Company: FWFW
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006388
Chunk: 1

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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4 
     2,966  
     2,966 
  
    Paid in Capital 
     9,129,860  
     9,129,860 
  
    Accumulated other comprehensive income/(loss) 
     2,743  
     2,743 
  
    Accumulated deficit 
     (4,560,048) 
     (4,533,335)
  
    Total Stockholders’ Equity 
     4,575,521  
     4,602,234 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $5,425,452  
    $5,426,487 

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

5

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

AND
COMPREHENSIVE LOSS

(Unaudited)

    2024  
    2023 

    For the three months ended 

    December 31, 

    2024  
    2023 
  
    REVENUE, NET 
    $-  
    $- 

    OPERATING EXPENSES 

    Professional fees 
     25,624  
     168,135 
  
    General and administrative 
     1,089  
     1,153 
  
    Total Operating Expenses 
     26,713  
     169,288 

    OPERATING LOSS 
     (26,713) 
     (169,288)

    LOSS BEFORE INCOME TAXES 
     (26,713) 
     (169,288)

    Income taxes 
     -  
     - 
  
    NET LOSS FROM CONTINUING OPERATIONS 
     (26,713) 
     (169,288)

    Discontinued operations, net of tax 
     -  
     80,978 

    NET LOSS 
     (26,713) 
     (88,310)

    OTHER COMPREHENSIVE LOSS 

    Foreign currency translation gain (loss) 
     -  
     8,543 

    COMPREHENSIVE LOSS 
    $(26,713) 
    $(79,767)

    Net loss from continuing operations per share - basic and diluted: 
    $(0.00) 
    $(0