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style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 29, 2019, JE Cleantech Holdings Limited (the “Company”) was incorporated in the Cayman Islands, as an investment holding company. The Company conducts its primary operations through its indirectly held wholly owned subsidiaries that are incorporated and domiciled in Singapore, namely: 1.) by JCS-Echigo Pte. Ltd. (‘‘JCS-Echigo’’) which is principally engaged in the manufacture and sale of cleaning systems, related cleaning equipment, equipment parts and components, and 2.) Hygieia Warewashing Pte. Ltd. (‘‘Hygieia’’) which is principally engaged in the provision of centralized <span style="-sec-ix-redline: true">dishwashing and ancillary </span>services. The Company holds JCS-Echigo via its wholly owned subsidiary JE Cleantech International Ltd (“JEC International”), a company that is incorporated and domiciled in the British Virgin Islands; Hygenia is a wholly owned subsidiary of the JCS-Echigo. JCS-Echigo wholly owns Evoluxe Pte. Ltd (“Evoluxe”) which is also incorporated and domiciled in Singapore, which, as of the date of the report, is dormant. The Company is headquartered in Singapore and conducts its operations domestically.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_893_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_zFKI2c2m6c4j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company and its subsidiaries are in the table as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span id="xdx_8BD_zwtGPu39Wom4" style="display: none"><span>SCHEDULE OF SUBSIDIARIES</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="19" style="border-bottom: Black 1.5pt solid; text-align: center">Percentage of effective ownership</td></tr> <tr style="vertical-align: bottom"> <td colspan="19" style="border-bottom: Black 1.5pt solid; text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Name</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Date of <br/> Incorporation</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2019</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2020</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Place of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>incorporation</b></span></p></td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Principal <br/> Activities</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_986_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zcS0WcP0ashi" style="text-align: left" title="Subsidiary company name">JE Cleantech Holdings Limited</td><td> </td> <td style="text-align: center"><span id="xdx_90F_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zAHVNcjEitL" title="Date of incorporation">January 29, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zXLyon9dZQB2" style="text-align: right" title="Ownership percentage"><span style="-sec-ix-hidden: xdx2ixbrl0628">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zYz2HSMxOu2l" style="text-align: right" title="Ownership percentage"><span style="-sec-ix-hidden: xdx2ixbrl0630">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zMAo2lHd0vm2" style="text-align: right" title="Ownership percentage"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0632">-</span></span></td><td style="text-align: left"> </td><td> </td> <td id="xdx_984_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zLxawkAyJOF1" style="text-align: center" title="Place of incorporation">Cayman Islands</td><td> </td> <td id="xdx_985_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zdYLo4DC1APi" style="text-align: center" title="Principal activities">Investment holding</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98A_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zgKxwjLGQz6a" style="width: 17%; text-align: left">JE Cleantech International Ltd</td><td style="width: 2%"> </td> <td style="width: 14%; text-align: center"><span id="xdx_905_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zfT4O0uS2mT8" title="Date of incorporation">April 9, 2018</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zL8zC53psKO8" style="width: 9%; text-align: right" title="Ownership percentage">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_z2qstjPvvZXl" style="width: 9%; text-align: right" title="Ownership percentage">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_znCZc8af5ipd" style="width: 9%; text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td id="xdx_984_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zmRwYQy6yNbh" style="width: 12%; text-align: center" title="Place of incorporation">The British <br/> Virgin Islands</td><td style="width: 2%"> </td> <td id="xdx_980_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zan9BA5gvZLl" style="width: 12%; text-align: center" title="Principal activities">Investment holding</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98D_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zERxLH5Jvbe8" style="text-align: left">JCS- Echigo Pte. Ltd.</td><td> </td> <td style="text-align: center"><span id="xdx_905_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_z1hKFF2LXqBa">November 25, 1999</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zHOATRl9MfOk" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zPoGIyFapzl6" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zhoFLmIZ6wf5" style="text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_987_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zXTNGPtWL6Nk" style="text-align: center">Singapore</td><td> </td> <td id="xdx_98F_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zIRHLJ74SPM3" style="text-align: center" title="Principal activities">Manufacturing, selling and servicing of cleaning systems, component and parts</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_986_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zzN99Poyllxi" style="text-align: left">Hygieia Warewashing Ptd. Ltd.</td><td> </td> <td style="text-align: center"><span id="xdx_903_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zM88Gidq2ZBb">December 29, 2010</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zUqLYSfAWmld" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zdNfaiNFD6L1" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zWlToCNDN2Cf" style="text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_980_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zD2vq1miLN9" style="text-align: center">Singapore</td><td> </td> <td id="xdx_982_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zP766axmEhma" style="text-align: center" title="Principal activities">Provision of centralized dishware washing services and leasing of dishware washing equipment</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_981_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_z5RH7tgCkpQc" style="text-align: left">Evoluxe Pte. Ltd</td><td> </td> <td style="text-align: center"><span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zys2PAuD3ROl">May 6, 2016</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zOEIb0DXAreb" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_z0cHhT5qltU4" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zYeQaUCjiII2" style="text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_98D_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zkpbk6Sildi4" style="text-align: center">Singapore</td><td> </td> <td id="xdx_984_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_z44UNbOmIvl8" style="text-align: center">Dormant</td></tr> </table> <p id="xdx_8AD_zZ8iaQIzBIU7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying financial statements are presented assuming that the Company was an existence at the beginning of the first period presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_893_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_zFKI2c2m6c4j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company and its subsidiaries are in the table as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span id="xdx_8BD_zwtGPu39Wom4" style="display: none"><span>SCHEDULE OF SUBSIDIARIES</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%"> <tr style="vertical-align: bottom"> <td colspan="19" style="border-bottom: Black 1.5pt solid; text-align: center">Percentage of effective ownership</td></tr> <tr style="vertical-align: bottom"> <td colspan="19" style="border-bottom: Black 1.5pt solid; text-align: center">December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Name</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Date of <br/> Incorporation</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2019</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2020</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Place of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>incorporation</b></span></p></td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Principal <br/> Activities</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_986_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zcS0WcP0ashi" style="text-align: left" title="Subsidiary company name">JE Cleantech Holdings Limited</td><td> </td> <td style="text-align: center"><span id="xdx_90F_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zAHVNcjEitL" title="Date of incorporation">January 29, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zXLyon9dZQB2" style="text-align: right" title="Ownership percentage"><span style="-sec-ix-hidden: xdx2ixbrl0628">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zYz2HSMxOu2l" style="text-align: right" title="Ownership percentage"><span style="-sec-ix-hidden: xdx2ixbrl0630">-</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zMAo2lHd0vm2" style="text-align: right" title="Ownership percentage"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0632">-</span></span></td><td style="text-align: left"> </td><td> </td> <td id="xdx_984_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zLxawkAyJOF1" style="text-align: center" title="Place of incorporation">Cayman Islands</td><td> </td> <td id="xdx_985_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zdYLo4DC1APi" style="text-align: center" title="Principal activities">Investment holding</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_98A_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zgKxwjLGQz6a" style="width: 17%; text-align: left">JE Cleantech International Ltd</td><td style="width: 2%"> </td> <td style="width: 14%; text-align: center"><span id="xdx_905_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zfT4O0uS2mT8" title="Date of incorporation">April 9, 2018</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zL8zC53psKO8" style="width: 9%; text-align: right" title="Ownership percentage">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_z2qstjPvvZXl" style="width: 9%; text-align: right" title="Ownership percentage">100</td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_znCZc8af5ipd" style="width: 9%; text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td id="xdx_984_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zmRwYQy6yNbh" style="width: 12%; text-align: center" title="Place of incorporation">The British <br/> Virgin Islands</td><td style="width: 2%"> </td> <td id="xdx_980_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JECleantechInternationalLtdMember_zan9BA5gvZLl" style="width: 12%; text-align: center" title="Principal activities">Investment holding</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98D_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zERxLH5Jvbe8" style="text-align: left">JCS- Echigo Pte. Ltd.</td><td> </td> <td style="text-align: center"><span id="xdx_905_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_z1hKFF2LXqBa">November 25, 1999</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zHOATRl9MfOk" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zPoGIyFapzl6" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zhoFLmIZ6wf5" style="text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_987_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zXTNGPtWL6Nk" style="text-align: center">Singapore</td><td> </td> <td id="xdx_98F_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--JCSEchigoPteLtdMember_zIRHLJ74SPM3" style="text-align: center" title="Principal activities">Manufacturing, selling and servicing of cleaning systems, component and parts</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_986_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zzN99Poyllxi" style="text-align: left">Hygieia Warewashing Ptd. Ltd.</td><td> </td> <td style="text-align: center"><span id="xdx_903_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zM88Gidq2ZBb">December 29, 2010</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zUqLYSfAWmld" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zdNfaiNFD6L1" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zWlToCNDN2Cf" style="text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_980_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zD2vq1miLN9" style="text-align: center">Singapore</td><td> </td> <td id="xdx_982_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--HygieiaWarewashingPtdLtdMember_zP766axmEhma" style="text-align: center" title="Principal activities">Provision of centralized dishware washing services and leasing of dishware washing equipment</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_981_ecustom--NameOftheCompany_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_z5RH7tgCkpQc" style="text-align: left">Evoluxe Pte. Ltd</td><td> </td> <td style="text-align: center"><span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_dd_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zys2PAuD3ROl">May 6, 2016</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20191231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zOEIb0DXAreb" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20201231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_z0cHhT5qltU4" style="text-align: right">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_c20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zYeQaUCjiII2" style="text-align: right"><span style="-sec-ix-redline: true">100</span></td><td style="text-align: left">%</td><td> </td> <td id="xdx_98D_ecustom--PlaceOfIncorporation_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_zkpbk6Sildi4" style="text-align: center">Singapore</td><td> </td> <td id="xdx_984_ecustom--PrincipalActivities_c20210101__20211231__srt--ConsolidatedEntitiesAxis__custom--EvoluxePteLtdMember_z44UNbOmIvl8" style="text-align: center">Dormant</td></tr> </table> JE Cleantech Holdings Limited 2019-01-29 Cayman Islands Investment holding JE Cleantech International Ltd 2018-04-09 1 1 1 The British Virgin Islands Investment holding JCS- Echigo Pte. Ltd. 1999-11-25 1 1 1 Singapore Manufacturing, selling and servicing of cleaning systems, component and parts Hygieia Warewashing Ptd. Ltd. 2010-12-29 1 1 1 Singapore Provision of centralized dishware washing services and leasing of dishware washing equipment Evoluxe Pte. Ltd 2016-05-06 1 1 1 Singapore Dormant <p id="xdx_80D_eus-gaap--SignificantAccountingPoliciesTextBlock_ztaE52moHa9e" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2. <span id="xdx_82C_z1daB9uqPAU">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84F_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zVjasYAi2io2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) <span id="xdx_869_zVU0QJf58GN1">Basis of presentation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements <span style="-sec-ix-redline: true">have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the regulations of the Securities and Exchange Commission (“SEC”).</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></span></p> <p id="xdx_841_eus-gaap--ConsolidationPolicyTextBlock_znuuXtk8CNI8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) <span id="xdx_861_zXOyEtQT51Bh">Consolidation</span></i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company transactions, if any, and balances due to, due from, long-term investment subsidiary, and registered paid in capital have been eliminated upon consolidation.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></span></p> <p id="xdx_84C_eus-gaap--UseOfEstimates_zBWYUtB10ohc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) <span id="xdx_863_z68DleHjuYy2">Use of estimates</span></i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to allowance for uncollectible accounts receivable, inventory valuation, useful lives and impairment for property, plant and equipment, valuation allowance for deferred tax assets, fair value of financial instruments, warranty liabilities, and contingencies. Actual results could vary from the estimates and assumptions that were used.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></span></p> <p id="xdx_84C_ecustom--RisksAndUncertaintiesPolicyTextBlock_zmDFRUMzw5L7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d) <span id="xdx_86E_zxeEE2oH9fHi">Risks and uncertainties</span></i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The main operations of the Company are located in Singapore. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Singapore, as well as by the general state of the economy in Singapore. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Singapore. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could significantly disrupt the Company’s operations.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations may be further affected by the ongoing outbreak of COVID-19 (the ‘‘Outbreak’’) which in March 2020, had been declared as a pandemic by the World Health Organization. In light of the Outbreak, the Singapore Government had implemented an elevated set of safe distancing measures to pre-empt the trend of increasing local transmission of COVID-19 from April 7</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> 2020 to June 1 2020 (inclusive). On May 19 2020, the Singapore Government further announced that a controlled approach would be implemented to resume economic and community activities and progressively lift the relevant control measures in place after June 1 2020 over three phases. The three phases comprise (a) a ‘‘Safe Re-opening’’ phase which was implemented from June 2 2020 to June 18 2020 (inclusive) (‘‘Phase 1’’); (b) a ‘‘Safe Transition’’ phase which was implemented with effect from June 19 2020 (‘‘Phase 2’’); and (c) a ‘‘Safe Nation’’ phase, which was implemented from December 28 2020 (‘‘Phase 3’’) whereby social, cultural, religious and business gatherings or events were resumed, although gathering sizes still had to be limited in order to prevent large clusters from arising, and services and activities that involve significant prolonged close contact or significant crowd management risk in an enclosed space also were allowed to be re-opened, subject to their ability to implement strict safe management measures effectively (“Phase 3”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Between May 1, 2020 and August 6, 2021, the Singapore government introduced two phases, namely the Phase 2 (Heightened Alert) and Phase 3 (Heightened Alert), along with the easing of certain measures within each of such phases. In summary, the Phase 2 (Heightened Alert) measures which were in effect from May 16, 2020 to June 13, 2021, included reductions in prevailing social gathering group size, sizes of larger scale events or activities and reinstatement of “work-from-home” as the default at workplaces to minimize workplace interactions, and the Phase 3 (Heightened Alert) measures, which were in effect from June 14, 2021 to July 19, 2021, was contemplated as a calibrated reopening and included increases in social gathering group sizes, event size and capacity limits, and subsequently the resumption of dining in at food and beverage establishments. On July 2, 2021, the Singapore government announced the reversion back to Phase 2 (Heightened Alert) measures from July 22, 2021 to August 18, 2021 which superseded the measures introduced on July 19, 2021, during which “work from home” remained the default, employers who needed staff to return to workplaces were required to ensure that there was no cross-deployment at various worksites, enforce staggered start times and flexible working hours and social gatherings at workplaces were not allowed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 6, 2021, the Singapore government announced the easing of some safe management measures, with the first phase to take effect on August 10, 2021 and the second phase to take effect on August 19, 2021, which superseded those introduced on July 22, 2021 as part of Singapore’s transition towards COVID-19 resilience, which included an increase in social gathering group size, event size and capacity limits for fully vaccinated individuals and easing of “work-from-home” requirements. A further easing of community measures was announced on August 19, 2021. Subsequently, on September 24, 2021, the Singapore government announced a tightening of safe management measures during the stabilization period between September 27, 2021 and October 24, 2021, given the exponential rise in COVID-19 cases from the end of August 2021. Imposition of these measures was later extended to November 21, 2021. It is expected that in this phase and until an effective vaccine or treatment is developed, social, cultural, religious and business gatherings or events will resume, subject to limits on the size of such gatherings. The Company has generally resumed normal business operations during Phase 2 and Phase 3. On <span style="-sec-ix-redline: true">December 22, 2021, in response to the global emergence of the Omicron variant, the Singapore government introduced travel restrictions for affected countries or regions and enhanced the testing requirements for travelers. Effective March 29, 2022, the Singapore government significantly eased COVID-19 restrictions by, among other things, lifting the requirement to wear masks outdoors, doubling the group size limit to 10 people and lifting the ban on alcohol sales in pubs and eateries after 10:30 p.m. It also eased testing and quarantine requirements for travelers and declared that up to 75% of employees who can work from home are allowed to return to their workplaces. Effective April 26, 2022, the Singapore government further eased COVID-19 restrictions by, among other things, (i) allowing employees to remove their masks at their workstations when they are not interacting physically with others and when they are not in customer-facing areas; (ii) removing the group size limit and safe distancing requirement between individuals or between groups; (i) allowing all employees to return to their workplaces; and (iv) removing all capacity limits.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The directors of the Company consider that the impact of the Outbreak has been and will be further alleviated by the measures announced by the Singapore Government. As the situation continues to evolve, the directors of the Company will continue to closely monitor further effect that could be caused by the Outbreak on the Company’s operation and financial position.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84E_ecustom--ForeignCurrencyTranslationAndTransactionAndConvenienceTranslationPolicyTextBlock_zR5Gp6grb3h4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(e) <span id="xdx_867_zGtQG3ywdYDf">Foreign currency translation and transaction and Convenience translation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements are presented in the Singaporean dollar (“$”), which is the reporting currency of the Company. The functional currency of the Company and its subsidiary JEC International are the USD and HKD, respectively. JCS-Echigo, Hygenia, and Evoluze use the Singaporean dollar as their functional currencies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Translation gains and losses are recognized in the consolidated statements of operations and comprehensive loss as other comprehensive income or loss. Transactions in currencies other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of income and comprehensive income as other income (other expenses).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The value of foreign currencies including, the US Dollar and Hong Kong Dollar, may fluctuate against the Singaporean Dollar. Any significant variations of the aforementioned currencies relative to the Singaporean Dollar may materially affect the Company’s financial condition in terms of reporting in SGD. The following table outlines the currency exchange rates that were used in preparing the accompanying consolidated financial statements:</span></p> <p id="xdx_891_eus-gaap--ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock_zE0ezZzvwRv3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B1_zFRjevm1EOVj" style="font-family: Times New Roman, Times, Serif; display: none; font-size: 10pt">SCHEDULE OF CURRENCY EXCHANGE RATES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 1in"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: justify">SGD to HKD Year End</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zE1H0oAgRHd3" style="width: 12%; text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.9220</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zjYF82Jbeaj3" style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">5.8300</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">SGD to HKD Average Rate</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zIA6uANyqTXc" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.7065</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zrqYoLZ8Tkg6" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.8348</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">SGD to USD Year End</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--USDMember_za4sDzHailhd" style="text-align: right"><span style="-sec-ix-redline: true">0.7467</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--USDMember_z6ER5SS6hDIj" style="text-align: right"><span style="-sec-ix-redline: true">0.7396</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">SGD to USD Average Rate</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--USDMember_zS4dTJvvE4Ef" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">0.7251</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--USDMember_zMi5dbU9oqa6" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">0.7450</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AB_zPhSRkmfgRKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Translations of the consolidated balance sheets, consolidated statements of comprehensive loss and consolidated statements of cash flows from SGD into US$ as of and for the year ended December 31, <span style="-sec-ix-redline: true">2021</span> are solely for the convenience of the reader and were calculated at the rate of <span style="-sec-ix-redline: true">US$<span id="xdx_909_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_c20211231__us-gaap--AwardTypeAxis__custom--USDMember_zPSLteFllyD3">0.7396 </span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">= SGD$<span id="xdx_90D_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_c20211231__us-gaap--AwardTypeAxis__custom--SGDMember_znO7drMdmiO7">1</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, as set forth in the statistical release of the Federal Reserve System on <span style="-sec-ix-redline: true">December 30, 2021.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84C_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zE52mi1rsGP1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(f) <span id="xdx_86B_zFXHmPcm2XOj">Fair Value Measurement</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair value:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1 applies to assets or liabilities for which there are quoted prices, in active markets for identical assets or liabilities.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, financial instruments, deferred financing costs, bank loans, leases, accounts payables and accruals, warranty liabilities, and contract liabilities and are financial assets and liabilities. Cash and cash equivalents, accounts receivables, prepaid expenses and other currents, accounts payables and accruals, warranty liabilities, and contract liabilities are subject to fair value measurement; however, because of their being short term in nature management believes their carrying values approximate their fair value. Financial instruments are fair value financial assets that are marked to fair value and are accounted for under as Level 3 under the above hierarchy. The Company accounts for bank loans and leases at amortized cost and has elected NOT to account for them under the fair value hierarchy.