SKYQ on Nasdaq
Sky Quarry Inc.
American hazardous waste management company based in Woods Cross2
In its 2026 annual report the company says: “We operate a regional refinery (the Eagle Springs Refinery) producing diesel, vacuum gas oil (VGO), naphtha and liquid paving asphalt from crude oil suppliers in the Uintah basin near Nevada and Utah.”4 Its shares trade on Nasdaq under the symbol SKYQ.2
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Last updated Oct 20, 2026.
Overview
- TickerSKYQ on Nasdaq2
- IndustryHazardous Waste Management2
- HeadquartersWoods Cross, United States2
- Incorporated inDE3
- Business address707 W. 700 S., Suite 101, Woods Cross, Ut 840873
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI984500E77CD1BD1WC0962
- StatusActive2
- LEI statusIssued and current2
- Registered addressCORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 74517192
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We operate a regional refinery (the Eagle Springs Refinery) producing diesel, vacuum gas oil (VGO), naphtha and liquid paving asphalt from crude oil suppliers in the Uintah basin near Nevada and Utah. In addition to our goal of growing the refinery, we have a separate division in the development-stage (P.R. Springs) formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soil, providing sustainable refined crude products. We anticipate several benefits from the recycling and production of oil from asphalt shingles reducing the dependence on landfills for the disposal of waste and reducing dependence on foreign oil.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net sales | $12.5M | $23.4M |
| Cost of goods sold | $15.6M | $24.8M |
| Gross margin | -$3.1M | -$1.4M |
| General and administrative | $6.1M | $6.1M |
| Depreciation and amortization | $9.8K | $5.9K |
| Total operating expenses | $6.1M | $6.1M |
| Loss from operations | -$9.2M | -$7.5M |
| Loss on issuance of private placement | $0 | -$1.9M |
| Interest expense | -$3.2M | -$6.5M |
| Loss on extinguishment of debt | -$103.9K | -$241.3K |
| Gain on warrant revaluation | $361.6K | $1.5M |
| Other income (expense) | -$46.4K | $35.6K |
| Gain (loss) on disposal of assets | $1.7K | -$25.1K |
| Other expense, net | -$2.9M | -$7.2M |
| Loss before provision for income taxes | -$12.2M | -$14.7M |
| Provision for income taxes | $0 | $0 |
| Net loss | -$12.2M | -$14.7M |
| Exchange loss on translation of foreign operations | -$694 | -$8.2K |
| Net loss and comprehensive loss | -$12.2M | -$14.7M |
| Loss per common share - Basic and diluted | -4 shares | -6 shares |
| Weighted average number of shares outstanding - basic and diluted | 2.8M shares | 2.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $35.4K | $385.1K | |
| Accounts receivables | $4.7K | $1.1M | |
| Prepaid expenses and other assets | $609.3K | $339.1K | |
| Inventory | $678.4K | $3.1M | |
| Total current assets | $1.3M | $5.0M | |
| Property, plant and equipment | $5.1M | $6.2M | |
| Oil and gas properties | $8.8M | $8.5M | $7.7M |
| Restricted cash | $770.3K | $2.9M | |
| Right-of-use-asset | $35.2K | $1.1M | |
| Goodwill | $3.2M | $3.2M | |
| Total assets | $19.2M | $26.9M | |
| Accounts payable and accrued expenses | $4.5M | $4.0M | |
| Current portion of operating lease liability | $36.3K | $38.4K | |
| Current portion of finance lease liability | $0 | $16.1K | |
| Warrant liabilities | $97.5K | $459.1K | $0 |
| Lines of credit | $1.5M | $1.3M | |
| Current portion of notes payable | $9.0M | $6.6M | |
| Total current liabilities | $15.1M | $12.4M | |
| Notes payable, net of current portion | $907.1K | $2.0M | |
| Operating lease liability, net of current portion | $0 | $77.8K | |
| Finance lease liability, net of current portion | $0 | $971.7K | |
| Total liabilities | $16.0M | $15.4M | |
| Common Stock $0.0001 par value: 2,000,000,000 shares authorized: 3,233,329 and 2,378,401 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $2.6K | $1.9K | |
| Additional paid in capital | $39.6M | $35.7M | |
| Accumulated other comprehensive loss | -$212.8K | -$209.7K | |
| Accumulated deficit | -$36.2M | -$24.0M | |
| Total shareholders' equity | $3.2M | $11.5M | $13.1M |
| Total liabilities and shareholders' equity | $19.2M | $26.9M | |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
| Common Stock, Shares Authorized | 2.0B shares | 2.0B shares | |
