0001493152-26-006511
SEC filingFlywheel Advanced Technology, Inc. (FWFW) reported a net loss of $46,000 for Q1 2026 (period ending December 31, 2025), with no revenue generated during the quarter. The company incurred $46,000 in total operating expenses, consisting of $45,000 in professional fees and $1,000 in general and administrative costs. The balance sheet shows total assets of $7,000, including $4,000 in cash and cash equivalents and $7,000 in investments, offset by total current liabilities of $984,000, primarily due to $953,000 owed to a related party. This results in a stockholders' deficit of $977,000. Cash flow from operations was negative $43,000, but financing activities provided $46,000 from advances from a related party, leading to a net increase in cash of $4,000. The company's financial position remains constrained with minimal assets and significant related-party liabilities.
Flywheel Advanced Technology, Inc. reported a net loss of $46,000 for the first quarter of fiscal year 2026 (period ending December 31, 2025). The company generated no revenue during the quarter. Operating loss was $46,000, matching the net loss before taxes, with no income tax expense recorded. Total operating expenses were $46,000, comprising $45,000 in professional fees and $1,000 in general and administrative expenses. The weighted average number of shares outstanding was 29.7 million for both basic and diluted calculations. No prior period comparison figures are provided in the filing for QoQ analysis.
No revenue was reported for Q1 2026. The filing does not disclose any revenue breakdown by segment, product line, or geographic region. The absence of revenue indicates the company is not currently generating income from operations. No information is provided about revenue drivers, customer concentrations, or sales channels in the available data.
The company reported an operating loss of $46,000 with no revenue, resulting in negative operating margin. Gross margin cannot be calculated as no revenue or cost of goods sold figures are disclosed. The cost structure consists entirely of operating expenses, with professional fees representing 98% of total operating expenses ($45,000 of $46,000). No information is provided about cost trends, efficiency improvements, or profitability targets.
Net cash used in operating activities was $43,000, primarily driven by the net loss of $46,000, partially offset by a $2,000 decrease in prepaid expenses and a $1,000 increase in accrued liabilities. Cash flow from investing activities was not disclosed. Financing activities provided $46,000 from advances from a related party, resulting in a net increase in cash of $4,000. The balance sheet shows total assets of $7,000, including $4,000 in cash and cash equivalents and $7,000 in investments. Total current liabilities are $984,000, consisting of $32,000 in accrued expenses and $953,000 due to a related party. Stockholders' deficit is $977,000, with accumulated deficit of $10.1 million offset by paid-in capital of $9.1 million. No debt levels, liquidity ratios, or working capital figures are disclosed.
The filing does not contain any forward-looking statements, management guidance, strategic priorities, or specific risk factor disclosures in the provided content. No information is provided about future revenue expectations, expense projections, capital expenditure plans, or financing needs. The absence of outlook information limits analysis of the company's future prospects and strategic direction.