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_842_ecustom--RelatedPartiesPolicyTextBlock_zoLy4qAzfly1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(g) <span id="xdx_86A_zlBmu1eGTPZ9">Related parties</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We adopted ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_842_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zumLIsULuwCk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(h) <span id="xdx_86D_z1Djp3HuPLa1">Cash and cash equivalents</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents consist of cash on hand, the Company’s demand deposit placed with financial institutions, which have original maturities of less than three months and unrestricted as to withdrawal and use.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84C_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_z7S9ft1Uyzh3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(i) <span id="xdx_869_zIvSnH6VFMDk">Restricted cash</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted cash are bank deposits that are pledge to the bank as security for outstanding loans and bank borrowings. The carrying amount for restricted cash was $<span id="xdx_90E_eus-gaap--RestrictedCash_iI_c20211231_zEo6cZuj5t66" title="Restricted cash">0</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, and $<span id="xdx_90E_eus-gaap--RestrictedCash_iI_c20201231_zZ3FPl8vv3ll" title="Restricted cash">0</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">as of <span style="-sec-ix-redline: true">December 31, 2021</span> and 2020, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_842_eus-gaap--TradeAndOtherAccountsReceivablePolicy_zRLBfwS8acm1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(j) <span id="xdx_86B_z4Fjco6RrA25">Accounts Receivable, net</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable, net are stated at the original amount less an allowance for expected credit loss on such receivables. The allowance for expected credit loss is estimated based upon the Company’s assessment of various factors including historical experience, the age of the accounts receivable balances, current general economic conditions, future expectations and customer specific quantitative and qualitative factors that may affect the Company’s customers’ ability to pay. An allowance is also made when there is objective evidence for the Company to reasonably estimate the amount of probable loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84E_eus-gaap--InventoryPolicyTextBlock_zixEHBRic5wj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(k) <span id="xdx_86C_zcZYQe5q9hl2">Inventories</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventories are measured at the lower of cost and net realizable value. The cost of inventories is based on the first-in, first-out principle, and includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. In the case of manufactured inventories and work in progress, cost includes an appropriate share of production overheads based on normal operating capacity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_848_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zXMD39eB1NP8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(l) <span id="xdx_869_zqDUJJELVGH7">Property, plant and equipment, net</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment are stated at cost less accumulated depreciation and impairment, if any, and depreciated on a straight-line basis over the estimated useful lives of the assets. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its intended use. Estimated useful lives are as follows:</span></p> <p id="xdx_895_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_z7XMzrzLY5Ze" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zL1N9ovSK3qf" style="display: none">SCHEDULE OF ESTIMATED USEFUL LIVES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 35%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Category</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; white-space: nowrap; width: 2%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 63%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated useful lives</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Land use right</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentEstimatedUsefulLives_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--LandUseRightMember_zsz78TH3krl8" title="Property plant and equipment estimated useful lives">Over the lease term</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leasehold buildings</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--LeaseholdBuildingsMember_zhv854b5pTja" title="Leasehold buildings">30</span> years</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plant and machinery</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zMpXcosEBdp1" title="Plant and machinery">5</span> to <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zPHeP4csltCf">10</span> years</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equipment, furniture and fittings</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MinimumMember_z9uiDVZ4jX8i" title="Equipment furniture and fittings">1</span>-<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MaximumMember_zByl9fSSkLUf">5</span> years</span></td></tr> </table> <p id="xdx_8AD_zvr2QR6Zo9E7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenditure for repair and maintenance costs, which do not materially extend the useful lives of the assets, are charged to expenses as incurred, whereas the expenditure for major renewals and betterment that substantially extends the useful lives of property and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the costs, accumulated depreciation and impairment with any resulting gain or loss recognized in the consolidated statements of income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84F_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_z0rhBlMja8g8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(m) <span id="xdx_866_zkF9eiaDWLU4">Impairment of long-lived assets</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Company measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets, using the expected future discounted cash flows. <span id="xdx_90A_eus-gaap--ImpairmentOfLongLivedAssetsToBeDisposedOf_do_c20210101__20211231_zg2lMdE9h3ta">No </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">impairment of long-lived assets was recognized as of December 31, <span style="-sec-ix-redline: true">2021</span> and <span style="-sec-ix-redline: true">2020.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84F_eus-gaap--RevenueFromContractWithCustomerPolicyTextBlock_zgb44hCZa9dd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(n) <span id="xdx_86D_z7jNaKPKFbqa">Contract liabilities</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A contract liability is recognized when the customer pays non-refundable consideration before the Company recognizes the related revenue. A contract liability would also be recognized if the Company has an unconditional right to receive nonrefundable considerations before the Company recognizes the related revenue. In such cases, a corresponding receivable would also be recognized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_846_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zjsacZA9NDQ1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(o) <span id="xdx_869_zFUXDKHbU54a">Commitments and contingencies</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the normal course of business, the Company is subject to commitments and contingencies, including operating lease commitments, legal proceedings and claims arising out of its business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable that a loss will occur, and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances of each matter.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84B_eus-gaap--RevenueRecognitionPolicyTextBlock_zWeYgeuffNkg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(p) <span id="xdx_867_zsN8X3HRdyCl">Revenue recognition</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In May 2014, the FASB issued Topic 606, “Revenue from Contracts with Customers”. This topic clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP. Simultaneously, this topic supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company currently generates its revenue from the following main sources:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Revenue from good sold and services provided</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from sales of goods and services in the ordinary course of business is recognized when the Company satisfies a performance obligation (‘‘PO’’) by transferring control of a promised good or service to the customer. The amount of revenue recognized is the amount of the transaction price allocated to the satisfied PO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The transaction price is allocated to each PO in the contract on the basis of the relative stand-alone selling prices of the promised goods or services. The individual standalone selling price of a good or service that has not previously been sold on a stand-alone basis, or has a highly variable selling price, is determined based on the residual portion of the transaction price after allocating the transaction price to goods and/or services with observable stand-alone selling price. A discount or variable consideration is allocated to one or more, but not all, of the performance obligations if it relates specifically to those performance obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transaction price is the amount of consideration in the contract to which the Group expects to be entitled in exchange for transferring the promised goods or services. The transaction price may be fixed or variable and is adjusted for time value of money if the contract includes a significant financing component. Consideration payable to a customer is deducted from the transaction price if the Group does not receive a separate identifiable benefit from the customer. When consideration is variable, if applicable, the estimated amount is included in the transaction price to the extent that it is highly probable that a significant reversal of the cumulative revenue will not occur when the uncertainty associated with the variable consideration is resolved.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue may be recognized at a point in time or over time following the timing of satisfaction of the PO. If a PO is satisfied over time, revenue is recognized based on the percentage of completion reflecting the progress towards complete satisfaction of that PO. Typically, POs for products where the process is described as below, the PO is satisfied at point in time. POs for services are more typically satisfied over time such as in the contracts for sterilization and sanitation service where the Company delivers service daily over the course of a month, and the Company will recognize revenue and charge the client on a monthly basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the sales of sterilization and cleaning systems, related cleaning equipment, equipment parts and components, the Company typically receives purchase orders from its customers which will set forth the terms and conditions including the transaction price, products to be delivered, terms of delivery, and terms of payment. The terms serve as the basis of the performance obligations that the Company must fulfill in order to recognize revenue. The key performance obligation is the delivery of the finished product to the customer at their location at which point title to that asset passes to the customer. The completion of this earning process is evidenced by a written customer acceptance indicating receipt of the product. The Company includes a warranty on its product for one year from the point of delivery and acceptance. The warranty is antecedent to the performance obligation set forth above; however, management develops an estimate of future warranty costs and accrues that amount to cost of sales in the period that revenue is recognized to the Company’s consolidated statements of income and the corresponding amount to the warrant liabilities on the Company’s consolidated balance sheets. Details on the changes in the warranty liabilities can be found in Note 11 below. Typical payment terms set forth in the purchase order ranges from 30 to 90 days from the date of delivery. The amount of revenue recognized from contract liabilities to the Company’s result of operations can be found in Note 12 below.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Revenue from rental of dishware washing machines</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with ASC 842 Lease Topics. The Company accounts for the rental of dishware washing machines as direct finance leases where, lease income from the prospective of lessor is recognized to the Company’s statement of income straight-line basis over the term of the lease once management has determined that the lease payments are reasonably expected to be collected. The performance obligation under these leasing arrangements is to deliver the unit to the customer at their location and ensure that the equipment is ready for use, and to ensure that the equipment is available for use over the life of the lease contract.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84B_ecustom--CostOfRevenuePolicyTextBlock_zbMayweKcknc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(q) <span id="xdx_86D_z3fXZNf7aXo">Cost of revenue</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of revenue mainly consists of raw material costs, labor costs, sub-contracting costs and production overhead.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_841_ecustom--SellingAndMarketingExpensesPolicyTextBlock_zGhuT3ta67O4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(r) Selling and marketing expenses</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Selling expenses mainly consists of promotion and marketing expenses and transportation expenses. The Company does not carry any capitalized contract acquisition costs that would be amortized to its results of operations over time, and potential expenses related to customer and contract acquisitions costs if any are accounted for as periodic costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84D_eus-gaap--SellingGeneralAndAdministrativeExpensesPolicyTextBlock_z7vTBSuZWDmf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(s) <span id="xdx_860_zhi1QMRFa3Ng">General and administrative expenses</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative expenses mainly consist of staff cost, depreciation, office supplies and upkeep expenses, travelling and entertainment, legal and professional fees, property and related expenses, other miscellaneous administrative expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_847_eus-gaap--LesseeLeasesPolicyTextBlock_z62ztw5uQsYl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(t) <span id="xdx_869_zQrgIk1pJvEl">Operating leases</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Prior to the adoption of ASC 842 on January 1, 2019:</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leases, mainly leases of factory buildings, offices and employee dormitories, where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Payments made under operating leases are recognized as an expense on a straight-line basis over the lease term. The Company had no finance leases for any of the periods stated herein.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Upon and hereafter the adoption of ASC 842 on January 1, 2019:</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liability, and operating lease liability, non-current in the Company’s consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements; and (ii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and (c) initial direct costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_844_eus-gaap--IncomeTaxPolicyTextBlock_zHxjfAX92P5b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(u) <span id="xdx_86B_zWH9VVLtnKG6">Income taxes</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for income taxes under ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The provisions of ASC 740-10-25, “Accounting for Uncertainty in Income Taxes,” prescribe a more-likely-than-not threshold for consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company did not accrue any liability, interest or penalties related to uncertain tax positions in its provision for income taxes line of its consolidated statements of income for the years ended December 31, <span style="-sec-ix-redline: true">2021</span> and <span style="-sec-ix-redline: true">2020,</span> respectively. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84D_eus-gaap--EarningsPerSharePolicyTextBlock_zI2Xk7Xarrub" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(v) <span id="xdx_86A_z7drW2jnnJz1">Earnings per share</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic earnings per share is computed by dividing net earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_841_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zNolJI2MXO1c" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(w) <span id="xdx_86B_zaTbFwcmpLK6">Recent accounting pronouncements</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s audited consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zVjasYAi2io2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(a) <span id="xdx_869_zVU0QJf58GN1">Basis of presentation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements <span style="-sec-ix-redline: true">have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the regulations of the Securities and Exchange Commission (“SEC”).</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></span></p> <p id="xdx_841_eus-gaap--ConsolidationPolicyTextBlock_znuuXtk8CNI8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(b) <span id="xdx_861_zXOyEtQT51Bh">Consolidation</span></i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements include the financial statements of the Company and its subsidiaries. All inter-company transactions, if any, and balances due to, due from, long-term investment subsidiary, and registered paid in capital have been eliminated upon consolidation.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></span></p> <p id="xdx_84C_eus-gaap--UseOfEstimates_zBWYUtB10ohc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(c) <span id="xdx_863_z68DleHjuYy2">Use of estimates</span></i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to allowance for uncollectible accounts receivable, inventory valuation, useful lives and impairment for property, plant and equipment, valuation allowance for deferred tax assets, fair value of financial instruments, warranty liabilities, and contingencies. Actual results could vary from the estimates and assumptions that were used.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></span></p> <p id="xdx_84C_ecustom--RisksAndUncertaintiesPolicyTextBlock_zmDFRUMzw5L7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(d) <span id="xdx_86E_zxeEE2oH9fHi">Risks and uncertainties</span></i></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The main operations of the Company are located in Singapore. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in Singapore, as well as by the general state of the economy in Singapore. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in Singapore. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s business, financial condition and results of operations may also be negatively impacted by risks related to natural disasters, extreme weather conditions, health epidemics and other catastrophic incidents, which could significantly disrupt the Company’s operations.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s operations may be further affected by the ongoing outbreak of COVID-19 (the ‘‘Outbreak’’) which in March 2020, had been declared as a pandemic by the World Health Organization. In light of the Outbreak, the Singapore Government had implemented an elevated set of safe distancing measures to pre-empt the trend of increasing local transmission of COVID-19 from April 7</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> 2020 to June 1 2020 (inclusive). On May 19 2020, the Singapore Government further announced that a controlled approach would be implemented to resume economic and community activities and progressively lift the relevant control measures in place after June 1 2020 over three phases. The three phases comprise (a) a ‘‘Safe Re-opening’’ phase which was implemented from June 2 2020 to June 18 2020 (inclusive) (‘‘Phase 1’’); (b) a ‘‘Safe Transition’’ phase which was implemented with effect from June 19 2020 (‘‘Phase 2’’); and (c) a ‘‘Safe Nation’’ phase, which was implemented from December 28 2020 (‘‘Phase 3’’) whereby social, cultural, religious and business gatherings or events were resumed, although gathering sizes still had to be limited in order to prevent large clusters from arising, and services and activities that involve significant prolonged close contact or significant crowd management risk in an enclosed space also were allowed to be re-opened, subject to their ability to implement strict safe management measures effectively (“Phase 3”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Between May 1, 2020 and August 6, 2021, the Singapore government introduced two phases, namely the Phase 2 (Heightened Alert) and Phase 3 (Heightened Alert), along with the easing of certain measures within each of such phases. In summary, the Phase 2 (Heightened Alert) measures which were in effect from May 16, 2020 to June 13, 2021, included reductions in prevailing social gathering group size, sizes of larger scale events or activities and reinstatement of “work-from-home” as the default at workplaces to minimize workplace interactions, and the Phase 3 (Heightened Alert) measures, which were in effect from June 14, 2021 to July 19, 2021, was contemplated as a calibrated reopening and included increases in social gathering group sizes, event size and capacity limits, and subsequently the resumption of dining in at food and beverage establishments. On July 2, 2021, the Singapore government announced the reversion back to Phase 2 (Heightened Alert) measures from July 22, 2021 to August 18, 2021 which superseded the measures introduced on July 19, 2021, during which “work from home” remained the default, employers who needed staff to return to workplaces were required to ensure that there was no cross-deployment at various worksites, enforce staggered start times and flexible working hours and social gatherings at workplaces were not allowed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 6, 2021, the Singapore government announced the easing of some safe management measures, with the first phase to take effect on August 10, 2021 and the second phase to take effect on August 19, 2021, which superseded those introduced on July 22, 2021 as part of Singapore’s transition towards COVID-19 resilience, which included an increase in social gathering group size, event size and capacity limits for fully vaccinated individuals and easing of “work-from-home” requirements. A further easing of community measures was announced on August 19, 2021. Subsequently, on September 24, 2021, the Singapore government announced a tightening of safe management measures during the stabilization period between September 27, 2021 and October 24, 2021, given the exponential rise in COVID-19 cases from the end of August 2021. Imposition of these measures was later extended to November 21, 2021. It is expected that in this phase and until an effective vaccine or treatment is developed, social, cultural, religious and business gatherings or events will resume, subject to limits on the size of such gatherings. The Company has generally resumed normal business operations during Phase 2 and Phase 3. On <span style="-sec-ix-redline: true">December 22, 2021, in response to the global emergence of the Omicron variant, the Singapore government introduced travel restrictions for affected countries or regions and enhanced the testing requirements for travelers. Effective March 29, 2022, the Singapore government significantly eased COVID-19 restrictions by, among other things, lifting the requirement to wear masks outdoors, doubling the group size limit to 10 people and lifting the ban on alcohol sales in pubs and eateries after 10:30 p.m. It also eased testing and quarantine requirements for travelers and declared that up to 75% of employees who can work from home are allowed to return to their workplaces. Effective April 26, 2022, the Singapore government further eased COVID-19 restrictions by, among other things, (i) allowing employees to remove their masks at their workstations when they are not interacting physically with others and when they are not in customer-facing areas; (ii) removing the group size limit and safe distancing requirement between individuals or between groups; (i) allowing all employees to return to their workplaces; and (iv) removing all capacity limits.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The directors of the Company consider that the impact of the Outbreak has been and will be further alleviated by the measures announced by the Singapore Government. As the situation continues to evolve, the directors of the Company will continue to closely monitor further effect that could be caused by the Outbreak on the Company’s operation and financial position.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84E_ecustom--ForeignCurrencyTranslationAndTransactionAndConvenienceTranslationPolicyTextBlock_zR5Gp6grb3h4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(e) <span id="xdx_867_zGtQG3ywdYDf">Foreign currency translation and transaction and Convenience translation</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements are presented in the Singaporean dollar (“$”), which is the reporting currency of the Company. The functional currency of the Company and its subsidiary JEC International are the USD and HKD, respectively. JCS-Echigo, Hygenia, and Evoluze use the Singaporean dollar as their functional currencies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Translation gains and losses are recognized in the consolidated statements of operations and comprehensive loss as other comprehensive income or loss. Transactions in currencies other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of income and comprehensive income as other income (other expenses).