Flywheel Advanced Technology (FWFW) 10-K 14 Jan 25 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Sep. 30, 2024	Jan. 14, 2025	Mar. 31, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--09-30
Entity File Number	333-167130
Entity Registrant Name	FLYWHEEL ADVANCED TECHNOLOGY, INC.
Entity Central Index Key	0001492617
Entity Tax Identification Number	27-2473958
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	123 West Nye Lane
Entity Address, Address Line Two	Suite 455
Entity Address, City or Town	Carson City
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89706
City Area Code	852
Local Phone Number	6686-0563
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	true
Entity Public Float			$ 643,714
Entity Common Stock, Shares Outstanding		29,591,164
Document Financial Statement Error Correction [Flag]	false
Auditor Name	BCRG Group
Auditor Firm ID	7158
Auditor Location	Irvine, CA

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Sep. 30, 2023
CURRENT ASSETS
Prepaid expenses and other current assets	$ 3,987	$ 3,667
Assets held for sale		4,620,124
Total Current Assets	3,987	4,623,791
INVESTMENTS	5,422,500
TOTAL ASSETS	5,426,487	4,623,791
CURRENT LIABILITIES
Accrued expenses and other current liabilities	80,992	54,894
Liabilities held for sale		1,257,681
Total current liabilities	824,253	1,769,541
Total Liabilities	824,253	1,769,541
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Common stock, $0.0001 par value 550,000,000, shares authorized, 29,662,164 shares issued and outstanding as of September 30, 2024 and 2023	2,966	2,966
Paid in Capital	9,129,860	6,677,222
Accumulated other comprehensive income/(loss)	2,743	(2,691)
Accumulated deficit	(4,533,335)	(3,823,247)
Total Stockholders’ Equity	4,602,234	2,854,250
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	5,426,487	4,623,791
Related Party [Member]
CURRENT LIABILITIES
Due to a related party	$ 743,261	$ 456,966

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	550,000,000	550,000,000
Common stock, shares issued	29,662,164	29,662,164
Common stock, shares outstanding	29,662,164	29,662,164

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
REVENUE, NET
OPERATING EXPENSES
Professional fees	304,010	1,305,179
General and administrative	8,064	13,884
Total Operating Expenses	312,074	1,319,063
OPERATING LOSS	(312,074)	(1,319,063)
LOSS BEFORE INCOME TAXES	(312,074)	(1,319,063)
Income taxes
NET LOSS FROM CONTINUING OPERATIONS	(312,074)	(1,319,063)
Discontinued operations, net of tax	(398,014)	236,274
NET LOSS	(710,088)	(1,082,789)
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation gain/(loss)	5,434	(2,691)
COMPREHENSIVE LOSS	$ (704,654)	$ (1,085,480)
Net loss from continuing operations per share - basic	$ 0.12	$ (0.06)
Net loss from continuing operations per share - diluted	0.12	(0.06)
Net loss per share - basic	0.12	(0.05)
Net loss per share - diluted	$ 0.12	$ (0.05)
Weighted average number of shares outstanding basic	29,662,164	23,549,970
Weighted average number of shares outstanding diluted	29,662,164	23,549,970

Consolidated Statements of Chan

Consolidated Statements of Change in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Sep. 30, 2022	$ 1,782	$ 2,534,546		$ (2,740,458)	$ (204,130)
Balance, shares at Sep. 30, 2022	17,822,564
Issuance of common stock for acquisition	$ 894	3,127,966			3,128,860
Issuance of common stock for acquisition, shares	8,939,600
Stock-based compensation	$ 290	1,014,710			1,015,000
Stock based compensation, shares	2,900,000
Exchange difference on translation			(2,691)		(2,691)
Net income (loss)				(1,082,789)	(1,082,789)
Balance at Sep. 30, 2023	$ 2,966	6,677,222	(2,691)	(3,823,247)	2,854,250
Balance, shares at Sep. 30, 2023	29,662,164
Exchange difference on translation			5,434		5,434
Net income (loss)				(710,088)	(710,088)
Gain on Sale of Mega Fortune		2,452,638			2,452,638
Balance at Sep. 30, 2024	$ 2,966	$ 9,129,860	$ 2,743	$ (4,533,335)	$ 4,602,234
Balance, shares at Sep. 30, 2024	29,662,164

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (710,088)	$ (1,082,789)
Adjusted to reconcile net loss to cash provided by (used in) operating activities:
Stock-based compensation expenses		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)
(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 EQUIVALENTS	(618,771)	621,621
EFFECT OF EXCHANGE RATES ON CASH	(2,230)	(620)
AT BEGINNING OF PERIOD	621,001
CASH AND EQUIVALENTS AT END OF PERIOD		621,001
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for income taxes	3,374	33,492
Cash paid for interest	15,456	10,869
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Investment obtained from sales of Mega Fortune	$ 5,422,500

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (710,088)	$ (1,082,789)

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
No insider trading flag	true

