Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 340

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 5
Chunk 340
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    2023 
  
    CASH FLOWS FROM OPERATING
    ACTIVITIES 

    Amortization 
    $51,653  
    $40,244 
  
    Depreciation 
     3,779  
     10,592 
  
    Lease amortization 
     35,026  
     23,802 
  
    Allowance of expected credit losses 
     1,402,732  
     206,140 
  
    Reversal of allowance of expected credit losses 
     (165,477) 
     (308,856)
  
    Deferred income taxes 
     (212,059) 
     (20,977)

    Increase in accounts receivable 
     (1,116,593) 
     (52,747)
  
    Increase in prepaid expenses
    and other current assets 
     (589) 
     (952)
  
    Cash
    used in assets held for sale 
     (1,117,182) 
     (53,699)

    Decrease in accounts payable 
     (51,181) 
     (137,369)
  
    Decrease in operating lease liabilities 
     (39,622) 
     (23,793)
  
    (Decrease)/Increase in accrued expenses and
    other current liabilities 
     (60,487) 
     80,176 
  
    Increase in income tax
    payable 
     58,512  
     56,827 
  
    Cash
    used in liabilities held for sale 
    $(92,778) 
    $(24,159)

    CASH FLOWS FROM INVESTING
    ACTIVITIES 

    Cash acquired from purchase of a subsidiary 
    $-  
    $565,449 
  
    Purchase of property,
    plant and equipment 
    $(7,600) 
    $- 

    CASH FLOWS FROM FINANCING
    ACTIVITIES 

    Repayment of borrowings 

                                 $(81,605) 
    $(53,189)
  
    Advances from related
    party 
    $193,109  
    $- 

NOTE
4 - INVESTMENTS

SCHEDULE
OF INVESTMENTS

    2024  
    2023 
  
    Cost
    Method Investment 

    El