10-Q

Quarterly report

✓ VerifiedStarfighters Space's quarterly report shows no revenue, a wider net loss, and disclosures of unauthorized transfers exceeding $1.9 million from subsidiary accounts that the company intends to recover.

Filed May 20, 2026 · 19:25 ET

Summary

The company reported no revenue for the quarter, with the net loss analysis citing an increase of $1,616,024 over the prior-year period.
The filing discloses unauthorized withdrawals and transfers from subsidiary accounts totaling $1,921,159, which the company intends to pursue recovering.
Flagship Bank and Regions Bank placed restrictions on subsidiary accounts holding over $1.1 million and approximately $0.2 million respectively amid the dispute.
The aircraft purchase agreement required a $5,000,000 initial deposit advance, paid in two instalments of $2,500,000 in early 2025.

Key facts

Disputed transfers: $1,921,159
From the filing for Disputed transfers
“Such amounts total to $1,921,159, which the Company intends to pursue a recovery of”
Restricted accounts: over $1.1 million
From the filing for Restricted accounts
“held cash and short-term investments totaling over $1.1 million”

Why it mattersBanking disputes and unauthorized transfers are unusual disclosures that put governance in focus alongside the pre-revenue operations.

Filed: May 20, 2026
Accepted: 2026-05-19 23:25Z
Period: Mar 31, 2026
Accession no.: 0001062993-26-002803
Size: 6.3 MB
Index: Filing index

Summary

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