QIND — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• ● the expected delivery and operational deployment of new LPG Bobtail trucks and smaller-capacity Bobtail units to expand fleet capacity and distribution efficiency;

• ● the anticipated increase in daily operational capacity from approximately 27 metric tons to approximately 35 metric tons following vehicle deployment;

• ● anticipated increases in revenues during the second half of fiscal 2026, including following the resolution of certain project pricing inefficiencies;

• ● anticipated increases in operating expenses in connection with the Company’s subsidiary expansion plan;

• ● the Company’s plans for growth and expansion of Al Shola Gas’s operations, including resource allocation and planned investments in vehicles and infrastructure;

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

• ●Al Shola Gas’s expected value from the announced new engineering subcontracts;

• ●anticipated enhancements to efficiency and bulk LPG supply capabilities;

• ●anticipated positive influence on financial performance from any of the above; and

• Forward-looking statements relate to the future, and are therefore subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Known and unknown risks, uncertainties and other factors may cause actual results to be materially different from those expressed o…

• Risks and uncertainties that could cause actual results to differ materially from those contemplated in the forward-looking statements include, but are not limited to:

Text added vs the prior filing · source: 10-Q · 2026-08-13

• On July 10, 2026, the Company entered into a Promissory Note & Loan Modification and Forbearance Agreement, dated as of July 10, 2026 (the “Forbearance Agreement”), with RB Capital Partners, Inc., a California corporation (the “Holder”). The Forbearance Agreement relates to (i) a Convertible Promiss…

• Pursuant to the Forbearance Agreement, the Company is required to pay the Holder an aggregate Payment Amount of $1,675,000. The Forbearance Agreement provides that the Payment Amount will be paid in 19 monthly installments commencing on July 30, 2026 and ending on January 15, 2028. Specifically, the…

• Pursuant to the Forbearance Agreement, the Holder is required to forbear from exercising its rights and remedies under the Notes during a forbearance period (“Forbearance Period”) ending on the earliest of (i) March 1, 2028, (ii) the occurrence of an uncured default under the Forbearance Agreement, …

• Subject to the expiration of applicable cure and grace periods, a default will occur under the Forbearance Agreement if, among other things, the Company fails to make any installment payment by the applicable payment date and the expiration of the applicable grace period; another default occurs unde…

• The Forbearance Agreement provides for a grace period of ten business days following each date that an installment payment of the Payment Amount is due, and an additional 10-calendar-day cure period following written notice of default, before the Holder may exercise remedies. Upon a default under th…

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

• In September 2025, the Company entered into a Settlement and Release Agreement (the “Lucosky Settlement Agreement”) with Lucosky Brookman LLP (“Lucosky Brookman”), the Company’s former legal counsel, to resolve an outstanding obligation of approximately $568,706. Under the terms of the Lucosky Settl…