Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 235

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 235
---
410  
  TL            January 1, 2025           30        4,380  
  TL            January 1, 2025           40       39,910  
  TL            January 1, 2025           40      218,845  
  Total                                           435,545  

December 31, 2023

  Currency                                                 
 ───────────────────────────────────────────────────────────
  US$           December 31, 2023       5      17,231,789  
  TL            January 29, 2024       46         140,178  
  TL            January 2, 2024        43         147,306  
  TL            January 19, 2024       46         327,900  
  TL            January 5, 2024        43          28,089  
  TL            January 23, 2024       46         562,071  
  Total                                        18,437,333  

Due to the loan agreement with PFG dated January
20, 2021, the Group shall maintain certain amount of cash, in demand or time deposit accounts over which PFG has a first priority security
interest.

F-26

MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024

(Amounts expressed in US$
unless otherwise stated.)

9 - INVENTORIES

Inventories consists of the following:

                                   Dec 31,                     Dec 31,                 
  Spare parts inventories                       2,030,244                   2,325,376  
  Advance payments for orders                   --                            286,635  
  Total                                         2,030,244                   2,612,011  

The Group created
a provision of US$ 316,664 62,805

10 - ACCOUNTS RECEIVABLES AND PAYABLES

Account receivables consists of the following:

                                     Dec 31,                   Dec 31,                   Dec 31,               
                                     2024                      2023                      2022                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade receivable                                188,298                   163,473                   286,563  
  Deposits and guarantees given                    15,224