as “

may, ”

should, ”

could, ”

expect, ”

plan, ”

anticipate, ”

believe, ”

estimate, ”

predict, ” 

“potential ”

3 unchanged sentences

These statements are based upon certain assumptions and analyses made by the Sponsor on the basis of its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances.

Whether or not actual results and developments will conform to the Sponsor’s expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed below, general economic, market and business conditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies, and other world economic and political developments.

Whether or not actual results and developments will conform to the Sponsor ’

s expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed below, general economic, market and business conditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies, and other world economic and political developments.

Although the Sponsor does not make forward looking statements unless it believes it has a reasonable basis for doing so, the Sponsor cannot guarantee their accuracy.

32 unchanged sentences

Valuation of Index Futures ;

Computation of the Trust’s Net Asset Value

Computation of the Trust ’

s Net Asset Value

The Sponsor has the exclusive authority to determine the net asset value of the Trust and the NAV, which it has delegated to the Trustee under the Trust Agreement.

15 unchanged sentences

(New York time) are not deemed to be received, and the related creation or redemption will not be deemed to occur, until the following Business Day.

Subject to the approval of the Trustee, Baskets may be created solely for cash, but the related creation orders will be deemed received as of the following Business Day unless received by 10:00 a.m.

Subject to the approval of the Trustee, Baskets may be created solely for cash, but the related creation orders will be deemed received as of the following Business Day unless received by 10:00 a.m.

(New York time).

2 unchanged sentences

Results of Operations

The Quarter Ended September 30, 2020

The Trust’s net asset value increased from $609,244,207 at June 30, 2020 to $718,083,734 at September 30, 2020.

The increase in the Trust’s net asset value resulted primarily from a net increase in the number of outstanding Shares which rose from 59,000,000 Shares at June 30, 2020 to 66,650,000 Shares at September 30, 2020, a consequence of 10,550,000 Shares (211 Baskets) being created and 2,900,000 Shares (58 Baskets) being redeemed during the quarter.

The Trust’s net asset value also benefited from a net increase in net assets resulting from operations.

The 4.26% increase in the Trust’s NAV from $10.33 at June 30, 2020 to $10.77 at September 30, 2020 is directly related to the 4.57% increase in the settlement price for the Index Futures.

The Quarter Ended March 31, 2021

The Trust’s net asset value increased from $827,346,620 at December 31, 2020 to $1,114,035,126 at March 31, 2021.

The increase in the Trust’s net asset value resulted primarily from a net increase in the number of outstanding Shares, which rose from 67,250,000 Shares at December 31, 2020 to 79,950,000 Shares at March 31, 2021, a consequence of 15,850,000 Shares (317 Baskets) being created and 3,150,000 Shares (63 Baskets) being redeemed during the quarter.

The Trust's net asset value also benefited from a net increase in net assets resulting from operations.

The 13.25% increase in the Trust’s NAV from $12.30 at December 31, 2020 to $13.93 at March 31, 2021 is directly related to the 13.53% increase in the settlement price for the Index Futures.

The Trust’s NAV increased slightly less than the settlement price for the Index Futures on a percentage basis due to the Sponsor’s fees and brokerage commissions.

Net increase in net assets resulting from operations for the quarter ended September 30, 2020 was $26,808,143, resulting from a net investment loss of $1,379,227 and a net realized and unrealized gain of $28,187,370.

For the quarter ended September 30, 2020, the Trust had a net realized and unrealized loss of $11,369 on short-term investments and a net realized and unrealized gain of $28,198,739 on futures contracts.

Other than the Sponsor’s fees of $1,309,010 and brokerage commissions and fees of $274,439, the Trust had no expenses during the quarter.

The Nine -Month Period Ended September 30, 2020

The Trust’s net asset value decreased from $775,343,105 at December 31, 2019 to $718,083,734 at September 30, 2020.

The decrease in the Trust’s net asset value resulted primarily from a net decrease in net assets resulting from operations.

The decrease in the Trust’s net asset value was partially offset by an increase in the number of outstanding Shares, which rose from 47,750,000 Shares at December 31, 2019 to 66,650,000 Shares at September 30, 2020, a consequence of 27,650,000 Shares (553 Baskets) being created and 8,750,000 Shares (175 Baskets) being redeemed during the period.

The 33.68% decrease in the Trust’s NAV from $16.24 at December 31, 2019 to $10.77 at September 30, 2020 is directly related to the 33.62% decrease in the settlement price for the Index Futures.

The Trust’s NAV decreased slightly more than the settlement price for the Index Futures on a percentage basis due to the Sponsor’s fees and brokerage commissions.

Net decrease in net assets resulting from operations for the period was $283,583,662, resulting from a net investment loss of $770,388 and a net realized and unrealized loss of $282,813,274.

For the nine months ended September 30, 2020, the Trust had a net realized and unrealized loss of $35,859 on short‑term investments and a net realized and unrealized loss of $282,777,415 on futures contracts.

Other than the Sponsor’s fees of $3,609,289 and brokerage commissions and fees of $741,568, the Trust had no expenses during the period.

Net increase in net assets resulting from operations for the quarter ended March 31, 2021 was $113,299,050, resulting from a net investment loss of $2,080,345 and a net realized and unrealized gain of $115,379,395.

For the quarter ended March 31, 2021, the Trust had a net realized and unrealized loss of $1,960 on short-term investments and a net realized and unrealized gain of $115,381,355 on futures contracts.

Other than the Sponsor's fees of $1,893,497 and brokerage commissions and fees of $330,285, the Trust had no expenses during the quarter.

Liquidity and Capital Resources

The Trust’s assets as of September 30, 2020 consist of Index Futures and Collateral Assets used to satisfy applicable margin requirements for those Index Futures positions.

The Trust’s assets as of March 31, 2021 consist of Index Futures and Collateral Assets used to satisfy applicable margin requirements for those Index Futures positions.

The Trust does not anticipate any further need for liquidity, because creations and redemptions of Shares generally occur in-kind and ordinary expenses are met by cash on hand.

2 unchanged sentences

In the case of an extraordinary expense and/or insufficient interest income to cover ordinary expenses, however, the Trust could be forced to liquidate its positions in Index Futures and Collateral Assets to pay such expenses.

As of September 30, 2020, the market for Index Futures had not developed significant liquidity and the Trust represented substantially all of the long-side open interest in Index Futures.

As of March 31, 2021, the market for Index Futures had not developed significant liquidity and the Trust represented substantially all of the long-side open interest in Index Futures.

In addition, it is expected that Goldman Sachs & Co.

8 unchanged sentences

The Trust’s exposure to market risk will be influenced by a number of factors, including the lack of liquidity of the Index Futures market and activities of other market participants.

When the Trust purchases or holds Index Futures, it is exposed to the credit risk of a default by the CME’s clearing house, which serves as the counterparty to each Index Futures position, and of a default by its clearing futures commission merchant, or Clearing FCM.

In the case of such a default, the Trust may be unable to recover amounts due to it on its Index Futures positions and Collateral Assets posted as margin.

11 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements