Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 2097

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 9B
Chunk 2097
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ability to maintain the listing on The Nasdaq Capital Market of the Company’s common stock, and other factors could also adversely
impact the Company’s ability to raise additional capital. The failure to raise additional capital as and when needed or on acceptable
terms would have a negative impact on the Company’s financial condition and the ability to pursue its business strategy, and the
Company may have to reduce its workforce or delay, reduce the scope of, suspend, or eliminate one or more preclinical programs, clinical
trials, or future commercialization efforts, or curtail its business operations.

In accordance with Accounting
Standards Update (“ASU”) 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going
Concern (Subtopic 205-40)”, the Company has evaluated whether there are conditions and events, considered in the aggregate, that
raise substantial doubt about its ability to continue as a going concern for a period of one year after the date that its audited consolidated
financial statements are issued. In light of the Company’s existing cash resources and current and expected operating losses and
negative cash flows, the Company will need additional capital prior to the one-year anniversary of the issuance of its consolidated financial
statements, and such additional capital may not be available as and when needed on acceptable terms or at all. As a result, the Company
has concluded that these circumstances and the uncertainties associated with its ability to obtain additional capital raise substantial
doubt about the Company’s ability to continue as a going concern for a period of one year after the date that its audited consolidated
financial statements are issued.

The accompanying consolidated
financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities
in the ordinary course of business, and do not include any adjustments relating to the recoverability and classification of recorded
asset amounts or the amounts and classification of liabilities that might result from the outcome of the uncertainties described above.

Emerging Growth Company 

The Company is an “emerging
growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of
2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable
to other public companies that are not emerging growth companies including, but not limited to, not being required to comply
with the auditor attestation requirements of Section 404 of