Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 28

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
-  
     (7,600)
  
    Net
    cash used in investing activities 
     -  
     (7,491)

    CASH
    FLOWS FROM FINANCING ACTIVITIES 

    Repayment
    of borrowings 
     -  
     (81,605)
  
    Advances
    from related party 
     136,764  
     318,568 
  
    Net
    cash provided by financing activities 
     136,764  
     236,963 

    NET
    DECREASE IN CASH AND EQUIVALENTS 
     -  
     (465,762)
  
    EFFECT
    OF EXCHANGE RATES ON CASH 
     -  
     1,310 

    AT BEGINNING OF PERIOD 
     -  
     621,001 

    CASH
    AND EQUIVALENTS AT END OF PERIOD 
    $-  
    $156,549 

    SUPPLEMENTAL
    DISCLOSURE OF CASH FLOW INFORMATION 

    Cash
    paid for income taxes 
    $-  
    $3,374 
  
    Cash
    paid for interest 
    $-  
    $15,060 

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

7

June
30, 2025 and 2024

(Unaudited)

NOTE-
1 ORGANIZATION AND BUSINESS BACKGROUND

Flywheel
Advanced Technology, Inc. (formerly known as Pan Global Corp.) (“the Company”) was incorporated in the state of Nevada on
April 30, 2010.

The
Company had the following significant events:

    ●
    Stock
    Purchase Agreement (July 13, 2021) – In July 2021, the Company entered into a Stock Purchase Agreement between NYJJ Hong
    Kong Limited (Seller) and Sparta Universal Industrial Ltd. (Purchaser), wherein the Purchaser purchased 10,000,000 shares of Series
    A-1 Preferred Stock, par value $0.0001 per share (the “Shares”) of the Company. As a result, the Purchaser became approximately
    90% holder of the voting rights of the issued and outstanding shares of the Company, on a fully diluted basis and became the controlling
    shareholder.