BRQL on OTC

DYNAMIC AEROSPACE SYSTEMS Corp

DYNAMIC AEROSPACE SYSTEMS Corp is an American aircraft company based in Ann Arbor, listed on OTC (BRQL).1

Price unavailable

Last updated Oct 20, 2026.

Overview

Compare with XERIANT, INC., Archer Aviation or DUKE Robotics Corp., or pick any stock.

  • TickerBRQL on OTC1
  • IndustryAircraft1
  • HeadquartersAnn Arbor, Michigan1
  • Incorporated inNV2
  • Business address3753 Plaza Dr, Ann Arbor, Mi 481082
  • Filer category, Emerging growth company2
  • Legal formCorporation

See how the biggest companies compare on our leaderboards

The Company was incorporated in Nevada on February 19, 2021, as “MyTreat, Inc.” On May 12, 2021, the Company changed its name to BrooQLy Inc. pursuant to an amendment to the Company’s Articles of Incorporation.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-100.0%Revenue growth, 20254
-74.6%Return on equity4
-$1.9MFree cash flow4

Financial statements

Revenue564$0 in 2025
0$250$500$750$1.0K2022: $993$99320222023: $5$52023−99%2024: $266$2662024+5220%2025: $0$02025
Operating income564-$6.6M in 2025+2034% since 2022
-$8.0M-$6.0M-$4.0M-$2.0M02022: -$311.3K-$311.3K20222023: -$314.3K-$314.3K2023+1%2024: -$537.2K-$537.2K2024+71%2025: -$6.6M-$6.6M2025+1137%
Net income7564-$7.8M in 2025+2593% since 2021
-$8.0M-$6.0M-$4.0M-$2.0M02021: -$289.3K-$289.3K20212022: -$311.2K-$311.2K2022+8%2023: -$348.3K-$348.3K2023+12%2024: -$1.2M-$1.2M2024+236%2025: -$7.8M-$7.8M2025+565%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Revenue$0$266
Total Revenue$0$266
Professional fees$1.3M$110.0K
Salaries$1.1M$81.0K
Depreciation and amortization$281.4K$58.8K
Bad debt expense$0$30.0K
Impairment of goodwill and intangible assets$2.9M$198.2K
Other general and administrative costs$1.1M$59.5K
Total operating expenses$6.6M$537.4K
Loss from operations-$6.6M-$537.2K
Other income$0$5.4K
Interest and other expense-$817.0K-$153.7K
Financing cost-$180.6K$0
Change in fair value of derivative financial instruments-$150.1K$0
Loss on conversion of shares$0-$426.0K
Loss on exercise of warrants$0-$60.0K
Other expense net-$1.1M-$634.3K
Net loss before income tax-$7.8M-$1.2M
Provision for income taxes (benefit)$0$0
Net Loss-$7.8M-$1.2M
Net Loss Per Common Stock - basic and fully diluted-$0.23-$0.05
Stock outstanding - basic and fully diluted33.7M shares25.1M shares

Compare DYNAMIC AEROSPACE SYSTEMS Corp with another company

What it owns

What DYNAMIC AEROSPACE SYSTEMS Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$78.9K4 Dec 31, 2025$04 Dec 31, 2024
Property and equipment, net$31.2K4 Dec 31, 2025$04 Dec 31, 2024
Operating-lease assets (leased space)$36.9K4 Dec 31, 2025$04 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.8M4 Dec 31, 2025$04 Dec 31, 2024
Intangible assets, net (excluding goodwill)$1.9M4 Dec 31, 2025$04 Dec 31, 2024
Finite-lived intangibles, gross$2.2M4 Dec 31, 2025$310.0K4 Dec 31, 2024+603.6%
Accumulated amortization$233.7K4 Dec 31, 2025$111.8K4 Dec 31, 2024+109.1%
Finite-lived intangibles, net$1.9M4 Dec 31, 2025$04 Dec 31, 2024

