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DYNAMIC AEROSPACE SYSTEMS Corp

For the period ended Dec 31, 2024. Filed Apr 1, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 1, 2025

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the annual period ended December 31, 2024

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number

000-56399

BrooQLy Inc.

(Exact name of small business issuer as specified in its charter)

Nevada86-2265420
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

**10101 S. Robert Road, Suite 209 **

Palos Hills, Illinois 60465

(Address of principal executive offices)

718-705-8770

(Company’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐No ☒

Indicate by check mark whether the registrant has submitted electronically, if any, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large Accelerated Filer☐Accelerated Filer☐
Non-Accelerated Filer☐Smaller Reporting Company☒
Emerging Growth Company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☒

As of March 31, 2025, there were 25,615,000 shares outstanding.

The aggregate market value of the voting and non-voting common equity held by nonaffiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of June 30, 2024, was $3,219,000.

TABLE OF CONTENTS

Page
PART I
Item 1.Business4
Item 1ARisk Factors8
Item 1BUnresolved Staff Comments12
Item 1CCybersecurity12
Item 2.Properties12
Item 3.Legal Proceedings12
Item 4.Mine Safety Disclosures12
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities13
Item 6.[Reserved.]13
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations13
Item 7a.Quantitative and Qualitative Disclosures About Market Risk15
Item 8.Financial Statements and Supplementary Data16
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure17
Item 9a.Controls and Procedures17
Item 9b.Other Information17
Item 9cDisclosure Regarding Foreign Jurisdictions that Prevent Inspections.17
PART III
Item 10.Directors and Executive Officers and corporate governance18
Item 11.Executive Compensation21
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters22
Item 13.Certain Relationships and Related Transactions, and Director Independence22
Item 14.Principal Accountant Fees and Services22
PART IV
Item 15.Exhibits and Financial Statement Schedules.23
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.