Company: FWFW
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006388
Chunk: 0

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
FLYWHEEL
ADVANCED TECHNOLOGY, INC.

UNAUDITED
INTERIM CONSOLIDATED FINANCIAL STATEMENTS

AS
OF DECEMBER 31, 2024

3

FLYWHEEL
ADVANCED TECHNOLOGY, INC.

CONTENTS

    Pages

    Consolidated Balance Sheets as of December 31, 2024 (unaudited) and September 30, 2024
    5

    Unaudited Condensed Consolidated Statements of Operations and Comprehensive loss for the Three Months Ended December 31, 2024 and 2023
    6

    Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three Months Ended December 31, 2024 and 2023
    7

    Unaudited Condensed Consolidated Statements of Cash Flows for the Three Months Ended December 31, 2024 and 2023
    8

    Notes to Unaudited Condensed Consolidated Financial Statements
    9-14

4

CONDENSED
CONSOLIDATED BALANCE SHEETS

    December 31,  
    September 30, 

    2024  
    2024 

    (Unaudited)  
    (Audited) 
  
    ASSETS 

    CURRENT ASSETS 

    Prepaid expenses and other current assets 
    $2,952  
    $3,987 
  
    INVESTMENTS 
     5,422,500  
     5,422,500 
  
    TOTAL ASSETS 
    $5,425,452  
    $5,426,487 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    CURRENT LIABILITIES 

    Accrued expenses and other current liabilities 
    $29,636  
    $80,992 
  
    Due to a related party 
     820,295  
     743,261 
  
    Total current liabilities 
     849,931  
     824,253 

    COMMITMENTS AND CONTINGENCIES 
     -  
     - 
  
    STOCKHOLDERS’ EQUITY 

    Common stock, $0.0001 par value 550,000,000, shares authorized, 29,662,164 shares issued and outstanding as of December 31, 2024 and September 30, 202