Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 2686

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 16
Chunk 2686
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 in U.S. dollars, except for the
number of shares)

    For the
    Years Ended  March 31, 

    2025  
    2024 
  
    Cash flows from operating
    activities 

    Net (loss)
    income 
    $(5,291,159) 
    $1,895,222 
  
    Adjustments
    to reconcile net (loss) income   to net cash (used in) provided by operating activities: 

    Loss on disposal of property
    and equipment 
     108,593  
     46,084 
  
    (Gain) Loss on termination
    of operating lease 
     (111,564) 
     5,957 
  
    (Gain) Loss on disposal
    of subsidiaries 
     (84,302) 
     — 
  
    Credit loss for accounts
    receivable 
     116,746  
     — 
  
    Depreciation expense 
     631,280  
     272,708 
  
    Amortization expense 
     65,091  
     1,648 
  
    Deferred income taxes (benefits)
    expenses 
     (64,829) 
     176,093 
  
    Amortization of operating
    lease right-of-use assets 
     5,084,535  
     2,277,910 
  
    Inventories reserve 
     870,589  
     456,209 
  
    Changes in operating assets
    and liabilities: 

    Accounts receivable 
     (329,029) 
     176,273 
  
    Accounts receivable – related
    parties 
     248,349  
     (190,349)
  
    Inventories 
     (2,736,241) 
     (1,981,515)
  
    Prepayments and other receivables 
     (2,677,904) 
     194,160 
  
    Prepayments for operation
    services to related parties 
     (60,000) 
     (60,000)
  
    Security deposits 
     (84,605) 
     (422,240)
  
    Accounts payable 
     91,509  
     2,489,025 
  
    Accrued expenses and other
    payables