FLYWHEEL ADVANCED TECHNOLOGY, INC.

Flywheel Advanced Technology reported its first quarter 2026 results with no revenue and an increased net loss of $27,395. The company continues to operate as a "shell company" with an accumulated deficit of $10.1 million, relying on advances from a related party for funding. Management identified material weaknesses in internal controls and announced a change in its independent registered public accounting firm.

FLYWHEEL ADVANCED TECHNOLOGY, INC. (FWFW) announced the dismissal of BCRG Group as its independent registered public accounting firm, effective April 1, 2026. The decision was made with the recommendation and approval of the Company’s board of directors. While BCRG's audit reports for the fiscal years ended September 30, 2025, and September 30, 2024, contained no adverse opinions or qualifications, the Company had previously identified material weaknesses in its internal control over financial reporting for FY2025. This change, despite the absence of disagreements with the former auditor, highlights ongoing scrutiny of the company's financial reporting infrastructure.