Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 313

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 313
---
3 |            |   |     | 2022 |            |   |
|:----------------------------------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Loss before income tax                                    |     | $    | (6,787,967 | ) |     |      | (9,057,030 | ) |
| Income tax calculated based on local statutory rate       |     | $    | (1,175,582 | ) |     |      | (1,645,410 | ) |
| Change in unrecognized temporary differences              |     |      |    (15,176 | ) |     |      |    328,671 |   |
| Current-year losses for which no deferred tax assets were 
 recognized                                                |     |      |  1,168,802 |   |     |      |  1,304,102 |   |
| Non-deductible expenses                                   |     |      |     15,227 |   |     |      |     12,637 |   |
| Income tax benefit                                        |     | $    |     (6,729 | ) |     |      |          — |   |

| (b) | Unrecognized deferred tax assets |

Gross amount of deferred tax assets have not been recognized in respect of the following items.

|                                                |     |   | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:-----------------------------------------------|:----|:--|-------------:|:----|:----|-------------:|
| Tax effect of deductible temporary differences |     | $ |      137,458 |     |     |      152,995 |
| Unused tax loss carryforward                   |     |   |    7,181,230 |     |     |    6,026,004 |
| Total                                          |     | $ |    7,318,688 |     |     |    6,178,999 |

The Income Tax Act of Taiwan (R.O.C.) and Japan allow net losses, as assessed by each respective tax authority, to offset taxable income over a period of ten years for local tax reporting purposes. Whereas, tax losses can be carried forward indefinitely in Hong Kong. Federal tax losses in the United States can be carried forward indefinitely and state tax losses will expire in various years from 10~20 years. Deferred tax assets have not been recognized