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Flywheel Advanced Technology Inc
123 W Nye Ln Ste 455
Phone: (888) 983-1623p:888 983-1623 CARSON CITY, NV  89706-0899  United States Ticker: FWFWFWFW
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Flywheel Advanced Technology, Inc. provides Internet of Things (IoT) solutions and services to assist its clients to build applications using available IoT devices, sensors, frameworks, and platforms, integrate hardware and software solutions with clients existing landscape, or implement new IoT solutions for enterprises. The Company operates through three segments: provision of IoT maintenance and support services, IoT BPO services and IoT development services in Hong Kong and Australia. It provides a full range of IoT services comprising consulting, development and implementation, analytics, support, and evolution. The applications of its IoT solutions include connected equipment in the enterprise (Enterprise IoT) and industrial assets, such as machines and robots (Industrial IoT). Its clientele ranges across various industries, such as logistics and supply chain management, food and beverage, automation, and smart buildings.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/20239/30/2023YesYes---

Industries
SIC Code Description
7379 Computer related services, not elsewhere classified
3674 Semiconductors and related devices
7373 Computer integrated systems design
7372 Prepackaged software

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer Siu FungTang 42 7/13/2021 7/13/2021
Chief Technology Officer LuYeqin 42 1/18/2024 1/18/2024
Treasurer, Company Secretary Sin YiCheng 37 7/13/2021 7/13/2021

Business Names
Business Name
FWFW
Pan Asia Infratech Corp.
PGLO
PGLOD
QBS Flywheel Limited
QBS System Limited

General Information
Number of Employees: 1 (As of 9/30/2012)
Outstanding Shares: 29,591,164 (As of 2/14/2024)
Shareholders: 29
Stock Exchange: OTC
Federal Tax Id: 272473958
Fax Number: (732) 530-9008


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Friday, May 17, 2024