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	12 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS BACKGROUND	NOTE- 1 ORGANIZATION AND BUSINESS BACKGROUND Flywheel Advanced Technology, Inc. (formerly known as Pan Global Corp.) (“the Company”) was incorporated in the state of Nevada on April 30, 2010. The Company had the following significant events: ● Stock Purchase Agreement (July 13, 2021) 10,000,000 0.0001 As a result, the Purchaser became approximately 90% holder of the voting rights of the issued and outstanding shares of the Company, on a fully diluted basis and became the controlling shareholder. ● Name Change (November 21, 2021) ● Reverse Stock Split (July 13, 2022) 1:100 reverse stock split 1:100 reverse stock split 1,551,550 155,155,000 ● Ticker Symbol Change (August 5, 2022) ● Issuance of Preferred Stock A-1 (September 15, 2022) 10,000,000 The Amendment was necessary as the terms of the Certificate of Designation for the Preferred Stock expressly provided that the conversion ratio of 162 shares of common stock for each share of Preferred Stock would not be reduced in the event of a stock split or other capitalization of the Company. ● The Company’s outstanding 10,000,000 1.62 16,200,000 ● Formation of Blue Print Global, Inc. (November 30, 2022) The Company holds 70% of Blue Print, and the balance is held by two individuals unrelated to the Company, with each party holding 15%. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ● Blue Print Agency Agreement (December 7, 2022) ● Share Exchange with QBS System Limited (December 15, 2022) 8,939,600 0.0001 ● Common Stock Issuances (May 24, 2023) 1,450,000 ● Formation of Mega Fortune Company Limited and Ponte Fides Company Limited (January 30, 2024 and February 13, 2024) ● Transfer of QBS System Shares to Ponte Fides Company Limited (April 29, 2024) 100 QBS System was incorporated in Hong Kong on April 14, 2011 with limited liability and its principal activities are providing Internet of Things (“IoT”) solutions and services across industries. Its IoT solutions help clients to build applications using available IoT device, sensors, framework and platform, to integrate the available hardware and software solution with clients’ existing landscape or implement a new IoT solution for enterprises. QBS System provides a full-range IoT services comprising consulting development and implementation, analytics, support, and evolution. It has a business portfolio providing IoT integration solution services, IoT maintenance, support services, IoT projects and ventures Business Process Outsourcing (“BPO”) services, and approximately years of experience in Hong Kong providing IoT software and hardware engineering services. Clients range across various industries, such as logistics and supply chain management, food and beverage, automation and smart building. The applications of QBS System’s IoT Solution include connected equipment in the enterprise (“Enterprise IoT”) and industrial assets such as machines, robots, or even workers in smart factories and industrial facilities (“Industrial IoT”, the essential component of Industry 4.0). QBS System formed a wholly owned subsidiary, QBS System Pty Ltd (“QBS System Pty”) in Australia on May 8, 2020 and its principal activities are providing computer network systems design and integration services. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Company’s subsidiaries are as follows as of September 30, 2024: SCHEDULE OF COMPANY SUBSIDIARIES Name of Corporation Date of Formation Ownership Description of Business Flywheel Advanced Technology, Inc. (Nevada Corporation) April 30, 2010 100 Parent Company Blue Print Global, Inc. (British Virgin Islands Corporation) November 30, 2022 70 Establish an operation to source the supply and sale of warehouse patrol robots We use the terms “Company”, “we” and “us” to refer to both Flywheel Advanced Technology, Inc. and its subsidiaries.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Going Concern Pursuant to the guidance in ASC 205-40 Going Concern, 0.3 0.8 (A) Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”) “FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of consolidated financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States. The historical results of our IoT services business, primarily consisting of Mega Fortune Company Limited and its subsidiaries, Pontes Fides Company Limited, QBS System Limited and QBS System Pty Ltd ,and related activity have been presented in the accompanying consolidated statements of operations and cash flows for the years ended September 30, 2024 and 2023 as discontinued operations. See Note 3 - Discontinued Operations. Unless otherwise specified, disclosures in these consolidated financial statements reflect continuing operations only. Certain prior year amounts have been reclassified to conform to current year presentation. (B) Principles of Consolidation The accompanying consolidated financial statements are presented using the accrual basis of accounting and include the Company and its wholly owned and majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (C) Use of estimates The preparation of consolidated financial statements in accordance with the U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, revenue recognition, allowance for credit losses, the measurement of lease liabilities and right-of-use (“ROU”) assets, measurements of assets and obligations related to employee benefits, the nature and timing of the satisfaction of performance obligations, the standalone selling price of performance obligations, variable consideration, other obligations for revenue recognition, and other contingencies. Management believes