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The value of foreign currencies including, the US Dollar and Hong Kong Dollar, may fluctuate against the Singaporean Dollar. Any significant variations of the aforementioned currencies relative to the Singaporean Dollar may materially affect the Company’s financial condition in terms of reporting in SGD. The following table outlines the currency exchange rates that were used in preparing the accompanying consolidated financial statements:</span></p> <p id="xdx_891_eus-gaap--ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock_zE0ezZzvwRv3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B1_zFRjevm1EOVj" style="font-family: Times New Roman, Times, Serif; display: none; font-size: 10pt">SCHEDULE OF CURRENCY EXCHANGE RATES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 1in"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: justify">SGD to HKD Year End</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zE1H0oAgRHd3" style="width: 12%; text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.9220</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zjYF82Jbeaj3" style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">5.8300</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">SGD to HKD Average Rate</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zIA6uANyqTXc" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.7065</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zrqYoLZ8Tkg6" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.8348</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">SGD to USD Year End</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--USDMember_za4sDzHailhd" style="text-align: right"><span style="-sec-ix-redline: true">0.7467</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--USDMember_z6ER5SS6hDIj" style="text-align: right"><span style="-sec-ix-redline: true">0.7396</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">SGD to USD Average Rate</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--USDMember_zS4dTJvvE4Ef" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">0.7251</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--USDMember_zMi5dbU9oqa6" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">0.7450</span></td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AB_zPhSRkmfgRKb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Translations of the consolidated balance sheets, consolidated statements of comprehensive loss and consolidated statements of cash flows from SGD into US$ as of and for the year ended December 31, <span style="-sec-ix-redline: true">2021</span> are solely for the convenience of the reader and were calculated at the rate of <span style="-sec-ix-redline: true">US$<span id="xdx_909_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_c20211231__us-gaap--AwardTypeAxis__custom--USDMember_zPSLteFllyD3">0.7396 </span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">= SGD$<span id="xdx_90D_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_c20211231__us-gaap--AwardTypeAxis__custom--SGDMember_znO7drMdmiO7">1</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, as set forth in the statistical release of the Federal Reserve System on <span style="-sec-ix-redline: true">December 30, 2021.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_891_eus-gaap--ScheduleOfForeignExchangeContractsStatementOfFinancialPositionTableTextBlock_zE0ezZzvwRv3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B1_zFRjevm1EOVj" style="font-family: Times New Roman, Times, Serif; display: none; font-size: 10pt">SCHEDULE OF CURRENCY EXCHANGE RATES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 1in"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: justify">SGD to HKD Year End</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zE1H0oAgRHd3" style="width: 12%; text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.9220</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zjYF82Jbeaj3" style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">5.8300</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">SGD to HKD Average Rate</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zIA6uANyqTXc" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.7065</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--HKDMember_zrqYoLZ8Tkg6" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">5.8348</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">SGD to USD Year End</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--USDMember_za4sDzHailhd" style="text-align: right"><span style="-sec-ix-redline: true">0.7467</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--YearEndRateMember__us-gaap--AwardTypeAxis__custom--USDMember_z6ER5SS6hDIj" style="text-align: right"><span style="-sec-ix-redline: true">0.7396</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">SGD to USD Average Rate</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20201231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--USDMember_zS4dTJvvE4Ef" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">0.7251</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--ForeignCurrencyExchangeRateTranslation1_iI_pid_uPure_c20211231__us-gaap--VariableRateAxis__custom--AverageRateMember__us-gaap--AwardTypeAxis__custom--USDMember_zMi5dbU9oqa6" style="text-align: right" title="Exchange rate"><span style="-sec-ix-redline: true">0.7450</span></td><td style="text-align: left"> </td></tr> </table> 5.9220 5.8300 5.7065 5.8348 0.7467 0.7396 0.7251 0.7450 0.7396 1 <p id="xdx_84C_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_zE52mi1rsGP1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(f) <span id="xdx_86B_zFXHmPcm2XOj">Fair Value Measurement</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair value:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1 applies to assets or liabilities for which there are quoted prices, in active markets for identical assets or liabilities.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, financial instruments, deferred financing costs, bank loans, leases, accounts payables and accruals, warranty liabilities, and contract liabilities and are financial assets and liabilities. Cash and cash equivalents, accounts receivables, prepaid expenses and other currents, accounts payables and accruals, warranty liabilities, and contract liabilities are subject to fair value measurement; however, because of their being short term in nature management believes their carrying values approximate their fair value. Financial instruments are fair value financial assets that are marked to fair value and are accounted for under as Level 3 under the above hierarchy. The Company accounts for bank loans and leases at amortized cost and has elected NOT to account for them under the fair value hierarchy.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_842_ecustom--RelatedPartiesPolicyTextBlock_zoLy4qAzfly1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(g) <span id="xdx_86A_zlBmu1eGTPZ9">Related parties</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We adopted ASC 850, Related Party Disclosures, for the identification of related parties and disclosure of related party transactions</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_842_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zumLIsULuwCk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(h) <span id="xdx_86D_z1Djp3HuPLa1">Cash and cash equivalents</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents consist of cash on hand, the Company’s demand deposit placed with financial institutions, which have original maturities of less than three months and unrestricted as to withdrawal and use.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84C_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_z7S9ft1Uyzh3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(i) <span id="xdx_869_zIvSnH6VFMDk">Restricted cash</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Restricted cash are bank deposits that are pledge to the bank as security for outstanding loans and bank borrowings. The carrying amount for restricted cash was $<span id="xdx_90E_eus-gaap--RestrictedCash_iI_c20211231_zEo6cZuj5t66" title="Restricted cash">0</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">, and $<span id="xdx_90E_eus-gaap--RestrictedCash_iI_c20201231_zZ3FPl8vv3ll" title="Restricted cash">0</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">as of <span style="-sec-ix-redline: true">December 31, 2021</span> and 2020, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> 0 0 <p id="xdx_842_eus-gaap--TradeAndOtherAccountsReceivablePolicy_zRLBfwS8acm1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(j) <span id="xdx_86B_z4Fjco6RrA25">Accounts Receivable, net</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable, net are stated at the original amount less an allowance for expected credit loss on such receivables. The allowance for expected credit loss is estimated based upon the Company’s assessment of various factors including historical experience, the age of the accounts receivable balances, current general economic conditions, future expectations and customer specific quantitative and qualitative factors that may affect the Company’s customers’ ability to pay. An allowance is also made when there is objective evidence for the Company to reasonably estimate the amount of probable loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84E_eus-gaap--InventoryPolicyTextBlock_zixEHBRic5wj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(k) <span id="xdx_86C_zcZYQe5q9hl2">Inventories</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventories are measured at the lower of cost and net realizable value. The cost of inventories is based on the first-in, first-out principle, and includes expenditure incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. In the case of manufactured inventories and work in progress, cost includes an appropriate share of production overheads based on normal operating capacity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_848_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zXMD39eB1NP8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(l) <span id="xdx_869_zqDUJJELVGH7">Property, plant and equipment, net</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment are stated at cost less accumulated depreciation and impairment, if any, and depreciated on a straight-line basis over the estimated useful lives of the assets. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its intended use. Estimated useful lives are as follows:</span></p> <p id="xdx_895_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_z7XMzrzLY5Ze" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zL1N9ovSK3qf" style="display: none">SCHEDULE OF ESTIMATED USEFUL LIVES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 35%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Category</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; white-space: nowrap; width: 2%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 63%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated useful lives</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Land use right</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentEstimatedUsefulLives_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--LandUseRightMember_zsz78TH3krl8" title="Property plant and equipment estimated useful lives">Over the lease term</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leasehold buildings</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--LeaseholdBuildingsMember_zhv854b5pTja" title="Leasehold buildings">30</span> years</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plant and machinery</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zMpXcosEBdp1" title="Plant and machinery">5</span> to <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zPHeP4csltCf">10</span> years</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equipment, furniture and fittings</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MinimumMember_z9uiDVZ4jX8i" title="Equipment furniture and fittings">1</span>-<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MaximumMember_zByl9fSSkLUf">5</span> years</span></td></tr> </table> <p id="xdx_8AD_zvr2QR6Zo9E7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Expenditure for repair and maintenance costs, which do not materially extend the useful lives of the assets, are charged to expenses as incurred, whereas the expenditure for major renewals and betterment that substantially extends the useful lives of property and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the costs, accumulated depreciation and impairment with any resulting gain or loss recognized in the consolidated statements of income.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_895_ecustom--ScheduleOfEstimatedUsefulLivesTableTextBlock_z7XMzrzLY5Ze" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zL1N9ovSK3qf" style="display: none">SCHEDULE OF ESTIMATED USEFUL LIVES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 35%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Category</b></span></td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; white-space: nowrap; width: 2%; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 63%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimated useful lives</b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Land use right</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentEstimatedUsefulLives_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--LandUseRightMember_zsz78TH3krl8" title="Property plant and equipment estimated useful lives">Over the lease term</span></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leasehold buildings</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--LeaseholdBuildingsMember_zhv854b5pTja" title="Leasehold buildings">30</span> years</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plant and machinery</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zMpXcosEBdp1" title="Plant and machinery">5</span> to <span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zPHeP4csltCf">10</span> years</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equipment, furniture and fittings</span></td> <td style="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MinimumMember_z9uiDVZ4jX8i" title="Equipment furniture and fittings">1</span>-<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentUsefulLife_dtY_c20210101__20211231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember__srt--RangeAxis__srt--MaximumMember_zByl9fSSkLUf">5</span> years</span></td></tr> </table> Over the lease term P30Y P5Y P10Y P1Y P5Y <p id="xdx_84F_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_z0rhBlMja8g8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(m) <span id="xdx_866_zkF9eiaDWLU4">Impairment of long-lived assets</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Company measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets, using the expected future discounted cash flows. <span id="xdx_90A_eus-gaap--ImpairmentOfLongLivedAssetsToBeDisposedOf_do_c20210101__20211231_zg2lMdE9h3ta">No </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">impairment of long-lived assets was recognized as of December 31, <span style="-sec-ix-redline: true">2021</span> and <span style="-sec-ix-redline: true">2020.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> 0 <p id="xdx_84F_eus-gaap--RevenueFromContractWithCustomerPolicyTextBlock_zgb44hCZa9dd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(n) <span id="xdx_86D_z7jNaKPKFbqa">Contract liabilities</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A contract liability is recognized when the customer pays non-refundable consideration before the Company recognizes the related revenue. A contract liability would also be recognized if the Company has an unconditional right to receive nonrefundable considerations before the Company recognizes the related revenue. In such cases, a corresponding receivable would also be recognized.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_846_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zjsacZA9NDQ1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(o) <span id="xdx_869_zFUXDKHbU54a">Commitments and contingencies</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the normal course of business, the Company is subject to commitments and contingencies, including operating lease commitments, legal proceedings and claims arising out of its business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable that a loss will occur, and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances of each matter.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84B_eus-gaap--RevenueRecognitionPolicyTextBlock_zWeYgeuffNkg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(p) <span id="xdx_867_zsN8X3HRdyCl">Revenue recognition</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In May 2014, the FASB issued Topic 606, “Revenue from Contracts with Customers”. This topic clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP. Simultaneously, this topic supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. The core principle of the guidance requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company currently generates its revenue from the following main sources:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Revenue from good sold and services provided</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue from sales of goods and services in the ordinary course of business is recognized when the Company satisfies a performance obligation (‘‘PO’’) by transferring control of a promised good or service to the customer. The amount of revenue recognized is the amount of the transaction price allocated to the satisfied PO.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The transaction price is allocated to each PO in the contract on the basis of the relative stand-alone selling prices of the promised goods or services. The individual standalone selling price of a good or service that has not previously been sold on a stand-alone basis, or has a highly variable selling price, is determined based on the residual portion of the transaction price after allocating the transaction price to goods and/or services with observable stand-alone selling price. A discount or variable consideration is allocated to one or more, but not all, of the performance obligations if it relates specifically to those performance obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transaction price is the amount of consideration in the contract to which the Group expects to be entitled in exchange for transferring the promised goods or services. The transaction price may be fixed or variable and is adjusted for time value of money if the contract includes a significant financing component. Consideration payable to a customer is deducted from the transaction price if the Group does not receive a separate identifiable benefit from the customer. When consideration is variable, if applicable, the estimated amount is included in the transaction price to the extent that it is highly probable that a significant reversal of the cumulative revenue will not occur when the uncertainty associated with the variable consideration is resolved.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue may be recognized at a point in time or over time following the timing of satisfaction of the PO. If a PO is satisfied over time, revenue is recognized based on the percentage of completion reflecting the progress towards complete satisfaction of that PO. Typically, POs for products where the process is described as below, the PO is satisfied at point in time. POs for services are more typically satisfied over time such as in the contracts for sterilization and sanitation service where the Company delivers service daily over the course of a month, and the Company will recognize revenue and charge the client on a monthly basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the sales of sterilization and cleaning systems, related cleaning equipment, equipment parts and components, the Company typically receives purchase orders from its customers which will set forth the terms and conditions including the transaction price, products to be delivered, terms of delivery, and terms of payment. The terms serve as the basis of the performance obligations that the Company must fulfill in order to recognize revenue. The key performance obligation is the delivery of the finished product to the customer at their location at which point title to that asset passes to the customer. The completion of this earning process is evidenced by a written customer acceptance indicating receipt of the product. The Company includes a warranty on its product for one year from the point of delivery and acceptance. The warranty is antecedent to the performance obligation set forth above; however, management develops an estimate of future warranty costs and accrues that amount to cost of sales in the period that revenue is recognized to the Company’s consolidated statements of income and the corresponding amount to the warrant liabilities on the Company’s consolidated balance sheets. Details on the changes in the warranty liabilities can be found in Note 11 below. Typical payment terms set forth in the purchase order ranges from 30 to 90 days from the date of delivery. The amount of revenue recognized from contract liabilities to the Company’s result of operations can be found in Note 12 below.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Revenue from rental of dishware washing machines</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In accordance with ASC 842 Lease Topics. The Company accounts for the rental of dishware washing machines as direct finance leases where, lease income from the prospective of lessor is recognized to the Company’s statement of income straight-line basis over the term of the lease once management has determined that the lease payments are reasonably expected to be collected. The performance obligation under these leasing arrangements is to deliver the unit to the customer at their location and ensure that the equipment is ready for use, and to ensure that the equipment is available for use over the life of the lease contract.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84B_ecustom--CostOfRevenuePolicyTextBlock_zbMayweKcknc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(q) <span id="xdx_86D_z3fXZNf7aXo">Cost of revenue</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cost of revenue mainly consists of raw material costs, labor costs, sub-contracting costs and production overhead.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_841_ecustom--SellingAndMarketingExpensesPolicyTextBlock_zGhuT3ta67O4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(r) Selling and marketing expenses</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Selling expenses mainly consists of promotion and marketing expenses and transportation expenses. The Company does not carry any capitalized contract acquisition costs that would be amortized to its results of operations over time, and potential expenses related to customer and contract acquisitions costs if any are accounted for as periodic costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84D_eus-gaap--SellingGeneralAndAdministrativeExpensesPolicyTextBlock_z7vTBSuZWDmf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(s) <span id="xdx_860_zhi1QMRFa3Ng">General and administrative expenses</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">General and administrative expenses mainly consist of staff cost, depreciation, office supplies and upkeep expenses, travelling and entertainment, legal and professional fees, property and related expenses, other miscellaneous administrative expenses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_847_eus-gaap--LesseeLeasesPolicyTextBlock_z62ztw5uQsYl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(t) <span id="xdx_869_zQrgIk1pJvEl">Operating leases</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Prior to the adoption of ASC 842 on January 1, 2019:</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Leases, mainly leases of factory buildings, offices and employee dormitories, where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Payments made under operating leases are recognized as an expense on a straight-line basis over the lease term. The Company had no finance leases for any of the periods stated herein.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Upon and hereafter the adoption of ASC 842 on January 1, 2019:</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liability, and operating lease liability, non-current in the Company’s consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. When determining the lease term, the Company includes options to extend or terminate the lease when it is reasonably certain that it will exercise that option, if any. As the Company’s leases do not provide an implicit rate, the Company used an incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The Company has elected to adopt the following lease policies in conjunction with the adoption of ASU 2016-02: (i) for leases that have lease terms of 12 months or less and does not include a purchase option that is reasonably certain to exercise, the Company elected not to apply ASC 842 recognition requirements; and (ii) the Company elected to apply the package of practical expedients for existing arrangements entered into prior to January 1, 2019 to not reassess (a) whether an arrangement is or contains a lease, (b) the lease classification applied to existing leases, and (c) initial direct costs.