Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 217

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 217
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0.4 million and payment of IPO costs of $0.3 million.

Commitments and Contractual Obligations

The following table presents our material contractual obligations
as of June 30, 2025:

    Contractual
    Obligations 
    Total  
    Less
    than  1 year  
    1
    – 2 years  
    3
    – 5 years  
    Thereafter 
  
    Operating
    Lease Obligations and Others 
    $9,323,939  
     2,106,614  
     4,424,584  
     2,037,060  
     755,681 
  
    Loan Payable 
     8,672,038  
     6,579,781  
     189,517  
     21,157  
     1,881,583 
  
    UL
    Litigation 
     650,000  
     650,000  
     —  
     —  
     — 
  
    Total
    Contractual Obligations 
    $18,645,977  
     9,336,395  
     4,614,101  
     2,058,217  
     2,637,264 

Off-Balance Sheet Arrangements

We have not entered into any transactions, agreements or other contractual
arrangements that would result in off-balance sheet liabilities.

Quantitative and Qualitative Disclosures about Market Risk

Foreign Exchange Risk

A substantial majority of all of our revenues and expenses are denominated
in U.S. dollars. We do not believe that we currently have any significant direct foreign exchange risk and have not used any derivative
financial instruments to hedge exposure to such risk. In addition, as our business and operation expand in European and other overseas
markets in the future, we may be exposed to increased foreign exchange risks for other currencies.

Interest Rate Risk

Our exposure to interest rate risk primarily relates to the interest
expenses on our short-term and long-term bank borrowings. Our short-term and long-term bank borrowings bear interests at fixed rates.
We have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in market interest rates. However,
our future interest expenses may exceed expectations due to changes in market interest rates. If we were to renew these short