Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 329

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 329
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     |             |          |   |     |          |            |   |     |            |            |   |     |       |            |   |     | $         | (9,057,030 | ) |

F-48

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued) The Company has recognized the following contract liabilities in relation to revenue from contracts with customers:

|                                |     |   | December 31, 
         2023 |     |     | December 31, 
         2022 |
|:-------------------------------|:----|:--|-------------:|:----|:----|-------------:|
| Contract liabilities - current |     | $ |    1,268,303 |     |     |    1,270,284 |

Revenue recognized in the current reporting period amounted to $808,664 and $482,022 for the years ended December 31, 2023 and 2022, respectively. The changes in contract liabilities were mainly due to the time differences when the Company provided services that satisfy its obligation to the customer and when the payment is disbursed by the customer.

| (d) | Geographic information |

Revenue from external customers and assets of the Company are mainly located in Taiwan.

| (e) | Major customers |

The customer base of the Company is large and diversified, and none of which contributes 10% or more to the Company’s revenue.

| NOTE 28. | The Nature of Expenses |

| (a) | Depreciation of property, plant and equipment |

|                                  |     |   |    2023 |     |     |    2022 |
|:---------------------------------|:----|:--|--------:|:----|:----|--------:|
| Recognized in cost of revenues   |     | $ | 287,788 |     |     | 311,400 |
| Recognized in operating expenses |     |   | 581,914 |     |     | 616,169 |
| Total                            |     | $ | 869,702 |     |     | 927,569 |

| (b) | Amortization of intangible assets |

|                                  |     |   |   2023 |     |     |   2022 |
|:---------------------------------|:----|:--|-------:|:----|:----|-------:|
| Recognized in cost of revenues