Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 387

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 387
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:---------------|----------:|
| Profit before income tax                             |     | $              | 3,690,202 |
| Income tax calculated based on net profit before tax |     |                |   738,040 |
| Others                                               |     |                |         — |
| Income tax expense                                   |     | $              |   738,040 |

As of April 30, 2023, there was no temporary differences and no deferred tax asset or liability recognized. NOTE 12. Revenue Disaggregation of revenue from contracts with customers is as follows:

|                                                                          |     | For the four   
 months ended   
 April 30, 2023 |            |
|:-------------------------------------------------------------------------|:----|:---------------|-----------:|
| Revenues from payment gateway service                                    |     | $              | 24,860,429 |
| Revenue from logistic service                                            |     |                | 16,844,646 |
| Revenues from electronic invoicing system and other value-added services |     |                |  1,813,274 |
|                                                                          |     | $              | 43,518,349 |

The Company has recognized the following contract liabilities in relation to revenue from contracts with customers:

|                                |     | April 30, 2023 |           |
|:-------------------------------|:----|:---------------|----------:|
| Contract liabilities - current |     | $              | 8,063,191 |

As of January 1, 2023, contract liabilities amounted to $8,712,006. Revenue recognized in the current reporting period, which was included in the contract liability balance at the beginning of the period, amounted to $5,916,415 for the four months ended April 30, 2023. Receipt from customers upon entering contracts amounted to $5,267,600 for the four months ended April 30, 2023. F-122

PayNow Inc. Notes to the Financial Statements (Continued) The changes in contract liabilities were mainly due to the time differences when the Company provided services that satisfy its obligation to the customer and when the payment is disbursed by the customer. NOTE 13. Financial instruments

| (a) | Categories of financial instruments |

| 1. | Financial assets |

|                                  |     | April 30, 2023 |             |
|:---------------------------------|:----|:---------------|------------:|
| Measured at amortized cost:      |     |                |             |
| Cash