Company: OSRH
Filing Date: 2025-04-22
Form Type: 10-K
Source: 0001213900-25-034116
Chunk: 1193

Company: OSR Holdings, Inc.
Filing Date: 2025-04-22
Form: 10-K
Item: Item 4
Chunk 1193
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   - 

The following table presents
information about the Company’s assets that are measured at fair value on December 31, 2023, and indicates the fair value
hierarchy of the valuation inputs the Company utilized to determine such fair value:

    December 31,  
    Quoted Prices In Active Markets  
    Significant Other Observable Inputs  
    Significant  Other Unobservable Inputs 

    2023  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    Investments held in Trust Account 
    $36,605,106  
    $36,605,106  
    $           -  
    $             - 

There were no transfers between Levels
1, 2 and 3 during the years ended December 31, 2024 and 2023.

F-23

OSR HOLDINGS, INC.

(f/k/a Bellevue Life Sciences Acquisition Corp.) 

NOTES TO
CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

NOTE 9–SEGMENT REPORTING

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their consolidated financial statement information about operating segments, products,
services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial
information is available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and
assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assess performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the consolidated statements of operations as
net income or loss. The measure of segment assets is reported on the consolidated balance sheets as total assets. When evaluating the
Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include
the following:

    For the  Year Ended  December 31, 
    2024  
    For the  Year Ended  December 31, 
    2023 
  
    General and administrative expenses 
    $3