Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 4

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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    Business
    Combination 
     17,121,978  
     1,712  
     (56,524,226) 
     —  
     —  
     56,522,514  
     — 
  
    Balance
    at March 31, 2025 
     19,276,978  
    $1,928  
    $106,082,223  
    $(30,565,877) 
    $241,690  
    $56,522,514  
    $ 132,282,477 

The
accompanying notes are an integral part of the condensed consolidated financial statements.

3

OSR
HOLDINGS, INC. AND SUBSIDIAIRIES

Condensed
Consolidated Statements of Cash Flows (Unaudited) 

(In the United States Dollar)

    Three months ended  March 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(11,392,814) 
    $(3,355,366)
  
    Adjustments to reconcile net (loss) income to cash used in operating activities: 

    Depreciation 
     378  
     16,936 
  
    Amortization 
     2,272,817  
     2,896,174 
  
    Loss on inventory valuation 
     -  
     2,240 
  
    Loss on disposal of tangible assets 
     -  
     626 
  
    Lease expense 
     13,424  
     - 
  
    Gain on disposal of ROU assets 
     -  
     (444)
  
    Bad debts 
     (1,751) 
     4,216 
  
    Severance pay 
     152,087  
     24,477 
  
    Interest expense 
     -  
     64 
  
    Merger and acquisiton costs 
     8,464,579  
     - 
  
    Loss on foreign currency translation 
     (3,075) 
     34,772 
  
    Changes in operating assets and liabilities: 

    (Increase) decrease in trade and other receivables 
     139,567  
     15,089 
  
    Increase in invent