United States Securities and Exchange Commission · EDGAR Accession 0001709539-25-000003

Form C-AR

Annual Report — Regulation Crowdfunding
Issuer CIK 1709539
Period 2024-12-31

Shark Wheel, Inc.

CorporationCAIncorporated 2012MISSION VIEJO, CAsharkwheel.com
B

Financial Condition

two fiscal years, as filed
Revenue −29% YoYBurn increasingDebt / assets 93%2 employees
Line itemMost recent FYPrior FYΔ
Revenue3,802,7295,353,942▼ 29%
Cost of goods sold3,376,2653,748,523▼ 10%
Net income(1,292,311)(868,881)▼ burn
Total assets4,485,3453,459,087▲ 30%
Cash & equivalents212,758278,600▼ 24%
Accounts receivable52,137601,710▼ 91%
Short-term debt4,149,840651,599▲ 537%
Long-term debt28,1810
Taxes paid00

Figures in USD as reported by the issuer.