Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1025

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1025
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expenses.

Gain on troubled debt restructuring

Gain on troubled debt restructuring includes
the gain consists of gains on account of restructuring of loans from lenders and gains on account of concluded negotiations with vendors
for reduction in outstanding liabilities.

Results of Operations

The following table sets
forth our results of operations for the periods presented: 

    For the Years Ended
 March 31, 

    2025  
    2024 
  
    Net revenue 
    $9,105,891  
    $9,897,233 
  
    Costs and expenses 

    Cost of revenue 
     5,296,841  
     10,331,595 
  
    Technology and development 
     2,965,631  
     4,345,748 
  
    Sales and marketing 
     1,466,047  
     5,767,036 
  
    General and administrative 
     9,778,371  
     17,245,096 
  
    Impairment of balances with government authorities 
     -  
     3,875,767 
  
    Total costs and expenses 
    $19,506,890  
    $41,565,242 
  
    Loss from operations 
     (10,400,999) 
     (31,668,009)
  
    Finance costs 
     8,607,173  
     13,898,735 
  
    Finance costs to related parties 
     -  
     38,203 
  
    Gain on troubled debt restructuring 
     (1,171,161) 
     - 
  
    Other income, net 
     7,785,291  
     (11,316,471)
  
    Other income from related parties 
     -  
     (11,224)
  
    Loss before provision for income taxes 
     (25,622,302) 
     (34,277,252)
  
    Provision for income taxes 
     -  
     - 
  
    Net loss 
    $(25,622,302) 
    $(34,277,252)

68

The following table sets
forth our results of operations as a percentage of net revenue:

    For the Years Ended March 31, 

    2025  
    2024 
  
    Net revenue 
     100% 
     100%