Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 202

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 202
---
 legal expenses, rent expenses, office expenses, repairs and maintenance of office equipment and furniture, directors’
and officers’ insurance and other expenses. We further expect to continue incurring general and administrative expenses of operating
as a public company, including expenses for insurance, costs to comply with the rules and regulations applicable to public companies,
costs related to compliance and reporting obligations pursuant to the rules and regulations of the SEC, investor relations, and professional
services expenses. We expect general and administrative expenses will reduce on absolute dollar basis owing to our efforts to manage costs.

Finance Costs

Finance costs consist primarily
of interest on vehicle loans, finance leases, bridge loan and redeemable promissory note. In addition, it also includes Note issue expenses,
bank charges, other borrowing costs.

Other (Income) and Expense, Net

Other expense and (income),
net consists primarily of interest income, change in fair value of Atalaya note, Loss on assets written off, Liquidated damages to Investors
and Gain on derecognition of subsidiary and other expenses.

Gain on troubled debt restructuring

Gain on troubled debt restructuring includes the
gain consists of gains on account of restructuring of loans from lenders.

Results of Operations

The following table sets
forth our results of operations for the periods presented:

    For the Three Months Ended 
June 30, 

    2025  
    2024 
  
    Net revenue 
    $2,312,753  
    $2,240,985 
  
    Costs and expenses 

    Cost of revenue 
     1,313,687  
     1,512,289 
  
    Technology and development 
     709,331  
     901,781 
  
    Sales and marketing 
     176,963  
     802,571 
  
    General and administrative 
     1,874,195  
     2,398,912 
  
    Total costs and expenses 
    $4,074,176  
    $5,615,553 
  
    Loss from operations 
     (1,761,423) 
     (3,374,568)
  
    Finance costs 
     297,551  
     551,003 
  
    Gain on troubled debt restructuring 
     (72,912) 
     - 
  
    Other income, net 
     2,219,251  
     (1,393,992)
  
    Loss before income