Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 68

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 68
---
and Disclosures” (“ASC 820”) defines fair value as the price that would be received upon sale of an asset or paid upon
transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous
market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing
the asset or liability as against assumptions specific to the entity. In addition, the fair value of liabilities should include consideration
of non-performance risk, including the Company’s own credit risk.

The carrying value of financial instruments
not carried at fair value by categories are as below:

    December 31,  2024  
    March 31, 2024 
  
    As at  Financial assets 
    Carrying value  
    Carrying value 
  
    Cash and cash equivalents 
    $4,397,373  
    $1,496,144 
  
    Accounts receivable 
     97,128  
     194,197 
  
    Short term investments 
     -  
     298,495 
  
    Receivable from government authorities 
     476,037  
     445,828 
  
    Long term investments 
     25,295  
     91,947 
  
    Other financial assets 
     966,027  
     770,941 
  
    Total assets 
    $5,961,860  
    $3,297,552 
  
    Financial liabilities 

    Accounts payable 
    $20,791,914  
    $14,431,587 
  
    Debt 
     2,973,192  
     5,049,483 
  
    Other financial liabilities 
     1,315,048  
     1,232,930 
  
    Total liabilities 
    $25,080,154  
    $20,714,000 

The following tables present information about the Company’s
financial assets and liabilities measured at fair value on a recurring basis:

    December 31, 2024 

    Total  Carrying value  
    Level 1  
    Level 2  
    Level 3 
  
    Assets: 

    Assets held for sale 
    $527,784  
    $-  
    $527,784  
    $- 
  
    Liabilities: 

    Atalaya Note 
    $