Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 27

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 29,662,164  
    $2,966  
    $6,677,222  
    $4,181  
    $(4,017,753) 
    $2,666,616 

The
accompanying notes are an integral part of these unaudited condensed consolidated financial statements

6

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    2025  
    2024 

    For
    the Nine months June 30, 

    2025  
    2024 
  
    CASH
    FLOWS FROM OPERATING ACTIVITIES 

    Net
    loss 
    $(70,513) 
    $(194,506)
  
    Adjusted
    to reconcile net loss to cash provided (used) by operating activities: 

    Amortization 
     -  
     51,653 
  
    Depreciation 
     -  
     3,779 
  
    Lease
    amortization 
     -  
     35,026 
  
    Allowance
    of expected credit losses 
     -  
     736,141 
  
    Reversal
    of allowance of expected credit losses 
     -  
     (165,477)
  
    Deferred
    income taxes 
     -  
     (102,071)
  
    Changes
    in operating assets and liabilities 

    (Increase)/decrease
    in: 

    Prepaid
    expenses and other current assets 
     (3,908) 
     (2,138)
  
    Assets
    held for sale 
     -  
     (1,017,030)
  
    Increase/(decrease)
    in: 

    Accrued
    expenses and other current liabilities 
     (62,343) 
     39,056 
  
    Liabilities
    held for sale 
     -  
     (79,667)
  
    Net
    cash used in operating activities 
     (136,764) 
     (695,234)

    CASH
    FLOWS FROM INVESTING ACTIVITIES 

    Advance
    to related parties 
     -  
     109 
  
    Purchase
    of property, plant and equipment