Company: OSRH
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109054
Chunk: 29

Company: OSR Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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    September 30, 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 nine months ended September 30, 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) Equipment and vehicles, net

Equipment and vehicles consist as of September
30, 2025 and December 31, 2024:

    September 30,
 2025  
    December 31,
 2024 
  
    Office equipment 
    $35,957  
    $26,912 
  
    Tools and instruments 
     23,784  
     22,687 
  
    Machinery and equipment 
     23,327  
     22,251 
  
    Facilities 
     206,906  
     210,613 
  
    Vehicles 
     9,828  
     9,375 
  
    Construction in progress 
     89,859  
     - 

     389,661  
     291,838 
  
    Less accumulated depreciation 
     (291,552) 
     (289,504)
  
    Equipment and vehicles, net 
    $98,109  
    $2,334 

20

(14)Goodwill

Changes of goodwill for the nine months
ended September 30, 2025 and 2024 are as follows