v3.25.2
Subsequent Events
3 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

15 — SUBSEQUENT EVENTS   

 

On July 1, 2025, the Company sold three subsidiaries: OFLYO INC, FLYCYCLE INC, and FLYBX2381 INC to third-party individuals. The consideration determined was $235,939. As of August 19, 2025, the Company did not receive any consideration from the third-party individuals.

 

From July 1, 2025 to July 28, 2025, certain holders of the Company’s outstanding warrants exercised their rights to acquire common stock. The exercises were completed on a cashless basis pursuant to the terms of the warrant agreements, resulting in the issuance of 8,219,634 shares of common stock. The exercises did not generate any cash proceeds to the Company. All share numbers for warrant exercises prior to the reverse stock split have been retroactively adjusted to reflect the 1-for-5 reverse stock split. As of August 19, 2025, 11,438,218 warrants were exercised.

 

On August 1, 2025, the Company sold three subsidiaries: FLAM, FLYTRON, and MEEBIKE to third-party individuals. The consideration determined was $96,327. As of August 19, 2025, the Company did not receive any consideration from the third-party individuals.