Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 82

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 82
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ILITIES AND STOCKHOLDERS’ EQUITY 
    $5,426,487  
    $4,623,791 

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

F-2

FLYWHEEL
ADVANCED TECHNOLOGY, INC.

CONSOLIDATED
STATEMENTS OF OPERATIONS

AND
COMPREHENSIVE LOSS

    Year
    Ended
 September 30, 2024  
    Year
    Ended
 September 30, 2023 
  
    REVENUE, NET 
    $-  
    $- 

    OPERATING EXPENSES 

    Professional
    fees 
     304,010  
     1,305,179 
  
    General
    and administrative 
     8,064  
     13,884 

    Total
    Operating Expenses 
     312,074  
     1,319,063 

    OPERATING
    LOSS 
     (312,074) 
     (1,319,063)

    LOSS BEFORE INCOME TAXES 
     (312,074) 
     (1,319,063)
  
    Income
    taxes 
     -  
     - 

    NET  LOSS FROM CONTINUING
    OPERATIONS 
     (312,074) 
     (1,319,063)

    Discontinued
    operations, net of tax 
     (398,014) 
     236,274 

    NET
    LOSS 
     (710,088) 
     (1,082,789)

    OTHER COMPREHENSIVE INCOME
    (LOSS) 

    Foreign
    currency translation gain/(loss) 
     5,434  
     (2,691)

    COMPREHENSIVE
    LOSS 
    $(704,654) 
    $(1,085,480)

    Net income (loss) from
    continuing operations per share - basic and diluted: 
    $0.12  
    $(0.06)
  
    Net income (loss) -
    basic and diluted:  
    $0.12  
    $(0.05)
  
    Weighted average number of shares outstanding 
     29,662,164  
     23,549,970 

The
accompanying notes are an integral part of these consolidated