Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 84

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 84
---
 -  
     -  
     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 of expected credit
    losses 
     1,402,732  
     206,140 
  
    Reversal of allowance of
    expected credit losses 
     (165,477) 
     (308,856)
  
    Deferred income taxes 
     (212,059) 
     (20,977)
  
    Changes in operating assets and liabilities 

    (Increase)/decrease in: 

    Prepaid expenses and other
    current assets