Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 37

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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MENTS

 SCHEDULE
OF INVESTMENT

    June 30, 2025  
    September 30, 2024 
  
    Cost Method Investment 

    Elison Virtus Company Limited 
    $5,422,500  
    $5,422,500 

    Investments 
    $5,422,500  
    $5,422,500 

On
July 5, 2024, the Company entered into a Share Purchase Agreement. As consideration for entering into this agreement, the Company received
938 shares, 9.38% of total equity, of Elison at $5,422,500 which were determined using generally accepted valuation techniques based
on estimates and assumptions made by the management.

The Company has assessed for impairment
of the investment and determined that the investment amount is not impaired.

NOTE
5 - RELATED PARTY TRANSACTIONS

The
Company owed a related company, Flywheel Financial Strategy (Hong Kong) Company Limited of $880,025 and $743,261 as of June 30, 2025
and September 30, 2024, respectively for advances from the related company, which was repayable on demand and interest free.

13

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

FORWARD-LOOKING
STATEMENTS

This
quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In
some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”,
“plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”
or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity,
performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed
or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable
law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform
these statements to actual results.

Our
unaudited financial statements are prepared in accordance with United States Generally Accepted Accounting Principles.