the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates and assumptions are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the Company’s consolidated financial statements (D) Financial instruments and concentration of credit risk Financial instruments that potentially subject the Company to concentration of credit risk are reflected principally in cash and equivalents and accounts receivable. The Company places its cash and cash equivalents with banks with high investment grade ratings, limits the amount of credit exposure with any one bank and conducts ongoing evaluations of the creditworthiness of the banks with which it does business. To reduce its credit risk on accounts receivable, the Company conducts ongoing credit evaluations of its customers. (E) Cash and cash equivalents For purpose of the statements of cash flows, cash and cash equivalents include cash on hand and demand deposits with a bank with an initial maturity of less than three months. (F) Investments The Company applies the cost method of accounting to investments when it does not have significant influence or a controlling interest in the investee and the fair value of the investment is not readily determinable. Dividends on cost method investments received are recorded as income. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Management reviewed the underlying net assets of the investments during the year ended September 30, 2024 and determined that the Company’ s proportionate economic interest in the investments indicate that the investments were not other than temporarily impaired. The carrying value of our cost method investments is reported as “investments” on the consolidated balance sheets. Note 4 contains additional information on our cost method investments. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (G) Fair value of financial instruments FASB Codification Topic 825 (ASC Topic 825), “Disclosure about Fair Value of Financial Instruments,” requires certain disclosures regarding the fair value (“FV”) of financial instruments. The carrying amounts of accounts receivable, other current assets and prepaid expenses, accounts payable, other payables and accrued liabilities and due to Company companies approximate their FVs because of the short-term nature of the instruments. The management of the Company is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial statements. (H) Foreign currency translation The Company’s consolidated financial statements are reported in United States dollars (“US$”), the Company’s reporting currency, also the functional currency. The functional currency for the Company’s subsidiary organized in Hong Kong is Hong Kong dollars (“HK$”). The functional currency for the Company’s subsidiary organized in Australian is Australian dollars (“A$”). The translation of the functional currencies of the Company’s subsidiaries into US$ is performed for balance sheet accounts using the exchange rates in effect as of the balance sheet date and for revenues and expense accounts using a monthly average exchange rate prevailing during the respective period. The gains or losses resulting from such translation are reported as currency translation adjustments under other comprehensive income (loss), net, under accumulated other comprehensive income (loss) as a separate component of equity. Monetary assets and liabilities of the Company and its subsidiary denominated in currencies other than the functional currency of the Company and subsidiary are translated into their respective functional currency at the rates of exchange prevailing on the balance sheet date. Transactions of the Company and its subsidiary in currencies other than the Company’s and the Subsidiary’s functional currencies are translated into the respective functional currencies at the average monthly exchange rate prevailing during the period of the transaction. The gains or losses resulting from foreign currency transactions are included in the consolidated statements of income. The exchange rates used to translate amounts in HK$ and AU$ into US$ for the purposes of preparing the consolidated financial statements were as follows: SCHEDULE OF EXCHANGE RATES July 5 2024 September 30, 2023 Balance sheet items, except for common stock, additional paid-in capital and retained earnings, as of period end US$1=HK$ 7.789466 US$1=HK$ 7.82996 US$1=AUD 1.483845 US$1=AUD 1.55615 For the Period Ended For the Year Ended Amounts included in the statements of operations and cash flows for the year US$1=HK$ 7.81742 US$1=HK$ 7.84901 US$1=AUD 1.52416 US$1=AUD 1.49816 FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (I) Other comprehensive (loss)/income The foreign currency translation gain or loss resulting from translation of the financial statements expressed in HK$ and AU$ to US$ is reported as other comprehensive income or loss in the statements of operations and stockholders’ equity. (J) Employee benefit plans Contributions to defined contribution plans are expensed in the period in which services are rendered by the covered employees. The Company recognizes its liabilities for compensated absences dependent on whether the obligation is attributable to employee services already rendered, relates to rights that vest or accumulate and payment is probable and estimable. Refer to Note 14. (K) Income taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized as income in the period included the enactment date. (L) Earning per share Basic earnings(loss) per share are computed by dividing income available to stockholders by the weighted average number of shares outstanding during the year. Diluted income per share is computed like basic income per share except that the denominator is increased to include the