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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-Q**\n\n \n\n**☒******\n\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\nFor the quarterly period ended **March 31, 2026**\n\n \n\n**or**\n\n \n\n**☐******\n\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**000-56399**\n\n**Commission File Number**\n\n \n\n**DYNAMIC AEROSPACE SYSTEMS CORPORATION**\n\n(Exact name of small business issuer as specified in its charter)\n\n \n\n**Nevada**\n\n \n\n**86-2265420**\n\n(State or other jurisdiction of\n\nincorporation or organization)\n\n \n\n(I.R.S. Employer\n\nIdentification No.)\n\n \n\n**3753 Plaza Drive**\n\n**Ann Arbor, Michigan 48108**\n\n(Address of principal executive offices)\n\n \n\n**(734) 773-3776**\n\n(Company’s telephone number, including area code)\n\n \n\n__________________________________________________________________________\n\n(Former name, former address, and former fiscal year, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of Each Class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nNone\n\n \n\n \n\n \n\nIndicate 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 ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically 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 ☐\n\n \n\nIndicate 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.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☐\n\nSmaller reporting company\n\n☒\n\n(Do not check if a smaller reporting company)\n\nEmerging growth company\n\n☒\n\n \n\nIf 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. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐     No ☒\n\n \n\nAs of May 13, 2026, the Company had 29,779,451 common shares outstanding, which includes 417,627 shares issued in connection with an equity line of credit arrangement for which the proceeds had not yet been received as of March 31, 2026, and 15,374,651 Class B common shares outstanding.\n\n \n\n \n\n \n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n\n \n\n \n\n**Page**\n\n \n\n \n\n \n\n \n\n \n\n \n\n[PART I — FINANCIAL INFORMATION](#P1)\n\n \n\n \n\n \n\n[ITEM 1.](#P1I1)\n\n[Unaudited Condensed Financial Statements](#P1I1)\n\n \n\nF-1\n\n \n\n[ITEM 2.](#P1I2)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#P1I2)\n\n \n\n3\n\n \n\n[ITEM 3.](#P1I3)\n\n[Quantitative and Qualitative Disclosures about Market Risk](#P1I3)\n\n \n\n8\n\n \n\n[ITEM 4.](#P1I4)\n\n[Controls and Procedures](#P1I4)\n\n \n\n8\n\n \n\n \n\n \n\n \n\n \n\n \n\n[PART II — OTHER INFORMATION](#P2)\n\n \n\n \n\n \n\n[ITEM 1.](#P2I1)\n\n[Legal Proceedings](#P2I1)\n\n \n\n9\n\n \n\n[ITEM 1A.](#P2I1A)\n\n[Risk Factors](#P2I1A)\n\n \n\n9\n\n \n\n[ITEM 2.](#P2I2)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#P2I2)\n\n \n\n9\n\n \n\n[ITEM 5.](#i5oi)\n\n[Other Information](#i5oi)\n\n \n\n9\n\n \n\n[ITEM 6.](#P2I6)\n\n[Exhibits](#P2I6)\n\n \n\n10\n\n \n\n \n\n[Signatures](#SIG)\n\n \n\n11\n\n \n\n \n\n \n\n2\n\n \n\n \n\n**PART I.  FINANCIAL INFORMATION**"}