2024 Q2 Form 10-K Financial Statement
#000121390024060948 Filed on July 12, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
Revenue | $2.241M | $2.180M | $9.897M |
YoY Change | 12.13% | ||
Cost Of Revenue | $1.512M | $1.890M | $10.33M |
YoY Change | -58.12% | -50.03% | |
Gross Profit | $728.7K | $290.1K | -$434.4K |
YoY Change | -120.18% | -96.33% | |
Gross Profit Margin | 32.52% | 13.31% | -4.39% |
Selling, General & Admin | $3.201M | $3.728M | $23.01M |
YoY Change | -38.19% | 18.44% | |
% of Gross Profit | 439.34% | 1285.08% | |
Research & Development | $901.8K | $837.9K | $4.346M |
YoY Change | -32.04% | -16.05% | |
% of Gross Profit | 123.75% | 288.83% | |
Depreciation & Amortization | $113.3K | $247.0K | $1.002M |
YoY Change | -55.64% | 35.28% | |
% of Gross Profit | 15.55% | 85.13% | |
Operating Expenses | $4.103M | $4.602M | $27.36M |
YoY Change | 379.78% | 313.5% | 11.18% |
Operating Profit | -$3.375M | -$4.312M | -$31.67M |
YoY Change | 294.58% | 287.44% | -13.13% |
Interest Expense | $980.0K | -$187.6K | $4.185M |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | -$48.05K | -$2.939M | -$10.29M |
YoY Change | |||
Pretax Income | -$2.532M | -$7.519M | -$34.28M |
YoY Change | 451.79% | 12677.01% | -44.74% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$2.532M | -$7.519M | -$34.28M |
YoY Change | 451.79% | 12676.79% | -44.74% |
Net Earnings / Revenue | -112.97% | -344.89% | -346.33% |
Basic Earnings Per Share | -$0.04 | -$2.05 | |
Diluted Earnings Per Share | -$0.04 | -$0.12 | -$2.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 75.27M shares | 62.87M shares | 16.73M shares |
Diluted Shares Outstanding | 16.73M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.601M | $1.795M | $1.795M |
YoY Change | 4311.05% | 3470.0% | 3489.28% |
Cash & Equivalents | $1.583M | $1.496M | |
Short-Term Investments | $17.29K | $298.5K | $298.5K |
Other Short-Term Assets | $379.5K | $523.7K | $2.303M |
YoY Change | 244.7% | 182.31% | 1138.02% |
Inventory | $41.00K | $2.000M | $9.370K |
Prepaid Expenses | $980.3K | $1.445M | |
Receivables | $164.5K | $194.2K | $194.2K |
Other Receivables | $504.0K | $427.7K | $758.8K |
Total Short-Term Assets | $4.256M | $5.060M | $5.060M |
YoY Change | 2807.12% | 2045.79% | 2043.94% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.367M | $1.559M | $2.850M |
YoY Change | -42.86% | ||
Goodwill | |||
YoY Change | |||
Intangibles | $9.615K | $18.39K | |
YoY Change | |||
Long-Term Investments | $75.11K | $91.95K | $91.95K |
YoY Change | -99.78% | -99.72% | -99.72% |
Other Assets | $817.5K | $808.7K | $676.3K |
YoY Change | 89.99% | ||
Total Long-Term Assets | $3.769M | $4.113M | $4.113M |
YoY Change | -88.9% | -87.56% | -87.56% |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.256M | $5.060M | $5.060M |
Total Long-Term Assets | $3.769M | $4.113M | $4.113M |
Total Assets | $8.025M | $9.173M | $9.173M |
YoY Change | -76.46% | -72.45% | -72.45% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $15.50M | $14.28M | $14.43M |
YoY Change | 114.42% | 105.89% | 108.1% |
Accrued Expenses | $310.6K | $365.5K | $365.5K |
YoY Change | |||
Deferred Revenue | $716.1K | ||
YoY Change | -8.96% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Long-Term Debt Due | $18.56M | $5.049M | $12.82M |
YoY Change | 256.64% | ||
Total Short-Term Liabilities | $38.10M | $31.30M | $31.30M |
YoY Change | 288.31% | 265.95% | 265.95% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $10.07M | |
YoY Change | |||
Other Long-Term Liabilities | $1.390M | $1.501M | $1.501M |
YoY Change | -88.51% | -87.59% | -87.59% |
Total Long-Term Liabilities | $1.390M | $0.00 | $11.57M |
YoY Change | -88.51% | -100.0% | -4.39% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $38.10M | $31.30M | $31.30M |
Total Long-Term Liabilities | $1.390M | $0.00 | $11.57M |
Total Liabilities | $39.49M | $42.86M | $42.86M |
YoY Change | 80.23% | 107.56% | 107.56% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$310.1M | -$307.6M | |
YoY Change | 1324.53% | 1406.33% | |
Common Stock | $276.9M | $272.1M | |
YoY Change | 1128.69% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$31.47M | -$33.69M | -$33.69M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.025M | $9.173M | $9.173M |
YoY Change | -76.46% | -72.45% | -72.45% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.532M | -$7.519M | -$34.28M |
YoY Change | 451.79% | 12676.79% | -44.74% |
Depreciation, Depletion And Amortization | $113.3K | $247.0K | $1.002M |
YoY Change | -55.64% | 35.28% | |
Cash From Operating Activities | -$1.776M | -$13.66M | -$22.20M |
YoY Change | 245.61% | 2867.87% | -38.79% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $81.43K | $142.7K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $317.0K | $144.3K | $143.5K |
YoY Change | -164.05% | -99.93% | -99.93% |
Cash From Investing Activities | $317.0K | $62.82K | $814.00 |
YoY Change | -164.05% | -99.97% | -99.98% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $17.10M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $1.561M | 8.998M | $20.20M |
YoY Change | 56.92% | -104.38% | 110.73% |
NET CHANGE | |||
Cash From Operating Activities | -$1.776M | -13.66M | -$22.20M |
Cash From Investing Activities | $317.0K | 62.82K | $814.00 |
Cash From Financing Activities | $1.561M | 8.998M | $20.20M |
Net Change In Cash | $102.0K | -4.597M | -$1.996M |
YoY Change | -828.93% | -11638.23% | -91.24% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.776M | -$13.66M | -$22.20M |
Capital Expenditures | $81.43K | $142.7K | |
Free Cash Flow | -$13.74M | -$22.34M | |
YoY Change |
Facts In Submission
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2024-03-31 | |
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--03-31 | |
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ZOOMCAR HOLDINGS, INC. | |
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Anjaneya Techno Park | |
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No.147 | |
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1st Floor Kodihalli | |
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Bangalore | |
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IN | |
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CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
20675611 | usd |
CY2024 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
4345748 | usd |
CY2023 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5176391 | usd |
CY2024 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
5767036 | usd |
CY2023 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
6734205 | usd |
CY2024 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17245096 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
12695839 | usd |
CY2024 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
3875767 | usd |
CY2024 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
41565242 | usd |
CY2023 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
45282046 | usd |
CY2024 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-31668009 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-36455840 | usd |
CY2024 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
13898735 | usd |
CY2023 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
27570752 | usd |
CY2024 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
38203 | usd |
CY2023 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
64844 | usd |
CY2024 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
11316472 | usd |
CY2023 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
2043556 | usd |
CY2024 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
11224 | usd |
CY2023 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
15804 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-34277251 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-62032076 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34277251 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62032076 | usd |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.05 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-128.52 | |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.05 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-128.52 | |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16727664 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
482681 | shares |
CY2024 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16727664 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
482681 | shares |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34277251 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62032076 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
37710 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1031760 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
48593 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-45373 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
21124 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
18290 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-32007 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
1058843 | usd |
CY2024 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-34309258 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-60973233 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34277251 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62032076 | usd |
