Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 485

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 485
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 483,950 
  
    Operating lease liabilities 
     - 
  
    Deferred tax liabilities
    – arise from fair value gain 
     26,315 
  
    Total
    liabilities for sale 
    $1,257,681 

Summarized
results of discontinued operations for the three reportable segments are as follows:

SCHEDULE
OF DISCONTINUED OPERATIONS 

    For
    the Year Ended September 30, 

    2024  
    2023 
  
    Revenue, net 
    $2,979,793$ 
     1,448,176 
  
    Cost of revenue 
     (1,526,853) 
     (961,818)
  
    Operating expenses 
     (2,230,942) 
     (581,436)
  
    Other income 
     244,259  
     344,461 
  
    Interest (expenses) income,
    net 
     (15,456) 
     (10,752)
  
    Income from discontinued operations before
    taxes 
     (549,199) 
     238,631 
  
    Income taxes 
     151,185  
     (2,357)
  
    Income from discontinued
    operations, net of tax 
    $(398,014) 
    $ 236,274 

    F-13

FLYWHEEL ADVANCED TECHNOLOGY, INC.

NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS

Summarized
cash flow information for the three reportable segments discontinued operations are as follows:

SCHEDULE
OF CASH FLOW INFORMATION 

    Year
    Ended September 30, 

    2024  
    2023 
  
    CASH FLOWS FROM OPERATING
    ACTIVITIES 

    Amortization 
    $51,653  
    $40,244 
  
    Depreciation 
     3,779  
     10,592 
  
    Lease amortization 
     35,026  
     23,802 
  
    Allowance of expected credit losses 
     1,402,732  
     206,140 
  
    Reversal of allowance of expected credit losses 
     (165,477) 
     (308,856)
  
    Deferred income taxes 
     (212,059) 
     (