Lucide Ledger

A filing-first public record from Lucide House.

Issue 004 | U.S. Pilot | US

FLYE

Fly-E Group, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-04-21 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 65.5%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
20,667,986USD
Total Liabilities
12,964,336USD
NCAV
7,703,650USD
Cash
n/a
NCAV per share
2.10USD/share
Evidence
3 annual | 10 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated
12
Triggered
3
Unavailable
4
Requires inspection Negative OCF -13,971,040
Latest
-13,971,0402025-12-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2025-12-31 · 0001213900-26-046242

Supporting observation Low Debt 0.01
Latest
0.012025-12-31
Comparison
0.2
Change
n/a

Basis: (short-term debt + long-term debt) / ordinary equity < 20%

Source periods: SEC 10-Q 2025-12-31 · 0001213900-26-046242

Supporting observation Current Ratio > 1.5 2.83
Latest
2.832025-12-31
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2025-12-31 · 0001213900-26-046242

4 unavailable checks — inspect missing inputs
Material 1Y Share Increase 1Y share change >= +2% using the same share-count source
NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source
Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001213900-25-123281 2025-12-18 10-Q Missing Source Data Vault | sec/cleaned/cik=0001975940/accession=0001213900-25-123281/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 10 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2026-03-31
10-K
USD
2025-03-31
10-K
USD
2024-03-31
10-K
USD
Revenue 19,063,357 25,427,163 32,205,666
Operating Income -6,438,269 -4,559,966 3,260,557
Net Income -9,257,808 -5,291,159 1,895,222
Cash From Operations -13,849,914 -10,059,466 4,308,920
Capex -74,609 -1,634,174 -38,032
Free Cash Flow -13,924,523 -11,693,640 4,270,888
Cash And Equivalents n/a 840,102 1,403,514
Accounts Receivable 7,049,592 466,187 212,804
Inventory 2,334,484 6,397,274 5,364,060
Total Current Assets 16,810,498 14,000,516 8,136,208
Total Assets 29,493,092 33,706,675 28,976,334
Total Current Liabilities 6,802,921 12,701,375 7,794,816
Total Liabilities 12,050,688 23,873,343 22,194,512
Shareholders Equity 17,442,404 9,833,332 6,781,822
Shares Outstanding 1,632,386 90,484 122,938
Shares Outstanding Diluted n/a n/a n/a
Weighted Avg Shares Diluted 1,104,494 24,105 110,000
Weighted Avg Shares Basic 1,104,494 24,105 110,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 10 quarterly periods available from Data Vault for this company.

Metric
2026-06-30
10-Q
USD
2026-03-31
10-K
USD
2025-12-31
10-Q
USD
2025-09-30
10-Q
USD
2025-06-30
10-Q
USD
2025-03-31
10-K
USD
2025-03-31
10-K
USD
2024-12-31
10-Q
USD
2024-09-30
10-Q
USD
2024-06-30
10-Q
USD
Revenue 2,748,140 7,177,156 2,649,141 3,908,862 5,328,198 5,051,321 5,051,321 5,678,010 6,824,406 7,873,426
Operating Income -3,536,271 -2,328,063 -1,557,008 -1,048,423 -1,504,775 -2,343,129 -2,343,129 -940,279 -1,231,059 -45,499
Net Income -3,939,083 -3,549,595 -1,923,440 -1,776,125 -2,008,648 -3,284,316 -3,284,316 -684,487 -1,142,848 -179,508
Cash From Operations -190,160 121,126 -6,263,511 -2,423,495 -5,284,034 -645,477 -645,477 -1,844 -4,889,981 -4,522,164
Capex -2,205 -4,763 -25,185 96,963 -141,624 -15,884 -15,884 -42,354 -1,224,412 -351,524
Free Cash Flow -192,365 116,363 -6,288,696 -2,326,532 -5,425,658 -661,361 -661,361 -44,198 -6,114,393 -4,873,688
Cash And Equivalents n/a n/a 295,674 2,538,076 2,334,288 840,102 840,102 1,367,248 1,274,935 4,467,868
Total Current Assets 16,088,025 16,810,498 20,667,986 16,753,352 16,757,538 14,000,516 14,000,516 12,844,667 13,170,914 13,870,967
Total Liabilities 12,654,244 12,050,688 12,964,336 16,331,709 20,054,671 23,873,343 23,873,343 24,114,347 24,340,275 20,227,819
Shares Outstanding 1,632,386 1,632,386 1,632,386 326,477 94,485 4,917,500 90,484 122,938 122,938 122,938
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 1,632,351 n/a 1,632,391 162,784 33,484 4,821,010 4,821,010 122,938 122,938 113,181
Weighted Avg Shares Basic 1,632,351 n/a 1,632,391 162,784 33,484 4,821,010 4,821,010 122,938 122,938 113,181
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 16,088,025USD us-gaap:AssetsCurrent 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Total Liabilities 12,654,244USD us-gaap:Liabilities 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Cash n/a derived 2026-06-30 n/a n/a
Shares Outstanding 1,632,386 dei:EntityCommonStockSharesOutstanding 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
NCAV 3,433,781USD derived 2026-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 2.10USD derived 2026-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 65.5% derived 2026-06-30 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0001975940
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0001975940/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
11
Imported At
2026-10-04T02:13:25+00:00
Rendered At
2026-10-04T14:24:28+00:00

Run Audit

Mary Run
29510e1968ca4fb386d55ebe1e97a5de
Mary As Of
2026-08-01
Accession
0001213900-26-046242
CIK
0001975940
Mary Filing Date
2026-04-21
Filing Currency
USD
Internal Discount
65.5%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=29510e1968ca4fb386d55ebe1e97a5de; mary_as_of=2026-08-01; mary_filing_date=2026-04-21; mary_accession=0001213900-26-046242; mary_cik=0001975940; gnni_supporting_filing_date=2026-04-21; internal_discount=0.654607; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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