Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 74

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 74
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30, 

    2025  
    2024 
  
    Net (Loss) 
    $(4,205,313) 
    $(2,531,579)
  
    Add/ (deduct) 

    Depreciation and amortization 
     35,428  
     113,327 
  
    Finance costs 
     297,551  
     551,003 
  
    Other expense/(income), net 
     2,219,251  
     (1,393,992)
  
    Gain on troubled debt restructuring 
     (72,912) 
     - 
  
    Adjusted EBITDA 
    $(1,725,995) 
    $(3,261,241)

53

Liquidity and Capital Resources

During the three months ended
on June 30, 2025, and 2024 respectively, we generated/(used) cash flows from operations of $0.09 million $(1.78) million, respectively,
reflecting greater operating cost efficiencies and reduced overhead expenditures in 2025. The Company incurred a net loss of $4.21 million
and $2.53 million during the three months ended on June 30, 2025, and 2024, respectively, and the accumulated deficit amounts to $337.38
million and $310.08 million as of June 30, 2025, and 2024, respectively.

As of June 30, 2025, our
cash and cash equivalents totaled $0.39 million, consisting of cash on hand, fixed deposits.

Our primary use of cash is
to fund our existing operations. If we have sufficient working capital, we will continue to invest in product development and in our technology
platform. We expect that our general and administrative expenses will be reduced on an absolute dollar basis due to our efforts to manage
cost, use of our cash effectively and improve profitability while managing our research and development programs. As on June 30, 2025,
the Company’s cash position was critically deficient and critical payments to the operational and financial creditors of the Company
are not being made in the ordinary course of business, all of which raises substantial doubt about the Company’s ability to continue
as a going concern.

In October 2022, we entered into a Business Combination
Agreement (BCA) for merger with Innovative International Acquisition Corp. (“IOAC”) In October 2022, we entered