Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 166

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 166
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3,101 |
| Balance at December 31, 2023            |     | —               |     | $      | — |     |   22,000,000 |     | $      | 220,000 |     | $            | (219,998 | ) |     | $          | 2,400,000 |     | $             | 3,101 |     | $        | 3,708,315 |     | $             | 6,111,418 |

____________ *Shares and per share data are presented on a retroactive basis to reflect the stock split completed on April 2, 2024. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-34

FLY-E GROUP, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in U.S. dollars, except for the number of shares)

| Cash flows from operating activities                                                               |     | For the Nine Months Ended 
 December 31,              
 2024                      |            |   |     | 2023 |            |   |
|:---------------------------------------------------------------------------------------------------|:----|:--------------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net (loss) income                                                                                  |     | $                         | (2,006,843 | ) |     | $    |  1,207,888 |   |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |     |                           |            |   |     |      |            |   |
| Depreciation expense                                                                               |     |                           |    310,910 |   |     |      |    203,788 |   |
| Amortization expense                                                                               |     |                           |     30,831 |   |     |      |        782 |   |
| Deferred income taxes (benefits) expenses                                                          |     |                           |   (860,007 | ) |     |      |    225,506 |   |
| Amortization of operating lease right-of-use assets                                                |     |                           |  2,404,092 |   |     |      |  1,798,832 |   |
| Inventories reserve                                                                                |     |                           |    678,157 |   |     |      |    287,946 |   |
| Changes in