HYOR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• HyOrc Corporation is an integrated clean energy infrastructure and technology company focused on the commercialization of proprietary waste-to-energy, renewable methanol, distributed power generation and industrial decarbonization technologies. The Company’s strategy is to convert low-value waste st…

• During the three months ended June 30, 2026, the Company continued its transition from technology development and validation toward commercial deployment. Management’s primary focus during the quarter was the execution of its first commercial renewable methanol facility in Porto, Portugal, continued…

• The Company also continued advancing a number of strategic commercial initiatives during the quarter, including:

• ● Distributed power generation opportunities in the United Kingdom

• Management believes these initiatives provide multiple pathways toward future recurring revenues while reducing dependence on any single project or market. Board discussions throughout the quarter reflected continued progress across these initiatives, including fabrication activities, financing, str…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• HyOrc Corporation is a development-stage energy technology company focused on the commercialization of proprietary waste-to-fuel and clean power generation systems. The Company’s core technologies include refuse-derived fuel (RDF) gasification for methanol production and externally fired engine syst…

• During the three months ended March 31, 2026, the Company continued its transition from legacy geothermal operations toward the development and deployment of its waste-to-methanol and clean energy platform. This transition reflects a strategic repositioning toward scalable industrial projects suppor…

• At present, the Company’s activities are primarily focused on advancing project development, securing capital, and validating its technology platform. Accordingly, revenue generation remains limited and is expected to increase upon successful execution and commissioning of planned projects.

• Subsequent to the reporting period, the Company achieved independent validation of its RDF-to-methanol process at its R&D facility in India. The validation confirmed full process functionality, including feedstock preparation, gasification, syngas cleaning, methanol synthesis, and product recovery, …

• This milestone materially reduces technical risk and supports the Company’s transition toward commercial deployment.

Text added vs the prior filing · source: 10-Q · 2026-08-06

• As a smaller reporting company as defined by Rule 12b-2 of the Security Exchange Act of 1934, as amended, the Company is not required to provide the information under this Item. The Company is voluntarily providing the following general information.

• The Company is exposed to certain market risks in the normal course of its business, including:

• Due to the Company’s current stage of development, its exposure to these risks remains limited.

• The Company’s convertible notes payable bear interest at fixed contractual rates; however, the notes contain embedded conversion features accounted for as derivative liabilities, the fair value of which is subject to change based on fluctuations in the Company’s stock price and other market factors.…

• The Company’s operations and project developments involve multiple jurisdictions. As a result, the Company may be exposed to foreign currency fluctuations in future periods as its international activities expand.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• The Company is exposed to certain market risks in the normal course of its business, including interest rate risk, foreign currency risk, and credit risk. Due to the Company’s current stage of development and limited operational activity, its exposure to market risk remains relatively limited.

• As of March 31, 2026, the Company does not have any outstanding debt instruments subject to variable interest rates. Accordingly, the Company does not currently have material exposure to interest rate fluctuations. Future project-level financing arrangements may introduce exposure to interest rate r…

• The Company’s operations and planned project developments involve multiple jurisdictions, including Europe and India. As a result, the Company may be exposed to foreign currency exchange rate fluctuations in future periods.

• As of March 31, 2026, substantially all reported amounts are denominated in U.S. dollars, and foreign currency exposure is not considered material. However, as the Company advances its international projects, including its planned facility in Portugal and development activities in Bulgaria, exposure…

• The Company maintains cash balances with financial institutions and may be exposed to credit risk in the event of default by such institutions. The Company mitigates this risk by maintaining its cash with reputable financial institutions.

Text added vs the prior filing · source: 10-Q · 2026-08-06

• During the quarter ended June 30, 2026, the arbitration formally commenced, and the Company paid arbitration deposits. The proceedings are underway, and the first procedural hearing has taken place. The Company continues to seek recovery of amounts owed to SRE Power, along with review of potential a…

• The Biliran/BGI matter remains active and continues to progress toward arbitration and related proceedings. The Company continues to evaluate and pursue its legal remedies with respect to this matter.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• On April 20, 2026, the Company’s wholly owned subsidiary, SRE Power Inc., commenced arbitration proceedings under the rules of the London Court of International Arbitration (“LCIA”) against Joule Energie GmbH, Joule Enerji, and Kontrolmatik Teknoloji Enerji ve Mühendislik A.Ş.

• The arbitration arises out of a service agreement dated August 18, 2025 and relates to disputes concerning project management, personnel mobilization, and associated contractual obligations. The arbitration is seated in London, England and is governed by the laws of England and Wales.

• The Company is seeking relief in connection with amounts owed and other contractual matters. As of the date of this report, the arbitration is in its initial stages, and no determinations have been made.

• The Company is involved in an ongoing dispute related to its geothermal project in Biliran, Philippines, operated through its subsidiary SRE Power Inc.

• As previously disclosed, the project has been offline since October 2024 following infrastructure damage and operational issues. The Company is engaged in discussions and pursuing legal and commercial remedies with counterparties in connection with project operations, insurance matters, and related …

Text added vs the prior filing · source: 10-Q · 2026-08-06

• The Company’s convertible notes include conversion features priced at a discount to the Company’s trading price rather than at a fixed price, and are accounted for as derivative liabilities re-measured at fair value each period, which may result in significant non-cash volatility in the Company’s re…