CY2024 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1001621 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
740422 | usd |
CY2024 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1883733 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3610097 | usd |
CY2024 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
3875767 | usd |
CY2024 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
5284494 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-420245 | usd |
CY2024 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
6990870 | usd |
CY2023 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-944727 | usd |
CY2024 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
3448845 | usd |
CY2023 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
-9312177 | usd |
CY2024 | ioacu |
Change In Fair Value Of Derivative Financial Instruments
ChangeInFairValueOfDerivativeFinancialInstruments
|
-3465293 | usd |
CY2023 | ioacu |
Change In Fair Value Of Derivative Financial Instruments
ChangeInFairValueOfDerivativeFinancialInstruments
|
-14373856 | usd |
CY2024 | ioacu |
Change In Fair Value Of Unsecured Convertible Note
ChangeInFairValueOfUnsecuredConvertibleNote
|
1632996 | usd |
CY2024 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
632595 | usd |
CY2024 | ioacu |
Senior Subordinated Convertible Promissory Notes Issue Expenses
SeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
1564210 | usd |
CY2023 | ioacu |
Senior Subordinated Convertible Promissory Notes Issue Expenses
SeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
961628 | usd |
CY2023 | ioacu |
Gain On Termination Modification Of Finance Leases
GainOnTerminationModificationOfFinanceLeases
|
130719 | usd |
CY2024 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-82640 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-311375 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
-207706 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
|
1644650 | usd |
CY2024 | ioacu |
Assets Written Off
AssetsWrittenOff
|
90750 | usd |
CY2024 | ioacu |
Liabilities Written Back
LiabilitiesWrittenBack
|
382 | usd |
CY2024 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
13869 | usd |
CY2024 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
28427 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
54930 | usd |
CY2024 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-4943 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-7820 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-24948304 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-33910658 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-33030 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
88986 | usd |
CY2024 | ioacu |
Increase Decrease In Balances With Government Authorities
IncreaseDecreaseInBalancesWithGovernmentAuthorities
|
194278 | usd |
CY2023 | ioacu |
Increase Decrease In Balances With Government Authorities
IncreaseDecreaseInBalancesWithGovernmentAuthorities
|
-84059 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
872639 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
700318 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-181699 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-150220 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3587669 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
707572 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
43153 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-3063954 | usd |
CY2024 | us-gaap |
Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
|
27192 | usd |
CY2023 | us-gaap |
Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
|
72689 | usd |
CY2024 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-56670 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
479859 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-22199148 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-36269517 | usd |
CY2024 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
108158 | usd |
CY2023 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
88629 | usd |
CY2024 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
168761 | usd |
CY2023 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
102140 | usd |
CY2024 | ioacu |
Proceeds From Repayment Of Sale Of Property Plant And Equipment
ProceedsFromRepaymentOfSaleOfPropertyPlantAndEquipment
|
-34571 | usd |
CY2023 | ioacu |
Proceeds From Repayment Of Sale Of Property Plant And Equipment
ProceedsFromRepaymentOfSaleOfPropertyPlantAndEquipment
|
7160 | usd |
CY2024 | ioacu |
Proceeds From Sale Of Asset Held For Sale
ProceedsFromSaleOfAssetHeldForSale
|
121315 | usd |
CY2023 | ioacu |
Proceeds From Sale Of Asset Held For Sale
ProceedsFromSaleOfAssetHeldForSale
|
4035418 | usd |
CY2024 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
190989 | usd |
CY2023 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
52322 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
814 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3904131 | usd |
CY2024 | us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
13175025 | usd |
CY2023 | us-gaap |
Proceeds From Subordinated Short Term Debt
ProceedsFromSubordinatedShortTermDebt
|
8109954 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
10000000 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
7802010 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
1078050 | usd |
CY2024 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1231368 | usd |
CY2024 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2836626 | usd |
CY2024 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
5770630 | usd |
CY2024 | ioacu |
Payment Of Senior Subordinated Convertible Promissory Notes Issue Expenses
PaymentOfSeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
1564210 | usd |
CY2023 | ioacu |
Payment Of Senior Subordinated Convertible Promissory Notes Issue Expenses
PaymentOfSeniorSubordinatedConvertiblePromissoryNotesIssueExpenses
|
961628 | usd |
CY2024 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
1464539 | usd |
CY2023 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
5942961 | usd |
CY2024 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
526959 | usd |
CY2023 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1618551 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
20202013 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9586814 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1996321 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-22778572 | usd |
CY2024 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-194276 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-318478 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3686741 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26783791 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1496144 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3686741 | usd |
CY2024Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
1496144 | usd |
CY2023Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
3686741 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1496144 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3686741 | usd |
CY2024 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-95839 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-100845 | usd |
CY2024 | us-gaap |
Interest Paid Net
InterestPaidNet
|
431136 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
690575 | usd |
CY2024 | ioacu |
Issue Of Common Stock Upon Conversion Of Senior Subordinated Convertible Promissory Notes
IssueOfCommonStockUponConversionOfSeniorSubordinatedConvertiblePromissoryNotes
|
27148313 | usd |
CY2024 | ioacu |
Non Cash Liabilities Assumed In The Reverse Recapitalization
NonCashLiabilitiesAssumedInTheReverseRecapitalization
|
17100000 | usd |
CY2024 | ioacu |
Warrants Issued On Completion Of Reverse Recapitialization
WarrantsIssuedOnCompletionOfReverseRecapitialization
|
7538708 | usd |
CY2024 | ioacu |
Issue Of Common Stock Upon Conversion Of Convertible Promissory Notes
IssueOfCommonStockUponConversionOfConvertiblePromissoryNotes
|
3953856 | usd |
CY2024 | ioacu |
Assumption Of Unsecured Promissory Note On Reverse Recapitalization
AssumptionOfUnsecuredPromissoryNoteOnReverseRecapitalization
|
3259208 | usd |
CY2024 | ioacu |
Issue Of Common Stock To Vendors Against Services
IssueOfCommonStockToVendorsAgainstServices
|
1952000 | usd |
CY2024 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
31 | usd |
