Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 472

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 472
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: 

    Accrued expenses and other
    current liabilities 
     26,098  
     31,974 
  
    Liabilities
    held for sale 
     (92,778) 
     (24,159)
  
    Net cash used in operating
    activities 
     (778,616) 
     (166,395)

    CASH FLOWS FROM INVESTING
    ACTIVITIES 

    Cash acquired from purchase
    of subsidiaries 
     -  
     565,449 
  
    Cash outflow from disposal
    of subsidiaries 
     (228,084) 
     - 
  
    Purchase
    of property, plant and equipment 
     (7,600) 
     - 
  
    Net
    cash (used in)/provided by investing activities 
     (235,684) 
     565,449 

    CASH FLOWS FROM FINANCING
    ACTIVITIES 

    Repayment of borrowings 
     (83,876) 
     (53,189)
  
    Advances
    from related parties 
     479,405  
     275,756 
  
    Net
    cash provided by financing activities 
     395,529  
     222,567 
  
    NET (DECREASE)/INCREASE
    IN CASH AND EQUIVALENTS 
     (618,771) 
     621,621 
  
    EFFECT OF EXCHANGE RATES
    ON CASH 
     (2,230) 
     (620)
  
    AT BEGINNING OF PERIOD 
     621,001  
     - 

    CASH
    AND EQUIVALENTS AT END OF PERIOD 
    $-  
    $621,001 

    SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION 

     Cash
                                            paid for income taxes 
    $3,374 
    $ 33,492 
  
    Cash
    paid for interest 
    $15,456 
    $10,869 
  
    SUPPLEMENTAL SCHEDULE OF
    NON-CASH INVESTING AND FINANCING ACTIVITIES 

    Investment
    obtained from sales of Mega Fortune 
    $5,422,500  
     - 

The
accompanying notes are an integral part of