BRQL — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-15

• The following Management’s Discussion and Analysis relates to our new restructured business operations, rather than the prior business operations of the Company before February 25, 2025. Following the restructuring of our business, we are mainly focused on UAVs and drone-related sales and services.

• The following discussion and analysis of the financial condition and results of operations of Dynamic Aerospace Systems Corporation (“Dynamic Aerospace Systems,” the “Company,” “we,” “our” or “us”), should be read in conjunction with our financial statements and related notes as filed with the U.S. …

• Dynamic Aerospace Systems is a leader in unmanned aerial vehicle (“UAV”) manufacturing and autonomous logistics, focusing on advanced vertical takeoff and landing (“VTOL”) drones and UAV technologies, such as the Company’s G1 VTOL (the “G1”) and US-1 electric rotor copter (the “US-1”). We serve gove…

• In 2025, we adopted the trade name Dynamic Aerospace Systems to reflect our new strategic focus on autonomous aerospace technologies and to align with its expanded emphasis on UAV innovation and logistics. This rebranding coincided with significant corporate developments, including the acquisition o…

• Operating as Dynamic Aerospace Systems, we have focused on developing and commercializing advanced VTOL drones and UAV systems, including the G1 and US-1, designed for applications such as autonomous logistics, surveillance, and reconnaissance. Prior revenue was based on the MyTreat Logistics system…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• The following discussion and analysis of the financial condition and results of operations of BrooQLy Inc. should be read in conjunction with our financial statements and related notes as filed with the U.S. Securities and Exchange Commission (the “SEC”). This discussion contains forward-looking sta…

• BrooQLy Inc., doing business as Dynamic Aerospace Systems Corporation (OTC Markets: BRQL, “Dynamic Aerospace Systems,” the “Company,” “we,” “our,” or “us”), is a leader in unmanned aerial vehicle (“UAV”) manufacturing and autonomous logistics, focusing on advanced vertical takeoff and landing (“VTOL…

• In 2025, we adopted the trade name Dynamic Aerospace Systems to reflect our new strategic focus on autonomous aerospace technologies and to align with our expanded emphasis on UAV innovation and logistics. This rebranding coincided with significant corporate developments, including the acquisition o…

• Operating as Dynamic Aerospace Systems, we have focused on developing and commercializing advanced VTOL drones and UAV systems, including the G1 and US-1, designed for applications such as autonomous logistics, surveillance, and reconnaissance. Prior revenue was based on the MyTreat Logistics system…

• Our primary expenses include R&D, manufacturing, and operational costs associated with our facilities in Ann Arbor, Michigan, and planned flight testing at Strother Field, Kansas (expected to be operational in 2026). The acquisition of assets significantly increased our capital expenditures, aimed a…

Text added vs the prior filing · source: 10-Q · 2026-05-15

• We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Text added vs the prior filing · source: 10-Q · 2026-05-15

• The determination that our disclosure controls and procedures were not effective as of March 31, 2026, is a result of the material weakness related to the lack of formal control processes related to the identification of related party transactions at this point in time and limited segregation of dut…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• The determination that our disclosure controls and procedures were not effective as of September 30, 2025, is a result of the material weakness that we do not maintain adequate staffing and supervision within the accounting operations of our Company. The Company plans to expand its accounting operat…

• Our operations and financial results are subject to various risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, which could adversely affect our business, financial condition, results of operati…

• We may not be able to successfully integrate the businesses and personnel of acquired companies and businesses, including those acquired related to our Dynamic Aerospace Systems business, and may not realize the anticipated synergies and benefits of such acquisitions.

• We may not be able to realize the expected benefits from acquisitions, including assets acquired related to our Dynamic Aerospace Systems business, because of integration difficulties or other challenges. The success of our acquisitions will depend, in part, on our ability to realize all or some of …

• Any acquired companies and businesses may have unanticipated or larger than anticipated liabilities for patent and trademark infringement claims, violations of applicable laws, rules and regulations, commercial disputes, taxes and other known and unknown types of liabilities. There may be liabilitie…