Company: OSRH
Filing Date: 2025-06-23
Form Type: 424B3
Source: 0001213900-25-056351
Chunk: 80

Company: OSR Holdings, Inc.
Filing Date: 2025-06-23
Form: 424B3
Chunk 80
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| Allowance for expected credit losses |     |   |       (1,751 | ) |     |   |        4,216 |
| Research and development expenses    |     |   |       90,149 |   |     |   |       46,715 |
| Travel expenses                      |     |   |          426 |   |     |   |          757 |
| Training cost                        |     |   |        1,165 |   |     |   |            - |
| Publishing fee                       |     |   |           15 |   |     |   |          127 |
| Office supplies fee                  |     |   |           71 |   |     |   |           83 |
| Consumable cost                      |     |   |       15,689 |   |     |   |        6,039 |
| Commisions and professional fee      |     |   |      211,662 |   |     |   |      251,069 |
| Building management fee              |     |   |        4,314 |   |     |   |        4,569 |
| Advertising expenses                 |     |   |            - |   |     |   |          486 |
| Total                                |     | $ |    3,086,512 |   |     | $ |    3,542,330 |

| (21) | Income 
 taxes  |

In assessing the reliability of deferred
tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.
The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which
those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future
taxable income, and tax planning strategies in making this assessment. Based upon these considerations as of March 31, 2025 and December
31, 2024, the Company had a full valuation allowance for the net deferred tax assets on one of its Asian subsidiaries and certain of its
European subsidiaries. Also, as of March 31, 2025 and December 31, 2024, the Company had a partial valuation allowance offsetting certain
deferred tax assets of another one of its Asian subsidiaries. Management believes that it is more likely than not that the Company will
realize the benefits of the remaining deductible differences, net of valuation allowances, at March