CY2024 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">1.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Organization, Business operation and Going concern.</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Zoomcar Holdings, Inc. <i>(formerly “Innovative International Acquisition Corp”) </i>a Delaware corporation provides mobility solutions to consumers and businesses. The accompanying consolidated financial statements include the accounts and transactions of Zoomcar Holdings, Inc. and its subsidiaries (collectively, the “Company” or “the combined entity” or “Zoomcar”). The Company operates its facilitation services as well as rental business under the Zoomcar brand with its operations in India, Indonesia, and Egypt.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt -0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">On December 28, 2023 (the “Closing Date”), pursuant to a Merger Agreement dated October 13, 2022 by and among Innovative International Acquisition Corp (“IOAC” or “SPAC”), Innovative International Merger Sub, Inc. and Zoomcar, Inc., the parties consummated the merger of Innovative International Merger Sub, Inc. with and into Zoomcar, Inc., with Zoomcar, Inc., continuing as the surviving corporation (the “Merger”), as well as the other transactions contemplated by the Merger Agreement (the Merger and such other transactions, the “Reverse Recapitalization”). In connection with the closing (the “Closing”) of the Reverse Recapitalization, Zoomcar, Inc. became a wholly owned subsidiary of IOAC and IOAC changed its name to Zoomcar Holdings, Inc., and all of Zoomcar, Inc. common stock, convertible preferred stock and convertible notes automatically converted into shares of the Company’s common stock having a par value of $ 0.0001 per share. The Company’s Common Stock and Warrants commenced trading on the Nasdaq Global Market (“Nasdaq”) under the symbols “ZCAR” and “ZCARW,” respectively, on December 28, 2023. Refer to Note 3 to these consolidated financial statements for more information on the Reverse Recapitalization.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt -0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Zoomcar, Inc., determined that it was the accounting acquirer in the Reverse Recapitalization based on an analysis of the criteria outlined in ASC 805, Business Combinations. The determination was primarily based on the following facts:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span>◾</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Zoomcar, Inc’s shareholders, prior to the Reverse Recapitalization, have the largest voting interest in the post-combination Company;</span></td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span>◾</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Zoomcar, Inc., prior to the Closing, appointed the majority of the Company’s Board of Directors (effective upon the Reverse Recapitalization, the Company’s Board consists of seven directors, including two directors designated by IOAC prior to the Closing and five directors designated by Zoomcar, Inc., prior to the Closing; four of the Company’s directors immediately after the Closing have been determined to be independent within the meaning of the independent director standards of the Securities and Exchange Commission and The Nasdaq Stock Market LLC);</span></td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span>◾</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The executive officers of Zoomcar, Inc. became the initial executive officers of the Company after the Reverse Recapitalization;</span></td> </tr></table> <p style="margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span>◾</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Zoomcar, Inc., is the larger entity, in terms of substantive operations and employee base;</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span>◾</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Zoomcar, Inc., will comprise the ongoing operations of the combined entity; and</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span>◾</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The combined entity will continue under the name of Zoomcar Holdings, Inc.</span></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 117.05pt 0pt 116.15pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Accordingly, for accounting purposes, the Reverse Recapitalization was treated as the equivalent of Zoomcar, Inc., issuing stock for the net assets of IOAC. The primary asset acquired from IOAC was cash that was assumed. Separately, the Company also assumed warrants that were reclassified to equity upon close of the Reverse Recapitalization. No goodwill or other intangible assets were recorded as a result of the Reverse Recapitalization.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">While IOAC was the legal acquirer in the Reverse Recapitalization, because Zoomcar, Inc., was deemed to be the accounting acquirer, the historical financial statements of Zoomcar, Inc., became the historical financial statements of the combined entity upon the consummation of the Reverse Recapitalization. As a result, the financial statements included in this report reflect (i) the historical operating results of Zoomcar, Inc., prior to the Reverse Recapitalization; (ii) the results of the combined entity following the Closing of the Reverse Recapitalization; (iii) sum of the assets and liabilities of both Zoomcar, Inc., and the SPAC at their historical cost; and (iv) the combined entity’s equity structure for all periods presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify; text-indent: 2.5pt"><span style="font-family: Times New Roman, Times, Serif">The equity structure has been recast in all comparative periods up to the Closing date to reflect the number of shares of the Company’s Common Stock, $0.0001 par value per share, issued to Zoomcar, Inc. shareholders in connection with the Reverse Recapitalization. As such, the shares and corresponding capital amounts and income per share related to Zoomcar, Inc. Common Stock prior to the Reverse Recapitalization have been retroactively recast as shares reflecting the exchange ratio of 0.0284 established in the Reverse Recapitalization.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Going concern</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP and the rules and regulations of the SEC. The consolidated financial statements have been prepared using U.S. GAAP applicable to a going concern that contemplates the realization of assets and settlement of liabilities in the normal course of business. The Company incurred a net loss of $34,277,251 and $62,032,076 during the year ended March 31, 2024 and 2023 respectively, and cash used in operations was $22,199,148 and $36,269,517 for the years ended on March 31, 2024 and 2023 respectively. The Company’s accumulated deficit amounts to $307,551,501 and $270,002,281 as of March 31, 2024 and 2023 respectively. The Company has negative working capital of $26,236,359 (inclusive of cash received in merger transaction). In addition, the Company’s cash position is critically deficient and critical payments to the operational and financial creditors of the Company are not being made in the ordinary course of business, all of which raises substantial doubt about the Company’s ability to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The Company expects to continue to incur net losses and have significant cash outflows from operating activities for at least the next 12 months. Management has evaluated the significance of the conditions described above in relation to the Company’s ability to meet its obligations and concluded that, without additional funding, the Company will not have sufficient funds to meet its obligations within one year from the date the Consolidated Financial Statements are issued. Management’s plans with respect to these adverse financial conditions that caused management to express substantial doubt about the Company’s ability to continue as a going concern are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">(a) In June 2024, the Company has entered into a letter agreement with Aegis Capital Corp. (“Aegis”) pursuant which will act as a placement agent to the Company in connection with a proposed private placement of up to $30 million of securities of the Company which consists of Company’s Series A Preferred Stock and Series A warrants. However, this Agreement does not ensure the successful placement of securities of the Company or the success of Aegis with respect to securing any financing on behalf of the Company. The Company has not raised any funds pursuant to this agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">(b) On June 18, 2024, the Company executed a securities purchase agreement with shareholders. As part of this agreement, the Company issued and sold $3.6 million in principal amount of notes and warrants to purchase up to 52,966,102 shares of the Company’s Common Stock. The gross proceeds received from this transaction were $3.0 million.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">There can be no assurance that the Company will be able to achieve its business plan, raise any additional capital or secure the additional financing necessary to implement its current operating plan. The ability of the Company to continue as a going concern is dependent upon its ability to increase its revenues and eventually achieve profitable operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</span></p> | |
CY2024 | ioacu |
Board Of Directors
BoardOfDirectors
|
five | |
CY2024 | ioacu |
Exchange Ratio Of Reverse Recapitalization
ExchangeRatioOfReverseRecapitalization
|
0.0284 | pure |
CY2024 | us-gaap |
Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
|
34277251 | usd |
