Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 196

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 2
Chunk 196
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 investing activities - discontinued operations 
     (7,600) 
     565,449 
  
    Net cash (used in) provided by investing activities 
    $(235,684) 
    $565,449 

    Net cash provided by financing activities - continuing operations 
    $284,025  
    $275,756 
  
    Net cash provided by financing activities - discontinued operations 
     111,504  
     (53,189)
  
    Net cash provided by financing activities 
    $395,529  
    $222,567 

Operating
Activities

Cash
flows used in operating activities of our continuing operations for the year ended September 30, 2024 were $0.29 million. The
adjustments to reconcile our net loss from continuing operations of $0.31 million to net cash used in operating activities included
add-backs for  the net positive change in our operating assets and liabilities of $0.02
million. Cash flows used in operating activities of our discontinued operations for the year ended September 30, 2024 were $0.49
million.

Cash
flows used in operating activities of our continuing operations for the year ended September 30, 2023 were $0.28 million. The adjustments
to reconcile our net loss from continuing operations of $1.32 million to net cash used in operating activities included add-backs for
non-cash of stock-based compensation expenses of $1 million, and the net positive change in our operating assets and liabilities of $0.02
million. Cash flows provided by operating activities of our discontinued operations for the year ended September 30, 2023 were $0.11
million.

Investing
Activities

Cash
flows used in investing activities of our continuing operations for the year ended September 30, 2024 were $0.23 million which is attributed
to the cash outflow from disposal of subsidiaries of 0.23 million. Cash flows used in investing activities of our discontinued operations
for the year ended September 30, 2024 of $0.01 million were attributed to investing activities of Mega Fortune’s business.

Cash
flows provided by investing activities of our continuing operations for the year ended September 30, 2023 were $0. Cash flows provided
by investing activities of our discontinued operations for the year ended September 30, 2023 of $0.57 million were cash acquired from
purchase of a subsidiary.

-17-

Fin