Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 1211

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 6
Chunk 1211
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.    ● A New York corporation ● Incorporated on August 30, 2023 ● A retail store   100% owned by Fly E-Bike, Inc.             FLYNJ4 INC.    ● A New York corporation ● Incorporated on October 4, 2023 ● A retail store   100% owned by Fly E-Bike, Inc.             FLYTORONTO Corp.    ● A Toronto corporation ● Incorporated on October 18, 2023 ● A retail store   100% owned by Fly E-Bike, Inc.             FLYLA INC.    ● A California corporation ● Incorporated on December 1, 2023 ● A retail and rental store   100% owned by Fly E-Bike, Inc.             FWMOTOR INC.    ● A New York corporation ● Incorporated on April 3, 2024 ● A retail store   100% owned by Fly E-Bike, Inc.             DCMOTOR INC.    ● A Maryland corporation ● Incorporated on April 9, 2024 ● A retail store   100% owned by Fly E-Bike, Inc.             AOFL LLC    ● A New York corporation ● Incorporated on June 25, 2024 ● A holding company   100% owned by Fly E-Bike, Inc.             GOBIKE INC    ● A New York corporation ● Incorporated on July 16, 2024 ● A rental store   100% owned by Fly E-Bike, Inc.             FLYEBIKE BOSTON INC.    ● A Massachusetts corporation ● Incorporated on September 1, 2024 ● A retail store   100% owned by Fly E-Bike, Inc.               FLYNJ1 INC    ● A Massachusetts corporation ● Incorporated on January 29, 2025 ● A retail store   100% owned by Fly E-Bike, Inc.   

F-10

Liquidity and Going Concern

In assessing the Company’s liquidity, the
Company monitors and analyzes its cash on-hand and its operating and capital expenditure commitments. The Company’s liquidity needs
are to meet its working capital requirements, operating expenses and capital expenditure obligations. Debt financing from financial institutions
and equity financings have been utilized to finance the working capital requirements of the Company.

On June 7