Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 367

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 367
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1, 2022, contract liabilities amounted to $11,918,391. Revenue recognized in the current reporting period, which was included in the contract liability balance at the beginning of the period, amounted to $11,860,957 for the year ended December 31, 2022. Receipt from customers upon entering contracts amounted to $8,654,572 for the year ended December 31, 2022. The changes in contract liabilities were mainly due to the time differences when the Company provided services that satisfy its obligation to the customer and when the payment is disbursed by the customer.

| NOTE 13. | Financial instruments |

| (a) | Categories of financial instruments |

| 1. | Financial assets |

|                                  |     | December 31, 
 2022         |             |
|:---------------------------------|:----|:-------------|------------:|
| Measured at amortized cost:      |     |              |             |
| Cash and restricted cash         |     | $            | 134,981,111 |
| Accounts receivable              |     |              |     462,464 |
| Other receivables                |     |              |   1,542,475 |
| Other financial assets – current |     |              | 211,353,301 |
| Refundable deposits              |     |              |   2,502,100 |
| Total                            |     | $            | 350,841,451 |

| 2. | Financial liabilities |

|                                               |     | December 31, 
 2022         |            |
|:----------------------------------------------|:----|:-------------|-----------:|
| Non-derivative financial liabilities:         |     |              |            |
| Accounts payable                              |     | $            |  2,590,897 |
| Other payables                                |     |              |  4,817,025 |
| Lease liabilities (including current portion) |     |              |  5,355,992 |
| Guarantee deposits received                   |     |              |    919,550 |
| Total                                         |     | $            | 13,683,464 |

F-97

PayNow Inc. Notes to the Financial Statements (Continued)

| (b) | Liquidity risk |

The table below summarizes the maturity profile of financial liabilities, including principal and estimated interest payments.

| December 31, 2022                             |     | Carrying 
 amount   |            |