Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 82

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 82
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1,027,726  
    $2,041,435  
    $(1,013,709) 
     (49.7)%
  
    General and Administrative Expenses 
     997,218  
     2,094,078  
     (1,096,860) 
     (52.4)%
  
    Total Operating Expenses 
    $2,024,944  
    $4,135,513  
    $(2,110,569) 
     (51.0)%
  
    Percentage of Revenue 
     51.8% 
     60.6% 

Total operating expenses were $2.0 million for
the three months ended September 30, 2025, a decrease of $2.1 million, or 51.0%, compared to $4.1 million for the three months
ended September 30, 2024. The increase in operating expenses was attributable to the increase in our depreciation expense, professional
fees, product and software development expenses, as more fully discussed below. 

Selling Expenses 

Selling expenses primarily consist of payroll
expenses, rent, and advertising expenses of retail stores. Total payroll expenses were $0.6 million for the three months ended September
30, 2025, compared to $0.9 million for the three months ended September 30, 2024. Rent was $0.3 million for the three months ended
September 30, 2025, compared to $0.8 million for the three months ended September 30, 2024. Advertising expenses were $15,457 for
the three months ended September 30, 2025, compared to $129,542 for the three months ended September 30, 2024 . The decrease in these expenses was primarily due to the closures and dispositions of retail stores during this quarter.

46

General and Administrative Expenses

General and administrative expenses decreased
during the three months ended September 30, 2025 compared to the same period of previous year. Professional fees decreased to $0.5 million
for the three months ended September 30, 2025, compared to $0.9 million for the three months ended September 30, 2024, primarily
attributable to the decrease in audit fee, consulting fee, legal fee and IR expenses associated with our public offering and ongoing reporting
obligations