Properties, in its own words

The Company maintains its headquarters and an aerospace assembly facility at 753 Plaza Drive, Ann Arbor, Michigan 48108, which the Company leases under a lease agreement expiring April 30, 2026. As of the date of the filing of this Annual Report, the Company was in the process of renewing the lease and has the ability to continue month-to-month at the current rate until a new lease can be completed. The 11,000-square-foot facility serves as the company’s primary location for research and development (R&D) and light assembly operations. It supports the production of aerospace components and systems while facilitating ongoing R&D activities. The facility is designed with the potential to expand to 31,000 square feet to accommodate future needs, allowing the Company to scale operations as required. Located in Ann Arbor, Michigan, the facility benefits from access to a skilled workforce and proximity to research institutions, supporting the company’s aerospace development efforts. Management believes that the space is currently sufficient for the Company’s needs, and with the expansion space available, should be sufficient for the Company’s needs for the foreseeable future.

Item 2 of the 10-K filed Apr 15, 2026.3

Leadership

Who has led DYNAMIC AEROSPACE SYSTEMS Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Panagiotis Nikolaos Lazaretos2022–2025
  2. Kent Wilson2025–now

Chief financial officer

  1. Helen Maridakis V.2022–2026
  2. Robin Hoops2026–now

Chief operating officer

  1. Nikolaos Ioannou2022–2025
  2. Jeffrey Hail2025–now
2025
Board members and other officers (11)

Former names

  • BrooQLy Inc.Aug 6, 2025 to Jan 22, 20262
  • brooqLy, Inc.Oct 4, 2021 to Jul 28, 20252
  • MyTreat, Inc.Apr 1, 2021 to Apr 1, 20212

Timeline

  1. Aug 11, 20268-K Other events22
  2. Jun 25, 20268-K Entered a material agreement; Unregistered sale of shares23
  3. May 15, 20268-K Other events24
  4. Apr 30, 20268-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed25
  5. Apr 15, 20268-K Other events26
  6. Mar 19, 20268-K Executive or director change27
  7. Feb 2, 20268-K Bylaws or fiscal year changed; Other events28
  8. Jan 22, 20268-K Executive or director change; Regulation FD disclosure29
  9. Jan 20, 20268-K Regulation FD disclosure; Other events30
  10. Dec 16, 20258-K Shareholder vote31
  11. Sep 10, 20258-K Regulation FD disclosure32
  12. Aug 15, 20258-K Other events33
  13. Mar 11, 2025New chief executive Kent Wilson becomes CEO12
  14. Mar 11, 2022New chief executive Panagiotis Nikolaos Lazaretos becomes CEO13

Filings

126 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 37 major events, 27 insider forms, 7 private raises, 33 other. The latest 20:

  1. Aug 13, 2026424B3 EDGAR
  2. Aug 11, 2026DEF 14C EDGAR
  3. Aug 11, 20268-K EDGAR
  4. Aug 10, 202610-Q EDGAR
  5. Jul 13, 2026PRE 14C EDGAR
  6. Jul 2, 2026D EDGAR
  7. Jun 25, 20268-K EDGAR
  8. May 20, 2026424B3 EDGAR
  9. May 15, 20268-K EDGAR
  10. May 15, 202610-Q EDGAR
  11. Apr 30, 20268-K EDGAR
  12. Apr 28, 2026EFFECT EDGAR
  13. Apr 23, 2026POS AM EDGAR
  14. Apr 22, 20264 PRIMARY DOCUMENT EDGAR
  15. Apr 22, 20264 PRIMARY DOCUMENT EDGAR
  16. Apr 22, 20264 PRIMARY DOCUMENT EDGAR
  17. Apr 15, 20268-K EDGAR
  18. Apr 15, 202610-K EDGAR
  19. Apr 13, 20264 PRIMARY DOCUMENT EDGAR
  20. Apr 13, 20263 PRIMARY DOCUMENT EDGAR

