Company: FWFW
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001641172-25-009382
Chunk: 15

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part II, Item 8
Chunk 15
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 from discontinued operations
of $22,495 during the three months ended March 31, 2024. The change was primarily attributable to the Mega Fortune Disposition completed
on July 5, 2024.

Net
loss

Net
loss decreased by $49,795 to $18,538 from $68,333 for the three months ended March 31, 2025, compared to the same period in 2024. This
decrease is primarily driven by decrease in professional fees due to Mega Fortune Disposition completed on July 5, 2024.

19

Other
comprehensive loss

Foreign
currency translation loss

There
is no foreign currency translation gain for the three months ended March 31, 2025. Foreign currency translation loss of $5,544 for the
three months ended March 31, 2024 is incurred on translation of assets and liabilities of discontinued operations in reporting currency
adopted to the reporting currency of the Company.

Comparison
of the Six Months Ended March 31, 2025 and 2024

The
following table provides the consolidated results of our continuing operations:

    For
                                            the Six Months Ended
                                                                                March
                                            31, 

    2025  
    2024 

    Revenue, net 
    $-  
    $- 
  
    Operating
    expenses 
     (45,252) 
     (215,127)
  
    LOSS FROM OPERATIONS 
     (45,252) 
     (215,127)
  
    LOSS BEFORE INCOME TAXES 
     (45,252) 
     (215,127)
  
    Income taxes 
     -  
     - 
  
    NET LOSS FROM CONTINUING OPERATIONS 
     (45,252) 
     (215,127)
  
    Discontinued operations,
    net of tax 
     -  
     58,484
  
    NET LOSS 
     (45,252) 
     (156,643)
  
    Foreign currency translation
    gain 
     -  
     2,999 
  
    COMPREHENSIVE LOSS 
    $(45,252) 
    $(153,644)

Revenue

During
the six months ended March 31, 2025 and 2024, we did not have any revenues.

Operating
expenses

General
and administrative expenses

During
the six months ended March