Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 103

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 103
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425,439  
    $(13,805,617) 
    $(26,757,978)
  
    Add/ (deduct) 

    Stock-based compensation 
     -  
     1,265,828  
     -  
     1,883,733 
  
    Depreciation and amortization 
     90,522  
     244,053  
     305,658  
     754,660 
  
    Finance costs 
     4,050,856  
     8,392,470  
     6,127,161  
     13,628,832 
  
    Finance costs to related parties 
     -  
     12,426  
     -  
     38,203 
  
    Other (income)/expense, net 
     757,826  
     (34,503,014) 
     (29,297) 
     (10,377,735)
  
    Other income from related parties 
     -  
     (5,548) 
     -  
     (11,224)
  
    Gain on troubled debt restructuring 
     (124,299) 
     -  
     (476,746) 
     - 
  
    Adjusted EBITDA 
    $(3,147,158) 
    $(10,168,346) 
    $(7,878,841) 
    $(20,841,509)

Liquidity and Capital Resources

During the nine months ended December 31, 2024, and 2023 respectively,
we generated negative cash flows from operations of $5.04 million and $8.54 million, respectively, reflecting greater operating cost efficiencies
and reduced overhead expenditures in 2024. The Company incurred a net loss of $13.80 million and $26.76 million during the nine months
ended December 31, 2024, and 2023, respectively, and the accumulated deficit amounts to $321.36 million and $300.03 million as of December
31, 2024, and 2023, respectively.

As of December 31, 2024,
our cash and cash equivalents totaled $4.40 million, consisting of cash on hand, fixed deposits, and other bank balances.

Our primary use of cash is to fund our
existing operations. If we have