CY2023 | us-gaap |
Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
|
62032076 | usd |
CY2024Q1 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
22199148 | usd |
CY2023Q1 | us-gaap |
Investments And Cash
InvestmentsAndCash
|
36269517 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-307551501 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-270002281 | usd |
CY2024 | ioacu |
Working Capital
WorkingCapital
|
26236359 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
30000000 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-left: 0.25in; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iii. </span><span style="font-family: Times New Roman, Times, Serif">Use of estimates and assumptions</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The use of estimates and assumptions as determined by management is required in the preparation of the consolidated financial statements in conformity with US GAAP. These estimates are based on management’s evaluation of historical trends and other information available when the consolidated financial statements are prepared and may affect the amounts reported and related disclosures. Actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Estimates and underlying assumptions are reviewed on an ongoing basis.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The significant estimates, judgments and assumptions that affect the consolidated financial statements include, but are not limited to; are:</span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">a.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Estimation of defined benefit obligation</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">b.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Estimation of useful lives and residual values of property, plant & equipment and intangible assets</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">c.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Fair value measurement of financial instruments</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">d.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Fair value measurement of share based payments</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">e.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Leases – assumption to determine the incremental borrowing rate</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">f.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Valuation allowance on deferred tax assets</span></td> </tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif">g.</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Estimation of utilization of balances with government authorities</span></td> </tr></table> | |
CY2024Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
96710 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
260705 | usd |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-left: 0.25in; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">xi. </span><span style="font-family: Times New Roman, Times, Serif">Concentration of credit risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Cash and cash equivalents, investments, other receivables, and accounts receivable are potentially subject to credit risk concentration. The Company has not experienced any material losses related to these concentrations during the years presented. No customers accounted for 10% or more of revenue for the years ended March 31, 2024 and 2023.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> | |
CY2024Q1 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P5Y | |
CY2024Q1 | ioacu |
Number Of Kilometer For Disposal Vehicles
NumberOfKilometerForDisposalVehicles
|
120000 | kilometers |
CY2024Q1 | ioacu |
Number Of Kilometer For Disposal Vehicles
NumberOfKilometerForDisposalVehicles
|
75000 | miles |
CY2024 | ioacu |
Fair Value Percentage Of The Asset
FairValuePercentageOfTheAsset
|
0.90 | pure |
CY2024 | us-gaap |
Advertising Expense
AdvertisingExpense
|
4479219 | usd |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
3329731 | usd |
CY2023 | ioacu |
Net Gain Or Loss Exceeds Percent
NetGainOrLossExceedsPercent
|
0.10 | pure |
CY2024 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: bold 10pt Times New Roman, Times, Serif; margin-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">xxix. </span><span style="font-family: Times New Roman, Times, Serif">Reclassification</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">Certain prior year amounts have been reclassified to conform with current year presentation. These changes did not have any effect on net loss, stockholder’s equity, the Consolidated Statement of Operations or the net change in cash and cash equivalents in the Consolidated Statement of Cashflows.</span></p> | |
CY2024 | ioacu |
Net Proceeds Of Common Stock
NetProceedsOfCommonStock
|
5770630 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
17100000 | usd |
CY2024 | us-gaap |
Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
|
3259208 | usd |
CY2024Q1 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
10947805 | usd |
CY2024Q1 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
20000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024 | ioacu |
Reverse Recapitalization Exchange Ratio
ReverseRecapitalizationExchangeRatio
|
0.0284 | pure |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
11500000 | shares |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
|
1 | shares |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
5.71 | |
CY2023Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
3 | |
CY2023Q4 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5000000 | usd |
CY2024 | us-gaap |
Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
|
27327481 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
9192377 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
2738172 | shares |
CY2024 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
3617333 | shares |
CY2024 | ioacu |
Reverse Recapitalization Shares
ReverseRecapitalizationShares
|
42875363 | shares |
CY2024Q1 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
1495097 | usd |
CY2023Q1 | us-gaap |
Cash And Due From Banks
CashAndDueFromBanks
|
3657580 | usd |
CY2023Q1 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
15633 | usd |
CY2024Q1 | us-gaap |
Cash
Cash
|
1047 | usd |
CY2023Q1 | us-gaap |
Cash
Cash
|
13528 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1496144 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3686741 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
207971 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
255175 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
13774 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
194197 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
255175 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
13774 | usd |
CY2024Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
4277019 | usd |
CY2023Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
3962822 | usd |
CY2024Q1 | ioacu |
Impairment Charges
ImpairmentCharges
|
-3849317 | usd |
CY2024Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
427702 | usd |
CY2023Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
3962822 | usd |
CY2023Q1 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
196483 | usd |
CY2024Q1 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
18126 | usd |
CY2023Q1 | us-gaap |
Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
|
51838 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
18126 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
248321 | usd |
CY2024Q1 | ioacu |
Impairment Charges
ImpairmentCharges
|
-3849317 | usd |
CY2024Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
98813 | usd |
CY2023Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
53585 | usd |
CY2024Q1 | ioacu |
Franchise Tax Refund Receivable
FranchiseTaxRefundReceivable
|
84490 | usd |
CY2024Q1 | ioacu |
Advance To Employees
AdvanceToEmployees
|
15159 | usd |
CY2023Q1 | ioacu |
Advance To Employees
AdvanceToEmployees
|
67997 | usd |
CY2024Q1 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
90244 | usd |
CY2023Q1 | us-gaap |
Receivables From Customers
ReceivablesFromCustomers
|
578523 | usd |
CY2024Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
9094 | usd |
CY2023Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
105837 | usd |
CY2024Q1 | us-gaap |
Supplies
Supplies
|
9370 | usd |
CY2023Q1 | us-gaap |
Supplies
Supplies
|
88115 | usd |
CY2024Q1 | us-gaap |
Other Receivables
OtherReceivables
|
216576 | usd |
CY2023Q1 | us-gaap |
Other Receivables
OtherReceivables
|
256152 | usd |
CY2024Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
523746 | usd |
CY2023Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
1150209 | usd |
CY2024Q1 | ioacu |
Assets Held For Sale Vehicles Current
AssetsHeldForSaleVehiclesCurrent
|
629908 | usd |
CY2023Q1 | ioacu |
Assets Held For Sale Vehicles Current
AssetsHeldForSaleVehiclesCurrent
|
923176 | usd |
CY2024Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
629908 | usd |
CY2023Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
923176 | usd |
CY2024 | ioacu |
Gain Loss On Disposition Of Vehicles Held For Sale
