Flywheel Advanced Technology, Inc. (FWFW) reported its financial results for the three and nine months ended June 30, 2025, revealing a net loss of $25,261 for the quarter, a decrease from a net loss of $37,863 in the same period last year. For the nine-month period, the company recorded a net loss of $70,513, down from $194,506 in the prior year. Notably, the company did not generate any revenue during both periods, reflecting its ongoing transition following the sale of its subsidiary, Mega Fortune Company Limited, in July 2024.

Operating expenses for the three months ended June 30, 2025, totaled $25,261, significantly lower than the $105,076 reported for the same period in 2024. This reduction is attributed to decreased professional fees following the Mega Fortune Disposition, which has led to a reclassification of related expenses as discontinued operations. For the nine months ended June 30, 2025, operating expenses were $70,513, compared to $320,205 in the previous year, again reflecting the impact of the discontinued operations.

In terms of financial position, as of June 30, 2025, FWFW reported total assets of $5.43 million, slightly up from $5.43 million as of September 30, 2024. The company’s liabilities increased to $898,674 from $824,253, primarily due to advances from related parties. Stockholders' equity decreased to $4.53 million from $4.60 million, driven by the accumulated deficit, which rose to $4.60 million from $4.53 million.

Strategically, FWFW has undergone significant organizational changes, including the appointment of new executive officers on May 27, 2025, to strengthen its leadership team. The company is currently classified as a "shell company" due to its nominal assets and lack of significant operations following the Mega Fortune Disposition. Management is actively seeking new business opportunities and plans to raise additional capital to support future operations. The company believes that it can alleviate concerns regarding its ability to continue as a going concern through these efforts.

Looking ahead, FWFW aims to identify potential business combinations and is exploring various structures for future acquisitions. However, management acknowledges the competitive landscape and the challenges posed by limited financial resources. The company intends to comply with SEC reporting requirements while pursuing its strategic objectives, although it has not yet entered into any definitive agreements for new business ventures.

About FLYWHEEL ADVANCED TECHNOLOGY, INC.

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