Company: OSRH
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109054
Chunk: 19

Company: OSR Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 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.

12

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 adopted this ASU as of January 1, 2025 and there is not impact on
the Group’s condensed consolidated financial statements.

r.Accounting pronouncements issued, but not adopted as of September 30, 2025

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 December 2023,
the FASB issued ASU 2023-09, Income Taxes (