Flywheel Advanced Technology Files Q1 2025 10-Q
Ticker: FWFW · Form: 10-Q · Filed: Feb 13, 2025 · CIK: 1492617
| Field | Detail |
|---|---|
| Company | Flywheel Advanced Technology, Inc. (FWFW) |
| Form Type | 10-Q |
| Filed Date | Feb 13, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-q, quarterly-report, financials
TL;DR
Flywheel (FWYT) filed its Q1 2025 10-Q. Check financials.
AI Summary
Flywheel Advanced Technology, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of their fiscal year 2025. The company, formerly known as Pan Global, Corp., is based in Carson City, Nevada, and operates in the miscellaneous business services sector.
Why It Matters
This filing provides investors with an update on the company's financial performance and operational status for the first quarter of fiscal year 2025.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new information presented.
Key Numbers
- 20241231 — Period End Date (Fiscal quarter ending December 31, 2024)
- 20250213 — Filing Date (Date the 10-Q was filed with the SEC)
Key Players & Entities
- FLYWHEEL ADVANCED TECHNOLOGY, INC. (company) — Filer
- 20241231 (date) — Period of Report
- 20250213 (date) — Filing Date
- PAN GLOBAL, CORP. (company) — Former Company Name
- SAVVY BUSINESS SUPPORT INC (company) — Former Company Name
- SAAVY BUSINESS SUPPORT INC (company) — Former Company Name
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is December 31, 2024, representing the first quarter of fiscal year 2025.
What was Flywheel Advanced Technology, Inc. previously known as?
Flywheel Advanced Technology, Inc. was formerly known as Pan Global, Corp., Savvy Business Support Inc, and Saavy Business Support Inc.
In which state is Flywheel Advanced Technology, Inc. incorporated?
Flywheel Advanced Technology, Inc. is incorporated in Nevada (NV).
What is the Standard Industrial Classification (SIC) code for Flywheel Advanced Technology, Inc.?
The SIC code for Flywheel Advanced Technology, Inc. is 7380, which falls under Services-Miscellaneous Business Services.
When was the company's name last changed?
The company's name was last changed from Pan Global, Corp. on May 1, 2013.
Filing Stats: 4,561 words · 18 min read · ~15 pages · Grade level 15.7 · Accepted 2025-02-13 16:04:17
Filing Documents
- form10-q.htm (10-Q) — 412KB
- ex31-1.htm (EX-31.1) — 19KB
- ex32-1.htm (EX-32.1) — 8KB
- 0001493152-25-006388.txt ( ) — 2475KB
- fwfw-20241231.xsd (EX-101.SCH) — 19KB
- fwfw-20241231_cal.xml (EX-101.CAL) — 33KB
- fwfw-20241231_def.xml (EX-101.DEF) — 75KB
- fwfw-20241231_lab.xml (EX-101.LAB) — 215KB
- fwfw-20241231_pre.xml (EX-101.PRE) — 171KB
- form10-q_htm.xml (XML) — 218KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION 3 Item 1.
Financial Statements
Financial Statements. 3 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations. 15 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk. 22 Item 4.
Controls and Procedures
Controls and Procedures. 22
– OTHER INFORMATION
PART II – OTHER INFORMATION 23 Item 1. Legal Proceedings. 23 Item 1A. Risk Factors. 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 23 Item 3. Defaults Upon Senior Securities. 24 Item 4. Mine Safety Disclosures. 24 Item 5. Other Information. 24 Item 6. Exhibits. 25
SIGNATURES
SIGNATURES 26 2 PART I- FINANCIAL INFORMATION Item 1. Financial Statements. FLYWHEEL ADVANCED TECHNOLOGY, INC. UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024 3 FLYWHEEL ADVANCED TECHNOLOGY, INC. CONTENTS Pages Consolidated Balance Sheets as of December 31, 2024 (unaudited) and September 30, 2024 5 Unaudited Condensed Consolidated Statements of Operations and Comprehensive loss for the Three Months Ended December 31, 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended December 31, 2024 and 2023 7 Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2024 and 2023 8 Notes to Unaudited Condensed Consolidated Financial Statements 9 -14 4 CONDENSED CONSOLIDATED BALANCE SHEETS December 31, September 30, 2024 2024 (Unaudited) (Audited) ASSETS CURRENT ASSETS Prepaid expenses and other current assets $ 2,952 $ 3,987 INVESTMENTS 5,422,500 5,422,500 TOTAL ASSETS $ 5,425,452 $ 5,426,487 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accrued expenses and other current liabilities $ 29,636 $ 80,992 Due to a related party 820,295 743,261 Total current liabilities 849,931 824,253 COMMITMENTS AND CONTINGENCIES - - STOCKHOLDERS' EQUITY Common stock, $ 0.0001 par value 550,000,000 , shares authorized, 29,662,164 shares issued and outstanding as of December 31, 2024 and September 30, 2024 2,966 2,966 Paid in Capital 9,129,860 9,129,860 Accumulated other comprehensive income/(loss) 2,743 2,743 Accumulated deficit ( 4,560,048 ) ( 4,533,335 ) Total Stockholders' Equity 4,575,521 4,602,234 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 5,425,452 $ 5,426,487 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements 5 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREH