Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 0

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 0
---
Item 1. Financial Statements

FLY-E GROUP, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS 

(Expressed in U.S. dollars, except for the
number of shares)

    September 30,  2025  
    March 31,  2025 
  
    ASSETS 

    Current Assets 

    Cash 
    $2,538,076  
    $840,102 
  
    Accounts receivable, net 
     1,474,637  
     466,187 
  
    Accounts receivable, net – a related party 
     32,030  
     37,465 
  
    Inventories, net 
     6,548,287  
     6,397,274 
  
    Prepayments and other receivables 
     5,923,496  
     3,676,986 
  
    Prepayments and other receivables – related parties 
     236,826  
     120,000 
  
    Assets held for sale 
     —  
     2,462,502 
  
    Total Current Assets 
     16,753,352  
     14,000,516 
  
    Property and equipment, net 
     6,826,815  
     7,287,213 
  
    Security deposits 
     518,908  
     728,450 
  
    Deferred tax assets, net 
     152,212  
     94,983 
  
    Operating lease right-of-use assets 
     6,891,886  
     10,933,068 
  
    Intangible assets, net 
     486,581  
     525,865 
  
    Long-term prepayment for software development – a related party 
     —  
     136,580 
  
    Total Assets 
    $31,629,754  
    $33,706,675 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current Liabilities 

    Accounts payable 
    $550,249  
    $1,272,305 
  
    Short-term loan payables 
     5,532,230  
     5,191,058 
  
    Current portion of long-term loan payables 
     222,479