GainLossOnDispositionOfVehiclesHeldForSale
|
40293 | usd |
CY2023 | ioacu |
Gain Loss On Disposition Of Vehicles Held For Sale
GainLossOnDispositionOfVehiclesHeldForSale
|
1737794 | usd |
CY2024 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
167413 | usd |
CY2023 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
93144 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4131805 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4738703 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
2572825 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
2010180 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1558980 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2728523 | usd |
CY2024Q1 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
4117406 | usd |
CY2023Q1 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
4179272 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1558980 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2728523 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
994640 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
699091 | usd |
CY2024 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
828111 | usd |
CY2023 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
337010 | usd |
CY2024 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
166529 | usd |
CY2023 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
362081 | usd |
CY2023 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
3298 | usd |
CY2024 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
625523 | usd |
CY2023 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
844424 | usd |
CY2024 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
516219 | usd |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
540908 | usd |
CY2024 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
423693 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
181337 | usd |
CY2024 | us-gaap |
Lease Cost
LeaseCost
|
1565435 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
1569967 | usd |
CY2024 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
441843 | usd |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
485453 | usd |
CY2024 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
526959 | usd |
CY2023 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
1618551 | usd |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1575468 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1290608 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1694201 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
365542 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
466669 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1009681 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1284755 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1375223 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1751424 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
5923555 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
6012559 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
4117406 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
4179272 | usd |
CY2024 | us-gaap |
Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
|
-1806149 | usd |
CY2023 | us-gaap |
Finance Lease Impairment Loss
FinanceLeaseImpairmentLoss
|
-1833287 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
5738239 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
1257423 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
5098262 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
5738239 | usd |
CY2023Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
6355685 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P58M | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P63M | |
CY2024Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P30M | |
CY2023Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P41M | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.13 | pure |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.13 | pure |
CY2024Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.09 | pure |
CY2023Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.10 | pure |
CY2024 | us-gaap |
Payments For Rent
PaymentsForRent
|
66915 | usd |
CY2024Q1 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
363545 | usd |
CY2023Q1 | us-gaap |
Lease Deposit Liability
LeaseDepositLiability
|
369007 | usd |
CY2024Q1 | us-gaap |
Short Term Lease Commitment Amount
ShortTermLeaseCommitmentAmount
|
5692363 | usd |
CY2024 | ioacu |
Equated Monthly Instalment Interest Rate On Overdue
EquatedMonthlyInstalmentInterestRateOnOverdue
|
0.01 | pure |
CY2024 | ioacu |
Equated Monthly Instalment Overdue Amount
EquatedMonthlyInstalmentOverdueAmount
|
43063 | usd |
CY2024 | ioacu |
Equated Monthly Instalment Interest Rate On Unpaid Overdue
EquatedMonthlyInstalmentInterestRateOnUnpaidOverdue
|
0.015 | pure |
CY2024 | ioacu |
Overdue Unpaid Term Of Contract
OverdueUnpaidTermOfContract
|
P60D | |
CY2024 | ioacu |
Outstanding Debt Due And Payable
OutstandingDebtDueAndPayable
|
1200000 | usd |
CY2024 | ioacu |
Outstanding Debt Due And Payable
OutstandingDebtDueAndPayable
|
10000000 | inr |
CY2024 | ioacu |
Percentage Of Debt Due And Payable Interest
PercentageOfDebtDueAndPayableInterest
|
0.015 | pure |
CY2024 | ioacu |
Conditional Waiver
ConditionalWaiver
|
1200000 | usd |
CY2024 | ioacu |
Percentage Of Interest Charge
PercentageOfInterestCharge
|
0.15 | pure |
CY2024Q1 | us-gaap |
Finite Lived Contractual Rights Gross
FiniteLivedContractualRightsGross
|
33033 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
14640 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
18393 | usd |
CY2023Q1 | us-gaap |
Finite Lived Contractual Rights Gross
FiniteLivedContractualRightsGross
|
140181 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
106769 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
33412 | usd |
CY2024 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
6981 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
41331 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
6575 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
10581 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
6575 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
10054 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
5050 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
7048 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
193 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
5347 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
382 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
18393 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
33412 | usd |
CY2024Q1 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
350149 | usd |
CY2023Q1 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
425669 | usd |
CY2024Q1 | ioacu |
Other Receivables Non Current
OtherReceivablesNonCurrent
|
458590 | usd |
CY2024Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
808739 | usd |
CY2023Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
425669 | usd |
CY2024Q1 | us-gaap |
Deposit Assets
DepositAssets
|
130238 | usd |
CY2024 | us-gaap |
Litigation Settlement Interest
LitigationSettlementInterest
|
25804 | usd |
CY2024Q1 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
5049483 | usd |
CY2023Q1 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
2470748 | usd |
CY2023Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3039200 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
5049483 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
5049483 | usd |
CY2023Q1 | us-gaap |
Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
|
10944727 | usd |
CY2023Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
10944727 | usd |
CY2024 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
6990870 | usd |
CY2023 | ioacu |
Change In Fair Value Of Convertible Promissory Notes
ChangeInFairValueOfConvertiblePromissoryNotes
|
-944727 | usd |
CY2023Q1 | us-gaap |
Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
|
10944727 | usd |
CY2024Q1 | ioacu |
Unsecured Promissory Note To Related Parties
UnsecuredPromissoryNoteToRelatedParties
|
2027840 | usd |
CY2023Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
31795988 | usd |
CY2023 | ioacu |
Warrants And Placement Agents Issued
WarrantsAndPlacementAgentsIssued
|
8109954 | usd |
CY2024 | ioacu |
Warrants And Placement Agents Issued
WarrantsAndPlacementAgentsIssued
|
13175027 | usd |
CY2024 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
3448845 | usd |
CY2023 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
-9312177 | usd |
CY2023Q1 | us-gaap |
Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
|
17422132 | usd |
CY2024 | ioacu |
Fair Value Adjustment Of Warrant
FairValueAdjustmentOfWarrant
|
6571082 | usd |
CY2024 | ioacu |
Warrant Expiry Period
WarrantExpiryPeriod
|
P5Y | |
CY2024 | ioacu |
Percentage Of Warrant Purchase
PercentageOfWarrantPurchase
|
0.10 | pure |
CY2024 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
5284494 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-420245 | usd |
CY2024Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
11500000 | shares |
CY2024 | ioacu |
