Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 0

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements

FLY-E GROUP, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS 

(Expressed in U.S. dollars, except for the
number of shares)

    June 30,  2025  
    March 31,  2025 
  
    ASSETS 

    Current Assets 

    Cash 
    $2,334,288  
    $840,102 
  
    Accounts receivable, net 
     1,071,622  
     466,187 
  
    Accounts receivable, net – a related party 
     37,465  
     37,465 
  
    Inventories, net 
     5,943,790  
     6,397,274 
  
    Prepayments and other receivables 
     6,250,792  
     3,676,986 
  
    Prepayments and other receivables – related parties 
     222,288  
     120,000 
  
    Assets held for sale 
     897,293  
     2,462,502 
  
    Total Current Assets 
     16,757,538  
     14,000,516 
  
    Property and equipment, net 
     7,126,245  
     7,287,213 
  
    Security deposits 
     638,115  
     728,450 
  
    Deferred tax assets, net 
     153,087  
     94,983 
  
    Operating lease right-of-use assets 
     8,584,684  
     10,933,068 
  
    Intangible assets, net 
     498,550  
     525,865 
  
    Long-term prepayment for software development – a related party 
     —  
     136,580 
  
    Total Assets 
    $33,758,219  
    $33,706,675 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Current Liabilities 

    Accounts payable 
    $419,128  
    $1,272,305 
  
    Short-term loan payables 
     6,317,712  
     5,191,058 
  
    Current portion of long-term loan payables 
     262,069