Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 325

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 5
Chunk 325
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    $6,677,222  
    $(2,691) 
    $(3,823,247) 
    $2,854,250 

    Exchange difference on translation 
     -  
     -  
     -  
     5,434  
     -  
     5,434 

    Gain on Sale of Mega Fortune 
     -  
     -  
     2,452,638  
     -  
     -  
     2,452,638 

    Net loss 
     -  
     -  
     -  
     -  
     (710,088) 
     (710,088)
  
    Net income
    (loss) 
     -  
     -  
     -  
     -  
     (710,088) 
     (710,088)

    Balance at September 30, 
     29,662,164  
    $2,966  
    $9,129,860  
    $2,743  
    $(4,533,335) 
    $4,602,234 
  
    Balance 
     29,662,164  
    $2,966  
    $9,129,860  
    $2,743  
    $(4,533,335) 
    $4,602,234 

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

F-4

FLYWHEEL
ADVANCED TECHNOLOGY, INC.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    2024  
    2023 
  
    CASH FLOWS FROM OPERATING
    ACTIVITIES 

    Net loss 
    $(710,088) 
    $(1,082,789)
  
    Adjusted to reconcile net
    loss to cash provided by (used in) operating activities: 

    Stock-based compensation
    expenses 
     -  
     1,015,000 
  
    Amortization 
     51,653  
     40,244 
  
    Depreciation 
     3,779  
     10,592 
  
    Lease amortization 
     35,026  
     23,802 
  
    Allowance