Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 302

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 302
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|:--|:----|:-----------|:-----------|:--|
| Costs of revenue                     |     | $                           | (4,950,522 | ) |     |             | (180,217 | ) |     |            | (5,130,739 | ) |
| Marketing and sales                  |     |                             | (2,631,709 | ) |     |             |  175,814 |   |     |            | (2,455,895 | ) |
| General and administrative           |     |                             | (3,365,105 | ) |     |             |    4,403 |   |     |            | (3,360,702 | ) |

| For the year ended December 31, 2022 |     | Impact of reclassifications 
 As previously               
 reported                    |            |   |     | Adjustments |          |   |     | As revised |            |   |
|:-------------------------------------|:----|:----------------------------|:-----------|:--|:----|:------------|---------:|:--|:----|:-----------|:-----------|:--|
| Costs of revenue                     |     | $                           | (3,207,050 | ) |     |             | (279,119 | ) |     |            | (3,486,169 | ) |
| Marketing and sales                  |     |                             | (3,148,972 | ) |     |             |  274,622 |   |     |            | (2,874,350 | ) |
| General and administrative           |     |                             | (3,022,100 | ) |     |             |    4,497 |   |     |            | (3,017,603 | ) |

| NOTE 5. | Acquisition |

On May 1, 2023 (the “acquisition date”), the Company acquired a 52.94% stake in PayNow Inc. (“PayNow”) for $628,265 in cash, gaining control of PayNow. Following the acquisition date, PayNow’s assets, liabilities, and results have been consolidated in the Company’s consolidated financial statements. Acquisition-related costs, recognized as expenses when incurred, were insignificant. On September 15 of the same year, the Company acquired 46.44% stake in PayNow for $1,517,730 in cash. The difference of $1,129,728 between the cash consideration and the carrying