Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 348

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 348
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                                  |     |         |           |   |     |             |          |   |     |          |            |   |     |            |            |   |     |       |        |     |           |   (396,568 | ) |
| Loss on financial liabilities at fair value through profit or loss |     |         |           |   |     |             |          |   |     |          |            |   |     |            |            |   |     |       |        |     |           |    (82,028 | ) |
| Other corporate non-operating income and expense                   |     |         |           |   |     |             |          |   |     |          |            |   |     |            |            |   |     |       |        |     |           |    (97,955 | ) |
| Loss before tax                                                    |     |         |           |   |     |             |          |   |     |          |            |   |     |            |            |   |     |       |        |     | $         | (5,730,099 | ) |

The Company has recognized the following contract liabilities in relation to revenue from contracts with customers:

|                              |     |   | September 30, 
          2024 |     |     | December 31, 
         2023 |
|:-----------------------------|:----|:--|--------------:|:----|:----|-------------:|
| Contract liabilities—current |     | $ |     1,850,887 |     |     |    1,268,303 |

Revenue recognized in the current reporting period amounted to $728,642 and $384,369 for the nine months ended September 30, 2024 and 2023, respectively. The changes in contract liabilities were mainly due to the time differences when the Company provided services that satisfy its obligation to the customer and when the payment is disbursed by the customer.

| NOTE 23. | The Nature of Expenses |

| (a) | Depreciation of property, plant and equipment |

|                                  |     | Nine months ended 
 September 30      |    2024 |     |     |    2023 |
|:---------------------------------|:----|:------------------|--------:|:----|:----|--------:|
| Recognized in cost of revenues   |     | $                 | 252,363 |     |     | 214,