Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 39

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 39
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, 2027   61,366    76,779   Peapack-Gladstone Bank(v)  August 31, 2025   4,936,058    4,936,058   Velocity Commercial Capital, LLC (vi)  December 1, 2054   1,924,504    1,927,729   AOWINV LLC (vii)  June 10, 2025   —    255,000   Agile Lending, LLC(viii)  November 27, 2025   596,172    —   Stripe, Inc. (ix)  April 20, 2026   126,392    —   Stripe, Inc. (ix)  December 22, 2026   —    —   Total loan payables      7,758,832    7,356,933   Short-term loan payables      (5,532,230)   (5,191,058)  Current portion of long-term loan payables      (222,479)   (100,835)  Long-term loan payables     $2,004,123   $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 September 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