Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 71

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 71
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 SEC Rule 15c2-11 is required for brokers
to publish competing quotes and provide continuous market making.

Holders

As
of December 26, 2024, there were 64 shareholders of record of the Company’s common stock based upon the records of
the shareholders provided by the Company’s transfer agent. The Company’s transfer agent is Vstock Transfer, 18 Lafayette
Place, Woodmere, New York 11598, Telephone # 212-828-8436.

Dividends

We
have never paid or declared any dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future.

Options
and Warrants

We
do not have any outstanding options or warrants.

Securities
Authorized for Issuance Under Equity Compensation Plans

We
currently do not have any equity compensation plans.

Unregistered
Sales of Equity Securities

We
have previously disclosed all sales of securities without registration under the Securities Act of 1933.

ITEM
6. RESERVED

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS

The
following discussion and analysis of our financial condition and results of operations should be read together with our financial statements
and the related notes and other financial information included elsewhere in this Annual Report. Some of the information contained in
this discussion and analysis or set forth elsewhere in this Annual Report, including information with respect to our plans and strategy
for our business, includes forward-looking statements that involve risks and uncertainties. Actual results and timing of events could
differ the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

Flywheel
Advanced Technology, Inc. (“FWFW”) (formerly known as Pan Global Corp.) was incorporated in the state of Nevada on April
30, 2010. On November 30, 2022, FWFW incorporated Blue Print Global, Inc. (“Blue Print”) in the British Virgin Islands to
establish an operation to source the supply and sale of warehouse patrol robots. FWFW holds 70% of Blue Print, and the balance is held
by two individuals unrelated to the Company, with each party holding 15%. On March 22, 2023, FWFW acquired QBS System Limited (“QBS
System”), a limited company incorporated under the laws of Hong Kong (the “QBS Acquisition”). On January 30, 2024 and
February 13, 2024, the Company incorporated Mega