number of additional shares that would have been outstanding if the potential shares had been issued and if the additional shares were diluted. There were no potentially dilutive securities for 2024 and 2023. (M) Commitments and contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Legal costs incurred in connection with such liabilities are expensed as incurred. (N) Recently Issued Accounting Standards There are no recently announced, but not yet effective accounting pronouncements that are expected to have a material impact to the Company as of September 30, 2024 and 2023. (O) Fair Value of Financial Instruments The assets and liabilities are valued using a fair market basis as defined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) ASC 820, Fair Value Measurement. Fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. The Company uses a three-level hierarchy established by the FASB that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach). The levels of the fair value hierarchy are described below: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs with little or no market data available, which require the reporting entity to develop its own assumptions. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Financial assets and liabilities are classified in their entirety based on the most conservative level of input that is significant to the fair value measurement. As of September 30, 2024, the following table represents the Company’s fair value hierarchy for items that are required to be measured at fair value on a recurring basis: SCHEDULE OF FAIR VALUE HIERARCHY FOR ITEMS THAT ARE REQUIRED AT FAIR VALUE ON A RECURRING BASIS Fair value measurements at reporting date using: Fair value Quoted prices in active markets for identical liabilities (Level 1) Significant other Significant unobservable inputs Assets: Investments at September 30, 2024 $ 5,422,500 $ - $ - $ 5,422,500 (O) Impairment of Long-lived Assets The Company reviews long-lived assets to be held and used in operations for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may may not 3 No December 31, 2023 December 31, 2022. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 3 – DISCONTINUED OPERATIONS On July 5, 2024, the Company and Mega Fortune Company Limited, its wholly-owned subsidiary, completed the sale (the “Mega Fortune Disposition”) to Mericorn Company Limited (the “Buyer”), of all of the equity associated with the Company ’ s Mega Fortune Company Limited, which is composed of the Company ’ s subsidiaries, Pontes Fides Company Limited, QBS System Limited and QBS System Pty Ltd, pursuant to a Share Purchase Agreement, dated as of July 5, 2024. The Mega Fortune Company Limited and its subsidiaries are engaged in the business of provision of IoT maintenance and support services, IoT BPO services and IoT development services in Hong Kong and Australia. Under the terms of the Share Purchase Agreement, the Buyer paid HK$ 56,360,000 7,230,000 938 938 5,422,500 2,452,638 The following table shows calculation of the gain on Sale of Mega Fortune: SCHEDULE OF DISCONTINUED OPERATIONS GAIN ON SALE July 5, 2024 Fair value of shares of Eilson $ 5,422,500 Less: Carrying value of net assets disposed 2,969,862 Gain on Sales of Mega Fortune $ 2,452,638 The following table shows the carrying value of net assets disposed: SCHEDULE OF CARRYING VALUE OF NET ASSETS DISPOSED July 5, 2024 Cash and cash equivalents $ 230,232 Other current assets 1,831,334 Non-current assets 2,335,812 Bank loans (507,441 ) Other liabilities (920,075 ) Carrying value of net assets disposed $ 2,969,862 The carrying amounts of the assets and liabilities of the three reportable segments were classified as held for sale in our consolidated balance sheets as of September 30, 2023. The asset and liability balances as of September 30, 2023 were classified as current as we anticipated the sale of these assets and liabilities within a one year period. The carrying amounts were as follows: SCHEDULE OF DISCLOSURE OF LONG LIVED ASSETS HELD FOR SALE 2023 Cash and cash equivalents $ 621,001 Accounts receivable, net of allowances 1,431,201 Due from related parties 116,419 Prepaid expenses and other current assets 389,075 Deferred tax assets 22,481 Total current assets held for sale 2,580,177 Property and equipment, net 6,783 Goodwill 1,840,202 Acquisition-related intangibles 159,481 Right-of-use assets 33,481 Total assets held for sale $ 4,620,124 FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2023 Bank loans - current portion $ 104,608 Accounts payable 78,064 Accrued expenses and other current liabilities 115,195 Due to related parties 365,061 Operating lease liabilities 37,789 Income tax payable 46,699 Total current liabilities for sale 747,416 Bank loans 483,950 Operating lease liabilities - Deferred tax liabilities – arise from fair value gain 26,315 Total liabilities for sale $ 1,257,681 Summarized results of discontinued operations for the three reportable segments are as follows: SCHEDULE OF DISCONTINUED OPERATIONS For the Year Ended September 30, 2024 2023 Revenue, net $ 2,979,793 $ 1,448,176 Cost of revenue (1,526,853 ) (961,818 ) Operating expenses (2,230,942 ) (581,436 ) Other income 244,259 344,461 Interest (expenses) income, net (15,456 ) (10,752 ) Income from discontinued operations before taxes (549,199 ) 238,631 Income taxes 151,185 (2,357 ) Income from discontinued operations, net of tax $ (398,014 ) $ 236,274 FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Summarized cash flow information for the three reportable segments discontinued operations are as follows: SCHEDULE OF CASH FLOW INFORMATION Year Ended September 30, 2024 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 $ -