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_844_eus-gaap--IncomeTaxPolicyTextBlock_zHxjfAX92P5b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(u) <span id="xdx_86B_zWH9VVLtnKG6">Income taxes</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group accounts for income taxes under ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The provisions of ASC 740-10-25, “Accounting for Uncertainty in Income Taxes,” prescribe a more-likely-than-not threshold for consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company did not accrue any liability, interest or penalties related to uncertain tax positions in its provision for income taxes line of its consolidated statements of income for the years ended December 31, <span style="-sec-ix-redline: true">2021</span> and <span style="-sec-ix-redline: true">2020,</span> respectively. The Company does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_84D_eus-gaap--EarningsPerSharePolicyTextBlock_zI2Xk7Xarrub" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(v) <span id="xdx_86A_z7drW2jnnJz1">Earnings per share</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic earnings per share is computed by dividing net earnings attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised or converted into ordinary shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p id="xdx_841_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zNolJI2MXO1c" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>(w) <span id="xdx_86B_zaTbFwcmpLK6">Recent accounting pronouncements</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s audited consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_80F_eus-gaap--AccountsAndNontradeReceivableTextBlock_zx99rHBTzmp6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>3. <span id="xdx_826_zcfZncKZLpFg">ACCOUNTS RECEIVABLE, NET</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89B_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_zzv3K5808Yp8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable, net, consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B2_zrfyxtY0SPz5">SCHEDULE OF ACCOUNTS RECEIVABLE, NET</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20201231_zOa9f7JplJBi" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20211231_zBTh3bQ1F4Wi" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eus-gaap--AccountsReceivableGross_iI_pn3n3_maARNz200_zmZoVunSn8le" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts receivable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">9,312</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">3,254</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iNI_pn3n3_di_msARNz200_zwFrhILb1yqk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Less: allowance for doubtful accounts</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(82</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(34</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--AccountsReceivableNet_iTI_pn3n3_mtARNz200_zry0WdaFFank" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Accounts receivable, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">9,230</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">3,220</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A1_z5tchGJJgSw2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_ecustom--ScheduleOfAllowanceForDoubtfulAccountsTableTextBlock_zyTv1Uyuhzvh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The movements in the allowance for doubtful accounts for the years ended December 31, 2020 and 2021 were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B8_zt2HfEefpPm6" style="display: none">SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS</span> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_499_20200101__20201231_zEXUcVlw4Mqe" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_495_20210101__20211231_zWtO82WJMyy2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iS_pn3n3_z7R0Jlc3Uh18" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Balance at beginning of the year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">19</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">82</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_408_ecustom--AllowanceForDoubtfulAccountsReceivableAdditions_pn3n3_zckKmhTcRQ19" style="vertical-align: bottom; background-color: White"> <td>Additions</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">63</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0774"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_ecustom--AllowanceForDoubtfulAccountsReceivableReversal_iI_pn3n3_zKM0d2cUjaI3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="-sec-ix-redline: true">Reversal</span></td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0776"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(48</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_40D_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_pn3n3_z3gscUVKrlD8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Exchange effect</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0779"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0780"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iE_pn3n3_ztnnHLSlUhG" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Balance at end of the year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">82</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">34</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8A0_zLdUeLIHLeK3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_ecustom--ScheduleOfAccountsReceivableNetOfAllowanceForDoubtfulAccountsTableTextBlock_zKFYHd73Lwza" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of the end of each of the financial year, the ageing analysis of accounts receivable, net of allowance for doubtful accounts, based on the invoice date is as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><span id="xdx_8B9_zlxYAc4Cggrj" style="display: none">SCHEDULE OF ACCOUNTS NET OF ALLOWANCE FOR DOUBTFUL ACCOUNTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_494_20201231_zE1pwlQ3FrV7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_491_20211231_zh9o4sWt5pm4" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--WithinThirtyDaysMember_zVEXxl6gxp16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Within 30 days</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">5,097</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,511</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--BetweenThirtyOneAndSixtyDaysMember_zb8VJIJOAhC7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Between 31 and 60 days</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">1,290</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">587</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--BetweenSixtyOneAndNintyDaysMember_zl5FgtnsHUXj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Between 61 and 90 days</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">2,073</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">282</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--MoreThanNintyDaysMember_z8uB2eT4d6kl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">More than 90 days</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">770</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">840</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--AccountsReceivableNet_iI_pn3n3_zRM2Q1AwMwuf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">9,230</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">3,220</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zIbduUrG66C8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89B_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_zzv3K5808Yp8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable, net, consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B2_zrfyxtY0SPz5">SCHEDULE OF ACCOUNTS RECEIVABLE, NET</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20201231_zOa9f7JplJBi" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20211231_zBTh3bQ1F4Wi" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40A_eus-gaap--AccountsReceivableGross_iI_pn3n3_maARNz200_zmZoVunSn8le" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts receivable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">9,312</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">3,254</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iNI_pn3n3_di_msARNz200_zwFrhILb1yqk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Less: allowance for doubtful accounts</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(82</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(34</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40B_eus-gaap--AccountsReceivableNet_iTI_pn3n3_mtARNz200_zry0WdaFFank" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Accounts receivable, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">9,230</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">3,220</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 9312000 3254000 82000 34000 9230000 3220000 <p id="xdx_891_ecustom--ScheduleOfAllowanceForDoubtfulAccountsTableTextBlock_zyTv1Uyuhzvh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The movements in the allowance for doubtful accounts for the years ended December 31, 2020 and 2021 were as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B8_zt2HfEefpPm6" style="display: none">SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS</span> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_499_20200101__20201231_zEXUcVlw4Mqe" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_495_20210101__20211231_zWtO82WJMyy2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iS_pn3n3_z7R0Jlc3Uh18" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Balance at beginning of the year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">19</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">82</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_408_ecustom--AllowanceForDoubtfulAccountsReceivableAdditions_pn3n3_zckKmhTcRQ19" style="vertical-align: bottom; background-color: White"> <td>Additions</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">63</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0774"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_ecustom--AllowanceForDoubtfulAccountsReceivableReversal_iI_pn3n3_zKM0d2cUjaI3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="-sec-ix-redline: true">Reversal</span></td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0776"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(48</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_40D_eus-gaap--ForeignCurrencyTransactionGainLossBeforeTax_pn3n3_z3gscUVKrlD8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Exchange effect</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0779"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0780"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_eus-gaap--AllowanceForDoubtfulAccountsReceivableCurrent_iE_pn3n3_ztnnHLSlUhG" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Balance at end of the year</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">82</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">34</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 19000 82000 63000 -48000 82000 34000 <p id="xdx_891_ecustom--ScheduleOfAccountsReceivableNetOfAllowanceForDoubtfulAccountsTableTextBlock_zKFYHd73Lwza" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of the end of each of the financial year, the ageing analysis of accounts receivable, net of allowance for doubtful accounts, based on the invoice date is as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><span id="xdx_8B9_zlxYAc4Cggrj" style="display: none">SCHEDULE OF ACCOUNTS NET OF ALLOWANCE FOR DOUBTFUL ACCOUNTS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_494_20201231_zE1pwlQ3FrV7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_491_20211231_zh9o4sWt5pm4" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--WithinThirtyDaysMember_zVEXxl6gxp16" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Within 30 days</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">5,097</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,511</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--BetweenThirtyOneAndSixtyDaysMember_zb8VJIJOAhC7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Between 31 and 60 days</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">1,290</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">587</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--BetweenSixtyOneAndNintyDaysMember_zl5FgtnsHUXj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Between 61 and 90 days</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">2,073</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">282</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccountsReceivableNet_iI_pn3n3_hus-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--MoreThanNintyDaysMember_z8uB2eT4d6kl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">More than 90 days</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">770</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">840</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--AccountsReceivableNet_iI_pn3n3_zRM2Q1AwMwuf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Accounts receivable</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">9,230</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">3,220</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 5097000 1511000 1290000 587000 2073000 282000 770000 840000 9230000 3220000 <p id="xdx_803_eus-gaap--InventoryDisclosureTextBlock_zQGbcn8fWxub" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>4. <span id="xdx_82F_zo0B6dD6XiR6">INVENTORY</span></b></span></p> <p id="xdx_891_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zJxSUpSPaWR2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B0_zjKWRp7Y2fuc" style="display: none">SCHEDULE OF INVENTORIES</span> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_49C_20201231_z6xPhEHceei" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_49B_20211231_zqTGmn9G2KBe" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_402_eus-gaap--InventoryRawMaterialsAndSupplies_iI_pn3n3_maINztUF_z8nIOXfBfSI1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left"><span style="-sec-ix-redline: true">Raw materials</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">177</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,980</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--InventoryWorkInProcess_iI_pn3n3_maINztUF_zumVW2iP0A5e" style="vertical-align: bottom; background-color: White"> <td><span style="-sec-ix-redline: true">Work-in-progress</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">1,179</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">516</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--InventoryFinishedGoods_iI_pn3n3_maINztUF_z1EUVeD6yVj4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Finished goods</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">61</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_404_eus-gaap--InventoryNet_iTI_pn3n3_mtINztUF_zUXyL61MS6tc" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total inventory, net</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">1,380</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">2,557</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A9_zU4y0u7NFyn2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_891_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zJxSUpSPaWR2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B0_zjKWRp7Y2fuc" style="display: none">SCHEDULE OF INVENTORIES</span> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_49C_20201231_z6xPhEHceei" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_49B_20211231_zqTGmn9G2KBe" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_402_eus-gaap--InventoryRawMaterialsAndSupplies_iI_pn3n3_maINztUF_z8nIOXfBfSI1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left"><span style="-sec-ix-redline: true">Raw materials</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">177</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,980</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--InventoryWorkInProcess_iI_pn3n3_maINztUF_zumVW2iP0A5e" style="vertical-align: bottom; background-color: White"> <td><span style="-sec-ix-redline: true">Work-in-progress</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">1,179</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">516</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--InventoryFinishedGoods_iI_pn3n3_maINztUF_z1EUVeD6yVj4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Finished goods</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">61</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_404_eus-gaap--InventoryNet_iTI_pn3n3_mtINztUF_zUXyL61MS6tc" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total inventory, net</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">1,380</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">2,557</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 177000 1980000 1179000 516000 24000 61000 1380000 2557000 <p id="xdx_80F_eus-gaap--FairValueMeasurementInputsDisclosureTextBlock_zvFpjTobNqaj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>5. <span id="xdx_824_z4UbD9kwi2l8">FINANCIAL INSTRUMENT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Financial instrument is key management insurance policy. The fair value of the key management insurance policy is determined by reference to the surrender cash value of the insurance policy at the end of each of the reporting period, which is primarily based on the performance of the underlying investment portfolio together with the guaranteed minimum returns of <span id="xdx_90B_eus-gaap--FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerSharePercentDebtSecurities_iI_pid_dp_c20211231_ztrYhySi2P6a" title="Fair value investment percentange">1.5</span>% per annum. The fair value measurement of the key management insurance contract has been categorized as a Level 3 fair value based on the inputs to the valuation technique used and is positively correlated to the surrender cash value that is valued by the policy underwriter at the end of each reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89E_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_z1JgB8Eb7tE8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair value:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zl4AA4tvtxI7" style="display: none">SCHEDULE OF FINANCIAL INSTRUMENT</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20200101__20201231_znSYYO7W6Glc" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20210101__20211231_zZWCEDAV7wEb" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_pn3n3_zioJFajekz5l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%"><span style="-sec-ix-redline: true">As of January 1,</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">239</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">240</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_pn3n3_zXpFxF0iQOKh" style="vertical-align: bottom; background-color: White"> <td><span style="-sec-ix-redline: true">Purchases</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0827"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0828"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_403_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_pn3n3_zDkwShAcsnBh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Change in fair value recognized in profit or loss</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_404_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_pn3n3_z4paEZy8Xn7e" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">As of December 31,</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">240</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">243</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8AE_zRiUiMyzZkK2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 0.015 <p id="xdx_89E_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_z1JgB8Eb7tE8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table shows a reconciliation from the opening balances to the ending balances for Level 3 fair value:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zl4AA4tvtxI7" style="display: none">SCHEDULE OF FINANCIAL INSTRUMENT</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20200101__20201231_znSYYO7W6Glc" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20210101__20211231_zZWCEDAV7wEb" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_pn3n3_zioJFajekz5l" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%"><span style="-sec-ix-redline: true">As of January 1,</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">239</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">240</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_pn3n3_zXpFxF0iQOKh" style="vertical-align: bottom; background-color: White"> <td><span style="-sec-ix-redline: true">Purchases</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0827"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl0828"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_403_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_pn3n3_zDkwShAcsnBh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Change in fair value recognized in profit or loss</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_404_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_pn3n3_z4paEZy8Xn7e" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">As of December 31,</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">240</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">243</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 239000 240000 1000 3000 240000 243000 <p id="xdx_800_eus-gaap--PropertyPlantAndEquipmentDisclosureTextBlock_zgKv2WSGfdN9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>6. <span id="xdx_824_z7yD5pBLgMz4">PROPERTY, PLANT AND EQUIPMENT, NET</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89D_eus-gaap--PropertyPlantAndEquipmentTextBlock_z2BULBDSN568" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment, net, consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BE_zjpQQ9fKg3Eb" style="display: none">SCHEDULE OF PROPERTY, PLANT, AND EQUIPMENT</span> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20201231_z7bomMZ5nXzh" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_495_20211231_zTmAepA4oRg6" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zSFj9OxPIiQ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Leasehold improvements</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7,523</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7,523</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RightOfUseAssetsMember_z8YR0cMaG4Kl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">2,328</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,328</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zENnj2OytDP7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Plant and machinery</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">5,488</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">5,585</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zvbRT9eLQHQc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Furniture and fittings</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">2,926</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,101</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_402_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_zBzN71BCgOx7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Subtotal</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">18,265</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">18,537</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pn3n3_di_zEKhPHvh6jRg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Less: accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(9,351</span></td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(9,556</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_400_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pn3n3_zIcBzeLJmzXc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Property, plant and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,914</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,981</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8A8_zMNTx2S0gd63" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Depreciation expense was approximately <span style="-sec-ix-redline: true">SGD$<span id="xdx_901_eus-gaap--Depreciation_pn3n3_c20210101__20211231_zN2wcsU8lQ31">614</span></span></span> <span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">thousands, SGD$<span id="xdx_908_eus-gaap--Depreciation_pn3n3_c20200101__20201231_zsN6hfnhz7Wh">769 </span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">thousands and SGD$<span id="xdx_909_eus-gaap--Depreciation_pn3n3_c20190101__20191231_zwfw0xoUxsYa">972 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">thousands for the <span style="-sec-ix-redline: true">years</span> ended <span style="-sec-ix-redline: true">December 31, 2021,</span> 2020 and 2019, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89D_eus-gaap--PropertyPlantAndEquipmentTextBlock_z2BULBDSN568" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Property, plant and equipment, net, consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BE_zjpQQ9fKg3Eb" style="display: none">SCHEDULE OF PROPERTY, PLANT, AND EQUIPMENT</span> </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20201231_z7bomMZ5nXzh" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_495_20211231_zTmAepA4oRg6" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_408_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zSFj9OxPIiQ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Leasehold improvements</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7,523</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7,523</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RightOfUseAssetsMember_z8YR0cMaG4Kl" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Right-of-use assets</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">2,328</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,328</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zENnj2OytDP7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Plant and machinery</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">5,488</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">5,585</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zvbRT9eLQHQc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Furniture and fittings</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">2,926</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,101</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_402_eus-gaap--PropertyPlantAndEquipmentGross_iI_pn3n3_zBzN71BCgOx7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Subtotal</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">18,265</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">18,537</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pn3n3_di_zEKhPHvh6jRg" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Less: accumulated depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(9,351</span></td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(9,556</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_400_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pn3n3_zIcBzeLJmzXc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Property, plant and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,914</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,981</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 7523000 7523000 2328000 2328000 5488000 5585000 2926000 3101000 18265000 18537000 9351000 9556000 8914000 8981000 614000 769000 972000 <p id="xdx_80D_ecustom--RightOfUseAssetsAndLeasePayableTextBlock_zHwKIhjGuFKd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7. <span style="text-transform: uppercase"><span id="xdx_82E_zC793LP0PhAa">RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The right-of-use assets relate to leases of industrial lands in Singapore and certain plant and machinery and motor vehicles under a number of leases.