Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 183

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 8
Chunk 183
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 Company in the amount of $nil and $47,785,
respectively.

(C) Other Related Party Transactions

On March 6, 2021, the Company and DGLG entered
into an engagement letter, pursuant to which the Company engaged DGLG as a consultant to assist the Company in its IPO planning, financing
and tax services. Mr. Guo, the Company’s former CFO who resigned on November 6, 2024, is a partner at DGLG. Under
the terms of the engagement agreement with DGLG, the Company has agreed to compensate DGLG for consulting services based on an hourly
fee arrangement. DGLG’s consulting fees were nil and nil for the three months ended September 30, 2025 and 2024, respectively,
and nil and $225,000 for the six months ended September 30, 2025 and 2024, respectively. In addition, during the three months and six
months ended September 30, 2025 the Company paid DGLG a total of $64,600 and $170,775 for tax services, including sales tax services,
payroll tax services, and income tax services, rendered by DGLG, respectively. During the three and six months ended September 30, 2024,
the Company paid DGLG a total of $12,800 and $28,400 for tax services, including sales tax services, payroll tax services, and income
tax services, rendered by DGLG, respectively.

On April 1, 2023, the Company agreed to retain
the services of PJMG, a company in which Mr. Guo, the Company’s former CFO who resigned on November 6, 2024, holds over 50% of
the equity interests as a consultant following the completion of its IPO. To secure these services, the Company prepaid a total of $75,000
to PJMG as of September 30, 2025, and nil was expensed as consulting expenses during the three months ended September 30, 2025. $45,000
was expensed as consulting expenses during the six months ended September 30, 2025. $45,000 was expensed as consulting expenses during
the three months ended September 30, 2024. $60,000 was expensed as consulting expenses during the six months ended September 30, 2024.
During the three and six months ended September