Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 904

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1C
Chunk 904
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     17,755 
  
    Indonesia 
     3,912  
     5,480 

    $9,105,891  
    $9,897,233 

Contract balances

The Company’s contract liabilities
for consideration collected prior to satisfying the performance obligations against scheduled trips is $450,355 and $619,381 as at March
31, 2025 and March 31, 2024 respectively.

The Company offers loyalty program,
Z-Points, that results in the deferral of revenue equivalent to the retail value at the date the points are earned. The Company had accumulated
deferred revenue amounting to $21,365 and $96,710 as at March 31, 2025 and March 31, 2024, respectively in relation to Loyalty program.

The total balance under contract liability
as at March 31, 2025 and March 31, 2024 is $471,720 and $716,091, respectively.

Revenue recognized during the year ended March 31, 2025 which was included
in contract liabilities balance at the beginning of the respective period amounts to $262,940 ($341,585 recognized during the year ended
March 31, 2024).

25Finance costs

The components of finance costs were as follows:

    (In USD) 
    March 31,  2025  
    March 31, 2024 
  
    Finance costs -other than related parties 

    Interest on vehicle loans 
    $293,430  
    $392,933 
  
    Interest on finance leases 
     550,903  
     625,523 
  
    Interest on subcontractor liability 
     91,891  
     93,869 
  
    Issuance cost towards issue of warrants 
     3,294,526  
     - 
  
    Change in fair value of preferred stock warrant liability 
     -  
     5,284,494 
  
    Discount on issue of Atalaya Note 
     -  
     632,595 
  
    Interest on redeemable promissory notes 
     1,995,967  
     - 
  
    Amortisation of discount and debt issuance cost on redeemable promissory notes 
     1,765,615  
     - 
  
    Change in fair value of Atalaya Note 
     -