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89C_eus-gaap--OperatingLeaseLeaseIncomeTableTextBlock_zFjq4HIlPYwg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group recognized operating lease ROU assets and lease liabilities as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zoY3EE4iWyk" style="display: none">SCHEDULE OF RIGHT OF USE ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20201231_zQfzJ7Ec18R" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49A_20211231_zvz4nx8ABd99" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_401_ecustom--OperatingLeaseRightOfUseAssets_iI_z88spaMlj6i7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Operating lease ROU asset</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,297</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,180</span></td><td style="width: 1%; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49B_20201231_zUbKL3dm0h6l" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20211231_zwW37Ufzj8qj" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiabilityCurrent_iI_maOLLz4Rd_zojMvztEiEa5" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Current portion</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">110</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">158</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_maOLLz4Rd_z1Lc2fQDw5d8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Non-current portion</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1,149</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1,395</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiability_iTI_mtOLLz4Rd_zIYKSZk2WkG" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">1,259</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">1,553</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A0_z2POBHztot52" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zL3kq7ZOtpGg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2021, future minimum lease payments under the non-cancelable operating leases are as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zK2AZ1VIMd9h" style="display: none">SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Future payment</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_492_20211231_zoYEv1kq8bf7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzx8c_z2M43CkVQPG6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left"><span style="-sec-ix-redline: true">2022</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 18%; text-align: right"><span style="-sec-ix-redline: true">205</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maLOLLPzx8c_z0LPmuJWSCnk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">2023</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">206</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maLOLLPzx8c_zszPZzWZaZD3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">2024</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">201</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maLOLLPzx8c_z70lOhHHRT16" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">2025</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">185</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maLOLLPzx8c_zoCm9UhfS5z8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">2026</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">84</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maLOLLPzx8c_zv3z7Sgi67Uh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Thereafter</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">672</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzx8c_zam0XYXoTgi8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1,553</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A7_z1loxR1ZSd6b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_890_ecustom--ScheduleOfOtherSupplementInformationLeaseTableTextBlock_zAeiDFgIkhSa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following summarizes other supplemental information about the Company’s operating lease as of December 31, 2021:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_z89B5NKBQFY3" style="display: none">SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S OPERATING LEASE </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Weighted average discount rate</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_90B_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20211231_zftSDd00pfxk" title="Weighted average discount rate">4.67</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted average remaining lease term (years)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231_zaqh6YiSd6wh" style="text-align: right" title="Weighted average remaining lease term (years)">15</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AD_zE1sGTedkmA2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89C_eus-gaap--OperatingLeaseLeaseIncomeTableTextBlock_zFjq4HIlPYwg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Group recognized operating lease ROU assets and lease liabilities as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B9_zoY3EE4iWyk" style="display: none">SCHEDULE OF RIGHT OF USE ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20201231_zQfzJ7Ec18R" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49A_20211231_zvz4nx8ABd99" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_401_ecustom--OperatingLeaseRightOfUseAssets_iI_z88spaMlj6i7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Operating lease ROU asset</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,297</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,180</span></td><td style="width: 1%; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49B_20201231_zUbKL3dm0h6l" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20211231_zwW37Ufzj8qj" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Operating lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OperatingLeaseLiabilityCurrent_iI_maOLLz4Rd_zojMvztEiEa5" style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Current portion</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">110</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">158</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_maOLLz4Rd_z1Lc2fQDw5d8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Non-current portion</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1,149</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1,395</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiability_iTI_mtOLLz4Rd_zIYKSZk2WkG" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">1,259</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">1,553</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 1297000 1180000 110000 158000 1149000 1395000 1259000 1553000 <p id="xdx_894_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zL3kq7ZOtpGg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2021, future minimum lease payments under the non-cancelable operating leases are as follows:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B3_zK2AZ1VIMd9h" style="display: none">SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Future payment</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" id="xdx_492_20211231_zoYEv1kq8bf7" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzx8c_z2M43CkVQPG6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left"><span style="-sec-ix-redline: true">2022</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 18%; text-align: right"><span style="-sec-ix-redline: true">205</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maLOLLPzx8c_z0LPmuJWSCnk" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">2023</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">206</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maLOLLPzx8c_zszPZzWZaZD3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">2024</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">201</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maLOLLPzx8c_z70lOhHHRT16" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">2025</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">185</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maLOLLPzx8c_zoCm9UhfS5z8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">2026</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">84</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maLOLLPzx8c_zv3z7Sgi67Uh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Thereafter</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">672</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzx8c_zam0XYXoTgi8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">1,553</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> 205000 206000 201000 185000 84000 672000 1553000 <p id="xdx_890_ecustom--ScheduleOfOtherSupplementInformationLeaseTableTextBlock_zAeiDFgIkhSa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following summarizes other supplemental information about the Company’s operating lease as of December 31, 2021:</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BA_z89B5NKBQFY3" style="display: none">SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S OPERATING LEASE </span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 60%"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Weighted average discount rate</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 18%; text-align: right"><span id="xdx_90B_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20211231_zftSDd00pfxk" title="Weighted average discount rate">4.67</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Weighted average remaining lease term (years)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20211231_zaqh6YiSd6wh" style="text-align: right" title="Weighted average remaining lease term (years)">15</td><td style="text-align: left"> </td></tr> </table> 0.0467 P15Y <p id="xdx_80E_ecustom--DeferredFinancingCostsTextBlock_zC5nYWtK4zX8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>8. <span id="xdx_827_z9vaIH7qBO7j">DEFERRED FINANCING COSTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company complies with the requirement of the ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — “Expenses of Offering”. Deferred offering costs consist of underwriting, legal and other expenses incurred through the balance sheet date that are directly related to the intended IPO. Deferred offering costs will be charged to shareholders’ equity upon the completion of the IPO. Should the IPO prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be charged to operations. As of December 31, 2021 and <span style="-sec-ix-redline: true">2020,</span> the Company capitalized <span style="-sec-ix-redline: true">$<span id="xdx_90B_eus-gaap--DeferredOfferingCosts_iI_c20211231_zEakO0bXgYic">1,321,306 </span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and <span style="-sec-ix-redline: true">$<span id="xdx_90D_eus-gaap--DeferredOfferingCosts_iI_c20201231_z8NEBGjR2WA6">960,468 </span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">of deferred offering costs, respectively. Such costs will be deferred until the closing of the IPO, at which time the deferred costs will be offset against the offering proceeds.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 1321306 960468 <p id="xdx_801_eus-gaap--DebtDisclosureTextBlock_zx9DJOfWFtOh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>9. <span id="xdx_828_z4tTDl8r6a01">BANK LOANS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89E_eus-gaap--ScheduleOfDebtTableTextBlock_z1vsOsWFTFH6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The bank loans as of December 31, 2020 <span style="-sec-ix-redline: true">and 2021</span> are set out below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zoKRykQ8ld43" style="display: none">SCHEDULE OF BANK LOANS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Bank loans</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Currency</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true">Period</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Interest rate</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Third Party guarantee</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Director’s Personal guarantee</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Carrying amount</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 12%; text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans 　</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">SGD</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 12%; text-align: left"><span style="-sec-ix-redline: true"><span id="xdx_909_eus-gaap--DebtInstrumentMaturityDateDescription_c20200101__20201231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_fdnZ2_zoTTUwbhucKl" title="Period">2020 - 2026</span></span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td id="xdx_987_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember" style="width: 16%" title="Variable rate description"><span style="-sec-ix-redline: true">SIBOR+<span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__srt--RangeAxis__srt--MinimumMember_ziflZ1mpBVd">1.25% </span></span><span style="-sec-ix-redline: true">to <span id="xdx_907_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__srt--RangeAxis__srt--MaximumMember_zpjwm2cATbUb">+1.5%</span></span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 12%; text-align: center"><span style="-sec-ix-redline: true"><span>NIL</span></span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember_zcTqtaG2j1Hg" style="width: 10%; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,305</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">USD</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span id="xdx_906_eus-gaap--DebtInstrumentMaturityDateDescription_c20200101__20201231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zzNZ4fdFrSB2" title="Period">2029</span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span><span id="xdx_900_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zTDuEclm1q2d">London Inter Bank Offer Rate +<span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zxAqlpwdnMfl" title="Variable rate">1.25</span>%</span></span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span><span>NIL</span></span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zk0Bs6qeLVYd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">211</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">December 31, 2020</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_ecustom--DirectorsPersonalGuarantee_iI_c20201231_zcSWlvpA32M4" style="padding-bottom: 2.5pt; text-align: right" title="Director's Personal guarantee"><span style="-sec-ix-redline: true">3,430</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231_zG7vqhAjzkab" style="border-bottom: Black 2.5pt double; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,516</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans 　</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right"><span style="-sec-ix-redline: true">SGD</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span id="xdx_900_eus-gaap--DebtInstrumentMaturityDateDescription_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zGEgQqqGkMr5" title="Period">2021 - 2026</span></span></td><td><span style="-sec-ix-redline: true"> </span></td> <td id="xdx_981_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember" title="Variable rate description"><span style="-sec-ix-redline: true"><span>SIBOR+<span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__srt--RangeAxis__srt--MinimumMember_zNl8tbsRMdm5" title="Variable rate">1.25</span>% to +<span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__srt--RangeAxis__srt--MaximumMember_zSda9MZzTZbj">1.5</span>%</span></span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center"><span style="-sec-ix-redline: true"><span>NIL</span></span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98F_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember_zvTznJYAySMi" style="text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,692</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">USD</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span id="xdx_906_eus-gaap--DebtInstrumentMaturityDateDescription_c20210101__20211231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_ztqgsHEtlXY9" title="Period">2029</span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20211231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_z4HLM6r3vOpg">London Inter Bank Offer Rate +<span id="xdx_900_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20210101__20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zSQ9CsvVb9Ua" title="Variable rate">1.25</span>%</span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span><span>NIL</span></span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zn5VjT0yQLr1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">186</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">December 31, 2021</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">　</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">　</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_ecustom--DirectorsPersonalGuarantee_iI_c20211231_zc8qBZcR8FO6" style="padding-bottom: 2.5pt; text-align: right" title="Director's Personal guarantee"><span style="-sec-ix-redline: true">3,430</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231_zf8zA8LpXMSl" style="border-bottom: Black 2.5pt double; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,878</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8A9_zkTt9KaDHJqh" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89F_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zxe25UtPvsLl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_z9UJGNp8Wj4i" style="display: none">SCHEDULE OF MATURITIES OF BANK LOANS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Bank loans</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Carrying amount</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Within 1 year</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2022</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2023</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2024</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Thereafter</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zs8wUtz53OJd" style="width: 5%; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,305</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_z9VImnMU91oi" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">5,614</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zpa5QYTAktJd" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">432</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zBeAcFhl4kl9" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">415</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zsbHOBWWMdzb" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">196</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zLMOGAXEV1J8" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">180</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_z8mt8R0wvVel" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">3,468</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zBq5wpNfMNuh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">211</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zIm0l0P68G1a" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zCWEHVan951a" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zUhGVHCQEqDa" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zjfNKW6PIez2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zELRbnHUp8X" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zFaPYMqX7jyk" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">91</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">December 31, 2020</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231_zhxcnO3u1cTa" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,516</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20201231_zaRWrsD4J2A3" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,638</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20201231_zAvM9WLQlnN9" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">456</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20201231_zFHrking2JY" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">439</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20201231_zhvGF8S2lWS3" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">220</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20201231_zk9qyXsG5jLk" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">204</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20201231_zg9wnO8RUSge" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,559</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Carrying amount</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Within 1 year</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2022</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2023</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2024</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2025</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Thereafter</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zx7bdpOIR11c" style="width: 5%; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,692</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zYgBqJsUaJ72" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">5,432</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zrBxWFXvhCkj" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">437</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zjBuvHaimOna" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">198</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zj6PDWOW1n15" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">180</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zACr2qu78Lvl" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">180</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zuHr9HBTqSc8" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">3,265</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zWdTFQGWo8th" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">186</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zlLhB3GOSeeg" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zfgDDMFfxDr4" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zPR9zu0GQRs8" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zo3jnnuSQwU1" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zNyroHZ68KXe" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zqicViAbHxL9" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">66</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">December 31, 2021</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231_zJWS4PPV6Wk2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,878</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20211231_zEa0J0hdflM9" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,456</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20211231_z05c040EMNdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-Term Debt, Maturity, Year Two"><span style="-sec-ix-redline: true">461</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20211231_zd3qdwPPD2e6" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">222</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20211231_zAi4DakO4Frd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-Term Debt, Maturity, Year Four"><span style="-sec-ix-redline: true">204</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20211231_zeQ7A40lTiUc" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">204</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20211231_zyMrhbpn09Ji" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,331</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8A8_zMiYuGotLURc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_89E_eus-gaap--ScheduleOfDebtTableTextBlock_z1vsOsWFTFH6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The bank loans as of December 31, 2020 <span style="-sec-ix-redline: true">and 2021</span> are set out below:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B0_zoKRykQ8ld43" style="display: none">SCHEDULE OF BANK LOANS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Bank loans</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Currency</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true">Period</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Interest rate</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Third Party guarantee</span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Director’s Personal guarantee</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Carrying amount</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 12%; text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans 　</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">SGD</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 12%; text-align: left"><span style="-sec-ix-redline: true"><span id="xdx_909_eus-gaap--DebtInstrumentMaturityDateDescription_c20200101__20201231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_fdnZ2_zoTTUwbhucKl" title="Period">2020 - 2026</span></span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td id="xdx_987_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember" style="width: 16%" title="Variable rate description"><span style="-sec-ix-redline: true">SIBOR+<span id="xdx_90B_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__srt--RangeAxis__srt--MinimumMember_ziflZ1mpBVd">1.25% </span></span><span style="-sec-ix-redline: true">to <span id="xdx_907_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__srt--RangeAxis__srt--MaximumMember_zpjwm2cATbUb">+1.5%</span></span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 12%; text-align: center"><span style="-sec-ix-redline: true"><span>NIL</span></span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember_zcTqtaG2j1Hg" style="width: 10%; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,305</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">USD</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span id="xdx_906_eus-gaap--DebtInstrumentMaturityDateDescription_c20200101__20201231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zzNZ4fdFrSB2" title="Period">2029</span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span><span id="xdx_900_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20200101__20201231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zTDuEclm1q2d">London Inter Bank Offer Rate +<span id="xdx_901_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20200101__20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zxAqlpwdnMfl" title="Variable rate">1.25</span>%</span></span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span><span>NIL</span></span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zk0Bs6qeLVYd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">211</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">December 31, 2020</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_ecustom--DirectorsPersonalGuarantee_iI_c20201231_zcSWlvpA32M4" style="padding-bottom: 2.5pt; text-align: right" title="Director's Personal guarantee"><span style="-sec-ix-redline: true">3,430</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231_zG7vqhAjzkab" style="border-bottom: Black 2.5pt double; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,516</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans 　</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right"><span style="-sec-ix-redline: true">SGD</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span id="xdx_900_eus-gaap--DebtInstrumentMaturityDateDescription_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zGEgQqqGkMr5" title="Period">2021 - 2026</span></span></td><td><span style="-sec-ix-redline: true"> </span></td> <td id="xdx_981_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember" title="Variable rate description"><span style="-sec-ix-redline: true"><span>SIBOR+<span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__srt--RangeAxis__srt--MinimumMember_zNl8tbsRMdm5" title="Variable rate">1.25</span>% to +<span id="xdx_902_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20210101__20211231__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__srt--RangeAxis__srt--MaximumMember_zSda9MZzTZbj">1.5</span>%</span></span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center"><span style="-sec-ix-redline: true"><span>NIL</span></span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98F_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__custom--SingaporeInterbankOfferedRateSIBORMember_zvTznJYAySMi" style="text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,692</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">USD</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span id="xdx_906_eus-gaap--DebtInstrumentMaturityDateDescription_c20210101__20211231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_ztqgsHEtlXY9" title="Period">2029</span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span id="xdx_90A_eus-gaap--DebtInstrumentDescriptionOfVariableRateBasis_c20210101__20211231__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_z4HLM6r3vOpg">London Inter Bank Offer Rate +<span id="xdx_900_eus-gaap--DebtInstrumentBasisSpreadOnVariableRate1_pid_dp_uPure_c20210101__20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zSQ9CsvVb9Ua" title="Variable rate">1.25</span>%</span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"><span><span>NIL</span></span></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember__us-gaap--VariableRateAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zn5VjT0yQLr1" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">186</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">December 31, 2021</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: right; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">　</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: center; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true">　</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_ecustom--DirectorsPersonalGuarantee_iI_c20211231_zc8qBZcR8FO6" style="padding-bottom: 2.5pt; text-align: right" title="Director's Personal guarantee"><span style="-sec-ix-redline: true">3,430</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231_zf8zA8LpXMSl" style="border-bottom: Black 2.5pt double; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,878</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 2020 - 2026 SIBOR+1.25% to +1.5% 0.0125 0.015 10305000 2029 London Inter Bank Offer Rate +1.25% 0.0125 211000 3430000 10516000 2021 - 2026 SIBOR+1.25% to +1.5% 0.0125 0.015 9692000 2029 London Inter Bank Offer Rate +1.25% 0.0125 186000 3430000 9878000 <p id="xdx_89F_eus-gaap--ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_zxe25UtPvsLl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_z9UJGNp8Wj4i" style="display: none">SCHEDULE OF MATURITIES OF BANK LOANS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Bank loans</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Carrying amount</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Within 1 year</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2022</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2023</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2024</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Thereafter</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zs8wUtz53OJd" style="width: 