Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 193

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 193
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 assets with related parties 
    $      -  
    $44,168 

F-25

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

10Assets held for sale

The components of assets held for sale were as follows:

    (In
    USD)
    As at 
    March 31,
 2025  
    March 31,
 2024 

    Vehicles 
    $267,293  
    $629,908 
  
    Total assets held for sale 
    $267,293  
    $629,908 

Vehicles represent the vehicles held for sale
in the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in Loss/(Gain) on sale of
assets held for sale under Other (income)/expense of Consolidated Statements of Operations. During the year ended March 31, 2025, total
profit of $1,054 was recorded on sale of vehicles held for sale (total loss of $40,293 for the year ended March 31, 2024).

During the year ended March 31, 2025, the Company has recorded the impairment amount of $448,484. During the year ended March 31, 2024,
the Company has recorded the impairment amount of $167,413. The impairment amount is included in ‘Impairment on assets held for sale’ under
Other (income)/expense of Consolidated Statements of Operations.

11Property and equipment, net

The components of property and equipment were as follows:

    (In
    USD)
    As at 
    Estimated useful life 
    March 31,
 2025  
    March 31,
 2024 

    Vehicles and devices 
    5 years 
    $2,399,282  
    $3,274,998 
  
    Computer equipments 
    2 - 7 years 
     551,877  
     603,864 
  
    Office equipments 
    3 - 10 years 
     229,481  
     245,545 
  
    Furniture and fixtures 
    10 years 
     1,720  
     7,398 
  
    Total, at cost 
      
     3,182,360  
     4,131,805 
  
    Less: Accumulated depreciation