The 126 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 26, 2025Maridakis Helen VCFOSale1,800,000Form 4
Feb 26, 2025Ioannou NikolaosCOOSale8,100,000Form 4
Feb 26, 2025LAZARETOS PANAGIOTIS NIKOLAOSCEOSale8,100,000Form 4

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2023Former ChiefExecutive Officer$18.0K34
2023Former Chief Accounting Officer/Chief Financial Officer$18.0K34
2023Nikolaos Ioannou$18.0K34

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 18, 2026Raised $100,000 in a private offering of equity Form D: $750,000 offered in all Form D
  2. Aug 3, 2023Filed a private offering of securities Form D: $5 million offered in all Form D
  3. May 31, 2023Filed a private offering of equity Form D: named in the filing: Panagiotis Nikolaos Lazaretos Form D
  4. Apr 7, 2021Raised $78,000 in a private offering of equity Form D: 3 investors so far Form D

SEC filer profile

How DYNAMIC AEROSPACE SYSTEMS Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDYNAMIC AEROSPACE SYSTEMS Corp1
  • CIK0001854526
  • Employer ID (EIN)86-22654203
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3721 Aircraft1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address3753 Plaza Dr, Ann Arbor, MI 481081
  • Phone734-773-37761
  • Shares outstanding32,489,996 as of Aug 6, 20269
  • Public float$9.8M as of Jun 30, 20253
  • AuditorRBSM LLP, New York, NY PCAOB ID 587; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceApr 1, 20211
  • Filings127 in all: 8-K (36), 10-Q (14), 4 (14), 3 (11), 10-K (5), CORRESP (5), D (4), D/A (4)1
    All 24 form types

    NT 10-Q (4), 10-Q/A (3), EFFECT (3), NT 10-K (3), S-1/A (3), UPLOAD (3), 3/A (2), 424B3 (2), DEF 14C (2), PRE 14C (2), S-1 (2), 8-A12G (1), 8-K/A (1), DEF 14A (1), POS AM (1), PRE 14A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Oct 28, 2025
    Latest 8-K (8-K) Aug 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks DYNAMIC AEROSPACE SYSTEMS Corp names in Item 1A of its 10-K filed Apr 15, 2026: 75 risks under these headings, as written.3

