Zoomcar Holdings, Inc. (ZCAR) Form 10-Q — Aug 14, 2026
Zoomcar Holdings' 10-Q for the quarter ended June 30, 2026 discloses substantial doubt about its ability to continue as a going concern, with cash of just $405,441 against total liabilities of $38.9 million and negative working capital of $36.7 million. The company states its cash position is critically deficient and that critical payments to operational and financial creditors are not being made in the ordinary course of business. Quarterly revenue was essentially flat at $2.35 million, up about 1.7% year over year, while the net loss widened to $5.37 million from $4.21 million. The larger loss was driven by a $2.0 million payment to Aegis Capital Corp.
Key figures
- Revenue
- 2351329
- Revenue Yoy
- +1.7%
- Total Assets
- 3181071
- Cash Position
- 405441
- Shares Outstanding
- 8770836
- Finance Costs
- 1397779
- Total Liabilities
- 38913031
- Accumulated Deficit
- 353164517
- Atalaya Note Balance
- 6534456
- Series AUnits Issued
- 2323
- Negative Working Capital
- 36682494
- July2026 Convertible Note
- 120000
- Penalty On Unsecured Notes
- 391500
- Litigation Settlement Loss
- 1000432
- Sod Sciences Default Amount
- 70731
- Walsh Capital Note Principal
- 100000
- Atalaya Court Ordered Payment
- 5997833
- Liquidated Damages To Investors
- 128396
- Potentially Dilutive Securities
- 58975671
- Atalaya Settlement Equity Portion
- $3,500,000 plus accrued interest via future financing equity
- Bridge Notes Issued During Quarter
- 351531
- Aegis Contract Termination Payment
- 2000000
- Atalaya Settlement Cash Installment
- $2,500,000 due on or before October 31, 2026
- Warrants Exercisable For Common Shares
- 46450000
- Preferred Convertible Into Common Shares
- 46460000
- Series APrivate Placement Gross Proceeds
- 2323000
AI analysis
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