BRQL — what changed in the latest 10-Q
A section-by-section comparison of BRQL'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 · 2026-08-10 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −10 | ~13 | 16 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| 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.
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 · 2026-08-10
Depreciation and amortization expense decreased by $8,035, or 9%, from $94,494 in the three months ended June 30, 2025 to $86,459 in the three months ended June 30, 2026, as a result of certain fixed assets coming to the end of their depreciable lives in 2026.
For the six months ended June 30, 2026 and 2025, we generated no revenues.
Professional fees were $656,189 in the six months ended June 30, 2026, an increase of $149,816, or 30%, compared to $506,373 in the six months ended June 30, 2025, resulting from professional fees paid related to the implementation of our Dynamic Aerospace Systems assets acquired in April 2025.
Salaries were $947,390 in the six months ended June 30, 2026, an increase of $947,390, or 100%, compared to $-0- in the six months ended June 30, 2025 due to the hiring of certain Vayu employees following the acquisition of the Vayu Assets.
Depreciation and amortization expense increased by $79,111, or 84%, from $94,494 in the six months ended June 30, 2025 to $173,605 in the six months ended June 30, 2026, as a result of amortization of intangible assets and depreciation of fixed assets acquired from Vayu and GAC in April 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Depreciation and amortization expense increased by $87,146, or 100%, from $-0- in the three months ended March 31, 2025 to $-0- in the three months ended March 31, 2026 as a result of amortization of intangible assets and depreciation of fixed assets acquired from Vayu and GAC in April 2025.
Cash flows used in operating activities were $342,941 and $562,554 for the three months ended March 31, 2026 and 2025, respectively. Working capital for the three months ended March 31, 2026 provided cash of $456,999 due from cash provided by accounts payable and accrued liabilities (due primarily t…
Cash flows used in investing activities were $49,004 and $-0-, for the three months ended March 31, 2026 and 2025, respectively. Additions to property, plant and equipment during the three months ended March 31, 2026 are related to investments into demo drones.
Cash flows provided by financing activities were $384,399 and $562,535 for the three months ended March 31, 2026 and 2025, respectively. For the three months ended March 31, 2026, we received $210,000 from the sale of preferred shares, $66,899 from the sales of common shares under the ELOC, and $160…
During the three months ended March 31, 2026, the Company issued 82,374 shares of its common stock under the ELOC and received net proceeds of $74,332 less fees of $7,433 for net cash proceeds due of $66,899. The Company received a total of $75,000 in cash related to this transaction. The $8,101 in …
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