Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 384

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 384
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 and a lease liability at the lease commencement date. The lease liability is initially measured at the present value of the lease payments, discounted using the lessee’s incremental borrowing rate. The Company determines its incremental borrowing rate by obtaining interest rates from various external financing sources. The right-of-useasset is initially measured at cost, which comprises the initial amount of the lease liability, adjusted for any lease payments made at or before the commencement date, less any lease incentives received, plus any initial direct costs incurred and an estimate of costs to be incurred in restoring the underlying asset. The right-of-useasset is subsequently depreciated using the straight-line method over the shorter of the useful life of the right-of-useasset or the lease term. The lease liability is F-115

PayNow Inc. Notes to the Financial Statements (Continued) subsequently measured at amortized cost using the effective interest method. It is re-measured(i) if there is a change in the lease term; (ii) if there is a change in future lease payments arising from a change in an index or a rate; (iii) if there is a change in the amounts expected to be payable under a residual value guarantee; or (iv) if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is re-measuredin the circumstances aforementioned, a corresponding adjustment is made to the carrying amount of the right-of-useasset. However, if the carrying amount of the right-of-useasset is reduced to zero, any remaining amount of the re-measurementis recognized in profit or loss. Lease payments included in the measurement of the lease liability comprise the following:

| (1) | fixed payments, including in-substance fixed payments. |

| (2) | the exercise price under a purchase option that the Company is reasonably certain to exercise and lease      
 payments in an optional renewal period if the Company is reasonably certain to exercise an extension option. |

Moreover, the lease liability is remeasured when lease modifications occur that decrease the scope of the lease. The Company accounts for the remeasurement of the lease liability by decreasing the carrying amount of the right-of-useasset to reflect the partial or full termination of the lease and recognizes in profit or loss any gain or loss relating to the partial or full termination of the lease.

| (g) | Impairment of Non-Financial Assets |

At each reporting date, the Company reviews the carrying amounts of its nonfinancial assets to determine whether there is any indication of impairment. If any