INVESTMENTS

INVESTMENTS	12 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
INVESTMENTS	NOTE 4 - INVESTMENTS SCHEDULE OF INVESTMENTS 2024 2023 Cost Method Investment Elison Virtus Company Limited $ 5,422,500 $ - On July 5, 2024, the Company entered into a Share Purchase Agreement. As consideration for entering into this agreement, the Company received 938 9.38 5,422,500

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 - RELATED PARTY TRANSACTIONS The Company owed a related company, Flywheel Financial Strategy (Hong Kong) Company Limited of $ 743,261 456,966

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 – SUBSEQUENT EVENTS The Company follows the guidance in FASB ASC Topic 855, 855 ” 855 may not

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	(A) Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”) “FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of consolidated financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States. The historical results of our IoT services business, primarily consisting of Mega Fortune Company Limited and its subsidiaries, Pontes Fides Company Limited, QBS System Limited and QBS System Pty Ltd ,and related activity have been presented in the accompanying consolidated statements of operations and cash flows for the years ended September 30, 2024 and 2023 as discontinued operations. See Note 3 - Discontinued Operations. Unless otherwise specified, disclosures in these consolidated financial statements reflect continuing operations only. Certain prior year amounts have been reclassified to conform to current year presentation.
Principles of Consolidation	(B) Principles of Consolidation The accompanying consolidated financial statements are presented using the accrual basis of accounting and include the Company and its wholly owned and majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Use of estimates	(C) Use of estimates The preparation of consolidated financial statements in accordance with the U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, revenue recognition, allowance for credit losses, the measurement of lease liabilities and right-of-use (“ROU”) assets, measurements of assets and obligations related to employee benefits, the nature and timing of the satisfaction of performance obligations, the standalone selling price of performance obligations, variable consideration, other obligations for revenue recognition, and other contingencies. Management believes the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates and assumptions are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the Company’s consolidated financial statements
Financial instruments and concentration of credit risk	(D) Financial instruments and concentration of credit risk Financial instruments that potentially subject the Company to concentration of credit risk are reflected principally in cash and equivalents and accounts receivable. The Company places its cash and cash equivalents with banks with high investment grade ratings, limits the amount of credit exposure with any one bank and conducts ongoing evaluations of the creditworthiness of the banks with which it does business. To reduce its credit risk on accounts receivable, the Company conducts ongoing credit evaluations of its customers.
Cash and cash equivalents	(E) Cash and cash equivalents For purpose of the statements of cash flows, cash and cash equivalents include cash on hand and demand deposits with a bank with an initial maturity of less than three months.
Investments	(F) Investments The Company applies the cost method of accounting to investments when it does not have significant influence or a controlling interest in the investee and the fair value of the investment is not readily determinable. Dividends on cost method investments received are recorded as income. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Management reviewed the underlying net assets of the investments during the year ended September 30, 2024 and determined that the Company’ s proportionate economic interest in the investments indicate that the investments were not other than temporarily impaired. The carrying value of our cost method investments is reported as “investments” on the consolidated balance sheets. Note 4 contains additional information on our cost method investments. FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Fair value of financial instruments	(G) Fair value of financial instruments FASB Codification Topic 825 (ASC Topic 825), “Disclosure about Fair Value of Financial Instruments,” requires certain disclosures regarding the fair value (“FV”) of financial instruments. The carrying amounts of accounts receivable, other current assets and prepaid expenses, accounts payable, other payables and accrued liabilities and due to Company companies approximate their FVs because of the short-term nature of the instruments. The management of the Company is of the opinion that the Company is not exposed to significant interest or credit risks arising from these financial statements.
Foreign currency translation	(H) Foreign currency translation The Company’s consolidated financial statements are reported in United States dollars (“US$”), the Company’s reporting currency, also the functional currency. The functional currency for the Company’s subsidiary organized in Hong Kong is Hong Kong dollars (“HK$”). The functional currency for the Company’s subsidiary organized in Australian is Australian dollars (“A$”). The translation of the functional currencies of the Company’s subsidiaries into US$ is performed for balance sheet accounts using the exchange rates in effect as of the balance sheet date and for revenues and expense accounts using a monthly average exchange rate prevailing during the respective period. The gains or losses resulting from such translation are reported as currency translation adjustments under other comprehensive income (loss), net, under accumulated other comprehensive income (loss) as a separate component of equity. Monetary assets and liabilities of the Company and its subsidiary denominated in currencies other than the functional currency of the Company and subsidiary are translated into their respective functional currency at the rates of exchange prevailing on the balance sheet date. Transactions of the Company and its subsidiary in currencies other than the Company’s and the Subsidiary’s functional currencies are translated into the respective functional currencies at the average monthly exchange rate prevailing during the period of the transaction. The gains or losses resulting from foreign currency transactions are included in the consolidated statements of income. The exchange rates used to translate amounts in HK$ and AU$ into US$ for the purposes of preparing the consolidated financial statements were as follows: SCHEDULE OF EXCHANGE RATES July 5 2024 September 30, 2023 Balance sheet items, except for common stock, additional paid-in capital and retained earnings, as of period end US$1=HK$ 7.789466 US$1=HK$ 7.82996 US$1=AUD 1.483845 US$1=AUD 1.55615 For the Period Ended For the Year Ended Amounts included in the statements of operations and cash flows for the year US$1=HK$ 7.81742 US$1=HK$ 7.84901 US$1=AUD 1.52416 US$1=AUD 1.49816 FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Other comprehensive (loss)/income	(I) Other comprehensive (loss)/income The foreign currency translation gain or loss resulting from translation of the financial statements expressed in HK$ and AU$ to US$ is reported as other comprehensive income or loss in the statements of operations and stockholders’ equity.
Employee benefit plans	(J) Employee benefit plans Contributions to defined contribution plans are expensed in the period in which services are rendered by the covered employees. The Company recognizes its liabilities for compensated absences dependent on whether the obligation is attributable to employee services already rendered, relates to rights that vest or accumulate and payment is probable and estimable. Refer to Note 14.
Income taxes	(K) Income taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the periods in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized as income in the period included the enactment date.
Earning per share	(L) Earning per share Basic earnings(loss) per share are computed by dividing income available to stockholders by the weighted average number of shares outstanding during the year. Diluted income per share is computed like basic income per share except that the denominator is increased to include the number of additional shares that would have been outstanding if the potential shares had been issued and if the additional shares were diluted. There were no potentially dilutive securities for 2024 and 2023.
Commitments and contingencies	(M) Commitments and contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. Legal costs incurred in connection with such liabilities are expensed as incurred.
Recently Issued Accounting Standards	(N) Recently Issued Accounting Standards There are no recently announced, but not yet effective accounting pronouncements that are expected to have a material impact to the Company as of September 30, 2024 and 2023.
Fair Value of Financial Instruments	(O) Fair Value of Financial Instruments The assets and liabilities are valued using a fair market basis as defined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) ASC 820, Fair Value Measurement. Fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. The Company uses a three-level hierarchy established by the FASB that prioritizes fair value measurements based on the types of inputs used for the various valuation techniques (market approach, income approach and cost approach). The levels of the fair value hierarchy are described below: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly; these include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level 3: Unobservable inputs with little or no market data available, which require the reporting entity to develop its own assumptions. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. Financial assets and liabilities are classified in their entirety based on the most conservative level of input that is significant to the fair value measurement. As of September 30, 2024, the following table represents the Company’s fair value hierarchy for items that are required to be measured at fair value on a recurring basis: SCHEDULE OF FAIR VALUE HIERARCHY FOR ITEMS THAT ARE REQUIRED AT FAIR VALUE ON A RECURRING BASIS Fair value measurements at reporting date using: Fair value Quoted prices in active markets for identical liabilities (Level 1) Significant other Significant unobservable inputs Assets: Investments at September 30, 2024 $ 5,422,500 $ - $ - $ 5,422,500
Impairment of Long-lived Assets	(O) Impairment of Long-lived Assets The Company reviews long-lived assets to be held and used in operations for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may may not 3 No December 31, 2023 December 31, 2022.

