Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 24

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 total liabilities and total equity are calculated based on the amounts in the Group’s consolidated financial statements.

15

The group’s debt ratio as of June 30, 2025 and December
31, 2024 are as follows:

    June 30,  2025  
    December 31,  2024 
  
    Net borrowings (A) 

    Borrowings 
    $5,962,837  
    $2,297,411 
  
    Lease liabilities 
     62,685  
     78,113 
  
    Less: cash and cash equivalents 
     (1,584,406) 
     (341,543)

     4,441,116  
     2,033,981 
  
    Total equity (B) 
     139,153,045  
     143,208,215 
  
    Debt ratio (A / B) 
     3.2% 
     1.4%

(5)Fair value measurements

Book value and fair value of financial
instruments

The difference between the carrying
amount and fair value of the Group’s financial assets and liabilities as of June 30, 2025 and December 31, 2024 are insignificant.

Fair value hierarchy

All financial assets and liabilities
for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described
as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

●Level 1 - Quoted
                                            (unadjusted) market prices in active markets for identical assets or liabilities

●Level 2 - Valuation
                                            techniques for which the lowest level input that is significant to the fair value measurement
                                            is directly or indirectly observable

●Level 3 - Valuation
                                            techniques for which the lowest level input that is significant to the fair value measurement
                                            is unobservable

Fair values of the Group’s financial
assets and liabilities as of June 30, 2025 and December 31, 2024, which are accounted as amortized cost, are categorized as Level 3.

Recurring transfer between levels
of the fair value hierarchy

Fair value hierarchy classifications
of the financial instruments that are measured at fair value level 3 as at June 30, 2025 is as follows(Null for December 31, 2024):

    June 30, 2025 

    Level