Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 37

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
(23)
Commitment and contingencies

As of June 30, 2025, the Group is a party
to a civil action filed in the Supreme Court of the State of New York, County of New York, by Benjamin Securities, Inc., seeking approximately
$425,000 in alleged brokerage fees and costs, plus interest and attorneys’ fees. As of June 30, 2025, the matter remains pending.

The Parent has entered into various contractual
commitments related to the acquisition of VAXIMM including a future financial obligation of CHF 7,416 underlying as of June 30, 2025.
Meanwhile, both parties have agreed to remove section 6.1.3 of the license agreement that states that in the event of the Parent’s
sale to a third party, the Licensor shall reimburse the Licensee for reasonable costs and expenses incurred in the preparation, submission,
maintenance, prosecution, and enforcement process.

(24)
Segment reporting

The Group operates in one operating
segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly
by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assessing performance. The Group’s
CODM role is fulfilled by the Executive Leadership Team, who allocates resources and assesses performance based upon consolidated financial
information. The geographic segments for the long-lived assets and ROU assets are disclosed below.

There are no external customers that
account for more than 10% of sales for the reporting period.

(25)
Subsequent events

The Group has evaluated subsequent
events from the balance sheet date through August 14, 2025, the date at which the condensed consolidated financial statements were available
to be issued and determined that there are no other items to disclose, except the following:

●In July, the Group issued total of 757,500 shares
under the ELOC, to raise gross proceeds of $727,887.

●In July, the Group issued total of 1,021,401
shares under the convertible note and warrant agreement with White Lion Capital, which amounted $990,000.

25

Item 2. Management’s Discussion and Analysis of Financial Condition
and Results of Operations

References in this report (the “Quarterly Report”) to “we,”
“us” or the “Company” refer to by OSR Holdings, Inc. References to our “management” or our “management
team” refer to our officers and directors. The