v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Mar. 31, 2026
Current Assets    
Cash $ 60,281 $ 265,236
Accounts receivable, net 8,600,552 7,049,592
Accounts receivable, net – a related party 32,030 32,030
Inventories, net 2,018,179 2,334,484
Prepayments and other receivables 5,205,648 6,967,596
Prepayments and other receivables — related parties 171,335 161,560
Total Current Assets 16,088,025 16,810,498
Property and equipment, net 5,635,678 5,792,915
Security deposits 329,872 369,249
Operating lease right-of-use assets 3,700,499 4,289,237
Intangible assets, net 403,491 431,193
Long-term prepayment for software development 1,800,000
Total Assets 26,157,565 29,493,092
Current Liabilities    
Accounts payable 1,089,291 433,188
Short-term loan payables 3,936,058 3,936,058
Current portion of long-term loan payables 88,227 93,980
Accrued expenses and other payables 1,074,961 680,200
Accrued expenses and other payables – a related party 225
Operating lease liabilities – current 1,395,477 1,507,340
Taxes payable 366,162 151,930
Liabilities held for sale
Total Current Liabilities 7,950,176 6,802,921
Long-term loan payables 1,922,638 1,945,442
Operating lease liabilities – non-current 2,781,430 3,302,325
Total Liabilities 12,654,244 12,050,688
Commitment and Contingencies
Stockholders’ Equity    
Preferred stock, $0.01 par value, 10,000,000 shares authorized and nil outstanding as of June 30, 2026 and March 31, 2026 [1]
Common stock, $0.01 par value, 300,000,000 shares authorized and 1,632,386 shares outstanding as of June 30, 2026 and March 31, 2026 [1] 16,324 16,324
Additional paid-in capital 27,826,643 27,826,643
Shares subscription receivable (219,998) (219,998)
Accumulated deficit (14,092,401) (10,153,318)
Accumulated other comprehensive loss (27,247) (27,247)
Total FLY-E Group, Inc. Stockholders’ Equity 13,503,321 17,442,404
Total Liabilities and Stockholders’ Equity $ 26,157,565 $ 29,493,092
[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.