Company: FLYE
Filing Date: 2025-07-15
Form Type: 10-K
Source: 0001213900-25-064293
Chunk: 2822

Company: Fly-E Group, Inc.
Filing Date: 2025-07-15
Form: 10-K
Item: Item 8
Chunk 2822
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 the warrants are required to be recorded as a component of additional paid-in capital at the time
of issuance and subsequent changes in fair value are not recognized as long as the warrants continue to be classified as equity.  

(y) Held for Sale

The Company classifies assets and liabilities
to be sold (disposal group) as held for sale in the period when all of the applicable criteria are met, including: (i) management commits
to a plan to sell, (ii) the disposal group is available to sell in its present condition, (iii) there is an active program to locate a
buyer, (iv) the disposal group is being actively marketed at a reasonable price in relation to its fair value, (v) significant changes
to the plan to sell are unlikely, and (vi) the sale of the disposal group is generally probable of being completed within one year. Management
performs an assessment at least quarterly or when events or changes in business circumstances indicate that a change in classification
may be necessary.

F-18

Assets and liabilities held for sale are presented
separately within the consolidated balance sheets with any adjustments necessary to measure the disposal group at the lower of its carrying
value or fair value less costs to sell. For each period the disposal group remains classified as held for sale, its recoverability is
reassessed, and any necessary adjustments are made to its carrying value.

The Company does not report the results of operations
of a business as discontinued operations as the disposal is not a strategic shift that will have a major effect on its operations and
financial results.

(z) Newly adopted accounting pronouncements

In November 2023, the FASB issued ASU
2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” This guidance requires a
public entity to disclose for each reportable segment, on an interim and annual basis, the significant expense categories and
amounts that are regularly provided to the chief operating decision-maker (“CODM”) and included in each reported measure
of a segment’s profit or loss. Additionally, it requires a public entity to disclose the title and position of the individual
or the name of the group or committee identified as the CODM. This guidance is effective for fiscal years beginning after December
15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted, and the guidance
should be applied retrospectively to all periods presented