Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 282

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 282
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 |
| Furniture and fixtures         |       | 10         
 years      |             |   |      1,718 |   |     |   |      7,398 |   |
| Total, at cost                 |       |            |             |   |  3,889,001 |   |     |   |  4,131,805 |   |
| Less: Accumulated depreciation |       |            |             |   | (2,741,574 | ) |     |   | (2,572,825 | ) |
|                                |       |            |             | $ |  1,147,427 |   |     | $ |  1,558,980 |   |

Right-of-use assets under finance leases:

| Vehicles, at cost                 |     | $ |  4,009,932 |   |     | $ |  4,117,406 |   |
| Accumulated depreciation          |     |   | (4,009,932 | ) |     |   | (4,117,406 | ) |
|                                   |     | $ |          - |   |     | $ |          - |   |
| Total property and equipment, net |     | $ |  1,147,427 |   |     | $ |  1,558,980 |   |

Depreciation expense for the three months and nine months ended December 31, 2024 was $ 89,552and $ 302,715respectively and for the three months and nine months ended December 31, 2023 was $ 244,051and $ 754,658, respectively. Depreciation expense has been shown under cost of revenue amounting to $ 73,683and $ 222,862for the three months and nine months ended December 31, 2024 respectively ($ 205,260and $ 624,630respectively for three months and nine month ended December 31, 2023) and under General and administrative expenses amounting to $ 15,869and $ 79,853for the three months and nine months ended December 31, 2024 respectively ($ 38,791and $ 130,028respectively for three months and nine months ended December 31, 2023). Vehicles are pledged against debt from financial institutions.

F-26 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATE