Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 63

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 63
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 and officers liability insurance after initial public offering in the nine months ended December 31, 2024. Software development fee increased to $0.4 million for the nine months ended December 31, 2024, compared to $0.1 million for the same period in prior year due to the increasing development fee of Fly E -Bikeapp and the increasing maintenance fee of Go Fly App. Income Tax Provisions Income taxes benefits were $0.5 million for the nine months ended December 31, 2024, a change from $0.7 million income tax provision for the nine months ended December 31, 2023. This change was due to our negative pre -taxincome for the nine months ended December 31, 2024. We recognized a deferred tax asset which can be used to reduce taxes in future periods when the Company is profitable. Net Income (Loss) Net loss was $2.0 million for the nine months ended December 31, 2024, a change of $3.2 million, or 266.1%, from net income of $1.2 million for the nine months ended December 31, 2023, which was mainly attributable to the reasons discussed above. EBITDA The following table sets forth the components of our EBITDA for the nine months ended December 31, 2024 and 2023:

|                                |     | For the Nine Months Ended December 31, |       2024 |    |     |   |      2023 |   |     |   |     Change |   |     |        | Percentage 
 Change     |
|:-------------------------------|:----|:---------------------------------------|-----------:|:---|:----|:--|----------:|:--|:----|:--|-----------:|:--|:----|-------:|:-----------|
| (Loss) Income from Operations  |     | $                                      | (2,006,843 | )  |     | $ | 1,207,888 |   |     | $ | (3,214,731 | ) |     | (266.1 | )%         |
| Income Tax (benefit) provision |     |                                        |   (521,654 | )  |     |   |   731,997 |   |     |   | (1,253,651 | ) |     | (171.3 | )%         |
| Depreciation                   |     |