  • Risks Related to Our Business
  • We have a limited operating history in new and evolving markets, which may make it difficult to evaluate our current business and future prospects and increase the risk of your investment.
  • We are an early-stage company with a history of losses, and we expect to incur significant expenses and continuing losses for the foreseeable future.
  • We have made and may in the future make acquisitions and investments, which involve numerous risks.
  • We may not be able to successfully integrate the businesses and personnel of acquired companies and businesses, including those acquired in the Asset Acquisition Transaction, and may not realize the anticipated synergies and benefits of such acquisitions.
  • We face significant competition from other UAV and aerospace technology companies, many of which have substantially greater resources and established market positions
  • We may not be able to keep pace with technological advances and we depend on advances in technology by other companies.
  • Due to the nature of our products and services, a product safety failure, quality issue or other failure affecting our or our customers’ or suppliers’ products or systems could seriously harm our business.
  • Our customers may experience service failures or interruptions due to defects in the software, infrastructure, components or engineering system that compromise our products and services, or due to errors in product installation, any of which could harm our business.
  • Our future success depends on the continuing efforts of our key personnel and on our ability to attract and retain highly skilled personnel and senior management.
  • If our information technology systems or data, or the third parties with whom we work, are or were compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse consequences, risks which are amplified by our work for world governments.
  • Market Size and Adoption Risks for Dynamic Aerospace Systems UAV Solutions
The other 64 risks
  • The sizes of the markets for our current and future UAV solutions may be smaller than we estimate.
  • The market for commercial UAVs, including hybrid VTOL platforms and electric multicopters, is still emerging and may not scale as expected.
  • The markets in which we compete are characterized by rapid technological change, which requires us to develop new products and product enhancements and could render our existing products obsolete.
  • We expect to incur substantial research and development costs and devote significant resources to identifying and commercializing new products and services, which could significantly reduce our profitability and may never result in revenue for us.
  • We are still in the development and operational scaling phase for our UAV platforms and have not yet achieved mass production or full regulatory clearance.
  • Establishing consistent UAV manufacturing, engineering, and supply chain capabilities remains a key challenge.
  • Performance of our UAVs may differ from projections and real-world conditions may reveal design or system limitations.
  • Our UAV products and services are complex and could have unknown defects or errors, which may give rise to claims against us, diminish our brand or divert our resources from other purposes.
  • Our future profitability may be dependent upon achieving cost reductions and projected economies of scale from increasing manufacturing quantities of our products. Failing to achieve such reductions in manufacturing costs and projected economies of scale could materially adversely affect our business.
  • If we experience harm to our reputation and brand by customers, employees or operators, our business, financial condition, and results of operations could be adversely affected.
  • Technology Development, Production, and Operational Risk Factors for Dynamic Aerospace Systems UAV Platforms
  • To reach commercial scale UAV production, we must complete the development of complex software, avionics, and propulsion technologies in collaboration with key suppliers, and there is no assurance these systems will be successfully brought to market.
  • Our UAV platforms depend on emerging technologies that may not achieve commercial readiness, performance targets, or cost efficiency at scale
  • Manufacturing and providing services for our drones and UAVs is highly dependent upon the availability of certain suppliers, thereby making us vulnerable to supply problems that could harm our business.
  • Scaling UAV production to meet demand presents manufacturing and certification challenges unique to the unmanned aerospace sector
  • As UAV operations scale, there is a risk of technical, human, or cyber failures leading to safety incidents and potential grounding
  • The operation of UAVs in urban environments may be subject to risks, such as accidental collisions and transmission interference, which may limit demand for our UAVs in such environments and harm our business and operating results.
  • Mass production of UAVs will require thorough regulatory testing and approval which may not occur on the timelines anticipated
  • Our ability to meet production goals depends on finalizing UAV design, securing parts, establishing production lines, and completing systems integration on schedule
  • Risks Related to Legal and Regulatory Requirements
  • Many of our products and services are subject to local, state, federal and international regulatory frameworks that are costly to comply with, are subject to interpretation, may be dependent on political pressures and factors and/or are subject to change.
  • Our business is highly regulated and our ability to generate revenues and profit may be limited by regulatory restrictions and/or changes and the speed with which such restrictions and/or changes occur.
  • We are subject to the risks associated with conducting international business operations.
  • Economic, political and other risks associated with our international operations could adversely affect our revenues and international growth prospects.
  • Our international operations require us to comply with U.S. and certain foreign anti-corruption laws and regulations, export and import controls, economic sanctions and embargoes. We could face liability and other serious consequences for violations, which could materially adversely affect our business and reputation.
  • We may be unable to source and sell our products profitably or at all if new trade protections are imposed or existing protections become more burdensome.
  • Risks Associated with Our Business and Operations
  • We are an "emerging growth company," and the reduced disclosure requirements applicable to "emerging growth companies" could make our common stock less attractive to investors.
