Flywheel Advanced Technology, Inc. (FWFW), formerly known as Pan Global Corp., reported its financial results for the three months ending December 31, 2025, revealing a net loss of $45,997, an increase from a net loss of $26,713 during the same period in 2024. The company did not generate any revenue in either quarter. The increase in net loss is attributed primarily to higher professional fees, which rose to $44,912 in the latest quarter from $25,624 a year earlier, reflecting costs associated with advisory services for regulatory filings.
In terms of financial position, FWFW's total assets as of December 31, 2025, amounted to $7,254, compared to $5,825 as of September 30, 2025. The company's current liabilities increased to $984,163 from $936,737 in the previous quarter, largely due to an increase in amounts owed to a related party, which rose to $952,627. The accumulated deficit also widened to $10,112,478 from $10,066,481, indicating ongoing financial challenges.
Operationally, the company has made several strategic moves, including the incorporation of Blue Print Global, Inc. in November 2022, which focuses on sourcing and selling warehouse patrol robots. Additionally, FWFW has entered into agency agreements to distribute robotic solutions in various markets, including a recent agreement with XCoffee Robotics Trading Ltd. in Abu Dhabi. These initiatives are part of the company's broader strategy to expand its footprint in the Internet of Things (IoT) sector.
Despite the lack of revenue and ongoing losses, management remains optimistic about the future. They are actively pursuing arrangements to raise additional capital, which they believe will alleviate concerns regarding the company's ability to continue as a going concern. The company has indicated that it is exploring potential business combinations and opportunities to enhance its operational capabilities, although no definitive agreements have been reached as of the reporting date.
Looking ahead, FWFW's management plans to focus on identifying viable business opportunities and may consider various transaction structures to facilitate growth. However, the company acknowledges the competitive landscape and the challenges posed by limited financial resources. The management's commitment to fulfilling its fiduciary duties remains strong, as they navigate the complexities of the current market environment while seeking to establish a sustainable operational framework.
About FLYWHEEL ADVANCED TECHNOLOGY, INC.
Flywheel Advanced Technology, Inc. is a shell company focused on identifying and acquiring operating businesses across various industries. It has engaged in multiple corporate restructurings, investments, and acquisitions, including IoT solutions and asset dispositions. The company relies on business combinations to generate revenue, with limited current operations and no active revenue streams, aiming for long-term growth through strategic mergers or asset acquisitions.
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