Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 194

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 194
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|-----:|:----|-------------:|
| Issued                              |     |   129,375 |     | $              | 4.00 |     |          4.5 |
| Exercised                           |     |         — |     |                |    — |     |            — |
| Forfeited or expired                |     |         — |     |                |    — |     |            — |
| Outstanding as of December 31, 2024 |     |   129,375 |     | $              | 4.00 |     |          4.4 |

As of December 31, 2024 and March 31, 2024, the subscription receivable represents the unpaid capital contribution of $219,998 by the stockholders. During the nine months ended December 31, 2023, Mr. Ou paid certain vendors of the Company to settle certain accounts payable balance on behalf the Company. On June 30, 2023, the Company transferred $2.26 million, a portion of the accounts payable balance, along with a cash contribution of $0.14 million from Mr. Zhou Ou as capital contribution (see Note 13). As of June 30, 2023, a total of $2.4 million were transferred and recorded as capital contribution (see Note 13).

F-56

FLY-E GROUP, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 10 — INCOME TAX (a) Income Tax Expense Income tax benefit for the nine months ended December 31, 2024 was $0.5 million, and income tax expense for the nine months ended December 31, 2023 amounted to $0.7 million. Significant components of the provision for income taxes are as follows:

| Current  |     | For the Nine Months Ended 
 December 31,              
 2024                      |          |   |     | 2023 |         |   |
|:---------|:----|:--------------------------|---------:|:--|:----|:-----|--------:|:--|
| Federal  |     | $                         |  101,808 |   |     | $    | 183,590 |   |
| State    |     |                           |  120,932 |   |     |      | 182,860 |   |
| City     |     |                           |  119,766 |