Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 303

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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 2024 

    Current  
    Non-current  
    Current  
    Non-current 
  
    Prepayments 
    $71,800  
    $-  
    $53,908  
    $- 
  
    Prepaid expenses 
     208,619  
     -  
     20,646  
     - 
  
    Total 
    $280,419  
    $-  
    $74,555  
    $- 

17

(12)Equity method investment

Details
of investment under the equity method are as follows:

            March 31, 2025   December 31, 2024     Location   Main business  Ownership   Book value   Ownership   Book value   Taction Co., LTD   Korea    Software development   33.3%  $ -       33.3%  $ -     

The
summarized financial information of investment under the equity method as of the closing date and for the current period is as follows:

    As of and for the year ended
    December 31, 2024 

    Comprehensive 

    Assets  
    Liabilities  
    Revenue  
    Net loss  
    loss 
  
    Taction Co., LTD 
    $97,936  
    $32,785  
    $             -  
    -₩74,740  
    $-74,740 

There
is no equity method valuation applied on investments in associate for the three-months ended March 31, 2025 or 2024.

Taction
Co., Ltd. was incorporated to engage in software development and IT consulting. As no practical plan to generate revenue and maintain
going-concern basis in the foreseeable future was provided, the Parent recognized impairment loss amounting to acquisition cost.

(13)Equipment
and vehicles, net

Equipment
and vehicles consist as of March 31, 2025 and December 31, 2024:

    March 31, 
2025  
    December 31, 2024 
  
    Office equipment 
    $26,976  
    $26,912 
  
    Tools and instruments 
     22,741  
     22,687 
  
    Machinery and equipment 
     22,304  
     22,251