Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 146

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 146
---
$0.8million on property, plant and equipment, intangible assets based on our accounting policies; (ii) finance cost of US$0.5million in relation to loans from related parties; (iii) impairment and write off of receivables of US$0.2million; (iv) an increase in trade Trade and other payables of US$0.6million and partially offset by a decrease in payable to Swisslog Healthcare Holding AG for the acquisition of Swisslog assets. Net cash used in operating activities for the period ended October31, 2023 was approximately US$0.8million, the difference between our net loss of approximately US$2.8million and the net cash used in operating activities was primarily attributable to (i) depreciation and amortization expense of US$0.7million on property, plant and equipment, intangible assets based on our accounting policies; (ii) finance cost of US$0.4million in relation to loans from related parties; (iii) an increase of approximately US$0.6million in trade and other payables, which is in line with level of sales activities; and partially offset by; (v) an increase in inventories and trade and other receivables of US$0.1million, primarily attributable to billing and incoming inventory for imminent projects. Investing activities Net cash used in investing activities for the periods ended Oct31, 2024 and 2023 was approximately US$0.7million and US$0.1million, respectively, which was entirely spent on the purchase of property, plant and equipment and investment in intangible assets. Financing activities Net cash generated from financing activities for the period ended October31, 2024 was approximately US$2.3million. This was primarily due to (i) proceeds from third party loans of approximately US$1.5million; and (ii) related party loans of approximately US$1.1million; offset by (iii) repayment of related party loans of approximately US$0.1million; and (iv) repayment of lease liabilities of approximately US$0.2million. Net cash generated from financing activities for the period ended October31, 2023 was approximately US$1.0million. This was primarily due to (i) proceeds from related party loans of approximately US$1.4million; offset by (ii) repayment of related party loans of approximately US$0.2million; and (iv) repayment of lease liabilities of approximately US$0