Company: FLYE
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078571
Chunk: 129

Company: Fly-E Group, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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, LLC(viii)  November 27, 2025   1,258,862    —   Stripe, Inc. (ix)  April 20, 2026   122,793    —   Stripe, Inc. (ix)  December 22, 2026   213,185    —   Total loan payables      8,672,038    7,356,933   Short-term loan payables      (6,317,712)   (5,191,058)  Current portion of long-term loan payables      (262,069)   (100,835)  Long-term loan payables     $2,092,257   $2,065,040  

  (i) On January 12, 2023, the Company’s subsidiary, Arfy Corp. obtained a five-year long-term loan of $70,000 from JPMorgan Chase Bank, N.A. with an annual interest rate of 9.8%. Mr. Tong Chen, an original stockholder of the Company, provided a guarantee on this loan. To secure payment and performance of the liabilities, Arfy Corp. pledged to JPMorgan Chase Bank, N.A., a continuing security interest in all of its right, title and interest in all of its properties, whether now owned or hereinafter acquired and whether now existing or hereafter arising. As of June 30, 2025, the Company paid off this loan in full. 

(ii)On
August 24, 2022, Universe King Corp. obtained a five-year long-term loan of $63,674 from Leaf Capital Funding, LLC with an annual
interest rate of 7.0%. The collateral provided included the Fuso trucks, whether now owned or hereafter acquired by Universe King Corp.,
and together with all accessories, accessions, attachments thereto, and all other substitutions, renewals, replacements and improvements
and all proceeds of the foregoing. As of June 30, 2025, the outstanding balance is $31,424. From July 1 to August 19, 2025, the Company
paid $2,523 on principal and interest of the loan.

(iii)On
June 12, 2023, Flyebikemiami Inc obtained a four-year long-term