| Common Stock, Shares, Issued | 3.2M shares | 2.4M shares | |
| Common Stock, Shares, Outstanding | 3.2M shares | 2.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $35.4K | $385.1K | |
| Accounts receivables | $4.7K | $1.1M | |
| Prepaid expenses and other assets | $609.3K | $339.1K | |
| Inventory | $678.4K | $3.1M | |
| Total current assets | $1.3M | $5.0M | |
| Property, plant and equipment | $5.1M | $6.2M | |
| Oil and gas properties | $8.8M | $8.5M | $7.7M |
| Restricted cash | $770.3K | $2.9M | |
| Right-of-use-asset | $35.2K | $1.1M | |
| Goodwill | $3.2M | $3.2M | |
| Total assets | $19.2M | $26.9M | |
| Accounts payable and accrued expenses | $4.5M | $4.0M | |
| Current portion of operating lease liability | $36.3K | $38.4K | |
| Current portion of finance lease liability | $0 | $16.1K | |
| Warrant liabilities | $97.5K | $459.1K | $0 |
| Lines of credit | $1.5M | $1.3M | |
| Current portion of notes payable | $9.0M | $6.6M | |
| Total current liabilities | $15.1M | $12.4M | |
| Notes payable, net of current portion | $907.1K | $2.0M | |
| Operating lease liability, net of current portion | $0 | $77.8K | |
| Finance lease liability, net of current portion | $0 | $971.7K | |
| Total liabilities | $16.0M | $15.4M | |
| Common Stock $0.0001 par value: 2,000,000,000 shares authorized: 3,233,329 and 2,378,401 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $2.6K | $1.9K | |
| Additional paid in capital | $39.6M | $35.7M | |
| Accumulated other comprehensive loss | -$212.8K | -$209.7K | |
| Accumulated deficit | -$36.2M | -$24.0M | |
| Total shareholders' equity | $3.2M | $11.5M | $13.1M |
| Total liabilities and shareholders' equity | $19.2M | $26.9M | |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | |
| Common Stock, Shares Authorized | 2.0B shares | 2.0B shares | |
| Common Stock, Shares, Issued | 3.2M shares | 2.4M shares | |
| Common Stock, Shares, Outstanding | 3.2M shares | 2.4M shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$12.2M | -$14.7M |
| Share based compensation | $659.1K | $632.2K |
| Depreciation and amortization | $1.2M | $793.4K |
| Amortization of debt issuance costs | $1.5M | $4.5M |
| Amortization of ROU asset | $78.5K | $91.0K |
| Loss on issuance of warrants | $0 | $1.9M |
| Fair Value Adjustment of Warrants | -$361.6K | -$1.5M |
| Loss on extinguishment of debt | $103.9K | $241.3K |
| Loss (gain) on the sale of assets | -$1.7K | $25.1K |
| Accounts receivable | $1.1M | $2.4M |
| Prepaid expenses and other assets | -$82.6K | -$224.7K |
| Inventory | $2.5M | -$712.1K |
| Accounts payable and accrued expenses | $2.4M | -$857.8K |
| Operating lease liability | -$80.0K | -$69.8K |
| Net cash and restricted cash and cash equivalents used in operating activities | -$3.3M | -$7.5M |
| Proceeds from sale of assets | $14.1K | $0 |
| Purchase of property, plant, and equipment | -$133.6K | -$691.5K |
| Purchase of oil and gas development assets | -$248.5K | -$789.8K |
| Net cash and restricted cash and cash equivalents used in investing activities | -$368.1K | -$1.5M |
| Proceeds on lines of credit | $10.3M | $36.6M |
| Payments on lines of credit | -$10.1M | -$38.4M |
| Proceeds from note payable | $3.0M | $19.5M |
| Payments on note payable | -$2.0M | -$17.0M |
| Debt discount on notes payable | $0 | -$2.5M |
| Payments on finance leases | $0 | -$34.4K |
| Proceeds on issuance of preferred stock | $0 | $308.0K |
| Preferred stock offering costs | $0 | -$40.9K |
| Proceeds on issuance of common stock | $374 | $11.3M |
| Common stock offering costs | $0 | -$2.1M |
| Payment of debt issuance costs | -$85.5K | $0 |
| Net cash and restricted cash and cash equivalents provided by financing activities | $1.1M | $7.6M |
| Effects of exchange rate on cash | -$3.1K | -$8.2K |
| Increase (decrease) in cash and restricted cash and cash equivalents | -$2.5M | -$1.4M |
| Cash paid for interest | $715.5K | $6.5M |
| Cash paid for taxes | $5.8K | $25.1K |
| Issuance of warrants as loan origination costs | $721.0K | $4.8M |
| Common shares issued for non-cash consideration | $2.0M | $0 |
| Acquisition of right-of-use assets through financing lease | $0 | $1.0M |
| Disposal of right-of-use assets and associated financing lease | $980.1K | $0 |
| Conversion of debt | $481.9K | $107.5K |
No quarter-by-quarter statement was filed.
