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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Mar. 31, 2024
Mar. 31, 2023
Current Assets      
Cash $ 1,367,248 $ 1,403,514 $ 358,894
Accounts receivable 305,157 212,804 389,077
Inventories, net 8,605,628 5,364,060 3,838,754
Prepayments and other receivables 2,306,692 588,660 782,819
Total Current Assets 12,844,667 8,136,208 5,506,109
Property and equipment, net 7,232,689 1,755,022 785,285
Security deposits 851,994 781,581 424,942
Deferred IPO costs 502,198 75,819
Deferred tax assets, net 895,206 35,199 211,100
Operating lease right-of-use assets 14,318,422 16,000,742 10,261,556
Intangible assets, net 560,125 36,384
Long-term prepayment for property 450,000
Long-term prepayment for software development- related parties   1,279,000  
Total Assets 37,239,683 28,976,334 17,264,811
Current Liabilities      
Accounts payable 1,277,716 1,180,796 1,005,401
Short-term loan payables 4,909,982  
Current portion of long-term loan payables 99,079 1,213,242 412,224
Accrued expenses and other payables 432,469 925,389 365,662
Operating lease liabilities - current 3,151,171 2,852,744 1,836,737
Taxes payable 1,530,416 959,456
Total Current Liabilities 9,870,417 7,794,816 4,911,961
Long-term loan payables 2,090,734 412,817 723,228
Operating lease liabilities - non-current 12,153,196 13,986,879 8,979,193
Total Liabilities 24,114,347 22,194,512 14,764,382
Commitment and Contingencies
Stockholders’ Equity      
Preferred stock value [1] [1],[2] [2]
Common stock value 245,875 [1] 220,000 [1],[2] 220,000 [2]
Additional Paid-in Capital 10,744,024 2,400,000
Shares Subscription Receivable (219,998) (219,998) (219,998)
Retained Earnings 2,388,806 4,395,649 2,500,427
Accumulated other comprehensive loss (33,371) (13,829)
Total FLY-E Group, Inc. Stockholders’ Equity 13,125,336 6,781,822 2,500,429
Total Liabilities and Stockholders’ Equity 37,239,683 28,976,334 17,264,811
Related Parties      
Current Assets      
Accounts receivable - related parties 88,885 326,914 136,565
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 92,229 332,481
Long-term loan payables - related parties   $ 150,000
[1] Shares and per share data are presented on a retroactive basis to reflect the stock split completed on April 2, 2024.
[2] Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance on December 21, 2022 and to give effect to the stock split completed on April 2, 2024.