DROR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-30

• The Company’s unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is subject to a number of risks similar to those of earlier …

• General and administrative expenses were $344,997 for the three months ended June 30, 2026, compared to $391,494 for the three months ended June 30, 2025. The decrease in general and administrative expenses of $46,497 or 12%, was primarily due to increased professional fees during the three months e…

• Debt discount amortization was $75,362 for the three months ended June 30, 2026, compared to $14,595 for the three months ended June 30, 2025. The increase in debt discount amortization of $60,767 or 416% was due to the increased amount of debt instruments issued subsequent to June 30, 2025.

• Comparison of the Six Months Ended June 30, 2026, and the Six Months Ended June 30, 2025

• The following table sets forth the results of operations of the Company for the six months ended June 30, 2026 and June 30, 2025:

Text removed vs the prior filing · source: 10-Q · 2026-05-13

• On July 5, 2023, we entered into that certain Share Exchange Agreement (as amended by that certain Amendment to Share Exchange Agreement, dated August 14, 2023, the “Share Exchange Agreement”), pursuant to which, the shareholders of Private Dror transferred all of their ordinary shares in Private Dr…

• Pursuant to the terms and conditions of the Share Exchange Agreement:

• ● we assumed all of Private Dror’s obligations under Private Dror’s outstanding share options;

• ● all outstanding Series A-4 Warrants to purchase Private Dror’s ordinary shares were assumed by the Company and converted into Share Exchange Warrants (as defined below); and

• ● simultaneously with the Share Exchange, the board of directors and certain officers of the Company resigned, and a new board of directors, comprised of Private Dror’s legacy board of directors, and new officers were appointed at the Company. The Company’s new board of directors consists of Eliyahu…

Text added vs the prior filing · source: 10-Q · 2026-07-30

• None of the Company’s directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K, during the quarter ended June, 2026.

Text removed vs the prior filing · source: 10-Q · 2026-05-13

• On April 14, 2026, the board of directors of the Company appointed Ran Israeli to the position of Chief Financial Officer, principal accounting officer and principal financial officer, effective May 1, 2026. Mr. Israeli, age 55, has over 25 years of senior financial leadership experience, having ser…

• Mr. Israeli will be provided a monthly fee equal to $5,000, plus Value Added Tax (VAT) as applicable under Israeli law, for his service as Chief Financial Officer, principal accounting officer and principal financial officer.

• There is no arrangement or understanding between Mr. Israeli and any other person pursuant to which he was appointed as Chief Financial Officer, principal accounting officer and principal financial officer. There are no family relationships between Mr. Israeli and any of the Company’s directors, exe…