Corporate structure
Sky Quarry Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Sky Quarry Inc.
- JPMorgan Chase Filed SCHEDULE 13G/A on Sky Quarry Inc., latest Jul 7, 2026 (3 filings since Oct 30, 2024)
- Janey Mae Baker Filed SCHEDULE 13G on Sky Quarry Inc., latest Mar 27, 2026 (2 filings since Feb 7, 2025)
- ALLEGHENY MANUFACTURING, LLC Filed SCHEDULE 13G on Sky Quarry Inc., latest Apr 28, 2025
- Sky Quarry Inc. Woods Cross, Utah, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Sky Quarry Inc. 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
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $7.8M6 Dec 31, 2025 | $7.7M6 Dec 31, 2024 | +1.3% |
| Accumulated depreciation | $2.7M6 Dec 31, 2025 | $1.5M6 Dec 31, 2024 | +77.4% |
| Property and equipment, net | $5.1M6 Dec 31, 2025 | $6.2M6 Dec 31, 2024 | −17.4% |
| Operating-lease assets (leased space) | $35.2K6 Dec 31, 2025 | $1.1M6 Dec 31, 2024 | −96.8% |
| Oil and gas properties | $8.8M6 Dec 31, 2025 | $8.5M6 Dec 31, 2024 | +2.9% |
Intangibles and goodwill
Inventory
Properties, in its own words
Our principal executive offices are located at 707 W. 700 S. Suite 101, Woods Cross, UT 84087 and our telephone number is (424) 394-1090. We believe that our offices are sufficient for our current operations.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led Sky Quarry Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief executive officerMatthew C. Flemming May 29, 2026 to now9
- Chief executive officerMarcus G. Laun Nov 7, 2025 to May 29, 202610
- Chief executive officerDavid Sealock Oct 8, 2024 to Nov 7, 202511
- Chief financial officerMatthew C. Flemming May 29, 2026 to Aug 21, 20269
- Chief financial officerHeidi Christine Bowman Aug 21, 2026 to now12
- Chief financial officerMarcus G. Laun Nov 7, 2025 to May 29, 202610
- Chief financial officerDarryl Andre Delwo Oct 8, 2024 to Nov 7, 202513
Board members and other officers (9)
- Executive Vice PresidentMarcus G. Laun Oct 8, 2024 to Dec 4, 202414
- Board memberLeo B. Womack Feb 5, 2025 to now15
- Board memberTodd Palin Mar 7, 2025 to now16
- Board memberAlexander Monje Dec 2, 2025 to now17
- Board memberOmar Ayaz Hussein Dec 12, 2025 to now18
- Board memberRobert Francis Byrne Dec 12, 2025 to now19
- Board memberDavid Sealock Oct 8, 2024 to now11
- Board memberMarcus G. Laun Oct 8, 2024 to now14
- Board memberMatthew C. Flemming Oct 8, 2024 to now20
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorTravis Schneider named Sep 21, 202321
Timeline
- Oct 9, 20268-K Entered a material agreement; Unregistered sale of shares22
- Sep 24, 20268-K Regulation FD disclosure; Other events23
- Sep 22, 20268-K Shareholder vote24
- Aug 21, 20268-K Executive or director change25
- Jul 30, 20268-K Regulation FD disclosure26
- Jul 21, 20268-K Executive or director change27
- Jul 2, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation28
- Jun 22, 20268-K Regulation FD disclosure; Other events29
- May 29, 2026New chief executive Matthew C. Flemming becomes CEO9
- Apr 22, 20268-K Regulation FD disclosure30
- Apr 22, 20268-K Entered a material agreement31
- Mar 30, 20268-K Listing notice or transfer32
- Mar 5, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure33
- Nov 7, 2025New chief executive Marcus G. Laun becomes CEO10
- Oct 8, 2024New chief executive David Sealock becomes CEO11
