Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 252

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 252
---
IE). ASU 2025-03 is effective for fiscal years beginning after December 15,
2026, including interim periods within those fiscal years. Early adoption is permitted. The amendments in ASU 2025-03 must be applied
prospectively to any business combination that occurs after the initial adoption date. The Company is evaluating the impact that adoption
of the provisions of ASU 2025-03 will have on the Company’s Condensed Consolidated Financial Statements.

In
May 2025, the FASB issued ASU 2025-04 which clarifies the guidance in both ASC 606 and ASC 718 on the accounting for share-based payment
awards that are granted by an entity as consideration payable to its customer. ASU 2025-04 is effective for fiscal years beginning after
December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the impact
that adoption of the provisions of ASU 2025- 04 will have on the Company’s Condensed Consolidated Financial Statements.

In
July 2025, the FASB issued ASU 2025-05 which amends ASC 326-202 to provide a practical expedient (for all entities) and an accounting
policy election (for all entities, other than public business entities, that elect the practical expedient) related to the estimation
of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under
ASC 606. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, including interim periods within those fiscal years.
Early adoption is permitted. This update does not have any impact on the Company’s Condensed Consolidated Financial Statements.

In
September 2025, the FASB issued ASU 2025-06 which amends certain aspects of the accounting for and disclosure of software costs under
ASC 350-40. The update clarifies the guidance for accounting for costs related to internal use-software. ASU 2025-06 is effective for
annual periods beginning after December 15, 2027, including interim periods within those annual periods. Early adoption is permitted.
This update does not have any impact on the Company’s Condensed Consolidated Financial Statements.

In
September 2025, the FASB issued ASU 2025-07 which refines the scope of the guidance on derivatives in ASC