Company: FWFW
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006388
Chunk: 3

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
     -  
     8,543 
  
    Net loss 
     -  
     -  
     -  
     -  
     (88,310) 
     (88,310)

    Balance at December 31, 
     29,662,164  
    $2,966  
    $6,677,222  
    $5,852  
    $(3,911,557) 
    $2,774,483 
  
    Balance 
     29,662,164  
    $2,966  
    $6,677,222  
    $5,852  
    $(3,911,557) 
    $2,774,483 

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

7

FLYWHEEL
ADVANCED TECHNOLOGY, INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    2024  
    2023 

    For the three months 

    December 31, 

    2024  
    2023 
  
    CASH FLOWS FROM OPERATING ACTIVITIES 

    Net loss 
    $(26,713) 
    $(88,310)
  
    Adjusted to reconcile net loss to cash provided (used) by operating activities: 

    Amortization 
     -  
     17,218 
  
    Depreciation 
     -  
     1,968 
  
    Lease amortization 
     -  
     12,201 
  
    Allowance of expected credit losses 
     -  
     59,250 
  
    Reversal of allowance of expected credit losses 
     -  
     (85,373)
  
    Deferred income taxes 
     -  
     879 
  
    Changes in operating assets and liabilities (Increase)/decrease in: 

    Prepaid expenses and other current assets 
     1,035  
     1,669 
  
    Assets held for sale Increase/(decrease) in: 
     -  
     (270,420)
  
    Accrued expenses and other current liabilities 
     (51,356) 
     22,519 
  
    Liabilities held for sale