ORGANIZATION AND BUSINESS BAC_2

ORGANIZATION AND BUSINESS BACKGROUND (Tables)	12 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF COMPANY SUBSIDIARIES	The Company’s subsidiaries are as follows as of September 30, 2024: SCHEDULE OF COMPANY SUBSIDIARIES Name of Corporation Date of Formation Ownership Description of Business Flywheel Advanced Technology, Inc. (Nevada Corporation) April 30, 2010 100 Parent Company Blue Print Global, Inc. (British Virgin Islands Corporation) November 30, 2022 70 Establish an operation to source the supply and sale of warehouse patrol robots

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SCHEDULE OF EXCHANGE RATES	The exchange rates used to translate amounts in HK$ and AU$ into US$ for the purposes of preparing the consolidated financial statements were as follows: SCHEDULE OF EXCHANGE RATES July 5 2024 September 30, 2023 Balance sheet items, except for common stock, additional paid-in capital and retained earnings, as of period end US$1=HK$ 7.789466 US$1=HK$ 7.82996 US$1=AUD 1.483845 US$1=AUD 1.55615 For the Period Ended For the Year Ended Amounts included in the statements of operations and cash flows for the year US$1=HK$ 7.81742 US$1=HK$ 7.84901 US$1=AUD 1.52416 US$1=AUD 1.49816
SCHEDULE OF FAIR VALUE HIERARCHY FOR ITEMS THAT ARE REQUIRED AT FAIR VALUE ON A RECURRING BASIS	As of September 30, 2024, the following table represents the Company’s fair value hierarchy for items that are required to be measured at fair value on a recurring basis: SCHEDULE OF FAIR VALUE HIERARCHY FOR ITEMS THAT ARE REQUIRED AT FAIR VALUE ON A RECURRING BASIS Fair value measurements at reporting date using: Fair value Quoted prices in active markets for identical liabilities (Level 1) Significant other Significant unobservable inputs Assets: Investments at September 30, 2024 $ 5,422,500 $ - $ - $ 5,422,500

