Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 407

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 407
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ory notes and derivative financial instruments are included.
In addition, it also includes Note issue expenses, bank charges, other borrowing costs.

Other (Income) and Expense, Net

Other (income) and expense,
net consists primarily of change in fair value of the preferred stock warrant and the unsecured convertible note, interest income, (gain)/loss
on sale of assets & assets held for sale, Loss on assets written off, loss on foreign currency transactions and balances, and other
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,