  • Significant time and management resources are required to ensure compliance with public company reporting and other obligations. Taking steps to comply with these requirements will increase our costs and require additional management resources, and does not ensure that we will be able to satisfy them.
  • As we review our internal controls and procedures, we may determine that they are ineffective or have material weaknesses, which could impact the market's acceptance of our filings and financial statements.
  • Our compliance with the Sarbanes-Oxley Act and SEC rules concerning internal controls may be time consuming, difficult and costly.
  • We are controlled by Aerospace Capital Partners, LLC, and our officers and directors, whose interests may differ from those of public stockholders.
  • We may not be able to maintain the listing of the shares of our common stock on the NYSE American.
  • Growth and development of operations will depend on the growth of our acquisition model as well as from organic growth from our business segments. If we cannot find desirable acquisition candidates, we may not be able to generate growth with future revenues.
  • We may make acquisitions which could divert the attention of management and which may not be integrated successfully into our existing business.
  • As we acquire companies or technologies in the future, they could prove difficult to integrate, disrupt our business, dilute stockholder value and adversely affect our operating results and the value of your investment.
  • Competition that we face is varied and strong.
  • Our success in business and operations will depend on general economic conditions.
  • Changes in geopolitical conditions, domestic and foreign trade policies, monetary policies and other factors beyond our control may adversely impact our business and operating results.
  • We may not be able to successfully implement our business strategy, which could adversely affect our business, financial condition, results of operations and cash flows. If we cannot successfully implement our business strategy, it could result in the loss of value for our shareholders.
  • Our revenue growth rate depends primarily on our ability to satisfy relevant channels and end-customer demands, identify suppliers and vendors of our necessary materials and to coordinate those suppliers and vendors, all subject to many unpredictable factors.
  • We are an early-stage company with a history of losses, and there is substantial doubt as to our ability to continue as a going concern.
  • Insurance coverage, even where available, may not be sufficient to cover losses we may incur.
  • We face risks and uncertainties related to litigation.
  • Cybersecurity risks and cyber incidents, including cyber-attacks, could adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information and confidential information in our possession and damage to our business relationships, any of which could negatively impact our business, financial condition and operating results.
  • Failure to maintain the security of our information and technology networks or data security breaches could harm our reputation and have a material adverse effect on our results of operations, financial condition and cash flow.
  • We rely significantly on the use of information technology, as well as those of our third-party service providers. Our failure or the failure of third-party service providers to protect our website, networks, and systems against cybersecurity incidents, or otherwise to protect our confidential information, could damage our reputation and brand and substantially harm our business, financial condition, and results of operations.
  • If we fail to protect or incur significant costs in defending or enforcing our intellectual property and other proprietary rights, our business, financial condition, and results of operations could be materially harmed.
  • We may be sued by third parties for alleged infringement of their proprietary rights, which could be costly, time-consuming and limit our ability to use certain technologies in the future.
  • Risks Related to our Manufacturing Business
  • We may experience component shortages, delays, price fluctuations and supplier quality concerns.
  • Increased competition may result in reduced demand or reduced prices for our services.
  • Risks Related to Ownership of Our Common Stock
  • As a result of our history of losses and negative cash flows from operations, our audited financial statements contain a statement regarding a substantial doubt about our ability to continue as a going concern.
  • An active trading market for our common stock may not develop or be sustained.
  • The trading price of our common stock may be volatile, and you could lose all or part of your investment.
  • We do not intend to pay dividends on our common stock so any returns will be limited to the value of our stock.
  • Our principal stockholders and management own a significant percentage of our stock and will be able to exert significant control over matters subject to stockholder approval.
  • Future issuances of debt or equity securities may adversely affect us, including the market price of our common stock, and may be dilutive to existing stockholders.
  • Any issuance of additional capital stock in connection with financings, acquisitions, investments, our stock incentive plan or otherwise will dilute all other stockholders.
  • We have broad discretion in the use of the net proceeds from the Purchase Agreement with the Selling Shareholder, and we may not use them effectively.
  • We may, in the future, issue additional securities, which would reduce our stockholders' percent of ownership and may dilute our share value.
  • Raising additional capital or purchasing businesses through the issuance of common stock will cause dilution to our existing stockholders.
  • Raising additional capital may restrict our operations or require us to relinquish rights.
  • Market volatility may affect our stock price and the value of your shares.
  • Future sales of our common stock may cause our stock price to decline.
  • We may issue preferred stock with voting and conversion rights that could adversely affect the voting power of the holders of common stock.
  • We will have broad discretion in how we use the net proceeds of future capital raising transactions. We may not use these proceeds effectively, which could affect our results of operations and cause our stock price to decline.

Legal proceedings

We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company, threatened against or affecting us, our common stock, or of our companies’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
    SEC EDGAROther events
  23. 23
  24. 24
    SEC EDGAROther events
  25. 25
  26. 26
    SEC EDGAROther events
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
    SEC EDGAROther events
  34. 34