Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 169

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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 cash used
in investing activities was $0.4 million for the three months ended June 30, 2025, which was due to purchase of properties and equipment
of $0.1 million, advance to a related party of $0.2 million, and cash released from disposal of entities of
$0.1 million.

42

Net cash used in investing activities was $1.1 million
for the three months ended June 30, 2024, which was due to prepayment made for purchase of software from a related party of
$0.8 million, prepayments for property rights of $0.1 million, and the purchase of equipment of $0.4 million, partially offset
by the repayment from a related party of $0.2 million. 

Financing Activities

Net
cash provided by financing activities was $7.1 million for the three months ended June 30, 2025, which consisted of net proceeds
from our follow-on public offering of $6.4 million, and loan proceeds of $1.9 million, partially offset by repayments of loans
of $0.6 million and payment of public offering costs of $0.5 million.

Net cash provided by financing activities was
$8.7 million for the three months ended June 30, 2024, which consisted of net proceeds of the IPO of $9.2 million,
and loan proceeds of $0.2 million, partially offset by repayments of loans of $0.4 million and payment of IPO costs of $0.3 million.

Commitments and Contractual Obligations

The following table presents our material contractual obligations
as of June 30, 2025:

    Contractual
    Obligations 
    Total  
    Less
    than  1 year  
    1
    – 2 years  
    3
    – 5 years  
    Thereafter 
  
    Operating
    Lease Obligations and Others 
    $9,323,939  
     2,106,614  
     4,424,584  
     2,037,060  
     755,681 
  
    Loan Payable 
     8,672,038  
     6,579,781  
     189,517  
     21,157  
     1,881,