Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 65

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 expenses,
bank charges, other borrowing costs.

Other (Income) and Expense, Net

Other expense and (income),
net consists primarily of interest income, change in fair value of Atalaya note, Loss on assets written off, Liquidated damages to Investors
and Gain on derecognition of subsidiary 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.

Results of Operations

The following table sets
forth our results of operations for the periods presented:

    For the Three Months Ended 
June 30, 

    2025  
    2024 
  
    Net revenue 
    $2,312,753  
    $2,240,985 
  
    Costs and expenses 

    Cost of revenue 
     1,313,687  
     1,512,289 
  
    Technology and development 
     709,331  
     901,781 
  
    Sales and marketing 
     176,963  
     802,571 
  
    General and administrative 
     1,874,195  
     2,398,912 
  
    Total costs and expenses 
    $4,074,176  
    $5,615,553 
  
    Loss from operations 
     (1,761,423) 
     (3,374,568)
  
    Finance costs 
     297,551  
     551,003 
  
    Gain on troubled debt restructuring 
     (72,912) 
     - 
  
    Other income, net 
     2,219,251  
     (1,393,992)
  
    Loss before income taxes 
     (4,205,313) 
     (2,531,579)
  
    Provision for income taxes 
     -  
     - 
  
    Net loss 
    $(4,205,313) 
    $(2,531,579)

47

The following table sets
forth our results of operations as a percentage of net revenue:

    For the Three Months Ended  June 30, 

    2025  
    2024 
  
    Net revenue 
     100% 
     100%
  
    Costs and expenses 

    Cost of revenue 
     57% 
     67%
  
    Technology and development 
     31%