Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 175

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 175
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 are less than the carrying value of the asset. If an impairment is identified, the Company will reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. As of December 31, 2024 and March 31, 2024, no impairment of long -livedassets was recognized. (m) Deferred IPO Costs The Company complies with the requirements of FASB ASC Topic 340 -10-S99-1, “Other Assets and Deferred Costs — SEC Materials” (“ASC 340 -10-S99”) and SEC Staff Accounting Bulletin Topic 5A, “Expenses of Offering”. Deferred IPO costs consist of underwriting, legal, accounting and other professional expenses incurred through the balance sheet date that are directly related to the initial public offering of the Company and that will be charged to additional paid in capital upon the completion of the offering. Total deferred offering cost of $502,198 was charged to additional paid -in -capitalupon IPO. (n) Fair Value Measurements Fair value is defined as the price that would be received for an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which it would transact and consider assumptions that market participants would use when pricing the asset or liability. The following summarizes the three levels of inputs required to measure fair value, of which the first two are considered observable and the third is considered unobservable:

| Level-1 — |     | Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. |
| Level-2 — |     | Include other inputs that are directly or indirectly observable in the marketplace.                              |
| Level-3 — |     | Unobservable inputs which are supported by little or no market activity.                                         |

The fair value for certain assets and liabilities such as cash, accounts receivable, other receivables, prepayments and other current assets, short -termloans, accounts payable, contract liabilities, accrued expenses and other payables, and tax payables have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its long -termloan to a third party approximates the fair value based on current yields for debt instruments with similar