Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 281

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 281
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                   |       | $ |      527,784 |     | $ | 629,908 |
| Total assets held for sale |       | $ |      527,784 |     | $ | 629,908 |

Vehicles represent the vehicles held for sale in the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in Loss/(Gain) on sale of assets held for sale under Other (income)/expense of Condensed Consolidated Statements of Operations. During the three months and nine months ended December 31, 2024, total profit of $ 5,011and $ 7,861was recorded on sale of vehicles held for sale respectively (total loss of $ 9,940and $ 11,325for the three months and nine months ended December 31, 2023 respectively).

During the three and nine months ended December 31, 2024, the Company has recorded the impairment amount of $ 251,590and $ 251,590, respectively. During the three and nine months ended December 31, 2023, the Company has recorded the impairment amount of $ 165,216and $ 165,216, respectively. The impairment amount is included in ‘Impairment on assets held for sale’ under Other (income)/expense of Condensed Consolidated Statements of Operations.

| 11 | Property and equipment, net |

The components of property and equipment were as follows:

|                                | (In   
 USD)  
 As at |            | Estimated   
 useful life |   |   December 
        31, 
       2024 |   |     |   |      March 
        31, 
       2024 |   |
|:-------------------------------|:------|:-----------|:------------|:--|-----------:|:--|:----|:--|-----------:|:--|
| Devices                        |       | 3          
 - 5 years  |             | $ |  3,107,319 |   |     | $ |  3,274,998 |   |
| Computer equipments            |       | 2          
 - 7 years  |             |   |    550,939 |   |     |   |    603,864 |   |
| Office equipments              |       | 3          
 - 10 years |             |   |    229,025 |   |     |   |    245,545 |