Company: FWFW
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001641172-25-009382
Chunk: 8

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part II, Item 8
Chunk 8
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185,779 
  
    Increase in income tax payable 
     (135)
  
    Cash provided by liabilities held for sale 
    $208,989 
  
    CASH FLOWS FROM INVESTING ACTIVITIES 

    Advance to related parties 
    $130 
  
    Purchase of property, plant and equipment 
    $(7,429)
  
    CASH FLOWS FROM FINANCING ACTIVITIES 

    Repayment of borrowings 
    $(54,192)
  
    Repayment to related party 
    $(21,701)

NOTE 4 - INVESTMENTS

 SCHEDULE
OF INVESTMENTS

    March 31,
                                                                               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.

NOTE 5 - RELATED PARTY TRANSACTIONS

The Company owed a related company, Flywheel
Financial Strategy (Hong Kong) Company Limited of $853,935 and $743,261 as of March 31, 2025
and September 30, 2024, respectively for advances from the related company, which was repayable on demand and interest free.

14

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