Company: FWFW
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001641172-25-009382
Chunk: 26

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 26
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 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.

18

Results
of Operations:

Comparison
of the Three Months Ended March 31, 2025 and 2024

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

    For
                                            the Three Months Ended
                                                                                March
                                            31, 

    2025  
    2024 

    Revenue, net 
    $-  
    $- 
  
    Operating
    expenses 
     (18,539) 
     (45,838)
  
    LOSS FROM OPERATIONS 
     (18,539) 
     (45,838)
  
    LOSS BEFORE INCOME TAXES 
     (18,539) 
     (45,838)
  
    Income taxes 
     -  
     - 
  
    NET LOSS FROM CONTINUING OPERATIONS 
     (18,539) 
     (45,838)
  
    Discontinued operations,
    net of tax 
     -  
     (22,495)
  
    NET LOSS 
     (18,539) 
     (68,333)
  
    Foreign currency translation
    loss 
     -  
     5,544 
  
    COMPREHENSIVE LOSS 
    $(18,539) 
    $(73,877)

Revenue

During
the three months ended March 31, 2025 and 2024, we did not have any revenues.

Operating
expenses

General
and administrative expenses

During
the three months ended March 31, 2025, our operating expenses consisted primarily of professional fees of $17,244 and filing and other
fees of $