Why does my bike just stops running like it's out of gas?

That bike is only one year old. SURELY it's still covered by a manufacturer's warranty.

Is it possibly nearly out of gas?

Will it idle at any time?

Is the gas on? No, I'm not being sarcastic. Blockage in the gas line, filter, ?

when was the last time you cleaned or changed the fuel filter?
sometimes it will clog from bad gas or dirt in the tank when under use, then partially clean itself from back pressure when bike is not running.
clean or change it and see if that helps

The first thing to check is the fuel bowl.
Shut off gas, remove the fuel bowl, clean it out, ensure that the float goes up and down smoothly, turn gas on and ensure that lifting the float stops the gas.
Reassemble and try again.

That is the fuel pump doing its job of pumping. If it stops making noise, it stopped pumping, and no gas is getting into your motor. Your bike will not run without a running fuel pump. :)

The gas has varnished and turned to ****. You need to take it to a shop and have the carbs cleaned. Next time you decide to store the bike put fuel stabilizer in the tank and run the bike untill the stabilizer gets into the carbs. When you want to store it, turn the gas off and let the bike run all the remaining gas in the carbs out. That is your best bet. Chaz Moto DC

This sounds like water in the gas. Condensation in the gas tank makes it's way into the float bowl and after enough accumulates the bike dies because water just doesn't burn like gas. Drain the carbs and then let them fill up again. The good thing is that the cost to eliminate this as a problem is zero.

The carbeurator needs to be cleaned. Get a bottle of seafoam additive/carbeurator cleaner at the auto parts store and add it to your gas tank [one ounce per gallon of gas] It will get the **** out of your carb.