Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 326

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 326
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 are non-cash charges, the assets being depreciated and amortized may need to be replaced in the future, and adjusted EBITDA does not reflect all cash requirements for such replacements or for new capital expenditure requirements;

65

    ●
    Adjusted EBITDA excludes stock-based compensation expense, which has been, and will continue to be for the foreseeable future, a recurring expense in our business and an important part of our compensation strategy: and

    ●
    Adjusted EBITDA excludes all finance charges.

Because of these limitations,
you should consider adjusted EBITDA alongside other financial performance measures, including net loss and our other GAAP results.

The following is a reconciliation
of adjusted EBITDA to the most comparable GAAP measure, Net (Loss) / Income:

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

    2024  
    2023  
    2024  
    2023 
  
    Net (Loss) / Income 
    $(7,922,063) 
    $14,425,439  
    $(13,805,617) 
    $(26,757,978)
  
    Add/ (deduct) 

    Stock-based compensation 
     -  
     1,265,828  
     -  
     1,883,733 
  
    Depreciation and amortization 
     90,522  
     244,053  
     305,658  
     754,660 
  
    Finance costs 
     4,050,856  
     8,392,470  
     6,127,161  
     13,628,832 
  
    Finance costs to related parties 
     -  
     12,426  
     -  
     38,203 
  
    Other (income)/expense, net 
     757,826  
     (34,503,014) 
     (29,297) 
     (10,377,735)
  
    Other income from related parties 
     -  
     (5,548) 
     -  
     (11,224)
  
    Gain on troubled debt restructuring 
     (124,299) 
     -  
     (476,746) 
     - 
  
    Adjusted EBIT