DYNAMIC AEROSPACE SYSTEMS Corp

Dynamic Aerospace Systems Corp has entered into several new loan and credit agreements with its Chief Operating Officer, Jeffrey Hail, and Chief Executive Officer, Kent Wilson. These agreements include promissory notes and revolving lines of credit, with interest rates ranging from 18% to 29.99%. The company also amended a short-term loan agreement with Mr. Hail, consolidating previous advances. All these obligations mature by the end of 2026 or upon the closing of a public offering. Additionally, the company approved an increase in the annual base salary for its Chief Financial Officer, Robin Hoops.

Dynamic Aerospace Systems (DAS) reported a GAAP net loss of $2.18 million for the second quarter ended June 30, 2026. The company highlighted that a significant portion of this loss ($1.06 million) comprised non-cash accounting entries, resulting in an Adjusted Operational Loss of $1.12 million. DAS also announced several operational milestones, including hosting a multi-agency Drone Demo Expo, delivering tactical drone systems to the Arizona Department of Public Safety, filing three new provisional patents, and partnering with Flightbox, Inc. for autonomous medical drone logistics. The company continues efforts towards a potential uplisting to a national exchange.

Dynamic Aerospace Systems Corporation reported a net loss of $2.18 million for the second quarter of 2026, a significant increase from $0.81 million in the same period last year. For the six months ended June 30, 2026, the company recorded a net loss of $3.23 million and generated no revenue. As of June 30, 2026, the company had a working capital deficit of $4.28 million and a cash balance of only $7,605, raising substantial doubt about its ability to continue as a going concern without securing additional capital. The company completed the acquisitions of Vayu, Impossible Aerospace, and Global Autonomous Corporation in April 2025, operating in UAV manufacturing and autonomous delivery segments.

Dynamic Aerospace Systems Corporation closed the initial tranche of a private placement offering on June 18, 2026. The company sold 357,143 shares of common stock and warrants to purchase up to 535,715 additional shares to The Aeon Group, Inc. for $75,000. The total offering aims to raise up to $750,000 through the sale of shares and warrants, with warrants having a $0.30 exercise price and a two-year term.

Dynamic Aerospace Systems (DAS) reported a GAAP net loss of approximately $1.05 million for Q1 2026, ended March 31, 2026. The company emphasized that a significant portion of this loss was due to non-cash accounting entries, with an estimated adjusted operational loss of $773,000. DAS highlighted continued operational progress, aggressive cost reduction, and strategic investments in intellectual property, including ten new patent filings. The company also advanced its capital markets strategy for a potential uplisting and pursued an aggressive sales and demonstration strategy for its UAV and autonomous systems.

Dynamic Aerospace Systems reported a significant increase in net loss to $1.05 million for the first quarter of 2026, compared to $0.49 million in the same period last year, with no revenue generated. The company's operating expenses rose sharply, contributing to a working capital deficit of $3.06 million as of March 31, 2026. Management has raised substantial doubt about the company's ability to continue as a going concern without securing additional capital.

Dynamic Aerospace Systems (BRQL) secured $246,000 in net proceeds by issuing a $275,000 Convertible Promissory Note to LABRYS FUND II, L.P., along with 20,000 commitment shares and warrants for 199,275 shares. The company also issued 500,000 restricted common shares for consulting services. Concurrently, BRQL filed to create 25,000,000 shares of Series E Preferred Stock with 1:1 voting rights and a 1.25 common share conversion ratio after six months. Separately, BRQL will host a multi-agency Drone Demo Expo with the Arizona Department of Public Safety on April 30, 2026, to showcase its UAV platforms, including the US-1, G1 MKII, and Mitigator drones, to government and public safety agencies.

Dynamic Aerospace Systems (DAS) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, reporting a net loss of $7.79 million, an accumulated deficit of $9.79 million, and a working capital deficit of $2.81 million. CEO Kent B. Wilson's shareholder letter clarified that a substantial portion of the loss, approximately $4.87 million, was non-cash in nature, primarily due to goodwill impairment, amortization, and stock-based compensation. Additionally, the company incurred $158,000 in non-recurring acquisition and S-1 process-related costs.

DYNAMIC AEROSPACE SYSTEMS Corp filed its annual report (Form 10-K) for the fiscal year ended December 31, 2025. The company reported 27,583,300 shares outstanding as of April 13, 2026, which includes 500,000 shares from an equity line of credit where proceeds were not received by the fiscal year-end. The company also confirmed its status as a smaller reporting company and an emerging growth company.