239 results
10-K
2024 FY
FLYE
Fly-E Group Inc.
27 Jun 24
Annual report
6:59pm
The following table sets forth the components of our total operating expenses for the years ended March 31, 2024 and 2023:
For the Year Ended March 31, | ||||||||||||||||
2024 | 2023 | Change | Percentage Change | |||||||||||||
Selling Expenses | $ | 5,914,786 | 3,667,227 | 2,247,559 | 61.3 | % | ||||||||||
General and Administrative Expenses | 3,931,203 | 2,309,927 | 1,621,276 | 70.2 | % | |||||||||||
Total Operating Expenses | $ | 9,845,989 | 5,977,154 | 3,868,835 | 64.7 | % | ||||||||||
Percentage of Revenue | 30.6 | % | 27.4 | % |
10-K
2024 FY
FLYE
Fly-E Group Inc.
27 Jun 24
Annual report
6:59pm
(Expressed in U.S. dollars, except for the number of shares)
Preferred Stock | Common Stock | Additional Paid-in | Shares Subscription | Accumulated Other | Retained | Total Stockholders’ | ||||||||||||||||||||||||||||||
Shares* | Amount | Shares* | Amount | Capital | Receivables | Comprehensive | Earnings | Equity | ||||||||||||||||||||||||||||
Balance at March 31, 2022 | — | $ | — | 22,000,000 | $ | 220,000 | $ | — | $ | (219,998) | $ | — | $ | 1,121,856 | $ | 1,121,858 | ||||||||||||||||||||
Net Income | — | — | — | — | — | — | — | 1,378,571 | 1,378,571 | |||||||||||||||||||||||||||
Balance at March 31, 2023 | — | $ | — | 22,000,000 | $ | 220,000 | — | (219,998) | $ | — | $ | 2,500,427 | $ | 2,500,429 | ||||||||||||||||||||||
Net Income | — | — | — | — | — | — | — | 1,895,222 | 1,895,222 | |||||||||||||||||||||||||||
Capital contributions | — | — | — | — | 2,400,000 | — | — | — | 2,400,000 | |||||||||||||||||||||||||||
Foreign currency translation adjustment | — | — | — | — | — | — | (13,829) | — | (13,829) | |||||||||||||||||||||||||||
Balance at March 31, 2024 | — | $ | — | 22,000,000 | $ | 220,000 | $ | 2,400,000 | $ | (219,998) | $ | (13,829) | $ | 4,395,649 | $ | 6,781,822 |
10-K
2024 FY
FLYE
Fly-E Group Inc.
27 Jun 24
Annual report
6:59pm
Significant components of the provision for income taxes are as follows:
For the Year Ended March 31, | ||||||||
2024 | 2023 | |||||||
Current | ||||||||
Federal | $ | 474,445 | $ | 210,924 | ||||
State | 297,885 | 107,325 | ||||||
City | 234,510 | 54,847 | ||||||
Deferred | ||||||||
Federal | 158,300 | 236,200 | ||||||
State | 36,300 | 115,700 | ||||||
City | 21,500 | 96,900 | ||||||
Total | $ | 1,222,940 | $ | 821,896 |
10-K
2024 FY
FLYE
Fly-E Group Inc.
27 Jun 24
Annual report
6:59pm
Long-term prepayment for software development – related parties, net
Name of Related Party | Relationship | Nature | March 31, 2024 | March 31, 2023 | ||||||||
DF Technology US Inc | Ruifeng Guo (CFO), owns over 50% equity interest of this entity | Long-term prepayment for software development | $ | 1,279,000 | $ | — | ||||||
Long-term prepayment for software development — related parties, net | $ | 1,279,000 | $ | — |
10-K
2024 FY
FLYE
Fly-E Group Inc.
27 Jun 24
Annual report
6:59pm
Other payables — related parties
Name of Related Party | Relationship | Nature | March 31, 2024(i) | March 31, 2023(i) | ||||||||
Zhou Ou | Chairman, CEO of the Company | Other payable | $ | 92,229 | $ | 332,481 | ||||||
Other Payables-related parties | $ | 92,229 | $ | 332,481 |
10-K
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