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

Company: OSR Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
 Loan 
     -  
     326,820  
     -  
     306,494 
  
    Total 
    $54,552  
    $349,964  
    $54,422  
    $329,252 

(11)Other
assets

Details
of other assets as of March 31, 2025 and December 31, 2024 are as follows:

    March 31, 2025  
    December 31, 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