Company: OSRH
Filing Date: 2025-01-24
Form Type: S-4/A
Source: 0001213900-25-006139
Chunk: 461

Company: OSR Holdings, Inc.
Filing Date: 2025-01-24
Form: S-4/A
Chunk 461
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958,119 | ) |     |    1,930 | %  |
| Operating losses                |     |                  (784,667 | ) |     | (14,742,785 | ) |     | (13,958,119 | ) |     |    1,779 | %  |
| Non-operating income (loss)     |     |                 2,129,625 |   |     |    (989,580 | ) |     |  (3,119,205 | ) |     |     (146 | )% |
| Profit (loss) before income tax |     |                 1,344,958 |   |     | (15,732,365 | ) |     | (17,077,323 | ) |     |   (1,270 | )% |

Revenue Revenue was KRW 4.5 billion, consisting of sales of medical devices by the Company’s RMC subsidiary in South Korea, which was acquired by the Company in late December 2022, and the first year the Company had operating revenue (the Company had non -operatingincome in 2022 from a one -timegain on the disposition of certain financial assets, as described below). Cost of sales Cost of sales was KRW 3.3 billion, consisting of costs of medical devices purchased (for resale) by the Company’s RMC subsidiary in South Korea. Gross profit Gross profit was KRW 1.2 billion from the sales of medical devices by the Company’s RMC subsidiary in South Korea. Administrative Expenses Administrative expenses consist of personnel -relatedexpenses, including salaries, benefits, bonus, and travel. Other administrative expenses include amortization of intangible assets, research and development expenses, professional services fees, such as legal, audit, and investor/press relations, research and development expenses, non -incometaxes, insurance costs, cost of outside consultants and employee recruiting and training costs. Administrative expenses increased 1,930% in 2023, primarily as a result of the amortization of acquired patents (81%) and consolidation of expenses acquired by subsidiaries (15%) which were not reflected in 2022 financial results. Moreover, New OSR Holdings expects to incur additional expenses associated with operating as a public

292 company, including legal, accounting, insurance, exchange listing and SEC compliance and investor relations. New OSR Holdings expects quarterly selling, general and administrative expenses, excluding stock compensation expense, to increase to an average of approximately $1.5