Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 234

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 234
---
501      98,200       78,616   

7 - OTHER ASSETS

Other current assets consisted of the following:

                                         Dec 31,        Dec 31,  
  Deferred debt discount cost (*)      1,765,724             --  
  VAT receivable                       1,387,455      2,251,049  
  Prepayments                            801,540        846,372  
  Other                                   80,678        150,219  
  Total                                4,035,397      3,247,640  

Other non-current assets consisted of the following:

                                       Dec 31,                     Dec 31,  
  Deferred debt discount cost (*)                   2,040,522               
  Total                                             2,040,522               

  (*)      Deferred debt discount cost represents equity incentive shares             

F-25

MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES

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

(Amounts expressed in US$
unless otherwise stated.)

8 - CASH AND CASH EQUIVALENTS

Cash and cash equivalents consists of the following:

  Cash at banks                3,344,196      19,424,059  
  - Time deposit                 435,545      18,437,333  
  - Demand deposit             2,908,651         986,726  
  Other liquid assets (*)      1,804,661              --  
  Total                        5,148,857      19,424,059  

  (*)      The Group considers all highly liquid investments with original                                                                            
           maturities of three months or less to be cash equivalents. As of December 31, 2024, this includes investments in money market funds and    
           similar liquid instruments. These investments are readily convertible to known amounts of cash and carry an insignificant risk of changes  
           in value.                                                                                                                                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

As of December 31, 2024, and 2023 the details
of the Group’s time deposit, maturity dates and interest rates are as follows:

December 31, 2024

  Currency                                                 
 ───────────────────────────────────────────────────────────
  TL            January 24, 2025      49, 25      172,