Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 57

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 57
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 by decrease in professional fees due to Mega Fortune Disposition completed on July 5, 2024.

Other
comprehensive Income

Foreign
currency translation gain

There
is no foreign currency translation differences for the three months ended June 30, 2025. Foreign currency translation gain of $3,873
for the three months ended June 30, 2024 is incurred on translation of assets and liabilities of discontinued operations in their own
reporting currency which is HK Dollars to the reporting currency of the Company.

19

Comparison
of the Nine months Ended June 30, 2025 and 2024

The
following table provides the consolidated results of our continuing operations:

    For the Nine Months Ended June 30, 

    2025  
    2024 

    Revenue, net 
    $-  
    $- 
  
    Operating expenses 
     (70,513) 
     (320,205)
  
    LOSS FROM OPERATIONS 
     (70,513) 
     (320,205)
  
    LOSS BEFORE INCOME TAXES 
     (70,513) 
     (320,205)
  
    Income taxes 
     -  
     - 
  
    NET LOSS FROM CONTINUING OPERATIONS 
     (70,513) 
     (320,205)
  
    Discontinued operations, net of tax 
     -  
     125,699 
  
    NET LOSS 
     (70,513) 
     (194,506)
  
    Foreign currency translation gain 
     -  
     6,872 
  
    COMPREHENSIVE LOSS 
    $(70,513) 
    $(187,634)

Revenue

During
the nine months ended June 30, 2025 and 2024, we did not have any revenue.

Operating
expenses

General
and administrative expenses

During
the nine months ended June 30, 2025, our operating expenses consisted primarily of professional fees of $66,900 and filing and other
fees of $3,613. During the nine months ended June 30, 2024, our operation expenses consisted primarily of professional fees arising from
acquisition of QBS System of $316,387 and filing and other fees of $3,818.

All
operating expenses related to the QBS System segment were classified as held for sale or discontinued operations due to the