Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 287

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 287
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     1,078,590  
     1,611,602 
  
    Total liabilities 
    $18,304,758  
    $17,011,525 

The
following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring
basis:

    September 30, 2025 

    Total 
Carrying 
value  
    Level 1  
    Level 2  
    Level 3 
  
    Assets: 

    Assets held for sale 
    $233,110  
    $   -  
    $233,110  
    $- 
  
    Liabilities: 

    Atalaya Note 
    $6,272,911  
    $-  
    $-  
    $6,272,911 

    March 31, 2025 

    Total 
Carrying 
value  
    Level 1  
    Level 2  
    Level 3 
  
    Assets: 

    Assets held for sale 
    $267,293  
    $   -  
    $267,293  
    $- 
  
    Liabilities: 

    Atalaya Note 
    $6,002,269  
    $-  
    $-  
    $6,002,269 

48

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

28Financial
Instruments - Fair Value Measurements (Continued)

Level
2: The fair value of Assets held for sale not traded in an active market is determined using the quoted prices in markets that are not
active or inputs other than the quoted prices that are observable either directly or indirectly considering all the relevant factors
of assets.

The
Company’s recurring Level 3 financial instruments within the Company’s fair value hierarchy as of September 30, 2025 consist
of Company’s unsecured convertible note.

Atalaya
Note

On
March 28, 2025, a court order was received for settlement of the Atalaya note. As of September 30, 2025, the Company’s fair value
measurement of its Atalaya note reflects the carrying amount, as the obligation is immediately payable and no market premium or discount
is applicable. This measurement is classified as Level 3 in the