Company: SDAWW
Filing Date: 2025-10-27
Form Type: 6-K
Source: 0001213900-25-102611
Chunk: 14

Company: SunCar Technology Group Inc.
Filing Date: 2025-10-27
Form: 6-K
Chunk 14
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.0 million) respectively, to Beijing Youhu Business Services Co., Ltd. (“Youhu”) under a guarantee agreement. The collateral was intended to secure margin loan obligations of Shanghai Cuhong’s affiliates with Youhu’s related entities, Tiger Brokers (NZ) Limited and Tiger Brokers (HK) Global Limited. The amount is refundable upon fulfillment of the margin requirements by the related affiliates. |

| (2) | It represented advance to the employees for Company’s daily operation. |

| (3) | It represented prepaid financing expense related to issuance of GEM Warrants (See Note 10). |

The Group assessed the collectability of prepayments and other current assets, and did not record credit losses for the six months ended June 30, 2024 and 2025, respectively. The movement of allowance for credit losses for the six months ended June 30, 2024 and 2025 were as following:

|                                        |     | For the six months ended 
 June 30,                 | 2024 |   |     |   | 2025 |
|:---------------------------------------|:----|:-------------------------|-----:|:--|:----|:--|-----:|
| Balance at the beginning of the period |     | $                        |  172 |   |     | $ |  130 |
| Foreign currency translation           |     |                          |  (38 | ) |     |   |   40 |
| Balance at the end of the period       |     | $                        |  134 |   |     | $ |  170 |

F-15 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

| 6. | PROPERTY,                   
 SOFTWARE AND EQUIPMENT, NET |

Property, software and equipment, net, consisted of the following:

| Cost                                  |     | As of December 31, 
 2024               |         |   |     | As of  June 30, 
 2025            |         |   |
|:--------------------------------------|:----|:-------------------|--------:|:--|:----|:----------------|--------:|:--|
| Computer software (i)                 |     | $                  |  31,534 |   |     | $               |  32,132 |   |
| Electronic equipment                  |     |