Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 11

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 11
---
 and income taxes paid information. This standard also includes certain other amendments to improve the effectiveness of income tax disclosures. ASU 2023-09 is effective for public business entities, for annual periods beginning after December 15, 2024. For entities other than public business entities, the amendments are effective for annual periods beginning after December 15, 2025. The Group is in the process of evaluation the impact of adopting this new guidance on its unaudited condensed consolidated financial statement. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40), to improve the disclosures about an entity’s expenses including more detailed information about the types of expenses in commonly presented expense captions. At each interim and annual reporting period, entities will disclose in tabular format disaggregating information about prescribed categories underlying relevant income statement captions, as well as the total amount of selling expense and a description of the composition of its selling expense. The Group will adopt the amendments in this ASU for its fiscal year beginning on January 1, 2027. The Group is in the process of evaluation the impact of adopting this new guidance on its unaudited condensed consolidated financial statement. Other accounting standards that have been issued by FASB that do not require adoption until a future date are not expected to have a material impact on the unaudited condensed consolidated financial statements upon adoption. The Group does not discuss recent standards that are not anticipated to have an impact on or are unrelated to its unaudited condensed consolidated financial condition, results of operations, cash flows or disclosures.

3. SEGMENT INFORMATION

The CODM reviews financial information of operating
segments based on internal management report when making decisions about allocating resources and assessing the performance of the Group.
As a result of the assessment made by CODM, the Group has reportable segments, including auto service business and auto eInsurance
business. The Group’s CODM evaluates performance based on the operating segment’s revenue and their operating results.

|                                  |     | For the nine Months Ended September 30, 2024 |         |   |     |                 |         |   |     |         |         |   |     |              |         |   |
|:---------------------------------|:----|:---------------------------------------------|--------:|:--|:----|:----------------|--------:|:--|:----|:--------|--------:|:--|:----|