Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 134

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 134
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 tech
and other variations. We also control our intellectual property through specific terms of use on our mobile application and website.

We intend to pursue additional intellectual property
protection to the extent we believe it would be beneficial and cost-effective for our business. Despite our efforts to protect our intellectual
property rights, they may not be respected in the future or may be invalidated, circumvented, or challenged. See “ Risk Factors  - Risks
Related to Our Intellectual Property and Technology  -   We may face intellectual property rights claims and other litigation
that are expensive to defend, and if resolved unfavorably, could significantly impact us and our shareholders.” and “ -   If
we are unable to protect our intellectual property, the value of our brand and other intangible assets may be compromised, adversely impacting
our business.”

D. Trend Information

See this
Item 5: “ Operating and Financial Review and Prospects - Operating Results”.

E. Critical Accounting Estimates

The preparation of consolidated financial statements
in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities
at the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting period, and the
disclosure of contingent assets and liabilities at the date of the consolidated financial statements.

Significant items subject to estimates and assumptions
include those related to useful lives of property and equipment, including electric moped, electric bikes and electric scooters, legal
contingencies, valuation allowance for deferred income taxes, determination of contract term of rental building and vehicle related to
right of use assets and the valuation of share-based compensation. Actual results could differ from those estimates.

We based our estimates on historical experience
and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making
judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Due to the inherent uncertainty
involved in making these estimates, actual results reported in future periods could differ from our estimates.

We believed that the following critical accounting
policies reflect the more significant judgments, estimates, and assumptions used in the preparation of its consolidated financial statements.
For additional information, see the disclosure included in “Note 3  -   Summary of Significant Accounting Policies
and Use of Estimates” in the notes to our audited consolidated financial statements included elsewhere in this Annual Report.

Revenue Recognition

For the years ended December 31, 2024