Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 304

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 304
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    Facilities 
     197,787  
     210,613 
  
    Vehicles 
     9,397  
     9,375 

     279,206  
     291,838 
  
    Less accumulated depreciation 
     (278,207) 
     (289,504)
  
    Equipment and vehicles, net 
    $999  
    $2,334 

(14)Goodwill

Changes
of goodwill for the for the three-months ended March 31, 2025 and 2024 are as follows:

    For the three-months ended March 31, 2025 

    Beginning  
    Business combination  
    Impairment loss  
    Effects of changes in exchange rate  
    Ending 
  
    Goodwill 
    $24,354,066  
    $           -  
    $           -  
    $58,124  
    $24,412,190 

    For the three-months ended March 31, 2024 

    Beginning  
    Business combination  
    Impairment loss  
    Effects of changes in exchange rate  
    Ending 
  
    Goodwill 
    $27,765,222  
    $         -  
    $           -  
    $(1,183,341) 
    $26,581,881 

18

(15)Intangible
assets, net

The
acquired intangible assets, all of which are being amortized, have an average useful life of approximately 20 years. Intangible assets
consist of the following as of March 31, 2025 and December 31, 2024.

     For the year ended March 31, 2025      Average  useful life   Gross carrying amount   Accumulated amortization   Net carrying amount   Technology license   20 years   $98,061   $78,691   $19,371   Customer relationship   20 years    580,489    261,220    319,269   Patent technology   20 years    165,207,671    19,387,021    145,820,650           $165,886,221   $19,726,932   $146,159,289