Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 55

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 55
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 and Resources

The
Company’s sole officer and director is engaged in external business activities and anticipates devoting limited time to the Company
until a suitable business opportunity is identified. The time spent on Company matters will vary based on need, but management intends
to fulfill its fiduciary duties. No significant changes to the number of employees are expected, apart from those resulting from a business
combination.

Competition
and Market Conditions

We
face significant competition in our efforts to identify and pursue a viable business venture. Our primary competitors are expected to
include other organizations established and funded for similar purposes, such as small venture capital firms, blank check companies,
and high-net-worth investors, many of which possess substantially greater financial and operational resources than we do.

17

Given
our limited financial and human resources, we are at a competitive disadvantage relative to many of these entities in acquiring an operating
business or assets essential to initiating operations in a new industry. Furthermore, the economic downturn resulting from the coronavirus
pandemic has intensified competition, as many venture capital firms and individual investors are seeking to acquire businesses at discounted
valuations. This heightened competition presents additional challenges to securing a business. We anticipate these conditions will persist
until the economy fully recovers.

Even
if we successfully acquire a business or assets to commence operations, we expect to encounter heightened barriers to entry in the chosen
marketplace. These challenges may stem from reduced demand, increased raw material costs, or other economic forces beyond our control.

Regulation

As
of the date of this report, we are required to file reports with the SEC in compliance with Section 13 of the Securities Exchange Act
of 1934 (the “Exchange Act”).

The
direction our management ultimately pursues, along with any future business acquisitions, may subject us to additional laws or regulations.
These may include requirements that necessitate significant compliance expenditures, such as the increasing regulation of privacy at
the state level. Such obligations could divert considerable human and financial resources toward compliance efforts, potentially adversely
affecting our future operating results.

Results
of Operations:

Comparison
of the Three Months Ended June 30, 2025 and 2024

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

    For the Three Months Ended June 30, 

    2025  
    2024 

    Revenue, net 
    $-  
    $- 
  
    Operating expenses 
     (25,261)