Company: FLYE
Filing Date: 2025-06-02
Form Type: 424B4
Source: 0001213900-25-050035
Chunk: 143

Company: Fly-E Group, Inc.
Filing Date: 2025-06-02
Form: 424B4
Chunk 143
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 balance sheet date that are directly related to the initial public offering of the Company and that will be charged to additional paid in capital upon the completion of the offering. (n) Fair Value Measurements Fair value is defined as the price that would be received for an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. When determining the fair value measurements for assets and liabilities, the Company considers the principal or most advantageous market in which it would transact and consider assumptions that market participants would use when pricing the asset or liability. The following summarizes the three levels of inputs required to measure fair value, of which the first two are considered observable and the third is considered unobservable:

| Level-1 — |     | Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. |
| Level-2 — |     | Include other inputs that are directly or indirectly observable in the marketplace.                              |
| Level-3 — |     | Unobservable inputs which are supported by little or no market activity.                                         |

The fair value for certain assets and liabilities such as cash, accounts receivable, other receivables, prepayments and other current assets, short -termloans, accounts payable, contract liabilities, accrued expenses and other payables, and tax payables have been determined to approximate carrying amounts due to the short maturities of these instruments. The Company believes that its long -termloan to a third party approximates the fair value based on current yields for debt instruments with similar terms. The Company and its subsidiaries did not have any non -financialassets or liabilities that are measured at fair value on a recurring basis as of March 31, 2024 and 2023. (o) Revenue Recognition The Company follows the revenue accounting requirements of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers. The core principle underlying the revenue recognition of this ASC allows the Company to recognize revenue that represents the transfer of products and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of products and services transfers to a customer. To achieve that core principle, the Company applies a five -stepmodel to recognize revenue from customer contracts. The five -stepmodel