Company: FWFW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001641172-25-023125
Chunk: 36

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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) 
     (1,526,469)
  
    Operating expenses 
     (480,747) 
     (1,527,988)
  
    Other income 
     84,651  
     244,105 
  
    Interest expenses, net 
     (4,775) 
     (14,906)
  
    Income/(Loss) from discontinued operations before taxes 
     30,514  
     30,640
  
    Income taxes 
     36,699  
     95,059 
  
    Income/(Loss) from discontinued operations, net of tax 
    $67,213  
    $125,699

 Summarized
cash flow information for the three reportable segments discontinued operations are as follows:

 SCHEDULE
OF CASH FLOW INFORMATION

    For the Nine months ended 

    June 30, 2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES 

    Amortization 
    $51,653 
  
    Depreciation 
     3,779 
  
    Lease amortization 
     35,026 
  
    Allowance of expected credit losses 
     736,141 
  
    Reversal of allowance of expected credit losses 
     (165,477)
  
    Deferred income taxes 
     (102,071)
  
    Increase in accounts receivable 
     (1,014,137)
  
    Increase in prepaid expenses and other current assets 
     (2,893)
  
    Cash used in assets held for sale 
     (1,017,030)
  
    Decrease in accounts payable 
     (41,755)
  
    Decrease in operating lease liabilities 
     (39,622)
  
    Decrease in accrued expenses and other current liabilities 
     (2,940)
  
    Increase in income tax payable 
     4,650 
  
    Cash used in liabilities held for sale 
    $(79,667)
  
    CASH FLOWS FROM INVESTING ACTIVITIES 

    Advance to related parties 
    $109 
  
    Purchase of property, plant and equipment 
    $(7,600)
  
    CASH FLOWS FROM FINANCING ACTIVITIES 

    Repayment of borrowings 
    $(81,605)
  
    Advance from related party 
    $35,282 

NOTE
4 - INVEST