Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 146

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 146
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 725 |   |
| Cash and restricted cash at beginning of year               |     |                    |  2,581 |   |     |      |  7,997 |   |
| Cash and restricted cash at end of year                     |     |                    |  7,997 |   |     |      |  8,722 |   |

Operating Activities Cash from operating activities represent cash flows related to a company’s day-to-daybusiness operations, including cash receipts from the sale of products or services, payments to suppliers for the purchase of goods and services, payment of payrolls, utilities, taxes, and other routine business expenses, as well as the collection of accounts receivable from customers and the payment of accounts payable. Net cash flows used in operating activities was US$9.1 million in 2024. The difference between our loss for the year ended December 31, 2024 of US$10.3 million and cash used in operations was primarily due to (i) adjustment for certain non-cash items, which included depreciation expense of US$1,257,626, amortization expense of US$83,828, loss on financial liabilities at FVTPL of US$259,418, finance costs of US$177,888, interest income of US$(75,103), and profit from lease modification of US$(15,113); and (ii) the net changes in operating assets and liabilities of US$(442,767), which were primarily related to a decrease in accounts receivable of US$53,997 from the settlement of sales, an increase in prepayment of US$1,742,690 due to the prepayment of expenses related to this listing, a decrease in other current assets of US$83,544 due to a reduction in inventory as a result of our commercial decision to discontinue the fruit imports under OwlTing Market, an increase in contract liabilities of US$467,503 due to higher advance payments in OwlNestand PayNow’s collection on behalf of merchants, a decrease in accounts payable of US$116,125 due to the impact of the Taiwan earthquake on the tourism market, which reduced booking volumes and subsequently supplier payables, an increase in other payables of US$786,680 due to accrued fees for auditors and legal counsels, and an increase in provisions of US$26,563 due to the estimate of the provision of paid leave. Net cash flows used in operating activities was US$5.4 million in 202