Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 27

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 27
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 |   |
| Net operating loss carried forward                      |     |              |  11,325 |   |     |           |  11,721 |   |
| Share-based compensation                                |     |              |     295 |   |     |           |     352 |   |
| Allowance for credit losses                             |     |              |   3,679 |   |     |           |   3,976 |   |
| Total deferred tax assets                               |     |              |  24,293 |   |     |           |  25,099 |   |
| Valuation allowance                                     |     |              | (13,840 | ) |     |           | (14,442 | ) |
| Deferred tax assets, net of valuation allowance         |     | $            |  10,453 |   |     | $         |  10,657 |   |

Changes in valuation allowance are as follows:

|                                          |     | 2024 | December 31, |   |     | 2025 | March 31, |
|:-----------------------------------------|:----|:-----|-------------:|:--|:----|:-----|----------:|
| Balance at the beginning of the period   |     | $    |       11,820 |   |     | $    |    13,840 |
| Additions                                |     |      |        2,344 |   |     |      |       517 |
| Foreign currency translation adjustments |     |      |         (324 | ) |     |      |        85 |
| Balance at the end of the period         |     | $    |       13,840 |   |     | $    |    14,442 |

As of December 31, 2024 and March 31, 2025, the
Group had net operating loss carryforwards of approximately $ and $, respectively, which arose from the Group’s subsidiaries
in the PRC. As of December 31, 2024 and March 31, 2025, the Group had net operating loss carryforwards of approximately $ and $,
respectively, which arose from the Parent Company and the Group’s non-PRC subsidiaries. As of December 31, 2024 and March 31, 2025,
deferred tax assets from the net operating loss carryforwards amounted to $ and $, respectively, and the Group has recorded