Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 36

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 36
---
 such buyers was $36,879, $19,959 and $39,289, respectively, (See Note - 14 — DISPOSAL OF SUBSIDIARIES).    On September 1, 2025, the Company entered into
share transfer agreements for the sale of 100% of its equity interests in subsidiaries –TKPGO CORP, FIYET INC and FLYCLB INC –
to third-party buyers for a total cash consideration of $1,707, $1 and $1, respectively, with no contingent payments or adjustments. As
of September 30, 2025, the remaining consideration due from such buyers was $1,709 (See Note - 14 — DISPOSAL OF SUBSIDIARIES).
  As of September 30, 2025 and March 31, 2025, the Company had other receivables of $158,645 and $29,074 from a third-party individual, respectively. 

20

5 — PROPERTY AND EQUIPMENT, NET

Property and equipment as of September 30, 2025
and March 31, 2025 consisted of the following:

    September 30,  2025  
    March 31,  2025 
  
    Furniture and Fixtures 
    $350,908  
    $400,080 
  
    Machinery and Equipment 
     204,675  
     230,015 
  
    Automobile 
     625,407  
     669,902 
  
    Leasehold improvements 
     357,752  
     683,595 
  
    Building 
     3,663,215  
     3,663,215 
  
    Computer hardware and software (i) 
     2,500,000  
     2,310,000 
  
    Properties for rental business (ii) 
     188,181  
     193,963 
  
    Property and Equipment 
     7,890,138  
     8,150,770 
  
    Less: Accumulated depreciation 
     (1,063,323) 
     (863,557)
  
    Property and Equipment, net 
    $6,826,815  
    $7,287,213 

For the three months ended September 30, 2025
and 2024, the depreciation expenses were $204,466