Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 2

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 2
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 presented on a retroactive basis to reflect the 1-for-5 reverse stock split completed on July 3, 2025 and the 1-for-20 reverse stock split completed on November 4, 2025. 

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

1

FLY-E GROUP, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND

COMPREHENSIVE LOSS

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

    For the Three Months Ended 
September 30,  
    For the Six Months Ended
 September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Revenues 
    $3,908,862  
    $6,824,406  
    $9,237,060  
    $14,697,832 
  
    Cost of Revenues 
     2,932,341  
     3,919,952  
     5,999,164  
     8,693,744 
  
    Gross Profit 
     976,521  
     2,904,454  
     3,237,896  
     6,004,088 

    Operating Expenses 

    Selling Expenses 
     1,027,726  
     2,041,435  
     2,348,943  
     3,653,930 
  
    General and Administrative Expenses 
     997,218  
     2,094,078  
     3,442,151  
     3,626,716 
  
    Total Operating Expenses 
     2,024,944  
     4,135,513  
     5,791,094  
     7,280,646 
  
    Loss from Operations 
     (1,048,423) 
     (1,231,059) 
     (2,553,198) 
     (1,276,558)

    Other Expenses, net 
     (148,153) 
     (53,929) 
     (156,051) 
     (47,411)
  
    Interest Expenses, net 
     (539,537)