DYNAMIC AEROSPACE SYSTEMS Corp
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
View on SEC.govAbout this filing
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
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-K
Period ended 2023-12-31; filed 2024-04-01.
0001477932-24-001718
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-K
Period ended 2024-12-31; filed 2025-04-01.
0001477932-25-002285
Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 20 previous paragraphs and 18 current paragraphs.
12 unchanged; 4 reworded; 2 added; 4 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 4 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
In support of its strategic transformation into a drone manufacturing and autonomous logistics company, BrooqLy, Inc. intends to raise new growth capital to fund product development, operational expansion, and the integration of its proprietary BrooqLy software platform. To facilitate this effort, the Company plans to engage a reputable investment bank to advise on and execute a structured capital raise. This will include potential equity and/or debt offerings aimed at fueling the Company’s entry into the UAV and autonomous delivery sectors, expanding its technology stack, and establishing key commercial partnerships. The capital raise will be aligned with the Company’s long-term vision and will be critical to positioning BrooqLy, Inc. as an innovation leader in next-generation aerospace logistics.
Current report
Brooqly is using ACP’s capital and banking connections to grow. It expects to work with new investment banking partners and add capital structures to bring in more funds. The company also anticipates its new UAV sales channels will start producing profitable revenue.
Removed paragraphs (4)
Previous report
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Previous report
COVID-19 Related Risks
Previous report
THE FUTURE OUTBREAK OF COVID-19 MAY AGIN RESULT IN A WIDESPREAD HEALTH CRISIS THAT COULD ADVERSELY AFFECT THE ECONOMIES AND FINANCIAL MARKETS WORLDWIDE
Previous report
We anticipate that we will incur $360,000 of total expenses over the next year with operating expenses of approximately at a burn rate of $30,000 per month as follows: (a) product development - $150,000; (b), marketing - $15,000; and (c) international business development - $75,000 and (d) $120,000 for various operating expenses. Based on our current cash position of $2 as of December 31, 2023, we will not be able to conduct our operations for even 1 month, our future operations are contingent upon obtaining additional financing. There is no assurance that we will be able to obtain or on terms acceptable to us.
Reworded paragraphs (4)
Previous wording
Results of Operations****for Fiscal Year Ended December 31, 2023
Current wording
Results of Operations for Fiscal Year Ended December 31, 2024 and 2023
Previous wording
Our cash flows used in operating activities were $80,826 and $28,328 for the year ended December 31, 2023 and December 31, 2022, respectively, which is attributed primarily to legal and auditing services. The $52,498 increase is mainly due to the shares issued for the convertible loan.
Current wording
Our cash flows used in operating activities were $34,098 for the year ended December 31, 2024 compared to the cash used in operating activities of $80,827 for the year ended December 31, 2023. The $46,729 decrease is mainly due to shares issued for convertible loans.
Previous wording
Net cash flow used in investing activities was $74,173 and $99,707 for our software for the years ended December 31, 2023 and December 31, 2022, respectively.
Current wording
Net cash flow used in investing activities was $85,871 and $74,173 for our software for the years ended December 31, 2024 and December 31, 2023, respectively.
Previous wording
Our cash flows from financing activities were $155,000, consisting of $100,000 shares issued for cash and $55,000 for cash received from two Promissory Notes as of December 31, 2023. For the previous year ended December 31, 2022 our cash flows from financing activities were $98,000, consisting of $78,000 shares issued for cash and $20,000 for shares issued for services.
Current wording
Our cash flows from financing activities were $120,000, consisting of 150,000 shares issued for cash for the exercise of warrants and $90,000 received from three promissory notes as of December 31, 2024. For the previous year ended December 31, 2023, our cash flows from financing activities were $155,000, consisting of $100,000 for shares issued for cash and $55,000 for cash received from two Promissory Notes as of December 31, 2023.