Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1617

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1617
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. We expect that our sales and marketing
expenses will increase on an absolute dollar basis but vary from period to period as a percentage of net revenue for the foreseeable
future.

General and Administrative

General and administrative
expenses primarily consist of personnel-related expenses for executive management and administrative functions, including finance and
accounting, legal, and human resources. General and administrative expenses also include certain travel expenses, professional service
fees, including 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 companies listed
on a Nasdaq, 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 and redeemable promissory note. Costs recognized on account of change in fair valuation
of Senior Subordinated Convertible Promissory Notes, convertible promissory notes and derivative financial instruments are included.
In addition, it also includes Note issue expenses, bank charges, other borrowing costs.

Other (Income) and Expense, Net

Other (income) and expense,
net consists primarily of change in fair value of the preferred stock warrant and the unsecured convertible note, interest income, (gain)/loss
on sale of assets & assets held for sale, Loss on assets written off, loss on foreign currency transactions and balances, 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 and gains on account of concluded negotiations with vendors
for reduction in outstanding liabilities.

Results of Operations

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

    For the Years Ended
 March 31, 

    2025  
    2024 
  
    Net revenue 
    $9,105,891  
    $9,897,233 
  
    Costs and expenses 

    Cost of revenue 
     5,296,841  
     10,331,595 
  
    Technology and development 
     2,965,631  
     4,345,748