On February 26, 1998, about 0944 eastern standard time, a Cessna 150M, N45194, registered to a private individual, collided with terrain while landing at the Daytona Beach Regional Airport, Daytona Beach, Florida. Visual meteorological conditions prevailed at the time and no flight plan was filed for the 14 CFR Part 91 instructional flight. The airplane was substantially damaged and the certified flight instructor (CFI), and student were not injured. The flight originated about 0850, from the Daytona Beach Regional Airport. The CFI stated that after completion of airwork the flight returned and entered the traffic pattern at midfield downwind. Abeam the runway 10 degrees of flaps were extended and the flight was turned onto base leg where an additional 10 degrees of flaps were extended. The flight turned onto final approach and the wind was last reported to be a direct right crosswind at 4 knots. The CFI further stated that the flare was slightly high and "we seemed to be slightly fast." The airplane then began descending at a higher rate than expected and while maintaining the pitch attitude, he applied partial power then full power to go around. The flight controls became "sluggish" and he released the back pressure but the airplane then banked to the left which he applied full right rudder and aileron with no effect. The left wing tip contacted the ground; the airplane rotated 180 degrees and came to rest upright.