Flywheel Advanced Technology Files 2024 10-K

TL;DR

Flywheel (FWYT) filed its 2024 10-K. Check financials for FY ending 9/30/24.

AI Summary

Flywheel Advanced Technology, Inc. filed its 10-K for the fiscal year ending September 30, 2024, on January 14, 2025. The company, formerly known as PAN GLOBAL, CORP. and SAVVY BUSINESS SUPPORT INC, is incorporated in Nevada and operates in the miscellaneous business services sector. The filing covers the period from October 1, 2023, to September 30, 2024.

Why It Matters

This 10-K filing provides a comprehensive overview of Flywheel Advanced Technology's financial performance and business operations for the fiscal year 2024, crucial for investors and stakeholders to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific financial performance data or forward-looking statements that would indicate a high risk.

Key Numbers

• 2024-09-30 — Fiscal Year End (The end date of the reporting period for the 10-K.)
• 2025-01-14 — Filing Date (The date the 10-K was officially filed with the SEC.)
• 2023-10-01 — Reporting Period Start (The beginning date of the reporting period for the 10-K.)

Key Players & Entities

• FLYWHEEL ADVANCED TECHNOLOGY, INC. (company) — Filer
• PAN GLOBAL, CORP. (company) — Former Company Name
• SAVVY BUSINESS SUPPORT INC (company) — Former Company Name
• 0930 (date) — Fiscal Year End
• 20250114 (date) — Filing Date
• 20240930 (date) — Period of Report

FAQ

Key Financial Figures

• $0.07 — y $ 643,714 based on a closing price of $0.07 as of such date. Solely for purposes of
• $12,975,348 — , as amended (the "Securities Act") for $12,975,348.18, reducing its beneficial interest fr

Filing Documents

• form10-k.htm (10-K) — 904KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 6KB
• 0001493152-25-002097.txt ( ) — 4047KB
• fwfw-20240930.xsd (EX-101.SCH) — 26KB
• fwfw-20240930_cal.xml (EX-101.CAL) — 35KB
• fwfw-20240930_def.xml (EX-101.DEF) — 103KB
• fwfw-20240930_lab.xml (EX-101.LAB) — 287KB
• fwfw-20240930_pre.xml (EX-101.PRE) — 221KB
• form10-k_htm.xml (XML) — 514KB

Risk Factors

Risk Factors 7 Item 1B Unresolved Staff Comments 13 Item 1C Cybersecurity 13 Item 2

Properties

Properties 13 Item 3

Legal Proceedings

Legal Proceedings 13 Item 4 Mine Safety Disclosures 13 PART II Item 5 Market for Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities 14 Item 6 Reserved 14 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 18 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 18 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 20 Item 9A

Controls and Procedures

Controls and Procedures 20 Item 9B Other Information 20 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 20 PART III Item 10 Directors, Executive Officers, and Corporate Governance 21 Item 11

Executive Compensation

Executive Compensation 22 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 23 Item 13 Certain Relationships and Related Transactions, and Director Independence 24 Item 14 Principal Accountant Fees and Services 24 PART IV Item 15 Exhibits and Financial Statement Schedules 25 Item 16 Form 10-K Summary 26 -2- PART I ITEM 1. DESCRIPTION OF BUSINESS As used in this annual report, the terms "we", "us", "our", "the Company", mean Flywheel Advanced Technology, Inc. unless otherwise indicated. Cautionary Note Regarding Forward Looking Statements This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our ability to locate and acquire an operating business and the resources and efforts we intend to dedicate to such an endeavor, our development of a viable business plan and commencement of operations, and our ability to locate sources of capital necessary to commence operations or otherwise meet our business needs and objectives. All statements other than statements of historical facts contained in this report, including statements regarding our future financial position, liquidity, business strategy and plans and objectives of management for future operations, are forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Corporate History Flywheel Advanced Technology, Inc. ("FWFW" or the "Company"), formerly known as Pan Global Corp., was incorporated in

View Full Filing

View this 10-K filing on SEC EDGAR