Company: FLYE
Filing Date: 2025-02-19
Form Type: 10-Q
Source: 0001213900-25-015334
Chunk: 8

Company: Fly-E Group, Inc.
Filing Date: 2025-02-19
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 (892,580) 
     (350,000)
  
    Repayment from a related party 
     660,256  
     — 
  
    Advance to a related party 
     (486,057) 
     — 
  
    Payments of property rights 
     —  
     (109,532)
  
    Net cash used in investing activities 
     (2,836,671) 
     (963,304)

    Cash flows from financing activities 

    Advance to a related party 
     —  
     (111,500)
  
    Borrowing from loan payables 
     7,086,099  
     845,000 
  
    Repayments of loan payables 
     (3,632,031) 
     (362,583)
  
    Repayments on other payables - related parties 
     (92,229) 
     (200,249)
  
    Payments of related party loan 
     —  
     (150,000)
  
    Capital Contributions from Stockholders 
     —  
     136,370 
  
    Payments of IPO cost 
     (282,403) 
     (126,488)
  
    Net proceeds from issuance of common stock - IPO 
     9,154,500  
     — 
  
    Net cash provided by financing activities 
     12,233,936  
     30,550 
  
    Net changes in cash 
     (16,724) 
     811,233 
  
    Effect of exchange rate changes on cash 
     (19,542) 
     3,101 
  
    Cash at beginning of the period 
     1,403,514  
     358,894 
  
    Cash at the end of the period 
    $1,367,248  
    $1,173,228 

    Supplemental disclosure of cash flow information 

    Cash paid for interest expense 
    $227,679  
    $82,150 
  
    Cash paid for income taxes 
    $1,940,778  
    $435,881 

    Supplemental disclosure of non-cash investing and financing activities 

    Settlement of accounts payable by related parties 
    $—  
    $50,000 
  
    Settlement of accounts payable by capital contribution 
    $