Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 305

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 305
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 during the three months ended September 30, 2025. 

Other expenses were $0.43
million during the six months ended on September 30, 2025, versus other income of $1.03 million during the six months ended on September
30, 2024, an increase in expenses of $1.46 million or 141%.This increase in expenses is due to recognition of non-cash expenses towards
liquidated damages amounting to $ 2.54 million to the investors of December 2024 First Closing and March 2025 Third Closing due to delay
in registering of securities with SEC, expenses towards change in the fair value of Atalaya note is $0.27 million during the six months
ended September 30, 2025 recorded under finance cost as compared to gain of $0.97 million during six months ended September 30, 2024.This
increase in expenses is offset by gain on account of derecognition of subsidiary amounting to $1.86 million during the six months ended
September 30, 2025.

60

Non-GAAP Financial Measures

In addition to our results
determined in accordance with GAAP, we believe the following non-GAAP financial measures help us to evaluate our business, identify trends
affecting our business, formulate business plans, and make strategic decisions. We use the following non-GAAP financial measures, collectively,
to evaluate our ongoing operations and for internal planning and forecasting purposes.

We believe that these non-GAAP
financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past
financial performance and assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement
their GAAP results. The non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered
as a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP financial
measures used by other companies. Because of these limitations, we consider, and you should consider, our non-GAAP financial measures
alongside other financial performance measures presented in accordance with GAAP. A reconciliation of each non-GAAP financial measure
to the most directly comparable financial measure stated in accordance with GAAP is provided below. Investors are encouraged to review
the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP
financial measures. 

The following