Company: FLYE
Filing Date: 2025-04-22
Form Type: S-1
Source: 0001213900-25-034233
Chunk: 30

Company: Fly-E Group, Inc.
Filing Date: 2025-04-22
Form: S-1
Chunk 30
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 |           |   (219,998 | ) |
| Retained earnings                                                                                                                                                      |     |                       |  2,388,806 |   |     |           |  2,388,806 |   |
| Accumulated other comprehensive loss                                                                                                                                   |     |                       |    (33,371 | ) |     |           |    (33,371 | ) |
| Total stockholders’ equity                                                                                                                                             |     |                       | 13,125,336 |   |     |           | 20,156,711 |   |
| Total capitalization                                                                                                                                                   |     | $                     | 20,225,131 |   |     |           | 27,256,506 |   |

<div align='center'>15</div>

Each $0.10 increase (decrease)
in the assumed offering price of $0.22 per share would increase (decrease) each of cash and cash equivalents, additional paid-in capital
and total stockholders’ equity by approximately $3.3 million, assuming the maximum number of securities offered, as set forth on
the cover page of this prospectus, remains the same, and after deducting the Placement Agent’s discounts and commissions and other
offering expenses. Similarly, each increase (decrease) of 10.0 million shares in the number of Common Stock and accompanying Warrants
offered would increase (decrease) cash and cash equivalents, additional paid-in capital and total stockholders’ equity by approximately
$2.0 million, assuming the assumed offering price remains the same, and after deducting the Placement Agent’s discounts and commissions
and other offering expenses. The as adjusted information discussed above is illustrative only and will be adjusted based on the actual
offering price and other terms of this offering determined at pricing.

The above discussion is based
on 24,587,500 shares of our Common Stock outstanding as of December 31, 2024 and excludes, as of that date, the following:

| ● | 129,375 shares of Common Stock issuable upon the exercise of the IPO Representative’s Warrants; |
| ● | shares of Common Stock underlying the Warrants to be issued in connection                       
 with this offering; and                                                                         |
| ● | 3,700,000  shares of Common Stock reserved for future grants of                                 
 equity-based awards under our equity incentive plan.                                            |

<div align='center'>Dilution</div>

If you purchase our securities in this offering, your interest