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
SCHEDULE OF DISCONTINUED OPERATIONS GAIN ON SALE	SCHEDULE OF DISCONTINUED OPERATIONS GAIN ON SALE July 5, 2024 Fair value of shares of Eilson $ 5,422,500 Less: Carrying value of net assets disposed 2,969,862 Gain on Sales of Mega Fortune $ 2,452,638
SCHEDULE OF CARRYING VALUE OF NET ASSETS DISPOSED	The following table shows the carrying value of net assets disposed: SCHEDULE OF CARRYING VALUE OF NET ASSETS DISPOSED July 5, 2024 Cash and cash equivalents $ 230,232 Other current assets 1,831,334 Non-current assets 2,335,812 Bank loans (507,441 ) Other liabilities (920,075 ) Carrying value of net assets disposed $ 2,969,862
SCHEDULE OF DISCONTINUED OPERATIONS	The carrying amounts of the assets and liabilities of the three reportable segments were classified as held for sale in our consolidated balance sheets as of September 30, 2023. The asset and liability balances as of September 30, 2023 were classified as current as we anticipated the sale of these assets and liabilities within a one year period. The carrying amounts were as follows: SCHEDULE OF DISCLOSURE OF LONG LIVED ASSETS HELD FOR SALE 2023 Cash and cash equivalents $ 621,001 Accounts receivable, net of allowances 1,431,201 Due from related parties 116,419 Prepaid expenses and other current assets 389,075 Deferred tax assets 22,481 Total current assets held for sale 2,580,177 Property and equipment, net 6,783 Goodwill 1,840,202 Acquisition-related intangibles 159,481 Right-of-use assets 33,481 Total assets held for sale $ 4,620,124 FLYWHEEL ADVANCED TECHNOLOGY, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2023 Bank loans - current portion $ 104,608 Accounts payable 78,064 Accrued expenses and other current liabilities 115,195 Due to related parties 365,061 Operating lease liabilities 37,789 Income tax payable 46,699 Total current liabilities for sale 747,416 Bank loans 483,950 Operating lease liabilities - Deferred tax liabilities – arise from fair value gain 26,315 Total liabilities for sale $ 1,257,681 Summarized results of discontinued operations for the three reportable segments are as follows: SCHEDULE OF DISCONTINUED OPERATIONS For the Year Ended September 30, 2024 2023 Revenue, net $ 2,979,793 $ 1,448,176 Cost of revenue (1,526,853 ) (961,818 ) Operating expenses (2,230,942 ) (581,436 ) Other income 244,259 344,461 Interest (expenses) income, net (15,456 ) (10,752 ) Income from discontinued operations before taxes (549,199 ) 238,631 Income taxes 151,185 (2,357 ) Income from discontinued operations, net of tax $ (398,014 ) $ 236,274
SCHEDULE OF DISCONTINUED OPERATIONS	Summarized results of discontinued operations for the three reportable segments are as follows: SCHEDULE OF DISCONTINUED OPERATIONS For the Year Ended September 30, 2024 2023 Revenue, net $ 2,979,793 $ 1,448,176 Cost of revenue (1,526,853 ) (961,818 ) Operating expenses (2,230,942 ) (581,436 ) Other income 244,259 344,461 Interest (expenses) income, net (15,456 ) (10,752 ) Income from discontinued operations before taxes (549,199 ) 238,631 Income taxes 151,185 (2,357 ) Income from discontinued operations, net of tax $ (398,014 ) $ 236,274
SCHEDULE OF CASH FLOW INFORMATION	Summarized cash flow information for the three reportable segments discontinued operations are as follows: SCHEDULE OF CASH FLOW INFORMATION Year Ended September 30, 2024 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 $ -

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
SCHEDULE OF INVESTMENTS	SCHEDULE OF INVESTMENTS 2024 2023 Cost Method Investment Elison Virtus Company Limited $ 5,422,500 $ -

SCHEDULE OF COMPANY SUBSIDIARIE

SCHEDULE OF COMPANY SUBSIDIARIES (Details)	12 Months Ended
	Sep. 30, 2024
Flywheel Advanced Technology, Inc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Date of formation	Apr. 30, 2010
Ownership percentage	100%
Description of business	Parent Company
Blue Print Global, Inc [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Date of formation	Nov. 30, 2022
Ownership percentage	70%
Description of business	Establish an operation to source the supply and sale of warehouse patrol robots

ORGANIZATION AND BUSINESS BAC_3

ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative)	Apr. 29, 2024 HKD ($)	May 24, 2023 shares	Mar. 22, 2023 $ / shares shares	Nov. 30, 2022	Sep. 15, 2022 shares	Jul. 14, 2022 shares	Jul. 13, 2022	Jul. 13, 2021 $ / shares shares	Sep. 30, 2024 $ / shares shares	Sep. 30, 2023 $ / shares shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Reverse stock split						1:100 reverse stock split	1:100 reverse stock split
Common stock, shares issued						1,551,550			29,662,164	29,662,164
Common stock, shares outstanding						1,551,550			29,662,164	29,662,164
Conversion of stock, description					The Amendment was necessary as the terms of the Certificate of Designation for the Preferred Stock expressly provided that the conversion ratio of 162 shares of common stock for each share of Preferred Stock would not be reduced in the event of a stock split or other capitalization of the Company.
Preferred stock shares converted					10,000,000
Stock convertion basis					1.62
Business combination, control obtained description				The Company holds 70% of Blue Print, and the balance is held by two individuals unrelated to the Company, with each party holding 15%.
Common stock, par value | $ / shares									$ 0.0001	$ 0.0001
Transferred shares under restruction | $	$ 100
Common Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock shares converted					16,200,000
Issuance of shares		1,450,000
Prior To Reverse Stock Split [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, shares issued						155,155,000
Common stock, shares outstanding						155,155,000
Share Exchange Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Issuance of shares			8,939,600
Common stock, par value | $ / shares			$ 0.0001
Series A1 Preferred Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Preferred stock, shares issued					10,000,000
Preferred stock, shares outstanding					10,000,000
Series A1 Preferred Stock [Member] | Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Shares purchased by purchaser								10,000,000
Preferred stock par value | $ / shares								$ 0.0001
Voting rights								As a result, the Purchaser became approximately 90% holder of the voting rights of the issued and outstanding shares of the Company, on a fully diluted basis and became the controlling shareholder.

