Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 31

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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The components of other current assets were as
follows:

    (In USD) As at 
    June 30, 2025  
    March 31, 2025 

    Security deposits 
    $25,741  
    $24,997 
  
    Franchise tax refund receivable 
     -  
     84,490 
  
    Advance to employees 
     35,936  
     29,730 
  
    Advance to suppliers 
     29,828  
     5,201 
  
    Receivables from car sale 
     57,709  
     57,892 
  
    Other receivables 
     76,519  
     58,890 
  
    Other current assets 
    $225,733  
    $261,200 

8Assets held for sale

The components of assets held for sale were as
follows:

    (In USD)
    As at 
    June 30,
 2025  
    March 31,
 2025 

    Vehicles 
    $266,450  
    $267,293 
  
    Total assets held for sale 
    $266,450  
    $267,293 

Vehicles represent the vehicles held for sale in
the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in Loss/(Gain) on sale of assets
held for sale under Other (income)/expense of Condensed Consolidated Statements of Operations. During the three months ended June 30,
2025, total profit of $Nil was recorded against loss/ (gain) on sale of vehicles held for sale (total profit of $2,923 for the three months
ended June 30, 2024). Further, during the three months ended June 30, 2025 and 2024, the Company has not recorded any impairment amount.

9Property and equipment, net

The components of property and equipment were
as follows:

    (In USD)
    As at 
    Estimated 
useful life 
    June 30,
 2025  
    March 31,
 2025 

    Vehicles and devices 
    5 years 
    $1,624,878  
    $2,399,282 
  
    Computer equipments 
    2 – 7 years 
     550,137  
     551,877