Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 40

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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Supplemental balance sheet information related to leases was as follows:

  (In USD) As at  December 31,  2024   March 31, 2024   Operating Leases          Operating lease right-of-use assets  $1,067,777   $1,290,608                Current operating lease liabilities  $312,491   $365,542   Non-current operating lease liabilities   847,700    1,009,681   Total operating lease liabilities   $1,160,191   $1,375,223                Finance Leases                         Property and equipment, at cost  $5,768,936   $5,923,555   Accumulated depreciation   (4,009,932)   (4,117,406)  Accumulated impairment   (1,759,004)   (1,806,149)  Property and equipment, net   $-   $-                Current finance lease liabilities  $4,015,692   $5,738,239   Non-current finance lease liabilities   -    -   Total finance lease liabilities   $4,015,692   $5,738,239                Weighted Average Remaining Lease Term            Operating leases   51 months    58 months   Finance leases   21 months    30 months   Weighted Average Discount Rate            Operating leases   13.00%   13.00%  Finance leases   21.00%   9.00% 

26

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The Company determines the incremental borrowing rate by
adjusting the benchmark reference rates, with appropriate financing spreads applicable to the respective geographies where the leases
were entered and lease specific adjustments for the effects of collateral.

    December 31, 2024

    March 31, 2024

    Operating Leases

    Finance Leases

    Operating Leases

    Finance Leases

    Maturities