5%; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,305</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_z9VImnMU91oi" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">5,614</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zpa5QYTAktJd" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">432</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zBeAcFhl4kl9" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">415</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zsbHOBWWMdzb" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">196</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zLMOGAXEV1J8" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">180</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_z8mt8R0wvVel" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">3,468</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zBq5wpNfMNuh" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">211</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zIm0l0P68G1a" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zCWEHVan951a" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zUhGVHCQEqDa" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zjfNKW6PIez2" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zELRbnHUp8X" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20201231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zFaPYMqX7jyk" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">91</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">December 31, 2020</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--DebtInstrumentCarryingAmount_iI_c20201231_zhxcnO3u1cTa" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">10,516</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20201231_zaRWrsD4J2A3" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,638</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20201231_zAvM9WLQlnN9" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">456</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20201231_zFHrking2JY" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">439</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20201231_zhvGF8S2lWS3" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">220</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20201231_zk9qyXsG5jLk" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">204</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20201231_zg9wnO8RUSge" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,559</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Carrying amount</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Within 1 year</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2022</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2023</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2024</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">2025</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Thereafter</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 37%; text-align: left"><span style="-sec-ix-redline: true">Secured floating rate bank loans</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zx7bdpOIR11c" style="width: 5%; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,692</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zYgBqJsUaJ72" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">5,432</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zrBxWFXvhCkj" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">437</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zjBuvHaimOna" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">198</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zj6PDWOW1n15" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">180</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zACr2qu78Lvl" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">180</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98F_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingRateBankLoansMember_zuHr9HBTqSc8" style="width: 5%; text-align: right"><span style="-sec-ix-redline: true">3,265</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zWdTFQGWo8th" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">186</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zlLhB3GOSeeg" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zfgDDMFfxDr4" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zPR9zu0GQRs8" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zo3jnnuSQwU1" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zNyroHZ68KXe" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">24</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20211231__us-gaap--DebtInstrumentAxis__custom--SecuredFloatingInterestMember_zqicViAbHxL9" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">66</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">December 31, 2021</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_eus-gaap--DebtInstrumentCarryingAmount_iI_c20211231_zJWS4PPV6Wk2" style="border-bottom: Black 1.5pt solid; text-align: right" title="Carrying amount"><span style="-sec-ix-redline: true">9,878</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_iI_c20211231_zEa0J0hdflM9" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,456</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_c20211231_z05c040EMNdd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-Term Debt, Maturity, Year Two"><span style="-sec-ix-redline: true">461</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_c20211231_zd3qdwPPD2e6" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">222</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_c20211231_zAi4DakO4Frd" style="border-bottom: Black 1.5pt solid; text-align: right" title="Long-Term Debt, Maturity, Year Four"><span style="-sec-ix-redline: true">204</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_c20211231_zeQ7A40lTiUc" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">204</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_c20211231_zyMrhbpn09Ji" style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,331</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 10305000 5614000 432000 415000 196000 180000 3468000 211000 24000 24000 24000 24000 24000 91000 10516000 5638000 456000 439000 220000 204000 3559000 9692000 5432000 437000 198000 180000 180000 3265000 186000 24000 24000 24000 24000 24000 66000 9878000 5456000 461000 222000 204000 204000 3331000 <p id="xdx_807_eus-gaap--AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock_zW8kpzbBIo6f" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>10. <span id="xdx_828_zbPIJ2bFQnol">ACCOUNTS PAYABLE, ACCRUALS AND OTHER <span style="-sec-ix-redline: true">CURRENT</span> LIABILITIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_899_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_z0V7md2e4MIh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account Payable, accrued expenses and other liabilities consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_zBlu42kr0dej" style="display: none">SCHEDULE OF ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20201231_zuV6IS7vgRp6" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20211231_zPLlvLXuttR9" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_zUfC2FrjvuB3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts Payable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">2,438</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,916</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccruedPayrollTaxesCurrentAndNoncurrent_iI_zmy9HDb3UtH5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payroll payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">343</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">196</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--InsuranceFeesCollectedToBePaidToInsuranceCompanies_iI_zy7ZvFBY1QP4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Insurance fees collected to be paid to insurance companies</td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1011"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1012"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--PayableToOtherServices_iI_zMzdm8QVDRq6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payable to other services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">468</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">146</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--Deposits_iI_zUiV7nxiK9vf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">6</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">7</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherLiabilities_iI_z8gyYBJAP7lg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">Others</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">41</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">25</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iI_zRg5nR8WdWW6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">3,296</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">2,290</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A4_zGZFiCXXK9Oj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_899_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_z0V7md2e4MIh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account Payable, accrued expenses and other liabilities consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BE_zBlu42kr0dej" style="display: none">SCHEDULE OF ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20201231_zuV6IS7vgRp6" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20211231_zPLlvLXuttR9" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_405_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_zUfC2FrjvuB3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Accounts Payable</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">2,438</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">1,916</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AccruedPayrollTaxesCurrentAndNoncurrent_iI_zmy9HDb3UtH5" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payroll payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">343</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">196</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--InsuranceFeesCollectedToBePaidToInsuranceCompanies_iI_zy7ZvFBY1QP4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Insurance fees collected to be paid to insurance companies</td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1011"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1012"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--PayableToOtherServices_iI_zMzdm8QVDRq6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Payable to other services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">468</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">146</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--Deposits_iI_zUiV7nxiK9vf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">6</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">7</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherLiabilities_iI_z8gyYBJAP7lg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">Others</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">41</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">25</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iI_zRg5nR8WdWW6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Total</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">3,296</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">2,290</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 2438000 1916000 343000 196000 468000 146000 6000 7000 41000 25000 3296000 2290000 <p id="xdx_802_ecustom--WarrantyLiabilitiesTextBlock_zMYOWiecP4U1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>11. <span id="xdx_820_zDc8HPfY4B3">WARRANTY LIABILITIES</span></b></span></p> <p id="xdx_899_eus-gaap--ScheduleOfProductWarrantyLiabilityTableTextBlock_zPaH8ZMLteQj" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zgqXxAUXOW4b" style="display: none">SCHEDULE OF WARRANTY LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20200101__20201231_zTJaodWhLqjd" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20210101__20211231_zhBcb9LG8Nx3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eus-gaap--StandardProductWarrantyAccrual_iS_zXae4QaLt5B1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%">As of January 1,</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">47</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">28</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_407_eus-gaap--StandardProductWarrantyAccrualWarrantiesIssued_zCzENEGRNfOf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional accrual</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">28</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">22</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_ecustom--StandardProductWarrantyUtilized_z6z2wdTp4FQd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilized</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">(30</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(28</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_405_ecustom--StandardProductWarrantyExpired_zwO1dmadQOnh" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">Expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(17</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1040"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"/></tr> <tr id="xdx_400_eus-gaap--StandardProductWarrantyAccrual_iE_z8qcuQkOXyq" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">As of December 31,</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">28</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">22</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8A1_zRLkzdbRegR5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span id="xdx_907_eus-gaap--StandardProductWarrantyDescription_c20210101__20211231_zdbJ2hgXjfe4" style="font-family: Times New Roman, Times, Serif; font-size: 10pt" title="Warranty description">The warranty for machines sold typically covers a 12-month period from the date on which the machines are delivered and accepted by the customers</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">. The warrant liability is based on estimates made from historical warranty data associated with similar products and services. <span style="-sec-ix-redline: true">The Company expects to make use of the accrued liability over the next operating period.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_899_eus-gaap--ScheduleOfProductWarrantyLiabilityTableTextBlock_zPaH8ZMLteQj" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_zgqXxAUXOW4b" style="display: none">SCHEDULE OF WARRANTY LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20200101__20201231_zTJaodWhLqjd" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20210101__20211231_zhBcb9LG8Nx3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40E_eus-gaap--StandardProductWarrantyAccrual_iS_zXae4QaLt5B1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%">As of January 1,</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">47</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">28</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_407_eus-gaap--StandardProductWarrantyAccrualWarrantiesIssued_zCzENEGRNfOf" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Additional accrual</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">28</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">22</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_ecustom--StandardProductWarrantyUtilized_z6z2wdTp4FQd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Utilized</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">(30</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(28</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_405_ecustom--StandardProductWarrantyExpired_zwO1dmadQOnh" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt">Expired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(17</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1040"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"/></tr> <tr id="xdx_400_eus-gaap--StandardProductWarrantyAccrual_iE_z8qcuQkOXyq" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">As of December 31,</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">28</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">22</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 47000 28000 28000 22000 -30000 -28000 -17000 28000 22000 The warranty for machines sold typically covers a 12-month period from the date on which the machines are delivered and accepted by the customers <p id="xdx_804_ecustom--LoanFromControllingShareholderTextBlock_zMNGH3WSj7l5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>12. <span style="-sec-ix-redline: true"><span id="xdx_821_zlwVWjpr9eg9">LOAN FROM CONTROLLING SHAREHOLDER</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The amount of loan from controlling shareholder is non-trade, unsecured, interest-free and repayable on demand.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_80A_ecustom--DeferredTaxAssetsAndLiabilitiesTextBlock_zamwbABxmba2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>13. <span id="xdx_82A_zmsEHCGzsdNa">DEFERRED TAX ASSETS/ LIABILITIES</span></b></span></p> <p id="xdx_891_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zvMlJRDd03C7" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zRlPVIYAhbA2" style="display: none">SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20201231_zU9Y9GEdBfqb" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_494_20211231_zHczSfswnKod" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--DeferredTaxAssetsGross_iI_zLstavYNM272" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Deferred tax assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">163</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">163</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--DeferredIncomeTaxLiabilities_iNI_di_zLMUhtJLCte7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Deferred tax liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(188</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(151</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"/></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredTaxLiabilities_iNI_di_uSGD_c20201231_zooJUJQTeSE3" style="border-bottom: Black 2.5pt double; text-align: right" title="Deferred tax liabilities, net"><span style="-sec-ix-redline: true">(25</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DeferredTaxAssetsLiabilitiesNet_iI_uSGD_c20211231_zg36XLd944n5" style="border-bottom: Black 2.5pt double; text-align: right" title="Deferred tax assets, net"><span style="-sec-ix-redline: true">12</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8AF_z7M1L33edjQ5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89D_ecustom--ScheduleOfDeferredTaxAssetsAndLiabilitiesRecognizedByTheCompanyTableTextBlock_zTKFGUS7FJj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following are the major deferred tax assets and liabilities recognized by the Company:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_z1F4zqffcFY1" style="display: none">SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES RECOGNIZED BY THE COMPANY</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Property, plant and equipment</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Provisions</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Tax losses</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">As of <span style="-sec-ix-redline: true">January 1, 2019</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_z4YCzGaLOvs5" style="width: 10%; text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">226</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_zlKAgccqhixe" style="width: 10%; text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">27</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zv9XIGnA7vCb" style="width: 10%; text-align: right"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1068">-</span></span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231_z8c4b6w7QHnf" style="width: 10%; text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">253</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognized in statements of income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_zksLn8rhhyFi" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(363</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_zxOv0z4jjjP9" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(21</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zAlqXQeQmK3h" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">190</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231_zeq40oHRhPLf" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(194</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>As of <span style="-sec-ix-redline: true">December 31, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_z6dWZ10qYBXb" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(137</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98F_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z4GBYUylrKw2" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">6</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zcDHfOnVPBRh" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">190</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231_zPWrJqdcrOHe" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">59</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognized in statements of income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_z1oeW8umT2C2" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(56</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z4GFWVR0jVj4" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(1</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zwA2ihWHDqr7" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(27</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231_z3WDiKm8tvT5" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(84</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>As of <span style="-sec-ix-redline: true">December 31, 2020</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_zshWXLaC7SAh" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(193</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_zCpGOGTf2mu1" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">5</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zEHJRqSLMjK8" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">163</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231_zY89xtFbPxe1" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(25</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">Recognized in statements of income</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_ziZ16Xym8sEb" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z5NhpdYwo0cc" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1106">-</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zbo4kJuACQ7f" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1108">-</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231_z3vM8KT9PLb" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="-sec-ix-redline: true">As of December 31, 2021</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_zpnscHPY0Fs4" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(156</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z3Wcg5o6yhwj" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">5</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zR3SxH7fhy5" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">163</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231_z2h7BsZNXklf" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">12</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8A1_zECEZQodfET9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zvMlJRDd03C7" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_zRlPVIYAhbA2" style="display: none">SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20201231_zU9Y9GEdBfqb" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_494_20211231_zHczSfswnKod" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">December 31,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_40D_eus-gaap--DeferredTaxAssetsGross_iI_zLstavYNM272" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 68%; text-align: left">Deferred tax assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">163</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 12%; text-align: right"><span style="-sec-ix-redline: true">163</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--DeferredIncomeTaxLiabilities_iNI_di_zLMUhtJLCte7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Deferred tax liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(188</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(151</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"/></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredTaxLiabilities_iNI_di_uSGD_c20201231_zooJUJQTeSE3" style="border-bottom: Black 2.5pt double; text-align: right" title="Deferred tax liabilities, net"><span style="-sec-ix-redline: true">(25</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DeferredTaxAssetsLiabilitiesNet_iI_uSGD_c20211231_zg36XLd944n5" style="border-bottom: Black 2.5pt double; text-align: right" title="Deferred tax assets, net"><span style="-sec-ix-redline: true">12</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 163000 163000 188000 151000 25000 12000 <p id="xdx_89D_ecustom--ScheduleOfDeferredTaxAssetsAndLiabilitiesRecognizedByTheCompanyTableTextBlock_zTKFGUS7FJj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following are the major deferred tax assets and liabilities recognized by the Company:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BF_z1F4zqffcFY1" style="display: none">SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES RECOGNIZED BY THE COMPANY</span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Property, plant and equipment</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Provisions</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Tax losses</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">As of <span style="-sec-ix-redline: true">January 1, 2019</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_z4YCzGaLOvs5" style="width: 10%; text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">226</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_zlKAgccqhixe" style="width: 10%; text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">27</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zv9XIGnA7vCb" style="width: 10%; text-align: right"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1068">-</span></span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20190101__20191231_z8c4b6w7QHnf" style="width: 10%; text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">253</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognized in statements of income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_zksLn8rhhyFi" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(363</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_zxOv0z4jjjP9" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(21</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zAlqXQeQmK3h" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">190</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20190101__20191231_zeq40oHRhPLf" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(194</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>As of <span style="-sec-ix-redline: true">December 31, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_z6dWZ10qYBXb" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(137</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98F_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z4GBYUylrKw2" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">6</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zcDHfOnVPBRh" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">190</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20200101__20201231_zPWrJqdcrOHe" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">59</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Recognized in statements of income</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_z1oeW8umT2C2" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(56</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z4GFWVR0jVj4" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(1</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zwA2ihWHDqr7" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(27</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20200101__20201231_z3WDiKm8tvT5" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">(84</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>As of <span style="-sec-ix-redline: true">December 31, 2020</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_zshWXLaC7SAh" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(193</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_980_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_zCpGOGTf2mu1" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">5</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98A_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zEHJRqSLMjK8" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">163</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_984_ecustom--DeferredTaxAssetLiabilitiesNet_iS_c20210101__20211231_zY89xtFbPxe1" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(25</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">Recognized in statements of income</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98C_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_ziZ16Xym8sEb" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_981_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z5NhpdYwo0cc" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1106">-</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_986_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zbo4kJuACQ7f" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1108">-</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_987_eus-gaap--DeferredIncomeTaxExpenseBenefit_c20210101__20211231_z3vM8KT9PLb" style="text-align: right" title="Recognized in statements of income"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="-sec-ix-redline: true">As of December 31, 2021</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__us-gaap--PropertyPlantAndEquipmentMember_zpnscHPY0Fs4" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">(156</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98E_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--ProvisionsMember_z3Wcg5o6yhwj" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">5</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231__us-gaap--IncomeTaxAuthorityAxis__custom--TaxLossesMember_zR3SxH7fhy5" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">163</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_ecustom--DeferredTaxAssetLiabilitiesNet_iE_c20210101__20211231_z2h7BsZNXklf" style="text-align: right" title="Deferred tax assets and liabilities"><span style="-sec-ix-redline: true">12</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 226000 27000 253000 -363000 -21000 190000 -194000 -137000 6000 190000 59000 -56000 -1000 -27000 -84000 -193000 5000 163000 -25000 37000 37000 -156000 5000 163000 12000 <p id="xdx_807_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zX6mP434Yds1" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>14. <span id="xdx_828_zGip6BWRZAkc">EQUITY</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the sake of undertaking a public offering of the Company’s ordinary shares, the Company has performed a series of re-organizing transactions resulting in <span id="xdx_90D_eus-gaap--CommonStockSharesOutstanding_iI_c20211231_zyacCRZmpBf9" title="Common stock, shares outstanding">12,000,000</span> shares of ordinary shares outstanding that have been retroactively restated to the beginning of the first period presented. The Company only has one single class of ordinary shares that are accounted for as permanent equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 22, 2022, the Company issued <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220420__20220422__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zTVuqeAqaVn9" title="Ordinary shares pursuant to the initial public offering">3,020,000 </span></span></span><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ordinary shares pursuant to the Initial Public Offering.