Company: FLYE
Filing Date: 2025-12-18
Form Type: 10-Q
Source: 0001213900-25-123281
Chunk: 38

Company: Fly-E Group, Inc.
Filing Date: 2025-12-18
Form: 10-Q
Item: Item 1
Chunk 38
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 the three months ended September 30, 2025
and 2024, the amortization expenses were $27,446 and $7,895, respectively. For the six months ended September 30, 2025 and 2024, the amortization
expenses were $54,761 and $8,846, respectively.

21

7 — ACCRUED EXPENSES AND OTHER PAYABLES

    September 30,  2025  
    March 31,  2025 
  
    Accrued payroll 
    $21,095  
    $62,068 
  
    Advances from customers 
     33,230  
     28,144 
  
    Advances from IGH Holding Inc 
     49,000  
     49,000 
  
    Accrued warranty 
     42,700  
     20,131 
  
    Payroll tax and sales tax payable 
     103,110  
     113,601 
  
    Accrued store expenses 
     31,326  
     58,044 
  
    Accrued freight in cost 
     662  
     35,980 
  
    Accrued UL penalty(i) 
     200,000  
     1,000,000 
  
    Accrued Interest 
     3,113  
     — 
  
    Accrued Expenses and Other Payables 
    $484,236  
    $1,366,968 

  (i) See Note 12 — Commitments and contingencies  

8 —  LOAN PAYABLES

A summary of the Company’s loans is listed
as follows:

  Lender  Due Date  September 30,  2025   March 31,  2025   Chase Bank(i)    January 12, 2028  $—   $301   Leaf Capital Funding, LLC(ii)  September 30, 2027   28,172    34,620   Automobile Loan – Honda(iii)  June 25, 2027   —    20,353   Milea Truck Sales of Queens Inc. (iv)  August 22, 2027   86,168    106,093   Milea Truck Sales of Queens Inc. (iv)  July 26