Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 50

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1
Chunk 50
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 are located in 136-40 39th Avenue, Suite 202, Flushing, NY 11354, encumbered by debt. In addition, we
lease a warehouse in Maspeth, New York, where we assemble all of our vehicles. The warehouse, which is approximately 52,264 square feet,
is under one lease that is due to expire on April 30, 2029, at a current annual rent of approximately $1.2 million.  

We believe our facilities
are sufficient to meet our needs in the near term, as we expand our operations, we may require additional space in which to assemble
our vehicles and we do not have any commitments for such space. All of our retail stores are leased. For the year ended March 31, 2025
and 2024, we paid an aggregate of $2.9 million and $2.4 million, respectively, for the spaces used for retail stores.

Item 3. Legal Proceedings

We may be subject to legal
proceedings, investigations and claims incidental to the conduct of our business from time to time. As a provider of consumer products,
we are, from time to time, subject to civil litigation regarding those products and intellectual property rights of third parties, including
in publicly-available court filings. We are not currently a party to, nor are we aware of, any legal proceedings, investigations or claims
which, in the opinion of our management, are likely to have a material adverse effect on our business, financial condition or results
of operations.

Item 4. Mine Safety Disclosures

Not applicable.

32

Part II

Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information

Our common stock commenced
trading on the Nasdaq Capital Market on June 6, 2024 under the symbol “FLYE”.

Stockholders

As of July 15, 2025, we
had 26 stockholders of record.

Transfer Agent

VStock Transfer, LLC, 18
Lafayette Place, Woodmere, New York 11598, is the transfer agent for our common stock.

Dividends

We have never declared or
paid any cash or other dividends or distributions on our capital stock. We currently intend to retain earnings, if any, to finance the
growth and development of our business. We do not expect to pay any cash dividends on our common stock in the foreseeable