Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 393

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 393
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 not be required to make our first annual assessment of its internal control over financial reporting pursuant to Section 404 until
the year following our first annual report required to be filed with the SEC.

To comply with the requirements
of being a public company, we have undertaken various actions, and will need to take additional actions, such as implementing numerous
internal controls and procedures and hiring additional accounting or internal audit staff or consultants. Testing and maintaining internal
control can divert Zoomcar’s management’s attention from other matters that are important to the operation of Zoomcar’s
business. Additionally, when evaluating Zoomcar’s internal control over financial reporting, we may identify material weaknesses
that we may not be able to remediate in time to meet the applicable deadline imposed upon us for compliance with the requirements of Section
404. Investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our Common Stock
could be negatively affected if any of the following occurs: (i) we identify any material weaknesses in its internal control over financial
reporting; (ii) we are unable to comply with the requirements of Section 404 in a timely manner; (iii) we assert that our internal control
over financial reporting is ineffective; or (iv) our independent registered public accounting firm is unable to express an opinion as
to the effectiveness of our internal control over financial reporting once we are no longer an emerging growth company. We could also
become subject to investigations by the SEC, the stock exchange on which its securities are listed, or other regulatory authorities, which
could require additional financial and management resources. In addition, if we fail to remedy any material weakness, our financial statements
could be inaccurate, and we could face restricted access to capital markets.

104

If we do not adequately protect our intellectual
property and our data, our business, results of operations, and financial condition could be materially adversely affected. 

We rely on a combination
of trademark, copyright, domain names, trade names and trade secret laws, international treaties, our terms of service, other contractual
provisions, user policies, restrictions on disclosures, and confidentiality agreements with our employees and consultants to protect our
intellectual property rights from infringement and misappropriation. We currently have 21 registered trademarks along with three
trademarks at variance - refused, abandoned, and opposed; 4 patent applications with abandonment process underway and 1 patent application
withdrawn in India and 7 domain names.

There is no assurance that
our pending or future trademark