Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 9

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 9
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     (282,403)
  
    Net proceeds from issuance of common stock 
     9,773,000  
     9,154,500 
  
    Net cash provided by financing activities 
     9,803,019  
     12,126,060 
  
    Net changes in cash including cash classified within current assets held for sale 
     1,643,450  
     (131,553)
  
    Effect of exchange rate changes on cash 
     (7,024) 
     2,974 
  
    Less: net increase in cash classified within current assets held for sale 
     61,548  
     — 
  
    Cash at beginning of the period 
     840,102  
     1,403,514 
  
    Cash at the end of the period 
    $2,538,076  
    $1,274,935 

    Supplemental disclosure of cash flow information 

    Cash paid for interest expense 
    $1,085,771  
    $91,877 
  
    Cash paid for income taxes 
    $42,640  
    $1,940,595 

    Supplemental disclosure of non-cash investing and financing activities 

    Subscription receivables from share placement 
    $7,596,558  
    $— 
  
    Purchase of vehicle funded by loan 
    $—  
    $219,668 
  
    Purchase of office funded by loan 
    $—  
    $1,800,000 
  
    Purchase of software by using previous prepayments 
    $136,580  
    $1,975,000 
  
    Properties used for rental services 
    $49,811  
    $— 
  
    Deferred IPO cost recognized as additional paid-in capital 
    $—  
    $502,198 
  
    Uncollected proceeds from disposal of subsidiaries 
    $860,754  
    $— 
  
    Termination of operating lease right-of-use assets and operating lease liabilities 
    $3,187,864  
    $(280,087)
  
    Right-of-use assets obtained in exchange for operating lease liabilities 
    $—  
    $1,394,682 

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

5

FLY-E GROUP, INC.

Notes to Unaud