Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 261

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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Loss/(Gain) on sale of assets held for sale under Other (income)/expense of Condensed Consolidated Statements of Operations. During
the three months and nine months ended December 31, 2024, total profit of $5,011 and $7,861 was recorded on sale of vehicles held
for sale respectively (total loss of $9,940 and $11,325 for the three months and nine months ended December 31, 2023
respectively).

During the three and nine months ended
December 31, 2024, the Company has recorded the impairment amount of $251,590 and $251,590, respectively. During the three and nine months
ended December 31, 2023, the Company has recorded the impairment amount of $165,216 and $165,216, respectively. The impairment amount
is included in ‘Impairment on assets held for sale’ under Other (income)/expense of Condensed Consolidated Statements of Operations.

11Property
and equipment, net

The components of property and equipment
were as follows:

    (In USD)
As at 
    Estimated
 useful life 
    December 31,
 2024  
    March 31,
 2024 

    Devices 
    3 - 5 years 
    $3,107,319  
    $3,274,998 
  
    Computer equipments 
    2 - 7 years 
     550,939  
     603,864 
  
    Office equipments 
    3 - 10 years 
     229,025  
     245,545 
  
    Furniture and fixtures 
    10 years 
     1,718  
     7,398 
  
    Total, at cost    
      
     3,889,001  
     4,131,805 
  
    Less: Accumulated depreciation 
      
     (2,741,574) 
     (2,572,825)

    $1,147,427  
    $1,558,980 

Right-of-use assets under finance
leases:

    Vehicles, at cost 
    $4,009,932  
    $4,117,406 
  
    Accumulated depreciation 
     (4,009,932) 
     (4,117,406)

    $-  
    $- 

    Total property and equipment, net 
    $