Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 95

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 95
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 of properties and equipment of $0.04 million, advance to a related
party of $0.2 million, and cash released from disposal of entities of $0.2 million.

Net cash used in investing activities was $2.8 million
for the six months ended September 30, 2024, which was due to purchases of properties and equipment of $1.6 million, purchase of GO FLY
App from a related party of $0.5 million, purchase of software from a related party of $0.8 million, the advance to a related party
of $0.5 million, and partially offset by the repayment from a related party of $0.5 million.

Financing Activities

Net cash provided by financing activities was
$9.8 million for the six months ended September 30, 2025, which consisted of net proceeds from our follow-on public offering and
private placement offering of $9.8 million, and loan proceeds of $1.9 million, partially offset by repayments of loans of $1.3
million and payment of public offering costs of $0.5 million.

52

Net cash provided by financing activities was
$12.1 million for the six months ended September 30, 2024, which consisted of net proceeds of the IPO of $9.2 million, and loan
proceeds of $3.7 million, partially offset by repayments of loans of $0.4 million and payment of IPO costs of $0.3 million. 

Commitments and Contractual Obligations

The following table presents our material contractual
obligations as of September 30, 2025:

    Contractual Obligations 
    Total  
    Less than  1 year  
    1 – 2 years  
    3 – 5 years  
    Thereafter 
  
    Operating Lease Obligations and Others 
    $7,538,167  
    $1,819,910  
    $4,050,575  
    $1,304,095  
    $363,587 
  
    Loan Payable 
     7,758,832  
     5,741,239  
     108,170  
     30,870  
     1,878,553 
  
    UL Litigation 
     200,000  
     200,000