Company: EZOO
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022083
Chunk: 51

Company: Ezagoo Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 51
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30, 2025,
and December 31, 2024, related party N advanced $146,426 and $148,216 to the Company as working capital and to pay administrative expenses,
which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related
party N is Changsha Little Penguin Culture Communication Co., Limited, which 95% and 5% of its equity is owned by related party J and
Mr. Xiaohao Tan, respectively. As of September 30, 2025, and December 31, 2024, related party N advanced $115,158 and $112,337 to the
Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working
capital purpose.

NOTE
9 - LEASE

As
of September 30, 2025, the Company has two separates lease agreements for the two office spaces in PRC with remaining lease terms of
from 6 months to over 8 months.

The
details lease terms are shown as followings:

SCHEDULE
OF DETAILS OF LEASE TERM 

    Lease
    agreement
     
    Expiry
    Date
     
    Original
    
    Lease Term
     
    The
    Remaining 
    Lease Term
  
    1st Changsha
    office rent, related party
     
    Dec. 31, 2025
     
    1 year
     
    0.25 year
  
    2nd Beijing office rent, related party
     
    Mar. 10, 2026
     
    1 year
     
    0.5 year

A
lease with an initial term of 12 months are not recorded on the balance sheet. The Company accounts for the lease and non-lease components
of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

    F-13

EZAGOO
LIMITED

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

The
components of lease expense and supplemental cash flow information related to leases are as following:

SCHEDULE
OF LEASE EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES 

    2025  
    2024