Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 81

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 81
---
 2025

F-1

FLYWHEEL
ADVANCED TECHNOLOGY, INC.

CONSOLIDATED
BALANCE SHEETS

    September
    30, 2024  
    September
    30, 2023 
  
    ASSETS 

    CURRENT ASSETS 

    Prepaid expenses
    and other current assets 
    $3,987  
    $3,667 
  
    Assets
    held for sale 
     -  
     4,620,124 
  
    Total Current Assets 
     3,987  
     4,623,791 

    INVESTMENTS 
     5,422,500  
     - 

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

    CURRENT LIABILITIES 

    Accrued expenses and other
    current liabilities 
    $80,992  
    $54,894 
  
    Due to a related party 
     743,261  
     456,966 
  
    Liabilities held for sale 
     -  
     1,257,681 
  
    Total
    current liabilities 
     824,253  
     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
    LIAB