Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 28

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 28
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 assets and expenses; |

| ● | plan for and manage capital expenditures for our current                                                                 
 and future offerings and manage our supply chain and supplier relationships related to our current and future offerings; |

| ● | anticipate and respond to macroeconomic changes and changes 
 in the markets in which we operate;                         |

| ● | maintain and enhance the value of our reputation and brand; |

| ● | effectively manage our growth and business operations; |

| ● | successfully expand our geographic reach; |

| ● | hire, integrate and retain talented people at all levels 
 of our organization; and                                 |

| ● | successfully develop new features, offerings and services 
 to enhance the experience of customers.                   |

If our assumptions regarding these risks and uncertainties, which we use to plan and operate our business, are incorrect or change, or if we do not address these risks successfully, our results of operations could differ materially from our expectations and our business, prospects, financial condition and operating results could be adversely affected. 16 There is substantial doubt about our ability to continue as a going concern. We believe there is substantial doubt about our ability to continue as a going concern as of the date of this prospectus. The going concern may be included in our future reports and could materially limit our ability to raise additional funds through the issuance of new debt or equity securities or otherwise. As of December 31, 2024, we had cash of $1.4 million. We had working capital of $3.0 million and $0.3 million as of December 31, 2024 and March 31, 2024, respectively. We had net loss of $2.0 million and net income of $1.2 million for the nine months ended December 31, 2024 and 2023, respectively. During the nine months ended December 31, 2024, net cash used in operating activities of the Company was approximately $9.4 million. As of December 31, 2024, we had a current portion of contractual obligation of approximately $8.2 million. We plan to alleviate the going concern risk through (i) equity financing to support the Company’s working capital; (ii) other available sources of financing (including debt) from banks and other financial institutions; and (iii) financial support from the Company’s related parties. There is no assurance that we will be successful in implementing the foregoing plans or that additional financing will be available to us on commercially reasonable terms, or at all. Our inability to