Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 14

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 14
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 |     |      |   (23,123 | ) |
| Accounts receivable, net    |     | $    |       75,605 |   |     | $    |    83,689 |   |

The Group recognized credit losses of $ and
$ for the three months ended March 31, 2024 and 2025.

The movement of allowance for credit losses for
the three months ended March 31, 2024 and 2025 were as following:

|                                        |     | For the three months ended 
 March 31,                  |   2024 |   |     |   |   2025 |
|:---------------------------------------|:----|:---------------------------|-------:|:--|:----|:--|-------:|
| Balance at the beginning of the period |     | $                          | 21,144 |   |     | $ | 21,862 |
| Additions                              |     |                            |  1,291 |   |     |   |  1,130 |
| Foreign currency translation           |     |                            |   (358 | ) |     |   |    131 |
| Balance at the end of the period       |     | $                          | 22,077 |   |     | $ | 23,123 |

| 5. | PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET |

Prepayments and other current assets, net consisted of the following:

|                                                |     | 2024 | December 31, |   |     | 2025 | March 31, |   |
|:-----------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|----------:|:--|
| Advances to suppliers                          |     | $    |       65,753 |   |     | $    |    75,675 |   |
| Value-added tax (“VAT”) receivables            |     |      |        2,301 |   |     |      |     2,544 |   |
| Receivables from third parties (1)             |     |      |        1,000 |   |     |      |     1,000 |   |
| Prepaid financing expense (2)                  |     |      |          835 |   |     |      |       685 |   |
| Others                                         |     |      |          412 |