Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 27

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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   20 years   $98,061   $78,691   $19,371   Customer relationship   20 years    580,489    261,220    319,269   Patent technology   20 years    165,207,671    19,387,021    145,820,650           $165,886,221   $19,726,932   $146,159,289  

     For the year ended December 31, 2024      Average  useful life   Gross carrying amount   Accumulated amortization   Net carrying amount   Technology license   20 years   $97,828   $78,439   $19,389   Customer relationship   20 years    579,107    231,643    347,464   Patent technology   20 years    164,814,319    17,124,320    147,690,000           $165,491,254   $17,434,402   $148,056,852  

Accumulated amortization expense for intangible assets is $2,272,817
and $2,896,174 for the three-months ended March 31, 2025 and 2024, respectively.

(16)Short-term borrowings

 The Group has a loan agreement with
Bellevue Capital Management Europe AG and as of March 31, 2025, the outstanding balance was $860,000 (3.00% interest rate at March 31,
2025), which matures in March 2025.

The Group has multiple loan agreements
with an individual and as of March 31, 2025, the outstanding balance was $1,034,657 (0% interest rate at March 31, 2025), which mature
various dates in 2025.

The Group has a loan agreement with
Dukseong Co.,Ltd and as of March 31, 2025, the outstanding balance was $800,000 (7.00% interest rate
at March 31, 2025), which matures in July 2025.

The Group has a loan agreement with
BGLSI and as of March 31, 2025, the outstanding balance was $1,628,000 (0%