Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 75

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 1A
Chunk 75
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 as a going concern.

In
the event we require additional capital, there can be no assurances that we will be able to raise such capital on acceptable terms, or
at all. Failure to generate sufficient revenues or raise additional capital through debt or equity financings, or through collaboration
agreements, strategic alliances or marketing and distribution arrangements, could have a material adverse effect on our ability to meet
our long-term liquidity needs and achieve our intended long-term business plan. Our failure to obtain such funding when needed could
create a negative impact on our stock price or could potentially lead to a reduction in our operations or the failure of our company.
Accordingly, these factors raise substantial doubt about the Company’s ability to continue as a going concern.

-16-

Cash
Flows

The
following table presents the major components of the consolidated statements of cash flows:

    For the Year Ended September 30, 

    2024  
    2023 

    Net cash used in operating activities - continuing operations 
    $(286,296) 
    $(275,756)
  
    Net cash (used in) provided by operating activities - discontinued operations 
     (492,320) 
     109,361 
  
    Net cash used in operating activities 
    $(778,616) 
    $(166,395)

    Net cash used in investing activities - continuing operations 
    $(228,084) 
    $- 
  
    Net cash (used in) provided by investing activities - discontinued operations 
     (7,600) 
     565,449 
  
    Net cash (used in) provided by investing activities 
    $(235,684) 
    $565,449 

    Net cash provided by financing activities - continuing operations 
    $284,025  
    $275,756 
  
    Net cash provided by financing activities - discontinued operations 
     111,504  
     (53,189)
  
    Net cash provided by financing activities 
    $395,529  
    $222,567 

Operating
Activities

Cash
flows used in operating activities of our continuing operations for the year ended September 30, 2024 were $0.29 million. The
adjustments to reconcile our net loss from continuing operations of $0.31 million to net cash used in operating activities included
add-backs for  the net positive change in our operating assets and liabilities of $0.02
million. Cash flows used in operating