Company: OSRH
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001213900-25-045947
Chunk: 309

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 309
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 deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future
taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal
of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon these
considerations as of March 31, 2025 and December 31, 2024, the Company had a full valuation allowance for the net deferred tax assets
on one of its Asian subsidiaries and certain of its European subsidiaries. Also, as of March 31, 2025 and December 31, 2024, the Company
had a partial valuation allowance offsetting certain deferred tax assets of another one of its Asian subsidiaries. Management believes
that it is more likely than not that the Company will realize the benefits of the remaining deductible differences, net of valuation
allowances, at March 31, 2025 and December 31, 2024.

21

The
Company did not have any material uncertain tax positions, which should be recognized in the condensed consolidated financial statements
as of March 31, 2025. In addition, the Company did not have any unrecognized tax benefits, which, if recognized, would affect the effective
tax rate for the nine months then ended.

(22)Loss per share

Basic
loss per share for the three months ended March 31, 2025 and 2024 are calculated as follows:

    (The United States Dollar in unit and number of shares) 
    For the three months ended
 March 31 

    2025  
    2024 
  
    Net loss (A) 
    $(11,392,814) 
    $(3,355,366)
  
    Weighted average number of ordinary shares outstanding (B) 
     10,906,233  
     5,622,954 
  
    Basic loss per ordinary share (A/B) 
    $(1.04) 
    $(0.60)

Weighted
average number of ordinary shares outstanding for the three months ended March 31, 2025 and 2024 are calculated as follows:

    For the three-months ended March 31 
  
    (Number of shares) 
    2025  
    2024 
  
    Ordinary shares outstanding at the beginning 
     2,155,000  
     5,622,954 
  
    Changes due to business