Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 33

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 June 30,  2025  
    March 31,  2025 
  
    Property rights 
    $92,604  
    $92,604 
  
    GO FLY App 
     500,000  
     500,000 
  
    Total Intangible assets 
     592,604  
     592,604 
  
    Less: Accumulated Amortization 
     (94,054) 
     (66,739)
  
    Intangible assets, net 
    $498,550  
    $525,865 

For the three months ended June 30, 2025 and 2024, the amortization expenses were $27,315
and $951, respectively.

7 — ACCRUED EXPENSES AND OTHER PAYABLES

    June 30,  2025  
    March 31,  2025 
  
    Accrued payroll 
    $59,955  
    $62,068 
  
    Advances from customers 
     32,069  
     28,144 
  
    Advances from IGH Holding Inc 
     49,000  
     49,000 
  
    Accrued warranty 
     8,158  
     20,131 
  
    Payroll tax and sales tax payable 
     131,783  
     113,601 
  
    Accrued store expenses 
     39,782  
     58,044 
  
    Accrued freight in cost 
     —  
     35,980 
  
    Accrued UL penalty(i) 
     650,000  
     1,000,000 
  
    Accrued Interest 
     6,373  
     — 
  
    Accrued Expenses and Other Payables 
    $977,120  
    $1,366,968 

  (i) See Note 12 — Commitments and contingencies  

20

8 — LOAN PAYABLES

A summary of the Company’s loans is listed as follows:

  Lender  Due Date  June 30,  2025   March 31,  2025   Chase Bank(i)    January 12, 2028   —    301   Leaf Capital Funding, LLC(ii)  September 30, 2027