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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Mar. 31, 2024
Current Assets    
Cash $ 1,367,248 $ 1,403,514
Accounts receivable 305,157 212,804
Inventories, net 8,605,628 5,364,060
Prepayments and other receivables 2,306,692 588,660
Total Current Assets 12,844,667 8,136,208
Property and equipment, net 7,232,689 1,755,022
Security deposits 851,994 781,581
Deferred IPO costs 502,198
Deferred tax assets, net 895,206 35,199
Operating lease right-of-use assets 14,318,422 16,000,742
Intangible assets, net 560,125 36,384
Long-term prepayment for property 450,000
Total Assets 37,239,683 28,976,334
Current Liabilities    
Accounts payable 1,277,716 1,180,796
Short-term loan payables 4,909,982
Current portion of long-term loan payables 99,079 1,213,242
Accrued expenses and other payables 432,469 925,389
Operating lease liabilities – current 3,151,171 2,852,744
Taxes payable 1,530,416
Total Current Liabilities 9,870,417 7,794,816
Long-term loan payables 2,090,734 412,817
Operating lease liabilities – non-current 12,153,196 13,986,879
Total Liabilities 24,114,347 22,194,512
Commitment and Contingencies
Stockholders’ Equity    
Preferred stock, $0.01 par value, 4,400,000 shares authorized and nil outstanding as of December 31, 2024 and March 31, 2024 [1]
Common stock, $0.01 par value, 44,000,000 shares authorized and 24,587,500 shares outstanding as of December 31, 2024 and 22,000,000 shares outstanding as of March 31, 2024 [1] 245,875 220,000
Additional Paid-in Capital 10,744,024 2,400,000
Shares Subscription Receivable (219,998) (219,998)
Retained Earnings 2,388,806 4,395,649
Accumulated other comprehensive loss (33,371) (13,829)
Total FLY-E Group, Inc. Stockholders’ Equity 13,125,336 6,781,822
Total Liabilities and Stockholders’ Equity 37,239,683 28,976,334
Related Parties    
Current Assets    
Accounts receivable – related parties 88,885 326,914
Prepayments and other receivables – related parties 171,057 240,256
Long-term prepayment for software development– related parties 536,580 1,279,000
Current Liabilities    
Other payables – related parties $ 92,229
[1] Shares and per share data are presented on a retroactive basis to reflect the stock split completed on April 2, 2024.