Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 153

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 153
---
 to pay up to $ million to DFT.

6 - INTANGIBLE ASSETS, NET

Intangible assets as of March 31, 2024 and 2023 consisted of the following:

|                                |     | March 31, 
 2024      |        |   |     | March 31, 
 2023      |   |
|:-------------------------------|:----|:----------|-------:|:--|:----|:----------|:--|
| Property rights                |     | $         | 38,032 |   |     | $         | - |
| Total Intangible assets        |     |           | 38,032 |   |     |           | - |
| Less: Accumulated Amortization |     |           | (1,648 | ) |     |           | - |
| Intangible assets, net         |     | $         | 36,384 |   |     | $         | - |

For the years ended March 31, 2024 and 2023, the amortization expenses
were $ and nil, respectively.

F-21

7 - ACCRUED EXPENSES AND OTHER PAYABLES

|                                                |     |   | March 31, 
      2024 |     |   | March 31, 
      2023 |
|:-----------------------------------------------|:----|:--|----------:|:----|:--|----------:|
| Accrued payroll                                |     | $ |   121,120 |     | $ |    15,808 |
| Advances from customers                        |     |   |    25,099 |     |   |    36,396 |
| Advances from IGH Holding Inc                  |     |   |    49,000 |     |   |         - |
| Accrued warranty                               |     |   |    27,714 |     |   |    22,056 |
| Payroll tax and sales tax payable              |     |   |   245,226 |     |   |   155,689 |
| Accrued store expenses                         |     |   |    21,975 |     |   |   123,996 |
| Accrued IPO offering cost                      |     |   |   225,000 |     |   |    11,717 |
| Accrued freight in cost                        |     |   |   107,255