Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 241

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 241
---
                        412,564  
   2025                   484,043                   233,984  
   2026                   87,713                     43,972  

The following table presents supplemental information
used to calculate the present value of operating lease liabilities:

                                                        Dec 31,                Dec 31,            
  Weighted average remaining lease term (in years)                   1.36                   1.78  
  Weighted average discount rate %                                     40                     30  

F-31

MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES

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

(Amounts expressed in US$
unless otherwise stated.)

13 - OPERATING LEASE
LIABILITIES (continued)

Supplemental cash flow information related to operating leases included
in cash flow from operating activities was as follows:

                                      Dec 31,                     Dec 31,                   
                                      2024                                                  
                                                                  2023                      
 ────────────────────────────────────────────────────────────────────────────────────────────
  Cash paid for operating leases                   ( 985,506                   ( 1,403,266  
  Total                                            ( 985,506                   ( 1,403,266  

14 - OPERATING LEASE RIGHT OF USE ASSETS

Operating lease right of use assets consists of
the following:

                                      Dec 31,                       Dec 31,                   
  Buildings                                          1,180,005                     1,222,461  
  Vehicles                                             698,878                     1,017,170  
  Less: Accumulated depreciation                   ( 1,041,535                   ( 1,215,892  
  Total                                                837,348                     1,023,739  

The following table summarizes the operating lease
expenses recorded in the consolidated statement of operations for the years ended on December 31, 2024, 2023 and 2022:

                        Dec 31,                     Dec 31,                     Dec 31,                 
                        2024                        2023                        2022                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost of revenues                   1,434,503                   2,210,841                   3,390,748  
  Total                              1,434,503                   2,210,841                   3,390,748  

F-32

M