Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 232

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1A
Chunk 232
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 deferred IPO cost of $0.2 million, repayments of loan payables of $0.6 million, repayments to
former related parties on other payables of $0.3 million and payments of former related party loan of $0.2 million, offset by borrowings
from loan payable of $1.1 million and capital contributions from stockholders of $0.1 million.

Commitments and Contractual Obligations

The following table presents
our material contractual obligations as of March 31, 2025:

    Contractual Obligations 
    Total  
    Less than  1 year  
    1 – 2 years  
    3 – 5 years  
    Thereafter 
  
    Operating Lease Obligations and Others 
    $11,724,690  
     2,617,762  
     5,290,390  
     2,842,381  
     974,157 
  
    Loan Payable 
     7,356,936  
     5,291,893  
     160,004  
     20,515  
     1,884,524 
  
    UL Litigation 
     1,000,000  
     1,000,000  
     —  
     —  
     — 
  
    Total Contractual Obligations 
    $20,081,626  
     8,909,655  
     5,450,394  
     2,862,896  
     2,858,681 

Off-Balance Sheet Arrangements

We have not entered into
any transactions, agreements or other contractual arrangements that would result in off-balance sheet liabilities.

Quantitative and Qualitative Disclosures about
Market Risk

Foreign Exchange Risk

A substantial majority of
all of our revenues and expenses are denominated in U.S. dollars. We do not believe that we currently have any significant direct
foreign exchange risk and have not used any derivative financial instruments to hedge exposure to such risk. In addition, as our business
and operation expand in European and other overseas markets in the future, we may be exposed to increased foreign exchange risks for
other currencies.

Interest Rate Risk

Our exposure to interest
rate risk primarily relates to the interest expenses on our short-term and long-term bank borrowings. Our short-term and long-term bank
borrow