- Jun 4, 2019Founded Sky Quarry Inc. is founded2
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/202634
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
174 filings to the SEC since October 2021: 5 annual reports, 6 quarterly reports, 33 major events, 40 insider forms, 6 large holders, 1 private raises, 83 other. The latest 20:
- Oct 9, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Sep 24, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Sep 22, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Sep 18, 2026424B5 FORM 424B5 FILING EDGAR
- Sep 4, 2026DEFA14A FORM DEFA14A FILING EDGAR
- Aug 21, 20263 PRIMARY DOCUMENT EDGAR
- Aug 21, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Aug 13, 202610-Q SKY QUARRY INC. - FORM 10-Q SEC FILING EDGAR
- Aug 6, 2026DEFA14A FORM DEFA14A FILING EDGAR
- Aug 6, 2026DEF 14A FORM DEF 14A FILING EDGAR
- Jul 30, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Jul 24, 2026PRE 14A FORM PRE 14A FILING EDGAR
- Jul 21, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Jul 7, 2026SCHEDULE 13G/A EDGAR
- Jul 2, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- Jun 22, 20268-K SKY QUARRY INC. - FORM 8-K SEC FILING EDGAR
- May 29, 20264 PRIMARY DOCUMENT EDGAR
- May 29, 20264 PRIMARY DOCUMENT EDGAR
- May 29, 20264 PRIMARY DOCUMENT EDGAR
- May 29, 20264 PRIMARY DOCUMENT EDGAR
The 174 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
18 open-market trades by officers, directors and large owners since October 2021: 1 buys and 17 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 1, 2025 | Sealock David | Sale | 40,500 | $0.41 | $16.6K | Form 4 |
| Nov 26, 2025 | Sealock David | Sale | 100,000 | $0.35 | $35.0K | Form 4 |
| Nov 25, 2025 | Sealock David | Sale | 100,000 | $0.37 | $37.0K | Form 4 |
| Nov 7, 2025 | Sealock David | Sale | 38,062 | $0.40 | $15.2K | Form 4 |
| Nov 5, 2025 | Sealock David | Sale | 20,405 | $0.41 | $8.4K | Form 4 |
| Nov 3, 2025 | Sealock David | Sale | 109,698 | $0.45 | $49.4K | Form 4 |
| Oct 31, 2025 | Sealock David | Sale | 81,835 | $0.46 | $37.6K | Form 4 |
| Oct 28, 2025 | Sealock David | Sale | 100,000 | $0.49 | $49.0K | Form 4 |
| Oct 21, 2025 | Sealock David | Sale | 68,557 | $0.43 | $29.5K | Form 4 |
| Oct 20, 2025 | Sealock David | Sale | 131,433 | $0.45 | $59.1K | Form 4 |
| Sep 24, 2025 | Sealock Valeria Vigas | Sale | 1,124,800 | $0.43 | $483.7K | Form 4 |
| Sep 23, 2025 | Sealock Valeria Vigas | Sale | 100,000 | $0.44 | $44.0K | Form 4 |
| Sep 8, 2025 | Delwo Darryl | Sale | 110,000 | $0.73 | $80.3K | Form 4 |
| Sep 8, 2025 | Delwo Sherrie | Sale | 81,473 | $0.66 | $53.4K | Form 4 |
| Aug 22, 2025 | Delwo Sherrie | Sale | 23 | $0.48 | $11 | Form 4 |
| Aug 21, 2025 | Delwo Sherrie | Sale | 4 | $0.48 | $2 | Form 4 |
| Aug 20, 2025 | Delwo Sherrie | Sale | 18,800 | $0.45 | $8.5K | Form 4 |
| Dec 3, 2024 | LAUN MARCUS GInterim CEO, Pres, Interim CFO | Buy | 1,200 | $0.94 | $1.1K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- JPMorgan ChaseSCHEDULE 13G/A, 3 filings Oct 30, 2024 to Jul 7, 202635
- Janey Mae BakerSCHEDULE 13G, 2 filings Feb 7, 2025 to Mar 27, 202636
- ALLEGHENY MANUFACTURING, LLCSCHEDULE 13G, 1 filing Apr 28, 202537
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.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Marcus LaunInterim Chief Executive Officer, Interim Chief Financial Officer, President | $225.0K | $337.6K38 | |
