Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 86

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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 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:

    Three months ended December 31,  
    Nine months ended December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Net revenue 
    $2,449,368  
    $2,421,438  
    $6,937,250  
    $7,717,064 
  
    Costs and expenses 
     -  
     -  
     -  
     - 
  
    Cost of revenue 
     1,499,282  
     2,093,057  
     4,224,993  
     8,441,525 
  
    Technology and development 
     749,287  
     1,261,101  
     2,385,988  
     3,507,839 
  
    Sales and marketing 
     191,090  
     962,652  
     1,208,431  
     4,822,646 
  
    General and administrative 
     3,247,389  
     9,782,855  
     7,302,337  
     14,424,956 
  
    Total costs and expenses 
     5,687,