Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 28

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 28
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valuation allowances of $ and $ as of December 31, 2024 and March 31, 2025, respectively. Full valuation allowances have been
provided where, based on all available evidence, management determined that deferred tax assets are not more likely than not to be realizable
in future tax years.

F-22 SUNCAR TECHNOLOGY GROUP INC NOTES TO UNAUDITEDCONDENSED CONSOLIDATED FINANCIAL STATEMENTS (In U.S. Dollar thousands, except share and per share data)

As of March 31, 2025, net operating loss carryforwards will expire,
if unused, in the following amounts:

| Remainder of 2025 |     | $ |   4,498 |
| 2026              |     |   |   5,134 |
| 2027              |     |   |  17,164 |
| 2028              |     |   |  14,144 |
| 2029              |     |   |   6,586 |
| 2030              |     |   |   2,246 |
| Infinite          |     |   |  83,721 |
| Total             |     | $ | 133,493 |

| 14. | NET LOSS PER SHARE |

The following table sets forth the basic and diluted
net loss per share computation and provides a reconciliation of the numerator and denominator for the periods presented:

| Numerator:                                                                      |     | For the three months ended 
 March 31,                  
 2024                       |            |   |     | 2025 |             |   |
|:--------------------------------------------------------------------------------|:----|:---------------------------|-----------:|:--|:----|:-----|------------:|:--|
| Net loss attributable to the company’s ordinary shareholders                    |     | $                          |     (3,267 | ) |     | $    |      (3,402 | ) |
| Numerator for basic and diluted net loss per share calculation                  |     | $                          |     (3,267 | ) |     | $    |      (3,402 | ) |
| Denominator:                                                                    |     |                            |            |   |     |      |             |   |
| Weighted average number of ordinary shares                                      |     |                            | 89,505,058 |   |     |      | 102,432,043 |   |
| Net loss attributable to the Company’s ordinary shareholders per ordinary share |