Company: SDAWW
Filing Date: 2025-12-22
Form Type: 6-K
Source: 0001213900-25-124170
Chunk: 14

Company: SunCar Technology Group Inc.
Filing Date: 2025-12-22
Form: 6-K
Chunk 14
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   |     |      |         1,000 |   |
| Prepaid financing expense (3)                  |     |      |          835 |   |     |      |           382 |   |
| Others                                         |     |      |          412 |   |     |      |         1,155 |   |
| Prepaid expenses and other current assets      |     |      |       70,301 |   |     |      |        96,743 |   |
| Allowance for credit losses                    |     |      |         (130 | ) |     |      |          (171 | ) |
| Prepaid expenses and other current assets, net |     | $    |       70,171 |   |     | $    |        96,572 |   |

| (1) | On April 21, May 15 and August 12, 2025, Shanghai Cuhong Auto Services Co., Ltd. (“Shanghai Cuhong”), a subsidiary of the Company, provided cash collateral of RMB14.6 million (approximately $2.0 million), RMB7.2 million (approximately $1.0 million) and RMB7.2 million (approximately $1.0  million), respectively, to Beijing Youhu Business Services Co., Ltd. (“Youhu”) under a guarantee agreement. The collateral was intended to secure margin loan obligations of Lu Ruixia, Yang Shuaiqi, Yang Dan and Guo Qingbao with Youhu’s related entities, Tiger Brokers (NZ) Limited and Tiger Brokers (HK) Global Limited. The amount is refundable only when such third-parties have fully satisfied and complied with 
 any additional margin requirements. The Company expects to recover this securities margin by 2026.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

| (2) | It represented advance to the employees for the 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 nine months ended September 30, 2024 and 2025, respectively.

|                                        |     | For the nine months ended 
 September 30,             | 2024 |     |   | 2025 |
|:---------------------------------------|:----|:--------------------------|-----:|:----|:--|-----: