Flywheel Advanced Technology Reports Increased Losses and No Revenue for Six Months Ending March 31, 2026

Flywheel Advanced Technology, Inc. reported its financial results for the six months ending March 31, 2026, revealing a continued lack of revenue generation. The company recorded a net loss of $73,392, an increase from the $45,252 loss reported during the same period in 2025. This increase in losses is attributed primarily to higher professional fees, which rose to $70,711 from $42,868 year-over-year, reflecting costs associated with advisory services for regulatory submissions. The company has not generated any revenue in both the current and prior fiscal periods.

In terms of liquidity, Flywheel reported cash and cash equivalents of $1,836 as of March 31, 2026, a decrease from $5,825 at the end of the previous fiscal year. The company utilized $85,514 in cash for operating activities during the first half of 2026, a reduction from $110,674 in the same period of 2025. This decrease in cash used for operations is attributed to lower professional fees incurred in the current period. The company also reported net cash provided by financing activities of $87,350, primarily from advances from a related party, compared to $110,674 in the previous year.

Flywheel Advanced Technology has undergone significant organizational changes, including the dismissal of its independent registered public accounting firm, BCRG, and the engagement of WSJ And Partners for financial statement reviews and audits. The company also established Blue Print Global, Inc. in the British Virgin Islands to facilitate the supply and sale of warehouse patrol robots, holding an 85% equity stake in the subsidiary. Additionally, an Agency Agreement was signed with XCoffee Robotics Trading Ltd. to distribute robotic arm coffee solutions in Abu Dhabi, which is expected to enhance the company's operational footprint.

The company’s accumulated deficit has increased to $10.1 million as of March 31, 2026, up from $10.07 million at the end of the previous fiscal year. Management has indicated that they are in the process of exploring arrangements to raise additional capital, which they believe will alleviate concerns regarding the company's ability to continue as a going concern. Despite the challenges, the company remains focused on achieving long-term growth through potential business combinations or the successful development of its operating business.

Looking ahead, Flywheel Advanced Technology aims to identify and pursue viable business ventures, although it faces significant competition from other organizations with greater financial resources. The company has not entered into any definitive agreements for business combinations as of the date of the filing, but it maintains flexibility in seeking opportunities. Management's outlook suggests a cautious optimism, contingent on the successful execution of their plans to raise capital and expand operational capabilities.