Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 260

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 260
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4  
    March 31,
 2024 

    Certificate of deposits 
    $                   -   
    $298,495 
  
    Short term investments 
    $-  
    $298,495 

9
(a) Other current assets

The components of other current assets were as follows:

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

    Security deposits 
    $27,279  
    $98,813 
  
    Franchise tax refund receivable 
     84,490  
     84,490 
  
    Advance to employees 
     17,164  
     15,159 
  
    Receivables from car sale 
     81,987  
     90,244 
  
    Advance income taxes, net 
     4,844  
     9,094 
  
    Advance to suppliers 
     84,522  
     9,370 
  
    Other receivables 
     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