Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 37

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 37,985  
     216,576 
  
    Other current assets    
    $338,271  
    $523,746 

9 (b)Other
                                            current assets with related parties

The components of other current assets with related parties
were as follows:

    (In
    USD) 
As at 
    December 31,
 2024  
    March
    31,
 2024 

    Advance
    to director 
    $             -  
    $44,168 
  
    Other
    current assets with related parties     
    $-  
    $44,168 

24

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

10Assets
held for sale

The components of assets held for sale were as follows:

    (In USD)
As at 
    December 31,
 2024  
    March 31,
 2024 

    Vehicles 
    $527,784  
    $629,908 
  
    Total assets held for sale      
    $527,784  
    $629,908 

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 and nine months ended December 31, 2024, total profit of $5,011 and $7,861 was recorded on sale of vehicles held
for sale respectively (total loss of $9,940 and $11,325 for the three months and nine months ended December 31, 2023
respectively).

During the three and nine months ended
December 31, 2024, the Company has recorded the impairment amount of $251,590 and $251,590, respectively. During the three and nine months
ended December 31, 2023, the Company has recorded the impairment amount of $165,216 and $165,216, respectively. The impairment amount
is included in ‘Impairment on assets held for sale’ under Other (income)/expense of Condensed Consolidated Statements of Operations.

11Property
and equipment, net

The components of property and equipment
were as follows:

    (In USD