Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 145

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 145
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     |          (2,304,590 | ) |     | (4,649,312 | ) |
| Net cash used in investing activities                |     |            (500,142 | ) |     |   (312,556 | ) |
| Net cash generated from financing activities         |     |           2,776,507 |   |     |  4,094,290 |   |
| Net decrease in cash and cash equivalents            |     |             (28,225 | ) |     |   (867,578 | ) |
| Foreign exchange impact on cash and cash equivalents |     |              23,574 |   |     |   (177,118 | ) |
| Cash, beginning of financial year                    |     |              34,982 |   |     |  1,079,678 |   |
| Cash, end of financial year                          |     |              30,331 |   |     |     34,982 |   |

87

Operating activities Net cash used in operating activities for the year ended April 30, 2024 was approximately US$2.3 million, the difference between our net loss of approximately US$6.5 million and the net cash used in operating activities was primarily attributable to (i) depreciation and amortization expense of US$1.4 million on property, plant and equipment, intangible assets based on our accounting policies; (ii) finance cost of US$1.4 million in relation to loans from related parties; (iii) impairment and write off of assets of US$0.2 million; (iv) a decrease in inventories of US$0.4 million, primarily attributable to the decrease in components for the production of robots; and (v) an increase of approximately US$0.8 million in trade and other payables, which was primarily attributable to the increase in accrued interest on related party loans, the increase in deposits received due to the expansion of business, and partially offset by a decrease in deferred consideration payable to Swisslog Healthcare Holding AG for the acquisition of Swisslog assets. Net cash used in operating activities for the year ended April 30, 2023 was approximately US$4.6 million, the difference between our net loss of approximately US$6.7 million and the net cash used in operating activities was primarily attributable to (i) depreciation and amortization expense of US$1.5 million on property, plant and equipment, intangible assets based on our accounting policies