Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 804

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 3
Chunk 804
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    (Gain) Loss on termination
    of operating lease 
     (111,564) 
     5,957 
  
    (Gain) Loss on disposal
    of subsidiaries 
     (84,302) 
     — 
  
    Credit loss for accounts
    receivable 
     116,746  
     — 
  
    Depreciation expense 
     631,280  
     272,708 
  
    Amortization expense 
     65,091  
     1,648 
  
    Deferred income taxes (benefits)
    expenses 
     (64,829) 
     176,093 
  
    Amortization of operating
    lease right-of-use assets 
     5,084,535  
     2,277,910 
  
    Inventories reserve 
     870,589  
     456,209 
  
    Changes in operating assets
    and liabilities: 

    Accounts receivable 
     (329,029) 
     176,273 
  
    Accounts receivable – related
    parties 
     248,349  
     (190,349)
  
    Inventories 
     (2,736,241) 
     (1,981,515)
  
    Prepayments and other receivables 
     (2,677,904) 
     194,160 
  
    Prepayments for operation
    services to related parties 
     (60,000) 
     (60,000)
  
    Security deposits 
     (84,605) 
     (422,240)
  
    Accounts payable 
     91,509  
     2,489,025 
  
    Accrued expenses and other
    payables 
     460,364  
     334,726 
  
    Operating lease liabilities 
     (4,771,518) 
     (1,933,760)
  
    Taxes
    payable 
     (1,525,371) 
     570,769 
  
    Net
    cash (used in) provided by operating activities 
     (10,059,466) 
     4,308,920 

    Cash flows from investing
    activities 

    Purchases of properties
    and equipment 
     (1,634,174) 
     (1,253