Company: FWFW
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002097
Chunk: 245

Company: FLYWHEEL ADVANCED TECHNOLOGY, INC.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 3
Chunk 245
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1,015,000 
  
    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)
  
    Changes in operating assets and liabilities 

    (Increase)/decrease in: 

    Prepaid expenses and other
    current assets 
     (320) 
     (3,667)
  
    Assets held for sale 
     (1,117,182) 
     (53,699)
  
    Increase/(decrease) in: 

    Accrued expenses and other
    current liabilities 
     26,098  
     31,974 
  
    Liabilities
    held for sale 
     (92,778) 
     (24,159)
  
    Net cash used in operating
    activities 
     (778,616) 
     (166,395)

    CASH FLOWS FROM INVESTING
    ACTIVITIES 

    Cash acquired from purchase
    of subsidiaries 
     -  
     565,449 
  
    Cash outflow from disposal
    of subsidiaries 
     (228,084) 
     - 
  
    Purchase
    of property, plant and equipment 
     (7,600) 
     - 
  
    Net
    cash (used in)/provided by investing activities 
     (235,684) 
     565,449 

    CASH FLOWS FROM FINANCING
    ACTIVITIES 

    Repayment of borrowings 
     (83,876) 
     (53,189)
  
    Advances
    from related parties 
     479,405  
     275,756 
  
    Net
    cash provided by financing activities 
     395,529  
     222,567 
  
    NET (DECREASE)/INCREASE
    IN CASH AND EQUIVA