Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 112

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 112
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 including expenses for insurance, costs to comply with the rules and regulations applicable to companies listed on a Nasdaq, costs related to compliance and reporting obligations pursuant to the rules and regulations of the SEC, investor relations, and professional services expenses. We expect general and administrative expenses will reduce on absolute dollar basis owing to our efforts to manage costs. Finance Costs Finance costs consist primarily of interest on vehicle loans, finance leases and redeemable promissory note. Costs recognized on account of change in fair valuation of preferred stock warrant liability, convertible promissory notes and derivative financial instruments and convertible promissory notes are included. In addition, it also includes funds issue expenses, note issue expenses, bank charges, other borrowing costs. Other (Income) and Expense, Net Other (income) and expense, net consists primarily of change in fair value of the convertible promissory note, SSCPN, derivative financial instrument and the unsecured convertible note, interest income, (gain)/loss on sale of assets & assets held for sale, Loss on assets written off, loss on foreign currency transactions and balances, gain on modification of finance leases, provisions written back, payable to customers written back and other expenses. Gain on troubled debt restructuring Gain on troubled debt restructuring includes the gain consists of gains on account of restructuring of loans from lenders and gains on account of concluded negotiations with vendors for reduction in outstanding liabilities. Results of Operations The following table sets forth our results of operations for the periods presented:

|                                                 |     | 2024 | Three months ended 
       December 31, |   |     | 2023 |             |   |     | 2024 | Nine months ended 
      December 31, |   |     | 2023 |             |   |
|:------------------------------------------------|:----|:-----|-------------------:|:--|:----|:-----|------------:|:--|:----|:-----|------------------:|:--|:----|:-----|------------:|:--|
| Net revenue                                     |     | $    |          2,449,368 |   |     | $    |   2,421,438 |   |     | $    |         6,937,250 |   |     | $    |   7,717,064 |   |
| Costs and expenses                              |     |      |                  - |   |     |      |           - |   |     |      |                 - |   |     |      |           - |