Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 150

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 150
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2023.

Other Losses

Other losses increased from US$905 in 2022 to US$24,288 in 2023, due to the loss from disposal of assets.

Other Income

Other income decreased from US$179,495 in 2022 to US$154,226 in 2023, due to a one-time settlement of a
payable in 2022, resulting in an increase in other income for the year as the obligation no longer persisted.

Finance Costs

Our finance costs increased from US$133,484 in 2022 to US$137,210 in 2023, due to interest expenses from the acquiree, PayNow.

Total Comprehensive Loss

As a result of the foregoing, our total comprehensive loss decreased from US$7.2 million in 2022 to US$6.8 million in 2023.

105

Liquidity and Capital Resources

Cash Flows and Working Capital

Our liquidity strategy involves maintaining a balance between adequate cash reserves and capital investments to support our growth initiatives.
We have implemented robust cash management policies to ensure that we meet our short-term and long-term financial obligations while optimizing the use of our resources. Our principal source of liquidity has been cash generated from our operations,
bank borrowings and loans from related parties and fund raising through equity financing and SAFE Agreements. As of December 31, 2022, December 31, 2023 and September 30, 2024, our cash was US$2.6 million, US$4.9 million and US$6.3 million,
respectively. Cash comprises cash on hand and demand deposits, which we can access without any restrictions. Our cash is primarily denominated in U.S. dollars. As of September 30, 2024, our long-term borrowings (including current portion) from banks
and financial institutions were US$1.3 million, which consisted of term loans from banks and financial institutions in Taiwan. As of September 30, 2024, our borrowings from related parties were US$1.8 million, which were interest-free loans from our
controlling shareholders. See “Related Party Transactions—Other Transactions with Related Parties.” We entered into SAFE agreements with certain investors in 2022 and 2023, in the aggregate amounts of US$1.4 million and US$0.4 million
in 2022 and 2023, respectively; all rights issued in connection with such SAFE agreements have been converted into Class A