Flywheel Advanced Technology, Inc.

What they do

Flywheel was incorporated in Nevada on April 30, 2010, as Savvy Business Support, Inc., and renamed Flywheel Advanced Technology in November 2021. Through its subsidiary QBS System Limited it previously provided IoT integration, consulting, BPO and maintenance services in Hong Kong. In July 2024 the company sold Mega Fortune Company Limited and its subsidiaries, including QBS System, to Mericone/Mericorn Company Limited for a 9.38% minority interest in Elison Virtus Company Limited, and it states it became a shell company under SEC Rule 405. It retains 85% of Blue Print Global, Inc., a British Virgin Islands company set up to source and sell warehouse patrol robots and robotic arm coffee solutions.

Revenue drivers

• Warehouse patrol robots (Blue Print Global) — Blue Print was incorporated on November 30, 2022 to source and sell warehouse patrol robots; no revenue from this operation is reported in the excerpts.
• Robotic Arm Coffee Solutions (Blue Print / XCoffee) — On October 1, 2025, Blue Print appointed XCoffee Robotics Trading Ltd. of Abu Dhabi as non-exclusive agent to distribute Robotic Arm Coffee Solutions in Abu Dhabi under a three-year agreement; no revenue is reported.
• Discontinued IoT services (QBS System) — QBS System provided IoT integration, analytics, support, BPO and maintenance services, with clients in logistics, food & beverage, automation and smart buildings; it was transferred out with the Mega Fortune disposition in July 2024.

Recent performance

For the three months ended June 30, 2026, the company reported no revenues, compared with no revenues for the three months ended June 30, 2025. Operating expenses for the June 2026 quarter were professional fees of $76,541 and general and administrative fees of $1,733, versus professional fees of $24,032 and general and administrative fees of $1,229 a year earlier, which the company attributed to an increase in professional fees. Reported annual results include net losses of $710,088 in 2024 and $5.5 million in 2025, with diluted EPS of $0.12 in 2024 and negative $0.19 in 2025. At June 30, 2026, total assets were $54,199 and shareholder equity was negative $1.1 million; total liabilities were $936,737 at September 30, 2025.

Strategy

Management states that its primary objective for the next 12 months and beyond is long-term growth through a business combination or development of an operating business. As of the latest quarterly report, the company had not entered into any definitive agreements or specific discussions with potential business combination candidates. It says it has unrestricted flexibility in seeking, analyzing and participating in opportunities, and may use leases, purchase and sale agreements, licenses, joint ventures, mergers, consolidations or reorganizations, and may not be the surviving entity. It intends to identify candidates through affiliates, lenders, investment banks, private equity firms, consultants and attorneys. Blue Print's October 2025 agency agreement with XCoffee is a three-year, renewable, non-exclusive distribution arrangement for Robotic Arm Coffee Solutions in Abu Dhabi.

Risks

• No operations or revenue — The 10-K risk factors state the company currently has no operations and will be reliant on a merger with or acquisition of an operating business to commence operations and generate revenue, and the June 2026 quarter had no revenues.
• No identified business combination — The company states it has no current arrangements or understandings with any prospective target business and, as of the latest quarterly report, no definitive agreements or specific discussions with candidates.
• Limited capital and negative equity — The 10-K states the company has limited capital and may not be able to take advantage of opportunities on favorable terms; shareholder equity was negative $1.1 million at June 30, 2026.
• Dependence on Blue Print distribution — The remaining subsidiary, Blue Print, relies on agency arrangements such as the non-exclusive XCoffee agreement for Robotic Arm Coffee Solutions in Abu Dhabi, with no reported revenue to date.

Outlook

Management says its objective for the next 12 months and beyond is to achieve long-term growth through a business combination or the successful development of an operating business. It cautions that it has not entered into any definitive agreements or specific discussions with potential business combination candidates and that there can be no assurances an acquisition will be completed. The company also states that if it fails to complete a business combination as planned, it will not generate any operating revenues. Blue Print's XCoffee agency agreement runs three years and renews automatically unless either party gives at least 30 days' written non-renewal notice.