Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 536

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 1C
Chunk 536
---
—  
     —  
     —  
     (5,291,159) 
     (5,291,159)
  
    Issuance of common stock upon initial public offering, net 
     —  
     —  
     517,500  
     5,175  
     8,364,724  
     —  
     —  
     —  
     8,369,899 
  
    Foreign currency translation adjustment 
     —  
     —  
     —  
     —  
     —  
     —  
     (27,230) 
     —  
     (27,230)
  
    Balance at March
    31, 2025 
     —  
    $—  
     4,917,500  
    $49,175  
    $10,940,724  
    $(219,998) 
    $(41,059) 
    $(895,510) 
    $9,833,332 

  * Shares and per share data are presented on a retroactive basis to reflect
the 1-for-110,000 stock split completed on April 2, 2024 and the 1-for-5 reverse stock split completed on July 3, 2025. 

The accompanying notes are an integral part of
these consolidated financial statements. 

F-5

FLY-E GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed 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 
     (