Here are the 10-K annual reports from Dynamic Aerospace System (BRQL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BRQL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BRQL filings page.
Dynamic Aerospace Systems Corporation files its annual report describing a transformation into a UAV and autonomous logistics company focused on hybrid VTOL and electric drones for defense, public safety, logistics and infrastructure applications. The business is built around platforms like the US-1 electric multicopter, G1 hybrid VTOL and Mitigator tactical drone, supported by a sensor-agnostic architecture and a growing patent portfolio.
The company is early stage with limited operating history and reported net losses of $7,790,924 in 2025 and $1,171,439 in 2024, leading to an accumulated deficit of $9,791,120 and a working capital deficit of $2,811,077 as of December 31, 2025. Its independent auditor expressed substantial doubt about its ability to continue as a going concern. As of April 13, 2026, there were 27,583,300 shares outstanding, and the non‑affiliate equity market value was $9,783,390 as of June 30, 2025.
The company outlines a diversified revenue strategy spanning UAV sales, drone‑as‑a‑service, logistics networks, integrations and government work, with only 13 full‑time employees. It faces intense competition from much larger aerospace and drone players, supply‑chain dependence on key components, rapid technological change, cybersecurity and regulatory risks, and has identified material weaknesses in internal control over financial reporting.