Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 2

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 on July 3, 2025. 

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

1

FLY-E GROUP, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND

COMPREHENSIVE LOSS

(Expressed in U.S. dollars, except for the
number of shares)

    For the Three Months Ended  June 30, 

    2025  
    2024 
  
    Revenues 
    $5,328,198  
    $7,873,426 
  
    Cost of Revenues 
     3,066,823  
     4,773,792 
  
    Gross Profit 
     2,261,375  
     3,099,634 

    Operating Expenses 

    Selling Expenses 
     1,321,217  
     1,612,495 
  
    General and Administrative Expenses 
     2,444,933  
     1,532,638 
  
    Total Operating Expenses 
     3,766,150  
     3,145,133 
  
    Loss from Operations 
     (1,504,775) 
     (45,499)

    Other Income (Expenses), net 
     (7,898) 
     6,518 
  
    Interest Expenses 
     (546,234) 
     (68,082)
  
    Loss Before Income Taxes 
     (2,058,907) 
     (107,063)
  
    Income Tax Benefit (Expense) 
     50,259  
     (72,445)
  
    Net Loss 
    $(2,008,648) 
    $(179,508)

    Other Comprehensive Income (Loss) 

    Foreign currency translation adjustment 
     22,354  
     (1,324)
  
    Total Comprehensive Loss 
    $(1,986,294) 
    $(180,832)

    Losses per Share* 
    $(0.30) 
    $(0.04)
  
    Weighted Average Number of Common Stock 

    – Basic and Diluted* 
     6,696,779  
     4,527,250 

  * Shares and per share data are presented on a retroactive basis to reflect the 1-for-110