v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current Assets    
Cash $ 265,236 $ 840,102
Accounts receivable, net 7,049,592 466,187
Accounts receivable, net – a related party 32,030 37,465
Inventories, net 2,334,484 6,397,274
Prepayments and other receivables 6,967,596 3,676,986
Prepayments and other receivables – related parties 161,560 120,000
Assets held for sale 2,462,502
Total Current Assets 16,810,498 14,000,516
Property and equipment, net 5,792,915 7,287,213
Security deposits 369,249 728,450
Deferred tax assets, net 94,983
Operating lease right-of-use assets 4,289,237 10,933,068
Intangible assets, net 431,193 525,865
Long-term prepayment for software development 1,800,000
Long-term prepayment for software development – a related party 136,580
Total Assets 29,493,092 33,706,675
Current Liabilities    
Accounts payable 433,188 1,272,305
Short-term loan payables 3,936,058 5,191,058
Current portion of long-term loan payables 93,980 100,835
Accrued expenses and other payables 680,200 1,366,968
Accrued expenses and other payables – a related party 225
Operating lease liabilities – current 1,507,340 2,617,762
Taxes payable 151,930
Liabilities held for sale 2,152,447
Total Current Liabilities 6,802,921 12,701,375
Long-term loan payables 1,945,442 2,065,040
Operating lease liabilities – non-current 3,302,325 9,106,928
Total Liabilities 12,050,688 23,873,343
Commitment and Contingencies
Stockholders’ Equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized and nil outstanding as of March 31, 2026 and 2025 [1]
Common stock, $0.01 par value, 300,000,000 shares authorized and 1,632,386 shares outstanding as of March 31, 2026 and 300,000,000 shares authorized and 245,875 shares outstanding as of March 31, 2025 [1] 16,324 2,459
Additional paid-in capital 27,826,643 10,987,440
Shares subscription receivable (219,998) (219,998)
Accumulated deficit (10,153,318) (895,510)
Accumulated other comprehensive loss (27,247) (41,059)
Total FLY-E Group, Inc. Stockholders’ Equity 17,442,404 9,833,332
Total Liabilities and Stockholders’ Equity $ 29,493,092 $ 33,706,675
[1] Shares and per share data are presented on a retroactive basis to reflect the 1-for-5 reverse stock split completed on July 3, 2025 and the 1-for-20 reverse stock split completed on November 4, 2025.