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SDCO on OTC

SDR Drone, Inc.

SDR Drone, Inc. is an American aircraft company, incorporated in Florida, listed on OTC (SDCO).1 It is headquartered in Escondido, California.1

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Last updated Oct 21, 2026.

Overview

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  • TickerSDCO on OTC1
  • IndustryAircraft1
  • HeadquartersEscondido, California1
  • Incorporated inFL2
  • Business address305 Enterprise, Suite 2, Escondido, Ca 920202
  • Filer category, Emerging growth company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

85.4%Gross margin3
-21.2%Operating margin4
-110.3%Net margin4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue15¢$89.1K
  • Other costs85¢$520.5K

Out of $609.5K in revenue.34 The company lost money this year.

Financial statements

Operating income5634-$129.2K in 2024−10% since 2021
-$150.0K-$100.0K-$50.0K02021: -$143.9K-$143.9K20212022: -$103.6K-$103.6K2022−28%2023: -$47.6K-$47.6K2023−54%2024: -$129.2K-$129.2K2024+171%
Net income5634-$672.1K in 2024+355% since 2021
-$800.0K-$600.0K-$400.0K-$200.0K02021: -$147.7K-$147.7K20212022: -$288.5K-$288.5K2022+95%2023: -$195.1K-$195.1K2023−32%2024: -$672.1K-$672.1K2024+244%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
General and administrative$97.1K$22.1K
Professional fees$81.0K$50.4K
Compensation expense$50.0K$56.7K
Total operating expenses$228.1K$129.2K
Loss from operations-$228.1K-$129.2K
Interest expense-$154.3K-$72.2K
Gain on forgiveness of debt$265.8K
Bad debt expense-$181.3K-$100.0K
Amortization of debt discount-$351.4K-$216.8K
Change in fair value of derivative-$280.5K$161.6K
Loss on issuance of convertible note-$513.5K-$278.2K
Loss for legal liability-$16.9K
Interest waived off$29.8K
Total other expense-$1.5M-$239.7K
Net loss before income taxes-$1.7M-$368.8K
Net loss from continued operations-$1.7M-$368.8K
Net loss from discontinued operations-$303.2K
Net loss-$1.7M-$672.1K
Net loss per share - basic$0.00-$0.56
Net loss per share - diluted$0.00-$0.56
Weighted average shares outstanding - basic39.0M shares1.2M shares
Weighted average shares outstanding - diluted39.0M shares1.2M shares

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Corporate structure

SDR Drone, 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 SDR Drone, Inc.

  • NICOSEL, LLC Filed SCHEDULE 13G on SDR Drone, Inc., latest Apr 27, 2026
  • Bruce Bent Filed SC 13D on SDR Drone, Inc., latest Aug 30, 2023
  • SDR Drone, Inc. Escondido, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SDR Drone, 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.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$04 Dec 31, 2025$04 Dec 31, 2024
Deposits held (banks)$20.9K4 Dec 31, 2025

Properties, in its own words

We do not own any real property. Our former Director, John D. Murphy, Jr., provides complimentary office space for our company.

Item 2 of the 10-K filed Apr 28, 2026.9

Former names

  • HALLMARK VENTURE GROUP, INC.Feb 4, 2011 to Jun 16, 20262
  • HALLMARK VENTURE GROUPJun 24, 2005 to Jun 24, 20052

Timeline

  1. Oct 7, 20268-K Other events10
  2. Sep 9, 20268-K Earlier financial statements no longer reliable11
  3. Jul 16, 20268-K Bylaws or fiscal year changed12
  4. Jun 16, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation13
  5. Jun 3, 20268-K Entered a material agreement14
  6. May 15, 20258-K Entered a material agreement; Completed an acquisition or sale; Change in control15
  7. May 13, 20258-K Change of auditor16
  8. Nov 21, 20248-K Entered a material agreement17
  9. Nov 5, 20248-K Entered a material agreement; Executive or director change18
  10. Oct 2, 20248-K Entered a material agreement; Completed an acquisition or sale; Change in control19
  11. May 9, 20248-K Entered a material agreement; New debt or obligation20
  12. Apr 18, 20248-K Entered a material agreement; New debt or obligation21

Filings

59 filings to the SEC since October 2021: 6 annual reports, 12 quarterly reports, 20 major events, 2 large holders, 19 other. The latest 20:

  1. Oct 7, 20268-K EDGAR
  2. Sep 9, 20268-K EDGAR
  3. Aug 14, 202610-Q EDGAR
  4. Jul 31, 20261-A EDGAR
  5. Jul 16, 20268-K EDGAR
  6. Jun 16, 20268-K EDGAR
  7. Jun 15, 2026SC 14F1 EDGAR
  8. Jun 3, 20268-K EDGAR
  9. May 29, 202610-Q EDGAR
  10. May 28, 202610-K/A EDGAR
  11. May 15, 2026NT 10-Q EDGAR
  12. Apr 28, 202610-K EDGAR
  13. Apr 27, 2026SCHEDULE 13G EDGAR
  14. Mar 26, 2026NT 10-K EDGAR
  15. Nov 20, 202510-Q EDGAR
  16. Nov 14, 2025NT 10-Q EDGAR
  17. Sep 24, 202510-Q EDGAR
  18. Aug 13, 2025NT 10-Q EDGAR
  19. Jul 14, 202510-Q EDGAR
  20. May 15, 20258-K EDGAR

The 59 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.

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.

SEC filer profile

How SDR Drone, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSDR Drone, Inc.1
  • CIK0001331421
  • Employer ID (EIN)34-20015319
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company9
  • Incorporated inFlorida9
  • Fiscal year endsDecember 311
  • Industry code (SIC)3721 Aircraft1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address305 Enterprise, Suite 2, Escondido, CA 920201
  • Phone714 538 52141
  • Shares outstanding66,877,720 as of Aug 10, 20268
  • Public float$1.7M as of Jun 30, 20259
  • AuditorINTEGRITAT CPA, Boca Raton, Florida PCAOB ID 6624; no auditor attestation of internal control over financial reporting9
  • On EDGAR sinceJun 24, 20051
  • Filings62 in all: 8-K (20), 10-Q (11), NT 10-Q (5), UPLOAD (5), 10-K (4), 10-12G (2), 10-K/A (2), D (2)1
    All 18 form types

    NT 10-K (2), 1-A (1), 10-12G/A (1), 10-Q/A (1), CORRESP (1), REGDEX (1), RW (1), SC 13D (1), SC 14F1 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Apr 28, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Oct 7, 2026

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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