Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 11

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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    at December 31, 2024 
     -  
     -  
     -  
     -  
     6,771,662  
     677  
     280,779,361  
     (321,357,118) 
     2,154,326  
     (38,422,754)

*Both the number of stock outstanding and their par value have been retroactively recast for all prior periods presented to reflect the par value of the outstanding stock of Zoomcar Holdings, Inc. as a result of the successful Reverse Recapitalization.

**Prior period numbers have been adjusted to reflect the Reverse
Stock Split of the Common Stock at a ratio of 1-for-100 that became effective October 21, 2024. (Refer Note 3)

***125,121 (12,512,080 prior to Reverse Stock Split) shares were
issued against Atalaya Note.

The accompanying notes are an integral part of these Condensed
Consolidated Statements of Stockholders’ Deficit

4

ZOOMCAR HOLDINGS, INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

    Nine months ended 
    December 31, 2024  
    December 31, 2023 
  
    A. Cash flows from operating activities 

    Net loss 
     (13,805,617) 
     (26,757,978)
  
    Adjustments to reconcile net loss to net cash used in operating activities : 

    Depreciation and amortization 
     305,658  
     754,660 
  
    Stock-based compensation 
     -  
     1,883,733 
  
    Interest income 
     -  
     (824)
  
    Change in fair value of preferred stock warrant 
     -  
     5,284,494 
  
    Change in fair value of convertible promissory note 
     -  
     (3,448,846)
  
    Change in fair value of Senior Subordinated Convertible Promissory Notes 
     -  
     (6,990,870)
  
    Change in fair value of derivative financial instruments 
     (5,471,519) 
     3,465,293 
  
    Note issue expenses 
     -  
     1,564