Company: OSRH
Filing Date: 2025-01-31
Form Type: 424B3
Source: 0001213900-25-008874
Chunk: 660

Company: OSR Holdings, Inc.
Filing Date: 2025-01-31
Form: 424B3
Chunk 660
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 or change in circumstances that are within its control and affect its ability to exercise (or not to exercise) the option to renew (e.g., a change in business strategy). A lease liability is recognized at the commencement date of a lease. The lease liability is initially recognized at the present value of the lease payments to be made over the term of the lease, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Consolidated Entity’s incremental borrowing rate. Lease payments comprise of fixed payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, amounts expected to be paid under residual value guarantees, exercise price of a purchase option when the exercise of the option is reasonably certain to occur, and any anticipated termination penalties. The variable lease payments that do not depend on an index or a rate are expensed in the period in which they are incurred. Lease liabilities are measured at amortized cost using the effective interest method. The carrying amounts are remeasured if there is a change in the following: future lease payments arising from a change in an index or a rate used; residual guarantee; lease term; certainty of a purchase option and termination penalties. When a lease liability is remeasured, an adjustment is made to the corresponding right -ofuse asset, or to profit or loss if the carrying amount of the right -of -useasset is fully written down.

F-108

2. Significant accounting policies (cont.) 2.14 Revenue recognition The Consolidated Entity recognizes revenue when it transfers control over a good or service to a customer. A five -stepprocess is applied before revenue from contract with customers can be recognized: •Identify contracts with customers •Identify the separate performance obligation •Determine the transaction price of the contract •Allocate the transaction price to each of the separate performance obligations, and •Recognize the revenue as each performance obligation is satisfied Revenue from contracts with customers Revenue is recognized at an amount that reflects the consideration to which the consolidated entity is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the consolidated entity: identifies the contract with a customer; identifies the performance obligations in the contract; determines the transaction price which takes into account estimates of variable consideration and the time value of money; allocates the transaction price to the separate performance obligations on the basis of the relative stand -aloneselling price of each distinct good or service to be delivered; and recognizes revenue when or as each performance