FLYWHEEL ADVANCED TECHNOLOGY, INC. (FWFW) Form 10-Q — May 14, 2026
Flywheel Advanced Technology reported a net loss of $73,392 for the six months ended March 31, 2026, with zero revenue generated. The company holds only $1,836 in cash and carries an accumulated deficit of $10.1 million, relying on $87,350 in interest-free advances from a related party to fund operations. Management disclosed four material weaknesses in internal controls, including a lack of a functioning audit committee and inadequate segregation of duties. The company dismissed its previous auditor, BCRG, and engaged WSJ And Partners to review the quarterly financials.
Key figures
- Revenue
- 0
- Total Debt
- 1009204
- Total Assets
- 4900
- Cash Position
- 1836
- Shares Outstanding
- 29591164
- Related party debt
- 993692
Price after filing
Close on the filing date to close N calendar days later (from $0.09). Historical, not a forecast.
AI analysis
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