Company: OSRH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076461
Chunk: 30

Company: OSR Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
    $27,765,222  
    $          -  
    $        -  
    $(1,183,341) 
    $26,581,881 

(15)
Intangible assets, net

The acquired intangible assets, all
of which are being amortized, have an average useful life of approximately 20 years. Intangible assets consist of the following as of
June 30, 2025 and December 31, 2024.

     For the six months ended June 30, 2025     Average  useful life  Gross carrying amount   Accumulated amortization   Net carrying amount   Technology license  20 years  $106,021   $85,246   $20,775   Customer relationship  20 years   627,608    313,804    313,804   Patent technology  20 years   178,617,701    23,362,860    155,254,841         $179,351,330   $23,761,910   $155,589,419  

     For the six months ended December 31, 2024      Average  useful life  Gross carrying amount   Accumulated amortization   Net carrying amount   Technology license  20 years  $97,828   $78,439   $19,389   Customer relationship  20 years   579,107    231,643    347,464   Patent technology  20 years   164,814,319    17,124,320    147,690,000         $165,491,254   $17,434,402   $148,056,852  

Accumulated amortization expense for
intangible assets is $4,624,214 and $5,672,590 for the six months ended June 30, 2025 and 2024, respectively.

20

(16)
Short-term borrowings

The Group has a loan agreement with
Bellevue Capital Management Europe AG and as of June 30, 2025, the outstanding balance was $860,000 (3.00% interest rate at June 30,
2025), which matures in 2025.

The Group has multiple loan agreements
with an individual and as of June 30