Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 258

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 1
Chunk 258
---
 stock. The redemption feature for the common shares equals fair value, and therefore does not create a different class
of shares or require an adjustment to the earnings per share calculation.
The redemption at fair value does not represent an economic benefit to the holders that is different from what is received by other stockholders,
because the shares could be sold on the open market. Accretion associated with the redeemable shares of common stock is excluded from
earnings per share as the redemption value approximates the fair value.

Common Stock Subject to Possible Redemption 

The Company accounts for its common stock subject to possible redemption
in accordance with the guidance in ASC 480. Common stock subject to mandatory redemption (if any) is classified as a liability instrument
and measured at fair value. Conditionally redeemable common stock (including common stock that features redemption rights that are within
the control of the holder or subject to possible redemption upon the occurrence of uncertain events not solely within the Company’s
control) is classified as temporary equity. At all other times, common stock is classified as stockholders’ equity (deficit). The
Company’s common stock sold in the Initial Public Offering and over-allotment features certain redemption rights that are considered
to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, as of December
31, 2024 and 2023, 164,752 and 3,467,954, respectively, shares of common stock subject to possible redemption are presented
at redemption value as temporary equity, outside of the stockholders’ deficit section of the Company’s consolidated balance
sheets.

F-14

OSR HOLDINGS, INC.

(f/k/a Bellevue Life Sciences Acquisition Corp.) 

NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

Income Taxes

The Company follows the asset and liability
method of accounting for income taxes under FASB ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets
and liabilities are recognized for the estimated future tax consequences attributable to difference between the consolidated
financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is
recognized in income in the period that included the enactment date.