| 2025 | Matthew FlemmingExecutive Chairman | $20.8K | $260.4K38 | |
| 2025 | David SealockFormer Chief Executive Officer | $150.0K | $253.1K38 | |
| 2025 | Darryl DelwoFormer Chief Financial Officer | $112.5K38 | ||
| 2024 | David SealockFormer Chief Executive Officer | $206.2K38 | ||
| 2024 | Marcus LaunInterim Chief Executive Officer, Interim Chief Financial Officer, President | $206.2K38 | ||
| 2024 | Darryl DelwoFormer Chief Financial Officer | $175.5K38 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 21, 2023Filed a private offering of securities Form D: $12 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| UBS Group AG | 50,179 | $184.2K | 0.0% | +46,253 |
| Vanguard Capital Management LLC | 32,729 | $120.1K | 0.0% | +17,933 |
| Geode Capital Management, LLC | 32,592 | $119.6K | 0.0% | +5,258 |
| State Street Corp | 11,200 | $41.1K | 0.0% | New |
| Vanguard Fiduciary Trust Co | 11,183 | $41.0K | 0.0% | No change |
| Bank Of Montreal /can/ | 10,000 | $36.7K | 0.0% | New |
| StoneX Group Inc. | 10,516 | $33.4K | 0.0% | New |
| Financial Management Professionals, Inc. | 8,900 | $32.7K | 0.0% | New |
| Tower Research Capital LLC (TRC) | 3,745 | $13.7K | 0.0% | +2,336 |
| Mcguire Capital Advisors Inc | 2,000 | $7.3K | 0.0% | New |
| Seneschal Advisors, LLC | 625 | $2.3K | 0.0% | New |
| Royal Bank Of Canada | 666 | $2.0K | 0.0% | −33 |
| Steward Partners Investment Advisory, LLC | 262 | $962 | 0.0% | No change |
| Jones Financial Companies Lllp | 191 | $550 | 0.0% | No change |
| Huntington National Bank | 125 | $459 | 0.0% | No change |
| Investors Research Corp | 16 | $59 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Sky Quarry Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSky Quarry Inc.1
- CIK0001812447
- Employer ID (EIN)84-18030914
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)4955 Hazardous Waste Management1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address707 W. 700 S., Suite 101, Woods Cross, UT 840871
- Phone424-394-10901
- Shares outstanding8,833,390 as of Aug 12, 20268
- Public float$13.7M as of 4
- AuditorTanner LLP, Lehi, Utah PCAOB ID 2704
- On EDGAR sinceJul 7, 20211
- Filings182 in all: 8-K (33), 4 (30), CORRESP (14), 144 (11), 3 (11), UPLOAD (9), 1-A/A (7), 10-Q (6)1
All 35 form types
253G2 (5), 1-A POS (4), 1-SA (4), 1-U (4), QUALIF (4), SCHEDULE 13G (4), 1-K (3), 10-K/A (3), 424B5 (3), 1-A (2), 1-SA/A (2), 10-K (2), 253G1 (2), DEF 14A (2), DEFA14A (2), EFFECT (2), PRE 14A (2), S-1/A (2), 424B3 (1), 8-A12B (1), CERT (1), D (1), S-1 (1), S-3 (1), S-8 (1), SC 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Aug 6, 2026
Latest 8-K (8-K) Oct 9, 2026
Risk factors and legal proceedings
The risks Sky Quarry Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 52 risks under these headings, as written.4
- General Risks Related to our Business
- Our recurring losses from operations raise substantial doubt regarding our ability to continue as a going concern. Our ability to continue as a going concern requires that we obtain sufficient funding to finance our operations.
- We have outstanding debt that is past due and we are not currently making full payments to certain of our lenders pursuant to outstanding loans and merchant cash advance agreements which could result in our lenders declaring the loans to be in default.