Warrants Received
WarrantsReceived
|
39057679 | shares |
CY2024Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
10067601 | usd |
CY2024 | ioacu |
Fair Value Option Changes In Fair Value
FairValueOptionChangesInFairValue
|
1632996 | usd |
CY2024Q1 | ioacu |
Percentage Of Discount On Principal Amount
PercentageOfDiscountOnPrincipalAmount
|
0.075 | pure |
CY2024Q1 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.08 | pure |
CY2024 | ioacu |
Percentage Of Discount
PercentageOfDiscount
|
0.075 | pure |
CY2024 | us-gaap |
Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
|
10 | |
CY2024Q1 | ioacu |
Unrestricted Shares
UnrestrictedShares
|
164000 | shares |
CY2024 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
492000 | usd |
CY2024Q1 | ioacu |
Payable To Renters
PayableToRenters
|
576052 | usd |
CY2023Q1 | ioacu |
Payable To Renters
PayableToRenters
|
647283 | usd |
CY2024Q1 | ioacu |
Statutory Dues Payable
StatutoryDuesPayable
|
1550688 | usd |
CY2023Q1 | ioacu |
Statutory Dues Payable
StatutoryDuesPayable
|
1583639 | usd |
CY2024Q1 | ioacu |
Capital Creditor
CapitalCreditor
|
5936 | usd |
CY2023Q1 | ioacu |
Capital Creditor
CapitalCreditor
|
88484 | usd |
CY2024Q1 | ioacu |
Employee Benefit Expenses Payables
EmployeeBenefitExpensesPayables
|
320360 | usd |
CY2023Q1 | ioacu |
Employee Benefit Expenses Payables
EmployeeBenefitExpensesPayables
|
379167 | usd |
CY2024Q1 | ioacu |
Other Liabilities Currents
OtherLiabilitiesCurrents
|
330582 | usd |
CY2023Q1 | ioacu |
Other Liabilities Currents
OtherLiabilitiesCurrents
|
234459 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2783618 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
2933032 | usd |
CY2024 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one | |
CY2024 | ioacu |
Stock Exchange Ratio
StockExchangeRatio
|
0.0284 | pure |
CY2024 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
9192377 | shares |
CY2024 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
9192377 | shares |
CY2024 | ioacu |
Outstanding Principal And Interest
OutstandingPrincipalAndInterest
|
10715068 | usd |
CY2024 | ioacu |
Cash Amount In Consideration
CashAmountInConsideration
|
5000000 | usd |
CY2024Q1 | us-gaap |
Shares Issued
SharesIssued
|
2866666 | shares |
CY2024 | us-gaap |
Recapitalization Costs
RecapitalizationCosts
|
17100000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
140136788 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
99309415 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
168974437 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
168974437 | usd |
CY2024 | us-gaap |
Acquisition Cost Ratio
AcquisitionCostRatio
|
0.000284 | pure |
CY2024 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9897233 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8826206 | usd |
CY2024 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9897233 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
8826206 | usd |
CY2024 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
640173 | usd |
CY2023 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
786572 | usd |
CY2024 | ioacu |
Customer Advances
CustomerAdvances
|
177590 | usd |
CY2024 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
341585 | usd |
CY2023 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
77226 | usd |
CY2024 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
5284494 | usd |
CY2024 | ioacu |
Discount On Issue Of Unsecured Convertible Note
DiscountOnIssueOfUnsecuredConvertibleNote
|
632595 | usd |
CY2024 | ioacu |
Chanages In Fair Valueof Finance Cost Convertible Note
ChanagesInFairValueofFinanceCostConvertibleNote
|
1632996 | usd |
CY2023 | ioacu |
Change In Fair Value Of Sscpn
ChangeInFairValueOfSSCPN
|
9312177 | usd |
CY2023Q1 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
944727 | usd |
CY2024 | ioacu |
Change In Fair Value Of Derivative Financial Instrument
ChangeInFairValueOfDerivativeFinancialInstrument
|
3465293 | usd |
CY2023 | ioacu |
Change In Fair Value Of Derivative Financial Instrument
ChangeInFairValueOfDerivativeFinancialInstrument
|
14373856 | usd |
CY2024 | us-gaap |
Notes Issued1
NotesIssued1
|
1564210 | usd |
CY2023 | us-gaap |
Notes Issued1
NotesIssued1
|
961628 | usd |
CY2024 | ioacu |
Bank Charges
BankCharges
|
33933 | usd |
CY2023 | ioacu |
Bank Charges
BankCharges
|
85434 | usd |
CY2024 | ioacu |
Other Borrowings Costs
OtherBorrowingsCosts
|
172889 | usd |
CY2023 | ioacu |
Other Borrowings Costs
OtherBorrowingsCosts
|
331533 | usd |
CY2024 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
13898735 | usd |
CY2023 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
27570752 | usd |
CY2024 | ioacu |
Interest On Vehicle Loans
InterestOnVehicleLoans
|
38203 | usd |
CY2023 | ioacu |
Interest On Vehicle Loans
InterestOnVehicleLoans
|
64844 | usd |
CY2024 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
38203 | usd |
CY2023 | ioacu |
Finance Costs To Related Parties
FinanceCostsToRelatedParties
|
64844 | usd |
CY2024 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-36687 | usd |
CY2023 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-13097 | usd |
CY2024 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
-6990870 | usd |
CY2024 | ioacu |
Change In Fair Value Of Senior Subordinated Convertible Promissory Notes
ChangeInFairValueOfSeniorSubordinatedConvertiblePromissoryNotes
|
3448845 | usd |
CY2023 | ioacu |
Gain On Termination Modification Of Finance Leases
GainOnTerminationModificationOfFinanceLeases
|
130719 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-420245 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
82640 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
311375 | usd |
CY2024 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
207706 | usd |
CY2023 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
-1644650 | usd |
CY2024 | us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
19611 | usd |
CY2023 | us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
313584 | usd |
CY2024 | ioacu |
Loss On Assets Written Off
LossOnAssetsWrittenOff
|
92462 | usd |
CY2024 | ioacu |
Provision Written Back
ProvisionWrittenBack
|
113324 | usd |
CY2024 | ioacu |
Other Expenses Net
OtherExpensesNet
|
1129165 | usd |
CY2023 | ioacu |
Other Expenses Net
OtherExpensesNet
|
459804 | usd |
CY2024 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-11316472 | usd |
CY2023 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-2043556 | usd |
CY2024 | ioacu |
Interest Income From Related Parties
InterestIncomeFromRelatedParties
|
11224 | usd |
CY2023 | ioacu |
Interest Income From Related Parties
InterestIncomeFromRelatedParties
|
15804 | usd |
CY2024 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
11224 | usd |
CY2023 | ioacu |
Other Income From Related Parties
OtherIncomeFromRelatedParties
|
15804 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-11618649 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-28261210 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-22658602 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
-33770866 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-34277251 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-62032076 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-34277251 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-62032076 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Tax Settlements Domestic
IncomeTaxReconciliationTaxSettlementsDomestic
|
-7198223 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Tax Settlements Domestic
IncomeTaxReconciliationTaxSettlementsDomestic
|
-13026736 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.015 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.021 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
|
-0.015 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
|
-0.021 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.236 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.231 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.026 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.021 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2024Q1 | ioacu |
Unused Tax Losses
UnusedTaxLosses
|
43561639 | usd |
CY2023Q1 | ioacu |
Unused Tax Losses
UnusedTaxLosses
|
6692473 | usd |
CY2024Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
42746513 | usd |
CY2024 | us-gaap |
Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
|
129027 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
|
130966 | usd |
CY2024 | ioacu |
Non Deduction Of Tax Interest
NonDeductionOfTaxInterest
|
45784 | usd |
CY2023 | ioacu |
Non Deduction Of Tax Interest
NonDeductionOfTaxInterest
|
46472 | usd |
CY2024 | ioacu |
Non Deduction Of Tax Penalty
NonDeductionOfTaxPenalty
|
129027 | usd |
CY2024 | ioacu |
Disallowance Of Lease Payment Interest And Prior Period Expense
DisallowanceOfLeasePaymentInterestAndPriorPeriodExpense
|
1159108 | usd |
CY2023 | ioacu |
Disallowance Of Lease Payment Interest And Prior Period Expense
DisallowanceOfLeasePaymentInterestAndPriorPeriodExpense
|
1176524 | usd |
CY2024 | ioacu |
Disallowance Of Lease Payment And Pf Contribution
DisallowanceOfLeasePaymentAndPFContribution
|
2123071 | usd |
CY2023 | ioacu |