SCHEDULE OF EXCHANGE RATES (Det

SCHEDULE OF EXCHANGE RATES (Details)		12 Months Ended
	Jul. 05, 2024	Sep. 30, 2023
United States Dollar And Hong Kong Dollar [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Foreign currency exchange rate	7.789466	7.82996
Foreign currency exchange rate revenues and expenses	7.81742	7.84901
United States Dollar And Australian Dollar [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Foreign currency exchange rate	1.483845	1.55615
Foreign currency exchange rate revenues and expenses	1.52416	1.49816

SCHEDULE OF FAIR VALUE HIERARCH

SCHEDULE OF FAIR VALUE HIERARCHY FOR ITEMS THAT ARE REQUIRED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Platform Operator, Crypto Asset [Line Items]
Investments at September 30, 2024	$ 5,422,500
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Investments at September 30, 2024
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Investments at September 30, 2024
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Investments at September 30, 2024	$ 5,422,500

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Net operating loss	$ 312,074	$ 1,319,063
Net Cash Provided by (Used in) Operating Activities	$ 778,616	$ 166,395

SCHEDULE OF DISCONTINUED OPERAT

SCHEDULE OF DISCONTINUED OPERATIONS GAIN ON SALE (Details) - Jul. 05, 2024 - Mega Fortune [Member]	USD ($)	HKD ($)
Restructuring Cost and Reserve [Line Items]
Fair value of shares of Eilson	$ 5,422,500	$ 5,422,500
Less: Carrying value of net assets disposed	2,969,862
Gain on Sales of Mega Fortune	$ 2,452,638

SCHEDULE OF CARRYING VALUE OF N

SCHEDULE OF CARRYING VALUE OF NET ASSETS DISPOSED (Details) - USD ($)	Jul. 05, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Cash and cash equivalents		$ 621,001
Mega Fortune [Member]
Restructuring Cost and Reserve [Line Items]
Cash and cash equivalents	$ 230,232
Other current assets	1,831,334
Non-current assets	2,335,812
Bank loans	(507,441)
Other liabilities	(920,075)
Carrying value of net assets disposed	$ 2,969,862

SCHEDULE OF DISCONTINUED OPER_2

SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Cash and cash equivalents		$ 621,001
Accounts receivable, net of allowances		1,431,201
Due from related parties		116,419
Prepaid expenses and other current assets		389,075
Deferred tax assets		22,481
Total current assets held for sale		2,580,177
Property and equipment, net		6,783
Goodwill		1,840,202
Acquisition-related intangibles		159,481
Right-of-use assets		33,481
Total assets held for sale		4,620,124
Bank loans - current portion		104,608
Accounts payable		78,064
Accrued expenses and other current liabilities		115,195
Due to related parties		365,061
Operating lease liabilities		37,789
Income tax payable		46,699
Total current liabilities for sale		747,416
Bank loans		483,950
Operating lease liabilities
Deferred tax liabilities – arise from fair value gain		26,315
Total liabilities for sale		1,257,681
Revenue, net	$ 2,979,793	1,448,176
Cost of revenue	(1,526,853)	(961,818)
Operating expenses	(2,230,942)	(581,436)
Other income	244,259	344,461
Interest (expenses) income, net	(15,456)	(10,752)
Income from discontinued operations before taxes	(549,199)	238,631
Income taxes	151,185	(2,357)
Income from discontinued operations, net of tax	$ (398,014)	$ 236,274

SCHEDULE OF CASH FLOW INFORMATI

SCHEDULE OF CASH FLOW INFORMATION (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Amortization	$ 51,653	$ 40,244
Depreciation	3,779	10,592
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 prepaid expenses and other current assets	(320)	(3,667)
Cash used in assets held for sale	(1,117,182)	(53,699)
(Decrease)/Increase in accrued expenses and other current liabilities	26,098	31,974
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	(83,876)	(53,189)
Discontinued Operations [Member]
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

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative)	Jul. 05, 2024 USD ($) shares	Jul. 05, 2024 HKD ($) shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Fair value of shares of Eilson, shares | shares	938	938
Pre tax gain | $	$ 2,452,638
Share Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Fair value of shares of Eilson | $	7,230,000
Mega Fortune [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Fair value of shares of Eilson	5,422,500	$ 5,422,500
Share Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Fair value of shares of Eilson	$ 5,422,500	$ 56,360,000
Fair value of shares of Eilson, shares | shares	938	938

SCHEDULE OF INVESTMENTS (Detail

SCHEDULE OF INVESTMENTS (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Elison Virtus Company Limited	$ 5,422,500

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative) - Jul. 05, 2024	USD ($) shares	HKD ($) shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Consideration transferred, shares	938	938
Elison Virtus Company Limited [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Equity percentage	9.38%	9.38%
Share Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Consideration transferred, shares	938	938
Consideration transferred	$ 5,422,500	$ 56,360,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Flywheel Financial Strategy Company Limited [Member]
Related Party Transaction [Line Items]
Amount advances from the related company	$ 743,261	$ 456,966