Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 122

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1B
Chunk 122
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     1,769,541 
  
    Total
    Liabilities 
     824,253  
     1,769,541 

    COMMITMENTS AND CONTINGENCIES 
     -  
     - 

    STOCKHOLDERS’ EQUITY 

    Common stock, $0.0001 par value 550,000,000,
    shares authorized, 29,662,164 shares issued and outstanding as of September 30, 2024 and 2023 
     2,966  
     2,966 
  
    Paid in Capital 
     9,129,860  
     6,677,222 
  
    Accumulated other comprehensive
    income/(loss) 
     2,743  
     (2,691)
  
    Accumulated
    deficit 
     (4,533,335) 
     (3,823,247)
  
    Total
    Stockholders’ Equity 
     4,602,234  
     2,854,250 

    TOTAL
    LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $5,426,487  
    $4,623,791 

The
accompanying notes are an integral part of these consolidated financial statements

F-2

FLYWHEEL
ADVANCED TECHNOLOGY, INC.

CONSOLIDATED
STATEMENTS OF OPERATIONS

AND
COMPREHENSIVE LOSS

    Year
    Ended
 September 30, 2024  
    Year
    Ended
 September 30, 2023 
  
    REVENUE, NET 
    $-  
    $- 

    OPERATING EXPENSES 

    Professional
    fees 
     304,010  
     1,305,179 
  
    General
    and administrative 
     8,064  
     13,884 

    Total
    Operating Expenses 
     312,074  
     1,319,063 

    OPERATING
    LOSS 
     (312,074) 
     (1,319,063)

    LOSS BEFORE INCOME TAXES 
     (312,074) 
     (1,319,063)
  
    Income
    taxes 
     -  
     - 

    NET  LOSS FROM CONTINUING
    OPERATIONS