Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 66

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 66
---
 prepayments to vendors to secure inventory for the upcoming quarter. Our inventories primarily include our EVs, their accessories and spare parts. As of December 31, 2024 and March 31, 2024, our inventories, net of allowance, were $10.0 million and $5.4 million, respectively. The increase in inventories was primarily due to our preparation for the new rental business. Our inventory turnover days increased to 183 days in the nine months ended December 31, 2024, from 125 days in the year ended March 31, 2024, which was primarily due to strategic inventory buildup, allowing us to start new services. For the year ended March 31, 2024 and 2023, the interest expenses on our outstanding loans amounted to $152,050 and $100,387, respectively. See Note 8 to the Consolidated Financial Statements included within this prospectus for further information on details of our outstanding loans. 42

The following table summarizes our cash flow data for the years ended March 31, 2024 and 2023:

|                                           |     | For the Year Ended March 31, |       2024 |   |     |   |       2023 |   |
|:------------------------------------------|:----|:-----------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Net Cash Provided by Operating Activities |     | $                            |  4,308,920 |   |     | $ |  1,757,139 |   |
| Net Cash Used in Investing Activities     |     |                              | (3,200,843 | ) |     |   |   (442,915 | ) |
| Net Cash Used in Financing Activities     |     |                              |    (49,628 | ) |     |   | (1,350,364 | ) |
| Net Change in Cash                        |     | $                            |  1,058,449 |   |     | $ |    (36,140 | ) |

Operating Activities Net cash provided by operating activities for the year ended March 31, 2024 was $4.3 million, which was mainly comprised of net income of $1.9 million, amortization of right -of -useassets of $2.3 million and inventories reserve of $0.5 million, an increase in account payable of $2.5 million, an increase in tax payable