Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 13

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 13
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    498 |   |     |   |      - |
| Additions                              |     |                           |    250 |   |     |   |  2,359 |
| Foreign currency translation           |     |                           | (1,289 | ) |     |   |    309 |
| Balance at the end of the period       |     | $                         | 24,807 |   |     | $ | 23,812 |

5. PREPAID EXPENSES AND OTHER CURRENT ASSETS,
NET

|                                                |     | 2023 | December 31, |   |     | 2024 | September 30, |   |
|:-----------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|--------------:|:--|
| Advances to suppliers                          |     | $    |       58,814 |   |     | $    |        69,295 |   |
| Value-added tax (“VAT”) receivables            |     |      |        2,985 |   |     |      |         2,585 |   |
| Prepaid financing expense(1)                   |     |      |        1,442 |   |     |      |           987 |   |
| Others                                         |     |      |          894 |   |     |      |         1,881 |   |
| Prepaid expenses and other current assets      |     |      |       64,135 |   |     |      |        74,748 |   |
| Allowance for credit losses                    |     |      |         (172 | ) |     |      |          (174 | ) |
| Prepaid expenses and other current assets, net |     | $    |       63,963 |   |     | $    |        74,574 |   |

| (1) | It represented prepaid financing expense related to issuance of GEM Warrants (See Note 10). |

The Group assessed the collectability of other
current assets, and recorded nil and nil provision for credit losses of advances to suppliers that the collectability is considered remote
for the nine months ended September 30, 2023 and 2024, respectively.

|                                        |     | For the nine months ended 
 September 30,             | 2023 |   |     |   | 2024 |
|:---------------------------------------|:----|:----------------