Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 246

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 246
---
 civil law cases                                                                                 
           and labor law cases. The Group has accounted for the requisite provisions pertaining to these lawsuits within the consolidated financial  
           statements as of December 31, 2024, 2023 and 2022.                                                                                        
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

18 - OTHER INCOME

For the years ended December 31, 2024, 2023 and 2022, other income
consists of the following:

                                          January 1 -                     January 1 -                   January 1 -               
                                          Dec 31,                         Dec 31,                       Dec 31,                   
                                          2024                            2023                          2022                      
  Extinguishment of debt liabilities                         608,542                            --                       --       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Loss claim income                                          225,376                       197,712                       13,754   
  Traffic penalty claim income                               149,909                        92,387                       --       
  Incentive income                                            55,484                       136,711                       50,115   
  Other                                                      154,728                       231,116                       123,194  
  Total                                                    1,194,039                       657,926                       187,063  

F-36

MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024

(Amounts expressed in US$
unless otherwise stated.)

19 - FINANCIAL INCOME AND EXPENSE

For the years ended December 31, 2024, 2023 and
2022, financial income consists of the following:

                                   January 1 -                     January 1 -                     January 1 -                 
                                   Dec 31,                         Dec 31,                         Dec 31,                     
                                   2024                            2023                            2022                        
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial interest income                         1,011,865                         831,177                         229,303  
  Foreign exchange gains, net                         396,626                       2,726,407                       2,337,815  
  Warrant income, net                                      --                           3,843                              --  
  Total