Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 322

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 5
Chunk 322
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 compared objective inputs used in the models to agreements or underlying source
                                            documents provided by the Company. We assessed the appropriateness of certain unobservable
                                            inputs and assumptions used in the valuation models by comparing them to underlying support
                                            or available market data and evaluating the appropriateness of adjustments.

/s/
BCRG Group

BCRG
Group (PCAOB ID 7158)

We
have served as the Company’s auditor since 2024.

Irvine,
CA

January 14, 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