Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 388

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 388
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 |     |             |    962,050 |     |        |         — |     |           |   962,050 |     |         | — |
| Lease liabilities (including current portion) |     |          |  4,292,469 |     |             |  4,366,681 |     |        | 2,909,438 |     |           | 1,457,243 |     |         | — |
| Total                                         |     | $        | 10,345,867 |     |             | 10,420,079 |     |        | 8,000,786 |     |           | 2,419,293 |     |         | — |

The Company does not expect the cash flows included in the maturity analysis to occur significantly earlier or at significantly different amounts.

| (c) | Fair value of financial instruments |

Fair value of financial instruments that are not measured at fair value The Company considers that the carrying amounts of financial instruments measured at amortized cost, accounts payable, and other payables approximate their fair values due to the short-term maturities of such instruments. F-123

PayNow Inc. Notes to the Financial Statements (Continued) NOTE 14. Financial risk management Risk management framework The Company’s risk management policies are established to identify and analyze the risks faced by the Company to assess the impact of risks and implement policies that circumvent risks. The Company Board of Directors oversees how management monitors compliance with the Company’s risk management policies and procedures and reviews the adequacy of the risks management framework in relation to the risks faced by the Company.

| (a) | Credit risk management |

Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial losses to the Company. The Company is exposed to credit risks from operating activities, primarily accounts receivable, and from investing activities, primarily financial instruments with banks.

| 1. | Accounts and other receivables |

The Company has established a credit policy conducting a credit assessment for each new merchant before the Company’s standard payment and delivery terms and conditions are offered. Purchase limits are established for each merchant, representing the maximum open amount without requiring approval. These limits are reviewed quarterly.

| 2. | Guarantees |

As of April 30, 2023, no other guarantees were outstanding.

| (b) | Liquidity risk management |

The objective of liquidity risk management is to ensure the Company has sufficient liquidity to fund its business requirements