Disallowance Of Lease Payment And Pf Contribution
DisallowanceOfLeasePaymentAndPFContribution
|
2154971 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
44873459 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
35315394 | usd |
CY2024Q1 | ioacu |
Deferred Tax Assets Depreciation On Property Plant And Equipment And Intangible Assets
DeferredTaxAssetsDepreciationOnPropertyPlantAndEquipmentAndIntangibleAssets
|
149905 | usd |
CY2023Q1 | ioacu |
Deferred Tax Assets Depreciation On Property Plant And Equipment And Intangible Assets
DeferredTaxAssetsDepreciationOnPropertyPlantAndEquipmentAndIntangibleAssets
|
431669 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
45023364 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
35747063 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
43709941 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
34877803 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
1313423 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
869260 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
322652 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
440418 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
361674 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
342678 | usd |
CY2024Q1 | ioacu |
Deferred Tax Liabilities Borrowings
DeferredTaxLiabilitiesBorrowings
|
629097 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
86164 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
1313423 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
869260 | usd |
CY2024 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
3656879 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-34277251 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62032076 | usd |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16727664 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
482681 | shares |
CY2024 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
16727664 | shares |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
482681 | shares |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.05 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-128.52 | |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.05 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-128.52 | |
CY2024 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
24678221 | shares |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
4286699 | shares |
CY2024Q1 | ioacu |
Gratuity
Gratuity
|
93967 | usd |
CY2023Q1 | ioacu |
Gratuity
Gratuity
|
70872 | usd |
CY2024Q1 | us-gaap |
Compensated Absences Liability
CompensatedAbsencesLiability
|
89688 | usd |
CY2023Q1 | us-gaap |
Compensated Absences Liability
CompensatedAbsencesLiability
|
75134 | usd |
CY2024Q1 | ioacu |
Pension And Other Postretirement Defined Benefit
PensionAndOtherPostretirementDefinedBenefit
|
183655 | usd |
CY2023Q1 | ioacu |
Pension And Other Postretirement Defined Benefit
PensionAndOtherPostretirementDefinedBenefit
|
146006 | usd |
CY2024Q1 | ioacu |
Gratuity Non Current
GratuityNonCurrent
|
258524 | usd |
CY2023Q1 | ioacu |
Gratuity Non Current
GratuityNonCurrent
|
215841 | usd |
CY2024Q1 | ioacu |
Compensated Absences Liability Non Current
CompensatedAbsencesLiabilityNonCurrent
|
232925 | usd |
CY2023Q1 | ioacu |
Compensated Absences Liability Non Current
CompensatedAbsencesLiabilityNonCurrent
|
222967 | usd |
CY2024Q1 | ioacu |
Non Current Pension And Other Employee Obligation
NonCurrentPensionAndOtherEmployeeObligation
|
491449 | usd |
CY2023Q1 | ioacu |
Non Current Pension And Other Employee Obligation
NonCurrentPensionAndOtherEmployeeObligation
|
438808 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
286714 | usd |
CY2022Q1 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
341727 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
96167 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
97679 | usd |
CY2024 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
17541 | usd |
CY2023 | us-gaap |
Interest Costs Incurred
InterestCostsIncurred
|
18405 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
48593 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
|
-45373 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
|
91798 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
|
100528 | usd |
CY2024 | us-gaap |
Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
|
4725 | usd |
CY2023 | us-gaap |
Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
|
25196 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
352492 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
286714 | usd |
CY2024Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
93967 | usd |
CY2023Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
|
70872 | usd |
CY2024Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
258524 | usd |
CY2023Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
215841 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
352492 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
|
286714 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
|
260054 | usd |
CY2023Q1 | us-gaap |
Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
|
202036 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
48593 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-45373 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
21124 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
|
18290 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
69717 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
-27083 | usd |
CY2024 | ioacu |
Actuarialgainloss Due To Demographic Assumption Changes In Defined Benefit Obligation
ActuarialgainlossDueToDemographicAssumptionChangesInDefinedBenefitObligation
|
-4289 | usd |
CY2023 | ioacu |
Actuarialgainloss Due To Demographic Assumption Changes In Defined Benefit Obligation
ActuarialgainlossDueToDemographicAssumptionChangesInDefinedBenefitObligation
|
-11440 | usd |
CY2024 | ioacu |
Actuarialgain Loss Due To Financial Assumption Changes In Defined Benefit Obligation
ActuarialgainLossDueToFinancialAssumptionChangesInDefinedBenefitObligation
|
1977 | usd |
CY2023 | ioacu |
Actuarialgain Loss Due To Financial Assumption Changes In Defined Benefit Obligation
ActuarialgainLossDueToFinancialAssumptionChangesInDefinedBenefitObligation
|
-7033 | usd |
CY2024 | ioacu |
Actuarialgainloss Due To Experience On Defined Benefit Obligation
ActuarialgainlossDueToExperienceOnDefinedBenefitObligation
|
50904 | usd |
CY2023 | ioacu |
Actuarialgainloss Due To Experience On Defined Benefit Obligation
ActuarialgainlossDueToExperienceOnDefinedBenefitObligation
|
-26900 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
48592 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
-45373 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
|
139965 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
|
98130 | usd |
CY2024 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
432936 | usd |
CY2023 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
622401 | usd |
CY2024 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
719167 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
19695305 | shares |
CY2024 | ioacu |
Percentage Of Issued And Outstanding Shares
PercentageOfIssuedAndOutstandingShares
|
0.03 | pure |
CY2024 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1883733 | usd |
CY2023 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3610097 | usd |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2023 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
|
0.60 | pure |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
2.2 | |
CY2023 | ioacu |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Attrition Rate
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsAttritionRate
|
0.30 | pure |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
1265828 | usd |
CY2024 | ioacu |
Option Exchange Ratio
OptionExchangeRatio
|
0.0284 | |
CY2024Q1 | ioacu |
Outstanding Balances With Related Parties
OutstandingBalancesWithRelatedParties
|
2224443 | usd |
CY2023Q1 | ioacu |
Outstanding Balances With Related Parties
OutstandingBalancesWithRelatedParties
|
1351753 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
1794639 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
3686741 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
|
194197 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
|
255175 | usd |
CY2024Q1 | us-gaap |
Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
|
445828 | usd |
CY2023Q1 | us-gaap |
Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
|
4211143 | usd |
CY2024Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
91947 | usd |
CY2023Q1 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
254032 | usd |
CY2024Q1 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
770941 | usd |
CY2023Q1 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
1381926 | usd |
CY2024Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
3297552 | usd |
CY2023Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
9789017 | usd |
CY2024Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
|
14431587 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Fair Value Disclosure
AccountsPayableAndAccruedLiabilitiesFairValueDisclosure
|
6547978 | usd |
