Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 24

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 money market funds and highly liquid financial instruments with original maturities of three months or less to be
cash equivalents.

    March 31, 
2025  
    December 31,
 2024 
  
    Cash and cash equivalents 
    $1,595,697  
    $341,543 

16

(8)Trade
and other receivables, net

All
trade receivables are recorded at the invoiced amount and do not bear interest. Amounts collected on trade receivables are included in
net cash provided by operating activities in the statements of cash flows. The Group does not have any off-balance sheet credit exposure
related to its customers.

    March 31, 
2025  
    December 31, 2024 
  
    Trade receivables 
    $860,514  
    $972,036 
  
    Less: Allowance for credit losses 
     (66,007) 
     (67,580)
  
    Net trade receivables 
     794,507  
     904,456 
  
    Other receivables 
     5,029  
     29,368 
  
    Total 
    $799,537  
    $933,824 

(9)Inventories,
net

Inventories
consisted of the following as of March 31, 2025 and December 31, 2024:

    March 31, 
2025  
    December 31, 
2024 
  
    Merchandised goods 
    $764,313  
    $949,724 
  
    Less inventory reserves 
     (27,683) 
     (27,617)

    $736,630  
    $922,107 

(10)Other
financial assets

Details
of other financial assets as of March 31, 2025 and December 31, 2024 are as follows:

    March 31, 2025  
    December 31, 2024 

    Current  
    Non-current  
    Current  
    Non-current 
  
    Leasehold guarantee deposits 
    $54,552  
    $22,053  
    $54,422  
    $21,669 
  
    Other deposits 
     -  
     1,091  
     -  
     1,088