SEEK-iNF and FRAANK SEEK-iNF: Search Engines for Extracting - PowerPoint PPT Presentation

SEEK-iNF and FRAANK SEEK-iNF: Search Engines for Extracting Knowledge from Industrial Filings and FRAANK: Financial Reporting and Auditing Agent with Net Knowledge by Rajendra P. Srivastava 1

Objectives Ø Develop intelligent search engine for extracting information from SEC (Securities and Exchange Commission) Filings using Cloud based Technology Ø Two Search Engines: One for Non-Financial Information and the other for Financial Information n SEEK-iNF: Basically built for Non-financial information, search is based on user’s provided search strings from the following SEC filings, 8K, 10K, 10Q, 13F, DEF 14A, S1, Comments letters, Uploads, 20F, 40 F, and AAER. n FRAANK: Basically built for Financial information from Balance Sheet, Income Statement and Cash Flow Statement from 10K, and 10Q. Also, it gets sections of 10K and 10Q. Soon we will include 20F and 40F. 2

Current Features of SEEK-iNF Ø Cloud-based technology: Get information on mobile devices Ø Incredibly Fast: Thousands of results in seconds Ø Multiple Search Options: Exact, All the words, Any one of the words, Without these words, or Any combination Ø Resolution: Paragraph, Table, Audit Report, etc. Ø Easy Downloads: Download outputs in Excel Spreadsheet Ø Built in Counter: Counts the number of occurrences of a given search string. Ø Download the counts: Download the output with counts in an Excel Spreadsheet. Ø . . . . many more to come in near future 3

Current Features of FRAANK u Cloud based Technology: Information available anywhere u Extracts Financial Statement: Dumps financial statements from 10K and 10Q (soon we will have 20F and 40F) in Excel Spreadsheet u Audit Report: Provides Audit Report in its entirety u Summary of Audit Report: Obtains specific piece of information such as auditee, auditor, type of opinion, place and date of audit, and dumps into Excel Spreadsheet u SOX 404 Management and Audit Reports and determines the type of report u Obtains Footnotes, Items, and MD&A u Signature: Obtains names of people who signed 10K with their titles u Instance Document: Uses SEC XBRL Taxonomy to automatically create an instance document of 10K and 10Q u Extension Taxonomy: Automatically creates extension taxonomy and related linkbases. 4

Future Features to be built in FRAANK n Improve the performance of parsing logic for 10K and 10Q u Add the list of documents to be parsed such 20F for foreign companies filing with the SEC and extend it to foreign companies listed in other countries and improve the logic u Build capabilities to process statements uploaded by users for private companies, state governments, and municipalities u Improve the logic for parsing SOX 404 Reports u Improve the logic for parsing Footnotes, and Items u Build and improve the logic for obtaining MD&A from 10 K u Improve the logic for obtaining the names of people who signed 10K with their titles u Improve the performance of FRAANK to tag 10K and 10Q using the 2013 SEC XBRL Taxonomy u Improve the performance of FRAANK in automatically creating linkbases when creating the tagged documents u Extend the above applications to companies in foreign countries 5

Some screen Shots 6

Searching for company’s names which have the word “litigation” in paragraphs in 10K 7

Searching for company’s names which have the word “litigation” mentioned in 10K with counter 8

Searching for “Going Concern” Opinions in 10K audit Report 9

Searching for “Going Concern” Opinions with “other” 10

FRAANK 11

Excel Dump of Balance Sheet 12

Tagged Statement in Excel Spreadsheet 13

Audit Report 14

Summary of Audit Report 15

Who Signed 10K 16

Thanks! Email: seekedgar@gmail.com 17