CY2024Q1 | us-gaap |
Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
|
5049483 | usd |
CY2023Q1 | us-gaap |
Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
|
5509948 | usd |
CY2024Q1 | ioacu |
Other Financial Liabilities Fair Value Disclosure
OtherFinancialLiabilitiesFairValueDisclosure
|
1232930 | usd |
CY2023Q1 | ioacu |
Other Financial Liabilities Fair Value Disclosure
OtherFinancialLiabilitiesFairValueDisclosure
|
1349393 | usd |
CY2024Q1 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
20714000 | usd |
CY2023Q1 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
13407319 | usd |
CY2024Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
629908 | usd |
CY2024Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
10067601 | usd |
CY2023Q1 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
923176 | usd |
CY2023Q1 | ioacu |
Preferred Stock Warrant Liability
PreferredStockWarrantLiability
|
1190691 | usd |
CY2023Q1 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
10944727 | usd |
CY2023Q1 | us-gaap |
Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
|
17422132 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
14373856 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
14373856 | usd |
CY2019Q3 | ioacu |
Vehicles Purchased
VehiclesPurchased
|
548635 | usd |
CY2023Q1 | ioacu |
Vehicles Purchased
VehiclesPurchased
|
440703 | usd |
CY2024 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
130238 | usd |
us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
4438067 | usd | |
CY2023 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
4504751 | usd |
us-gaap |
Loss Contingency Related Receivable Carrying Value Period Increase Decrease
LossContingencyRelatedReceivableCarryingValuePeriodIncreaseDecrease
|
34199 | usd | |
CY2024 | us-gaap |
Cost Of Goods Sold Direct Financing Lease
CostOfGoodsSoldDirectFinancingLease
|
1054875 | usd |
CY2023 | us-gaap |
Cost Of Goods Sold Direct Financing Lease
CostOfGoodsSoldDirectFinancingLease
|
450477 | usd |
CY2024Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
6815 | usd |
CY2023Q1 | us-gaap |
Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
|
407083 | usd |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
100000 | shares |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
100000 | shares |
CY2024Q1 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
10000000 | usd |
CY2024Q1 | us-gaap |
Environmental Exit Costs Assets Previously Disposed Liability For Remediation
EnvironmentalExitCostsAssetsPreviouslyDisposedLiabilityForRemediation
|
3500000 | usd |
CY2024 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
15900000 | usd |
CY2024 | us-gaap |
Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
|
15900000 | usd |
CY2024Q2 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
25000000 | usd |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q1 | us-gaap |
Short Term Investments
ShortTermInvestments
|
usd | |
CY2024Q1 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
usd | |
CY2024Q1 | ioacu |
Long Term Investments With Related Parties
LongTermInvestmentsWithRelatedParties
|
usd | |
CY2023Q1 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
usd | |
CY2024Q1 | ioacu |
Current Portion Of Longterm Debt From Related Parties
CurrentPortionOfLongtermDebtFromRelatedParties
|
usd | |
CY2023Q1 | ioacu |
Unsecured Promissory Note To Related Parties
UnsecuredPromissoryNoteToRelatedParties
|
usd | |
CY2024Q1 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
usd | |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
usd | |
CY2024Q1 | ioacu |
Preferred Stock Warrant Liability
PreferredStockWarrantLiability
|
usd | |
CY2024Q1 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
usd | |
CY2024Q1 | us-gaap |
Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
|
usd | |
CY2023Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
usd | |
CY2024Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
usd | |
CY2024Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
usd | |
CY2024Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
usd | |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
usd | |
CY2023 | ioacu |
Change In Fair Value Of Unsecured Convertible Note
ChangeInFairValueOfUnsecuredConvertibleNote
|
usd | |
CY2023 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | |
CY2024 | ioacu |
Gain On Termination Modification Of Finance Leases
GainOnTerminationModificationOfFinanceLeases
|
usd | |
CY2023 | ioacu |
Assets Written Off
AssetsWrittenOff
|
usd | |
CY2023 | ioacu |
Liabilities Written Back
LiabilitiesWrittenBack
|
usd | |
CY2023 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2024 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
usd | |
CY2023 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | |
CY2023 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
usd | |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2023 | ioacu |
Issue Of Common Stock Upon Conversion Of Senior Subordinated Convertible Promissory Notes
IssueOfCommonStockUponConversionOfSeniorSubordinatedConvertiblePromissoryNotes
|
usd | |
CY2023 | ioacu |
Non Cash Liabilities Assumed In The Reverse Recapitalization
NonCashLiabilitiesAssumedInTheReverseRecapitalization
|
usd | |
CY2023 | ioacu |
Warrants Issued On Completion Of Reverse Recapitialization
WarrantsIssuedOnCompletionOfReverseRecapitialization
|
usd | |
CY2023 | ioacu |
Issue Of Common Stock Upon Conversion Of Convertible Promissory Notes
IssueOfCommonStockUponConversionOfConvertiblePromissoryNotes
|
usd | |
CY2023 | ioacu |
Assumption Of Unsecured Promissory Note On Reverse Recapitalization
AssumptionOfUnsecuredPromissoryNoteOnReverseRecapitalization
|
usd | |
CY2023 | ioacu |
Issue Of Common Stock To Vendors Against Services
IssueOfCommonStockToVendorsAgainstServices
|
usd | |
CY2023 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
usd | |
CY2024Q1 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
usd | |
CY2023Q1 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
usd | |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
usd | |
CY2023Q1 | ioacu |
Impairment Charges
ImpairmentCharges
|
usd | |
CY2024Q1 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
usd | |
CY2023Q1 | ioacu |
Franchise Tax Refund Receivable
FranchiseTaxRefundReceivable
|
usd | |
CY2024 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
usd | |
CY2024 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
usd | |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
usd | |
CY2024Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
usd | |
CY2023Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
usd | |
CY2024Q1 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
usd | |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
usd | |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
usd | |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
usd | |
CY2023Q1 | ioacu |
Other Receivables Non Current
OtherReceivablesNonCurrent
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
usd | |
CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
usd | |
CY2024Q1 | us-gaap |
Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
|
usd | |
CY2024Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
usd | |
CY2023Q1 | ioacu |
Unsecured Promissory Note To Related Parties
UnsecuredPromissoryNoteToRelatedParties
|
usd | |
CY2024Q1 | us-gaap |
Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
|
usd | |
CY2024Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
usd | |
CY2024Q1 | us-gaap |
Convertible Subordinated Debt Noncurrent
ConvertibleSubordinatedDebtNoncurrent
|
usd | |
CY2023Q1 | us-gaap |
Unsecured Long Term Debt
UnsecuredLongTermDebt
|
usd | |
CY2023 | ioacu |
Discount On Issue Of Unsecured Convertible Note
DiscountOnIssueOfUnsecuredConvertibleNote
|
usd | |
CY2023 | ioacu |
Chanages In Fair Valueof Finance Cost Convertible Note
ChanagesInFairValueofFinanceCostConvertibleNote
|
usd | |
CY2024 | ioacu |
Change In Fair Value Of Sscpn
ChangeInFairValueOfSSCPN
|
usd | |
CY2024Q1 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
usd | |
CY2023 | us-gaap |
Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
|
usd | |
CY2024 | ioacu |
Gain On Termination Modification Of Finance Leases
GainOnTerminationModificationOfFinanceLeases
|
usd | |
CY2023 | ioacu |
Loss On Assets Written Off
LossOnAssetsWrittenOff
|
usd | |
CY2023 | ioacu |
Provision Written Back
ProvisionWrittenBack
|
usd | |
CY2024 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2023Q1 | ioacu |
Deferred Tax Liabilities Borrowings
DeferredTaxLiabilitiesBorrowings
|
usd | |
CY2024Q1 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
usd | |
CY2024Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2024 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
usd | |
CY2023 | us-gaap |
Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
|
usd | |
CY2024Q1 | us-gaap |
Derivative Type Of Instrument
DerivativeTypeOfInstrument
|
||
CY2024Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
usd | |
CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2024 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001854275 | |
CY2023Q3 | dei |
Entity Public Float
EntityPublicFloat
|
0 | usd |