- We have a limited operating history upon which you can evaluate our performance, have a history of losses and have only been operating the Eagle Springs Refinery since September 30, 2022. Accordingly, our prospects must be considered in light of the risks that any new company encounters.
- We depend on several significant customers, and a loss of one or more significant customers could adversely affect our results of operations.
- We depend on several principal suppliers for the majority of our crude oil. A disruption in supply or a change in our relationship with any one of them could adversely affect our business, financial condition and results of operations.
- Our future success is dependent on the continued service of our management team.
- The issuance of shares of our common stock as compensation to officers, directors, employees and consultants could have an adverse effect on our operating results and a dilutive effect on our shareholders.
- We entered into financing arrangements that contain covenants that could limit our ability to engage in certain transactions.
- Acquisition opportunities may present themselves that in hindsight did not achieve the positive results anticipated by our management.
- Environmental and regulatory compliance may impose substantial costs on us.
- We may be exposed to third party liability and environmental liability in the operation of our business.
The other 41 risks
- We rely on technology to conduct our business, and our technology could become ineffective or obsolete.
- An overall decline in the health of the economy and other factors impacting consumer spending, such as recessionary conditions, governmental instability, inclement weather, and natural disasters, may affect consumer purchases, which could reduce demand for our products and harm our business, financial condition, and results of operations.
- We are exposed to the impact of rising inflation rates, which could negatively affect our results of operations and our ability to invest and hold our cash.
- Failure to maintain an effective system of disclosure controls and procedures and internal control over financial reporting, or our failure to remediate our existing material weaknesses in our internal control over financial reporting, could have a material adverse effect on our results of operations, financial condition and cash flows.
- We have engaged in transactions with related parties, and such and other transactions in the future could present conflicts of interest that could have a material adverse effect on our results of operations, financial condition and cash flows.
- Our financial results may fluctuate from quarter to quarter due to certain maintenance requirements.
- Disruptions or breaches of our IT systems, due to cyber-attacks or otherwise, could cause us to lose financial and operational data, prevent us from efficiently operating our business and cause us to lose revenue and profits or incur significant costs.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
- Risks Related to Asphalt Shingle Recycling
- The nature of our waste asphalt shingle recycling operations may involve various risks.
- Our ECOSolv Technology May Not Work as Expected.
- The viability of our asphalt shingle recycling and reclamation business plan, business operations, and future operating results and financial condition are and will be exposed to fluctuating prices for our end-products.
- Because of the speculative nature of asphalt shingle recycling, there is a risk that our business may not succeed.
- The price for asphalt cement, shingle granules, sand aggregate, limestone and/or fiberglass is subject to a variety of factors that are beyond our control.
- The market for asphalt cement, shingle granules, sand aggregate, limestone and/or fiberglass may be highly competitive, and intensely competitive pressures could force us to abandon or curtail our business plan related to asphalt shingle recycling and reclamation.
- Decommissioning costs are unknown and may be substantial. Unplanned costs could divert resources from other projects.
- We may have difficulty marketing or distributing the asphalt cement, shingle granules, sand aggregate, limestone and/or fiberglass we may produce, which could harm our financial condition.
- We do not yet have a market for the anticipated recycled products that we expect to generate from our PR Spring Facility.
- Our shingle remediation activities will be dependent upon having an available supply of waste asphalt shingles from waste haulers, shingle manufacturers or other third parties.
- Risks Related to Oil Sands Exploration
- We do not have any proven oil reserves.
- The price of oil has historically been volatile.
- Oil sands development involves many risks.
- Risks Related to Oil Refining and Fuels Production
- Volatility in crude oil and wholesale diesel prices affect our business, financial condition and results of operations.
- There are difficulties in operating an oil refinery which could adversely affect our business, financial condition and results of operations.
- A significant decrease in demand for diesel and gasoline, including increased consumer preference for alternative fuels or improvements in fuel efficiency, in the areas we serve would materially affect our revenues and profitability.
- The industries in which we operate are subject to seasonal trends, which may cause our operating costs to fluctuate, affecting our cash flow.
- Our operations are subject to stringent environmental laws and regulations that may expose us to significant costs and liabilities that could exceed current expectations.
- A climate-related decrease in demand for crude oil could negatively affect our business.
