FLYWHEEL ADVANCED TECHNOLOGY, INC. (FWFW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
123 WEST NYE LANE, SUITE 455 CARSON CITY, NV 89706 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 738 - Miscellaneous Business Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 316 | 621 | 7 | ||||||
| Cash and cash equivalents | 316 | 621 | 7 | ||||||
| Receivables | 1,732 | 1,431 | |||||||
| Prepaid expense | 392 | 393 | 1 | ||||||
| Asset, held-for-sale, not part of disposal group | ✕ | ||||||||
| Other undisclosed current assets | 140 | 139 | |||||||
| Total current assets: | 2,580 | 2,584 | 8 | ||||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 19 | 33 | ✕ | ||||||
| Property, plant and equipment | 10 | 7 | |||||||
| Intangible assets, net (including goodwill) | 1,982 | 1,840 | ✕ | ||||||
| Goodwill | 1,840 | 1,840 | |||||||
| Intangible assets, net (excluding goodwill) | 142 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | ✕ | ||||||||
| Other undisclosed noncurrent assets | 159 | ||||||||
| Total noncurrent assets: | 2,011 | 2,040 | |||||||
| Other undisclosed assets | |||||||||
| TOTAL ASSETS: | 4,592 | 4,624 | 8 | ||||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 251 | 248 | 23 | 52 | |||||
| Accounts payable | 30 | 78 | |||||||
| Accrued liabilities | 220 | 170 | 23 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 52 | ||||||||
| Debt | 238 | 105 | 348 | ||||||
| Disposal group, including discontinued operation | |||||||||
| Due to related parties | ✕ | ✕ | ✕ | 181 | 23 | 4 | |||
| Other undisclosed current liabilities | 852 | 907 | |||||||
| Total current liabilities: | 1,341 | 1,259 | 204 | 23 | 404 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 453 | 484 | |||||||
| Long-term debt, excluding current maturities | 453 | 484 | |||||||
| Other undisclosed noncurrent liabilities | 23 | 26 | |||||||
| Total noncurrent liabilities: | 477 | 510 | |||||||
| Other undisclosed liabilities | 43 | ||||||||
| Total liabilities: | 1,817 | 1,770 | 204 | 23 | 447 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,774 | 2,854 | (204) | (1) | (23) | (439) | |||
| Common stock | 3 | 3 | 2 | 16 | 16 | 46 | |||
| Treasury stock, value | (305) | ||||||||
| Additional paid in capital | 6,677 | 6,677 | 2,535 | 2,519 | 105 | 50 | |||
| Accumulated other comprehensive income (loss) | 6 | (3) | |||||||
| Accumulated deficit | (3,912) | (3,823) | (2,740) | (2,536) | (144) | ||||
| Other undisclosed equity, attributable to parent | 1 | (230) | |||||||
| Total equity: | 2,774 | 2,854 | (204) | (1) | (23) | (439) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,592 | 4,624 | (1) | 8 | |||||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,074 | 1,448 | 23 | 15 | ||||
| Cost of revenue | (1,376) | (962) | ||||||
| Gross profit: | 698 | 486 | 23 | 15 | ||||
| Operating expenses | (2,264) | (1,900) | (204) | (2,392) | (23) | (129) | ||
| Operating loss: | (1,567) | (1,414) | (204) | (2,392) | (114) | |||
| Nonoperating income (expense) | 432 | 334 | (70) | |||||
| Interest and debt expense | (16) | (11) | (70) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,150) | (1,091) | (204) | (2,392) | (254) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 16 | 11 | (23) | |||||
| Income (loss) from continuing operations before income taxes: | (1,134) | (1,080) | (204) | (2,392) | (23) | (254) | ||
| Income tax expense (benefit) | (11) | (2) | ||||||
| Income (loss) from continuing operations: | (1,145) | (1,083) | (204) | (2,392) | (23) | (254) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (204) | (2,392) | (23) | (254) | |
| Income from discontinued operations | ||||||||
| Other undisclosed net income | 61 | 2 | ||||||
| Net income (loss): | (1,084) | (1,080) | (204) | (2,392) | (23) | (254) | ||
| Other undisclosed net income (loss) attributable to parent | (61) | (2) | 70 | |||||
| Net income (loss) available to common stockholders, diluted: | (1,145) | (1,083) | (204) | (2,392) | (23) | (184) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,084) | (1,080) | (204) | (2,392) | (23) | (254) | ||
| Comprehensive income (loss): | (1,084) | (1,080) | (204) | (2,392) | (23) | (254) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (55) | (5) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,139) | (1,085) | (204) | (2,392) | (23) | (254) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.