</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 12000000 3020000 <p id="xdx_80F_eus-gaap--RevenueFromContractWithCustomerTextBlock_zQIMLyvRPfJe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>15. <span id="xdx_82E_zoyLsuubTfGl">REVENUES BY PRODUCT AND GEOGRAPHY</span></b></span></p> <p id="xdx_895_eus-gaap--ScheduleOfPrincipalTransactionsRevenueTextBlock_z21P3tgQFCAe" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B7_zqqhtjAH4Nnc" style="display: none">SCHEDULE OF PRINCIPAL TRANSACTIONS REVENUE</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20190101__20191231_zfvAVZSNg2Wc" style="font-weight: bold; text-align: center">2019</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20200101__20201231_zwQ5AG10rpB8" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20210101__20211231_zG3pgwELstqi" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--Revenues_pn3n3_uSGD_hsrt--ProductOrServiceAxis__custom--CleaningSystemsAndOtherEquipmentMember_zOGtPf3t8cyh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left">Sales of cleaning systems and other equipment</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">12,226</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,945</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--Revenues_pn3n3_uSGD_hsrt--ProductOrServiceAxis__custom--DishwareWashingAndGeneralCleaningServicesMember_zAkC4dsgRNP9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Provision of centralized dishware washing and general cleaning services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,357</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">5,636</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--Revenues_pn3n3_uSGD_hsrt--ProductOrServiceAxis__custom--DishwareWashingEquipmentMember_z9ZYeo4D0pW6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Leasing of dishware washing equipment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">92</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">95</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">153</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--Revenues_pn3n3_uSGD_zilSxRYwWOJl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">18,219</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">21,397</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AB_zN0oKbCs94y9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_895_ecustom--ScheduleOfRevenueInformationByProductTypeTableTextBlock_z9ViSCIuKobd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following tables present summary information by product type for the years ended December 31, 2019, 2020 and 2021, respectively:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B7_z2JyQVYNUqRe" style="display: none">SCHEDULE OF REVENUE INFORMATION BY PRODUCT TYPE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20210101__20211231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zHA8lV3BdJ65" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_499_20210101__20211231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zTcYBu7oUV8e" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20210101__20211231_ze1OJwAi2d6e" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">For the years ended December 31, 2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Cleaning Systems</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></span></p></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--Revenues_pn3n3_uSGD_zhGOP9MT9atd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%"><span style="-sec-ix-redline: true">Revenue</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_eus-gaap--GrossProfit_pn3n3_uSGD_zZP5enipi7q7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">Gross Profit</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">2,090</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">258</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">2,348</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20200101__20201231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zZ3L7k4Ze3t9" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_498_20200101__20201231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zrbezTuiOxje" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20200101__20201231_z2nRAJzU0ov4" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Cleaning Systems</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--Revenues_pn3n3_uSGD_zNYBa6vk4Zz7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%">Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,945</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">4,452</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">21,397</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GrossProfit_pn3n3_uSGD_zcGUW7TvY8h9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">5,721</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">183</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,904</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20190101__20191231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zXtaKj6hayub" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49A_20190101__20191231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zvgLGTpnrZjd" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20190101__20191231_zFTPMBDr2Hg3" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Cleaning Systems</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Dishware Washing Services</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--Revenues_pn3n3_uSGD_z8cRNKnDjKGl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%">Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">12,226</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">5,993</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">18,219</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--GrossProfit_pn3n3_uSGD_zjI8AKWinh25" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,352</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">599</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,951</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8A9_z5DAn0frTjhd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_896_eus-gaap--DisaggregationOfRevenueTableTextBlock_z2WX8DE3Uy1b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the following table, revenue is disaggregated by the geographical locations of customers and by the timing of revenue recognition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zvCC5uGDlSf5" style="display: none">SCHEDULE OF DISAGGREGATION OF REVENUE BY GEOGRAPHICAL CUSTOMER LOCATIONS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20210101__20211231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zJHXmo9MaJw8" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_495_20210101__20211231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zQ3rblaZQqH1" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20210101__20211231_z3SRGPmNkw3f" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true"><b>For the years ended December 31, 2021</b></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Cleaning Systems</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Dishware Washing Services</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left"><span style="-sec-ix-redline: true">Geographical location:</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_408_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--SG_zjQgAiqyE7A1" style="vertical-align: bottom; background-color: White"> <td style="width: 58%"><span style="-sec-ix-redline: true">Singapore</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">651</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">6,440</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--MY_zynxvN6XcH19" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="-sec-ix-redline: true">Malaysia</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">4,877</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1179"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">4,877</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__custom--OtherCountriesMember_zztsUn4RdU09" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Other countries</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,447</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1183"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,447</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zuCqj3SFjvof" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20200101__20201231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zOi9lUYi43Ig" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49D_20200101__20201231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zuYlNIJ7cNua" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_498_20200101__20201231_zHKoZAUIkK43" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><b>For the years ended December 31, 2020</b></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Cleaning Systems</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Dishware Washing Services</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left">Geographical location:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--SG_zT1RvsJaDAnl" style="vertical-align: bottom; background-color: White"> <td style="width: 58%">Singapore</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">1,075</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">4,452</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">5,527</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--MY_zaAwIU1UAyX9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Malaysia</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,289</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1195"> </span></td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,289</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__custom--OtherCountriesMember_zBRYw55HRgK7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Other countries</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,581</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1199"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,581</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_z2EmXiNapt59" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">16,945</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,452</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">21,397</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the following table, revenue is disaggregated by the timing of revenue recognition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20210101__20211231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zT0zle7d4fVk" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_497_20210101__20211231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zK38xeMRTLK9" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20210101__20211231_zebM8rGnvfil" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended December 31, 2021</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Cleaning <br/>Systems</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Dishware <br/>Washing Services</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left"><span style="-sec-ix-redline: true">Timing of revenue recognition:</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredAtPointInTimeMember_z0RjfKnCxg8j" style="vertical-align: bottom; background-color: White"> <td style="width: 58%; text-align: left"><span style="-sec-ix-redline: true">Point in time</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1207"> </span></span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_403_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredOverTimeMember_zlOBcR2FgQW8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Over time</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1210"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zP6PoMBwNzu5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_494_20200101__20201231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zgp8HiXoZx4h" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_495_20200101__20201231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_z8s4n6jU5wF5" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20200101__20201231_zz0fRiCuyxfc" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended December 31, 2020</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Cleaning <br/>Systems</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Dishware <br/>Washing Services</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left">Timing of revenue recognition:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredAtPointInTimeMember_zLLtO3FRXsyb" style="vertical-align: bottom; background-color: White"> <td style="width: 58%; text-align: left">Point in time</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,897</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1219"> </span></td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,897</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredOverTimeMember_zGjwFK4efqzl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Over time</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">48</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,452</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,500</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zSJfgQSVkJ9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">16,945</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,452</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">21,397</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190101__20191231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zgXUyoD9NGK1" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49C_20190101__20191231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zClL0BBBboK4" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20190101__20191231_z3oC9pvm5AG8" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Cleaning <br/>Systems</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Dishware <br/>Washing Services</td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Geographical location</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--SG_zETgR8M5OJC3" style="vertical-align: bottom; background-color: White"> <td style="width: 58%">Singapore</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">2,593</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">5,901</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">8,494</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--MY_z5Fmv02NPgMg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Malaysia</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,771</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1235"> </span></td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,771</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__custom--OtherCountriesMember_z6xssvBAHtoe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Other countries</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,954</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1239"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,954</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_z67jLcV4BD8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">12,318</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">5,901</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">18,219</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20190101__20191231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zANE4kYUmUU3" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Cleaning</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Systems</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49E_20190101__20191231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zDlWF7FO5tH5" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Washing Services</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49A_20190101__20191231_z7QdMISjmaMg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Timing of revenue recognition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredAtPointInTimeMember_z0MO7UhUl7z7" style="vertical-align: bottom; background-color: White"> <td style="width: 58%; text-align: left">Point in time</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">11,946</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1247"> </span></td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">11,946</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredOverTimeMember_zh6SFRHQuuJ8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Over time</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">372</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,901</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">6,273</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zjCcZRXLzEqe" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">12,318</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">5,901</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">18,219</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AD_zsmiBiEpI8Vi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_895_eus-gaap--ScheduleOfPrincipalTransactionsRevenueTextBlock_z21P3tgQFCAe" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B7_zqqhtjAH4Nnc" style="display: none">SCHEDULE OF PRINCIPAL TRANSACTIONS REVENUE</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20190101__20191231_zfvAVZSNg2Wc" style="font-weight: bold; text-align: center">2019</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20200101__20201231_zwQ5AG10rpB8" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20210101__20211231_zG3pgwELstqi" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_407_eus-gaap--Revenues_pn3n3_uSGD_hsrt--ProductOrServiceAxis__custom--CleaningSystemsAndOtherEquipmentMember_zOGtPf3t8cyh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left">Sales of cleaning systems and other equipment</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">12,226</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,945</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--Revenues_pn3n3_uSGD_hsrt--ProductOrServiceAxis__custom--DishwareWashingAndGeneralCleaningServicesMember_zAkC4dsgRNP9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Provision of centralized dishware washing and general cleaning services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,901</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,357</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">5,636</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--Revenues_pn3n3_uSGD_hsrt--ProductOrServiceAxis__custom--DishwareWashingEquipmentMember_z9ZYeo4D0pW6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Leasing of dishware washing equipment</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">92</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">95</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">153</span></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--Revenues_pn3n3_uSGD_zilSxRYwWOJl" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">18,219</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">21,397</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 12226000 16945000 8975000 5901000 4357000 5636000 92000 95000 153000 18219000 21397000 14764000 <p id="xdx_895_ecustom--ScheduleOfRevenueInformationByProductTypeTableTextBlock_z9ViSCIuKobd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following tables present summary information by product type for the years ended December 31, 2019, 2020 and 2021, respectively:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B7_z2JyQVYNUqRe" style="display: none">SCHEDULE OF REVENUE INFORMATION BY PRODUCT TYPE</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20210101__20211231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zHA8lV3BdJ65" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_499_20210101__20211231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zTcYBu7oUV8e" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20210101__20211231_ze1OJwAi2d6e" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">For the years ended December 31, 2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Cleaning Systems</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></span></p></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--Revenues_pn3n3_uSGD_zhGOP9MT9atd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%"><span style="-sec-ix-redline: true">Revenue</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_eus-gaap--GrossProfit_pn3n3_uSGD_zZP5enipi7q7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">Gross Profit</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">2,090</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">258</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">2,348</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20200101__20201231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zZ3L7k4Ze3t9" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_498_20200101__20201231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zrbezTuiOxje" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20200101__20201231_z2nRAJzU0ov4" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Cleaning Systems</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--Revenues_pn3n3_uSGD_zNYBa6vk4Zz7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%">Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,945</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">4,452</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">21,397</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GrossProfit_pn3n3_uSGD_zcGUW7TvY8h9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">5,721</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true">183</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,904</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49B_20190101__20191231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zXtaKj6hayub" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49A_20190101__20191231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zvgLGTpnrZjd" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49D_20190101__20191231_zFTPMBDr2Hg3" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Cleaning Systems</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Dishware Washing Services</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr id="xdx_404_eus-gaap--Revenues_pn3n3_uSGD_z8cRNKnDjKGl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%">Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">12,226</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">5,993</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">18,219</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--GrossProfit_pn3n3_uSGD_zjI8AKWinh25" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Gross Profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,352</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">599</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,951</td><td style="text-align: left"> </td></tr> </table> 8975000 5789000 14764000 2090000 258000 2348000 16945000 4452000 21397000 5721000 183000 5904000 12226000 5993000 18219000 4352000 599000 4951000 <p id="xdx_896_eus-gaap--DisaggregationOfRevenueTableTextBlock_z2WX8DE3Uy1b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the following table, revenue is disaggregated by the geographical locations of customers and by the timing of revenue recognition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B8_zvCC5uGDlSf5" style="display: none">SCHEDULE OF DISAGGREGATION OF REVENUE BY GEOGRAPHICAL CUSTOMER LOCATIONS</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20210101__20211231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zJHXmo9MaJw8" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_495_20210101__20211231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zQ3rblaZQqH1" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20210101__20211231_z3SRGPmNkw3f" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true"><b>For the years ended December 31, 2021</b></span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Cleaning Systems</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Dishware Washing Services</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left"><span style="-sec-ix-redline: true">Geographical location:</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_408_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--SG_zjQgAiqyE7A1" style="vertical-align: bottom; background-color: White"> <td style="width: 58%"><span style="-sec-ix-redline: true">Singapore</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">651</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">6,440</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--MY_zynxvN6XcH19" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td><span style="-sec-ix-redline: