Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 137

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 137
---
March 31, 

    2025  
    2024 
  
    Net (Loss) 
    $(25,622,302) 
    $(34,277,252)
  
    Add/ (deduct) 

    SPAC transaction closing costs 
     -  
     7,061,350 
  
    Stock-based compensation 
     52,461  
     1,883,733 
  
    Depreciation and amortization 
     433,906  
     1,001,621 
  
    Finance costs 
     8,607,173  
     13,898,735 
  
    Finance costs to related parties 
     -  
     38,203 
  
    Other expense/(income), net 
     7,785,291  
     (11,316,471)
  
    Other income from related parties 
     -  
     (11,224)
  
    Gain on troubled debt restructuring 
     (1,171,161) 
     - 
  
    Impairment of balances with government authorities 
     -  
     3,875,767 
  
    Adjusted EBITDA 
    $(9,914,632) 
    $(17,845,538)

Liquidity and Capital Resources

During the year ended March 31, 2025, and 2024 respectively, we generated
negative cash flows from operations of $9.08 million and $22.20 million, respectively, reflecting greater operating cost efficiencies
and reduced overhead expenditures in 2025. The Company incurred a net loss of $25.62 million and $34.28 million during the year ended
March 31, 2025, and 2024, respectively, and the accumulated deficit amounts to $333.17 million and $307.55 million as of March 31, 2025,
and 2024, respectively.

As of March 31, 2025, our
cash and cash equivalents totaled $1.08 million, consisting of cash on hand, fixed deposits, Restricted cash and cash equivalents included
under other non-current assets and other bank balances.

Our primary use of cash
is to fund our existing operations. If we have sufficient working capital, we will continue to invest in product development and in our
technology platform. We expect that our general and administrative expenses will be reduced on an absolute dollar basis due to