Company: OSRH
Filing Date: 2025-05-28
Form Type: S-1
Source: 0001213900-25-048346
Chunk: 60

Company: OSR Holdings, Inc.
Filing Date: 2025-05-28
Form: S-1
Chunk 60
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1-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,
which provides an exception to fair value measurement for contract assets and contract liabilities related to revenue contracts acquired
in a business combination. The ASU requires an entity (acquirer) to recognize and measure contract assets and contract liabilities acquired
in a business combination in accordance with Topic 606. At the acquisition date, an acquirer should account for the related revenue contracts
in accordance with Topic 606 as if it had originated the contracts. The ASU is effective for the Company for annual and interim periods
in fiscal years beginning after December 15, 2023. The ASU is applied to business combinations occurring on or after the effective date.
The Group adopted this ASU as of January 1, 2024 and there is no impact on the Group’s condensed consolidated financial statements.

40

In October 2023, the FASB issued ASU
2023-06, Disclosure Improvements – Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The ASU modifies the disclosure or presentation requirements of a variety of Topics in the Codification to align with
the SEC’s regulations. The ASU also makes those requirements applicable to entities that were not previously subject to the SEC’s
requirements. The ASU is effective for the Company two years after the effective date to remove the related disclosure from Regulation
S-X or S-K. As of the date these financial statements have been made available for issuance, the SEC has not yet removed any related disclosure.
The Group does not expect the adoption of ASU 2023-06 to have a material effect on its condensed consolidated financial statements.

In November 2023, the FASB issued ASU
2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires enhanced
disclosure of significant segment expenses on an annual and interim basis. This ASU will be effective for the annual periods beginning
the year ended December 31, 2024, and for interim periods beginning January 1, 2025. Early adoption is permitted. Upon adoption,
this ASU should be applied retrospectively to all prior periods presented in the financial statements. The Group does not expect
the adoption of ASU 2023-07 to have a material effect on its condensed consolidated financial statements.

In December 2023, the FASB issued ASU
2023-