Company: FLYE
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001213900-25-039419
Chunk: 70

Company: Fly-E Group, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 70
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 expenses on our outstanding loans amounted to $247,550 and $82,150, respectively. See Note 8 to the Unaudited Condensed Consolidated Financial Statements included within this prospectus for further information on details of our outstanding loans. The following table summarizes our cash flow data for the nine months ended December 31, 2024 and 2023:

|                                                     |     | For the Nine Months Ended 
 December 31,              |       2024 |   |     |   |      2023 |   |
|:----------------------------------------------------|:----|:--------------------------|-----------:|:--|:----|:--|----------:|:--|
| Net Cash (Used in) Provided by Operating Activities |     | $                         | (9,413,989 | ) |     | $ | 1,743,987 |   |
| Net Cash Used in Investing Activities               |     |                           | (2,836,671 | ) |     |   |  (963,304 | ) |
| Net Cash Provided by Financing Activities           |     |                           | 12,233,936 |   |     |   |    30,550 |   |
| Net Change in Cash                                  |     | $                         |    (16,724 | ) |     | $ |   811,233 |   |

44 Operating Activities Net cash used in operating activities for the nine months ended December 31, 2024 was $9.4 million, which was due to net loss of $2.0 million, a decrease in tax payable of $1.5 million, and a decrease in accrued expenses and other payables of $0.5 million, an increase in inventories of $4.0 million, a decrease in account payable of $0.1 million, a decrease in operating lease liabilities of $2.3 million, and an increase in prepayments and other receivables of $1.8 million, partially offset by amortization of right-of-use assets of $2.4 million and a decrease in accounts receivables-related parties of $0.2 million. Net cash provided by operating activities for the nine months ended December 31, 2023 was $1.7 million, which was mainly comprised of net income of $1.2 million, an increase in accounts payable of $2.3 million, a noncash item of amortization of right-of-use assets of $1.7 million, offset by an increase in invent