- Our business operations may be materially adversely affected by negative impacts to the global economy, capital markets, or other geopolitical conditions resulting from economic uncertainty, armed conflicts, acts of terrorism, political unrest or health epidemics.
- Risks Related to Ownership of our Common Stock
- We may not be able to maintain a listing of our common shares on Nasdaq.
- We received a notice of noncompliance with the Nasdaq Capital Market minimum bid price requirement, and if we do not regain compliance by March 23, 2026, our common stock may be delisted; although our stockholders have approved a reverse stock split, there is no assurance that such action will restore or maintain compliance.
- The market price of our stock may be highly volatile, and you could lose all or part of your investment.
- An active, liquid trading market for our common stock may not be sustained, which may make it difficult for you to sell the common stock you purchase.
- Since we do not expect to pay any cash dividends for the foreseeable future, investors may be forced to sell their stock in order to obtain a return on their investment.
- If securities industry analysts do not publish research reports on us, or publish unfavorable reports on us, then the market price and market trading volume of our common stock could be negatively affected.
- Future issuances of our common stock or securities convertible into, or exercisable or exchangeable for, our common stock, or the expiration of lock-up agreements that restrict the issuance of new common stock or the trading of outstanding common stock, could cause the market price of our common stock to decline and would result in the dilution of your holdings.
- Future issuances of debt securities, which would rank senior to our common stock upon our bankruptcy or liquidation, and future issuances of preferred stock, which could rank senior to our common stock for the purposes of dividends and liquidating distributions, may adversely affect the level of return you may be able to achieve from an investment in our common stock.
- We expect to raise additional capital through equity and/or debt offerings to support our working capital requirements and operating losses.
- If our shares of common stock become subject to the penny stock rules, it would become more difficult to trade our shares.
- We are subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not emerging growth companies, and our stockholders could receive less information than they might expect to receive from more mature public companies.
- We are also a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to smaller reporting companies, this could make our
- securities less attractive to investors and may make it more difficult to compare our performance with other public companies.
Legal proceedings
From time to time, we have in the past and may in the future become subject to legal proceedings or claims arising in the ordinary course of our business. Except as described below, we are not currently a party to any legal proceedings, the outcome of which, if determined adversely, we believe would individually or in aggregate have a material adverse effect on our business, financial condition or results of operations.
KF Business Ventures
On March 4, 2026, KF Business Ventures, LP (“KF Business”), a California limited partnership, filed a complaint against Company, Foreland Refining Corp., a Texas corporation and wholly owned subsidiary of the Company, and 2020 Resources LLC, a Delaware limited liability company and wholly owned subsidiary of the Company, in the Third Judicial District Court of Salt Lake County, Utah.
The complaint arises from several contractual arrangements between KF Business and the defendants. First, KF Business alleges that the Company breached an Advisory Agreement dated December 2, 2024, pursuant to which the Company agreed to pay KF Business $10,500 plus $10,500 of the Company’s Common Stock per month in exchange for business advisory services. KF Business alleges that the Company has failed to pay $126,000 in cash and 41,096 shares of Common Stock owed through February 2026, with monthly payments continuing to accrue.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARSky Quarry Inc. filings on SEC EDGAR
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- 3SEC EDGARSky Quarry Inc. filings on SEC EDGAR
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- 5SEC EDGARSky Quarry Inc. 10-K for fiscal 2023
- 6SEC EDGARSky Quarry Inc. 10-K for fiscal 2024
- 7SEC EDGARSky Quarry Inc. 10-Q for fiscal 2026
- 8SEC EDGARSky Quarry Inc. 10-Q for fiscal 2026
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- 15SEC EDGARLeo B. Womack, Board member
- 16SEC EDGARTodd Palin, Board member
- 17SEC EDGARAlexander Monje, Board member
- 18SEC EDGAROmar Ayaz Hussein, Board member
- 19SEC EDGARRobert Francis Byrne, Board member
- 20SEC EDGARMatthew C. Flemming, Board member
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- 24SEC EDGARShareholder vote
- 25SEC EDGARExecutive or director change
- 26SEC EDGARRegulation FD disclosure
- 27SEC EDGARExecutive or director change
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- 30SEC EDGARRegulation FD disclosure
- 31SEC EDGAREntered a material agreement
- 32SEC EDGARListing notice or transfer
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- 34NasdaqNasdaq calendar
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