Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 69

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 69
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3 million,
advance to related parties of $0.3 million, a prepayment for purchase of property of $0.5 million and the purchase of property rights
of $0.03 million, offset by repayment from related parties of $0.1 million.

Financing Activities

Net cash provided by financing activities was
$12.5 million for the year ended March 31, 2025, which consisted of net proceeds from the IPO of $9.2 million, and loan proceeds
of $7.4 million, partially offset by repayments of loans of $3.7 million and payment of IPO costs of $0.3 million.

Net cash used in financing activities was $0.05 million for the year
ended March 31, 2024, which consisted of deferred IPO cost of $0.2 million, repayments of loan payables of $0.6 million, repayments to
former related parties on other payables of $0.3 million and payments of former related party loan of $0.2 million, offset by borrowings
from loan payable of $1.1 million and capital contributions from stockholders of $0.1 million.

Commitments and Contractual Obligations

The following table presents
our material contractual obligations as of March 31, 2025:

    Contractual Obligations 
    Total  
    Less than  1 year  
    1 – 2 years  
    3 – 5 years  
    Thereafter 
  
    Operating Lease Obligations and Others 
    $11,724,690  
     2,617,762  
     5,290,390  
     2,842,381  
     974,157 
  
    Loan Payable 
     7,356,936  
     5,291,893  
     160,004  
     20,515  
     1,884,524 
  
    UL Litigation 
     1,000,000  
     1,000,000  
     —  
     —  
     — 
  
    Total Contractual Obligations 
    $20,081,626  
     8,909,655  
     5,450,394  
     2,862,896  
     2,858,681 

Off-Balance Sheet Arrang