true">Malaysia</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">4,877</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1179"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">4,877</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_405_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__custom--OtherCountriesMember_zztsUn4RdU09" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Other countries</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,447</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1183"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">3,447</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zuCqj3SFjvof" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20200101__20201231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zOi9lUYi43Ig" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49D_20200101__20201231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zuYlNIJ7cNua" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_498_20200101__20201231_zHKoZAUIkK43" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><b>For the years ended December 31, 2020</b></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Cleaning Systems</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Dishware Washing Services</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left">Geographical location:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--SG_zT1RvsJaDAnl" style="vertical-align: bottom; background-color: White"> <td style="width: 58%">Singapore</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">1,075</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">4,452</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">5,527</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--MY_zaAwIU1UAyX9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Malaysia</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,289</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1195"> </span></td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">12,289</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__custom--OtherCountriesMember_zBRYw55HRgK7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Other countries</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,581</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1199"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3,581</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_z2EmXiNapt59" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">16,945</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,452</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">21,397</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the following table, revenue is disaggregated by the timing of revenue recognition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20210101__20211231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zT0zle7d4fVk" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_497_20210101__20211231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zK38xeMRTLK9" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49C_20210101__20211231_zebM8rGnvfil" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended December 31, 2021</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Cleaning <br/>Systems</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Dishware <br/>Washing Services</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left"><span style="-sec-ix-redline: true">Timing of revenue recognition:</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredAtPointInTimeMember_z0RjfKnCxg8j" style="vertical-align: bottom; background-color: White"> <td style="width: 58%; text-align: left"><span style="-sec-ix-redline: true">Point in time</span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1207"> </span></span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_403_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredOverTimeMember_zlOBcR2FgQW8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true">Over time</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1210"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zP6PoMBwNzu5" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">8,975</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">5,789</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 2.5pt"><span style="-sec-ix-redline: true"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-redline: true">14,764</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_494_20200101__20201231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zgp8HiXoZx4h" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_495_20200101__20201231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_z8s4n6jU5wF5" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_497_20200101__20201231_zz0fRiCuyxfc" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="10" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended December 31, 2020</b></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"/></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Cleaning <br/>Systems</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><span style="-sec-ix-redline: true">Dishware <br/>Washing Services</span></td><td style="padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">Total</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-decoration: underline; text-align: left">Timing of revenue recognition:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredAtPointInTimeMember_zLLtO3FRXsyb" style="vertical-align: bottom; background-color: White"> <td style="width: 58%; text-align: left">Point in time</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,897</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1219"> </span></td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">16,897</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredOverTimeMember_zGjwFK4efqzl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Over time</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">48</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,452</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,500</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zSJfgQSVkJ9" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">16,945</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,452</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">21,397</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190101__20191231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zgXUyoD9NGK1" style="font-weight: bold; text-align: center">Cleaning Systems</td><td style="font-weight: bold"> </td><td> </td> <td colspan="2" id="xdx_49C_20190101__20191231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zClL0BBBboK4" style="text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware Washing</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Services</b></span></p></td><td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20190101__20191231_z3oC9pvm5AG8" style="font-weight: bold; text-align: center">Total</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Cleaning <br/>Systems</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Dishware <br/>Washing Services</td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Geographical location</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--SG_zETgR8M5OJC3" style="vertical-align: bottom; background-color: White"> <td style="width: 58%">Singapore</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">2,593</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">5,901</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">8,494</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__country--MY_z5Fmv02NPgMg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Malaysia</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,771</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1235"> </span></td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,771</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hsrt--StatementGeographicalAxis__custom--OtherCountriesMember_z6xssvBAHtoe" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Other countries</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,954</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1239"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,954</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_z67jLcV4BD8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">12,318</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">5,901</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">18,219</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_495_20190101__20191231__srt--ProductOrServiceAxis__custom--CleaningSystemsMember_zANE4kYUmUU3" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Cleaning</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Systems</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49E_20190101__20191231__srt--ProductOrServiceAxis__custom--DishwareWashingServicesMember_zDlWF7FO5tH5" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Dishware</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Washing Services</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49A_20190101__20191231_z7QdMISjmaMg" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Total</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Timing of revenue recognition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredAtPointInTimeMember_z0MO7UhUl7z7" style="vertical-align: bottom; background-color: White"> <td style="width: 58%; text-align: left">Point in time</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">11,946</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1247"> </span></td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">11,946</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_hus-gaap--TimingOfTransferOfGoodOrServiceAxis__us-gaap--TransferredOverTimeMember_zh6SFRHQuuJ8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Over time</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">372</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,901</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">6,273</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_uSGD_zjCcZRXLzEqe" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Revenue</span></td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">12,318</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">5,901</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">18,219</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 651000 5789000 6440000 4877000 4877000 3447000 3447000 8975000 5789000 14764000 1075000 4452000 5527000 12289000 12289000 3581000 3581000 16945000 4452000 21397000 8975000 8975000 5789000 5789000 8975000 5789000 14764000 16897000 16897000 48000 4452000 4500000 16945000 4452000 21397000 2593000 5901000 8494000 4771000 4771000 4954000 4954000 12318000 5901000 18219000 11946000 11946000 372000 5901000 6273000 12318000 5901000 18219000 <p id="xdx_800_eus-gaap--IncomeTaxDisclosureTextBlock_zmYyVe0eRlA3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>16. <span id="xdx_82E_zRa8CbQXUbNf">INCOME TAX EXPENSES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Caymans and BVIs</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company and its subsidiary, JE Cleantech International Ltd. are domiciled in the Cayman Islands and the British Virgin Islands, respectively. Both localities currently enjoy permanent income tax holidays; accordingly, the Company and JE Cleantech International Ltd. do not accrue for income taxes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Singapore</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s subsidiary, JCS-Echigo Pte. Ltd. and Hygieia Warewashing Pte. Ltd are considered Singapore tax resident enterprises under Singapore tax laws; accordingly, they are subject to enterprise income tax on their taxable income as determined under Singapore tax laws and accounting standards at a statutory tax rate of <span id="xdx_909_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_c20210101__20211231_zsRxYaqjxjn5" title="Statutory income tax rate">17</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% (2020: <span id="xdx_904_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_c20200101__20201231_zDTV4mHtbThe" title="Statutory income tax rate">17</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_893_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zEVh2ZQXIGi9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax provision consists of the following components:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_z8ppUEhSoDY" style="display: none">SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_498_20190101__20191231_zrF3XUyWR6fi" style="font-weight: bold; text-align: center">2019</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20200101__20201231_zrSYSvbPgeSa" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20210101__20211231_zjwQ1DxiR5sh" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Income tax:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_404_eus-gaap--CurrentIncomeTaxExpenseBenefit_pn3n3_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--LatestTaxYearMember_zUfddpW9Ns35" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 58%; text-align: left">Current year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">29</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1268"> </span></span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--CurrentIncomeTaxExpenseBenefit_pn3n3_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--EarliestTaxYearMember_zFlrUa11ngA1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">(Over) Under provision of prior years</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">34</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_408_eus-gaap--CurrentIncomeTaxExpenseBenefit_pn3n3_uSGD_maITEBzkV7_zZjbC0nYYQ28" style="vertical-align: bottom; background-color: White"> <td><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Current Income Tax Expense Benefit</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">534</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40B_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pn3n3_di_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--LatestTaxYearMember_zjLZ9qTT3aD7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Current year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_40C_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pn3n3_di_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--EarliestTaxYearMember_z2QmBh3Ot1Bh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">(Over) Under provision of prior years</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1282"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1283"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1284"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40E_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pn3n3_di_uSGD_maITEBzkV7_z4WnV031I1Vf" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred Income Tax Expense Benefit</span></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">194</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">84</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(37</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_404_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_uSGD_mtITEBzkV7_z8L2zsCuhp9f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Income Tax Expense (Benefit)</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">242</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">618</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1292"> </span></span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8AB_zXL2UpoFKYRe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax expense varied from the amount of income tax expense determined by applying the Singapore income tax rate of <span id="xdx_906_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_c20210101__20211231_z3QXttaAOHye">17</span>% (2020: <span id="xdx_90F_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_c20200101__20201231_zVgTEYDO0Ak3" title="Statutory income tax rate">17</span>%) to profit before income tax as a result of the following differences:</span></p> <p id="xdx_890_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_ziyP4BCC0Zk9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B4_zI6rsZgyUj2a" style="display: none">SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190101__20191231_z3YmLEgVliU6" style="font-weight: bold; text-align: center">2019</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_495_20200101__20201231_zhO96LSwj4yc" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20210101__20211231_z9KFEdpnBkVd" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pn3n3_uSGD_z41pC9laiXl7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left; padding-bottom: 1.5pt">Income before tax expenses:</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 10%; text-align: right">584</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 10%; text-align: right">2,345</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; width: 10%; text-align: right"><span style="-sec-ix-redline: true">2</span></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_pn3n3_uSGD_maITEBzu45_zFbYBeelhW3b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tax at the domestic income tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">99</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">1</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxReconciliationNondeductibleExpense_pn3n3_uSGD_maITEBzu45_zGe19yOpo8ud" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax effect of expenses that are not deductible in determining taxable profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">528</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">391</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxReconciliationPriorYearIncomeTaxes_pn3n3_uSGD_maITEBzu45_z5RUf4Zi34Dl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Over) Under provision in prior years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_ecustom--TaxEffectOfNontaxableIncomes_iN_pn3n3_di_uSGD_msITEBzu45_zZydLT1QTSa8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax effect of non-taxable incomes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(98</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(44</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_400_ecustom--TaxEffectOfUnusedTaxLossesNotRecognizedInPriorYearsNowRecognized_pn3n3_uSGD_maITEBzu45_zOoZYcEn8cNj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tax effect of unused tax losses not recognized in prior years now recognized</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(190</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1320"> </span></td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1321"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_409_ecustom--TaxIncentives_iN_pn3n3_di_uSGD_msITEBzu45_zLASGc4P2AS2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax incentives</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(203</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(110</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(31</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxReconciliationOtherAdjustments_pn3n3_uSGD_maITEBzu45_zKB6mqt0Rgrd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Others</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1327"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1329"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_uSGD_mtITEBzu45_zvqiMeptfAjg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Income Tax Expense (Benefit)</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">242</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">618</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1333"> </span></span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p id="xdx_8AF_zcANY4DxGp99" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, <span style="-sec-ix-redline: true">2021</span> and <span style="-sec-ix-redline: true">2020,</span> the one of the Company’s subsidiaries in Singapore, namely Hygieia Warewashing Pte Ltd had net operating loss carryforwards of approximately <span style="-sec-ix-redline: true">SGD<span id="xdx_900_eus-gaap--OperatingLossCarryforwards_iI_uSGD_c20211231_zm8sWXuTtJVc">751,000 </span></span></span><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and SGD<span id="xdx_90D_eus-gaap--OperatingLossCarryforwards_iI_uSGD_c20201231_zH8q4vqPtQ1i"><span style="-sec-ix-hidden: xdx2ixbrl1335">959,000,</span></span></span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> respectively. As of December 31, <span style="-sec-ix-redline: true">2021</span> and <span style="-sec-ix-redline: true">2020,</span> deferred tax assets from the net operating loss carryforwards amounted <span style="-sec-ix-redline: true">to SGD<span id="xdx_906_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_uSGD_c20211231_zbR8Tv5m9n6j">163,000</span></span></span> <span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and SGD<span id="xdx_907_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_uSGD_c20201231_z4UJ4Zop4HJ"><span style="-sec-ix-hidden: xdx2ixbrl1337">163,000,</span></span></span></span><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">respectively, and the Company has provided a valuation allowance as it has concluded that it is more likely than not that these net operating losses would not be utilized in the future.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 0.17 0.17 <p id="xdx_893_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zEVh2ZQXIGi9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax provision consists of the following components:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8B4_z8ppUEhSoDY" style="display: none">SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE BENEFIT</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_498_20190101__20191231_zrF3XUyWR6fi" style="font-weight: bold; text-align: center">2019</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49E_20200101__20201231_zrSYSvbPgeSa" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_493_20210101__20211231_zjwQ1DxiR5sh" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Income tax:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_404_eus-gaap--CurrentIncomeTaxExpenseBenefit_pn3n3_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--LatestTaxYearMember_zUfddpW9Ns35" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 58%; text-align: left">Current year</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">29</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 10%; text-align: right">500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1268"> </span></span></td><td style="width: 10%; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40C_eus-gaap--CurrentIncomeTaxExpenseBenefit_pn3n3_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--EarliestTaxYearMember_zFlrUa11ngA1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">(Over) Under provision of prior years</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">19</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">34</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_408_eus-gaap--CurrentIncomeTaxExpenseBenefit_pn3n3_uSGD_maITEBzkV7_zZjbC0nYYQ28" style="vertical-align: bottom; background-color: White"> <td><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Current Income Tax Expense Benefit</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">48</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">534</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Deferred tax:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40B_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pn3n3_di_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--LatestTaxYearMember_zjLZ9qTT3aD7" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Current year</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">194</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">84</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_40C_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pn3n3_di_uSGD_hus-gaap--TaxPeriodAxis__us-gaap--EarliestTaxYearMember_z2QmBh3Ot1Bh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1.5pt">(Over) Under provision of prior years</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1282"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1283"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1284"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40E_eus-gaap--DeferredIncomeTaxExpenseBenefit_iN_pn3n3_di_uSGD_maITEBzkV7_z4WnV031I1Vf" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Deferred Income Tax Expense Benefit</span></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">194</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">84</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">(37</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_404_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_uSGD_mtITEBzkV7_z8L2zsCuhp9f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Income Tax Expense (Benefit)</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">242</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">618</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1292"> </span></span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 29000 500000 19000 34000 37000 48000 534000 37000 -194000 -84000 37000 -194000 -84000 37000 242000 618000 0.17 0.17 <p id="xdx_890_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_ziyP4BCC0Zk9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8B4_zI6rsZgyUj2a" style="display: none">SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION</span> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_492_20190101__20191231_z3YmLEgVliU6" style="font-weight: bold; text-align: center">2019</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_495_20200101__20201231_zhO96LSwj4yc" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_491_20210101__20211231_z9KFEdpnBkVd" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2019</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">SGD’000</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pn3n3_uSGD_z41pC9laiXl7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 58%; text-align: left; padding-bottom: 1.5pt">Income before tax expenses:</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 10%; text-align: right">584</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 10%; text-align: right">2,345</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="border-bottom: Black 1.5pt solid; width: 10%; text-align: right"><span style="-sec-ix-redline: true">2</span></td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_406_eus-gaap--IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_pn3n3_uSGD_maITEBzu45_zFbYBeelhW3b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tax at the domestic income tax rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">99</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">399</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">1</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxReconciliationNondeductibleExpense_pn3n3_uSGD_maITEBzu45_zGe19yOpo8ud" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax effect of expenses that are not deductible in determining taxable profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">528</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">391</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxReconciliationPriorYearIncomeTaxes_pn3n3_uSGD_maITEBzu45_z5RUf4Zi34Dl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">(Over) Under provision in prior years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">19</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">37</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40F_ecustom--TaxEffectOfNontaxableIncomes_iN_pn3n3_di_uSGD_msITEBzu45_zZydLT1QTSa8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax effect of non-taxable incomes</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(11</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(98</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(44</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_400_ecustom--TaxEffectOfUnusedTaxLossesNotRecognizedInPriorYearsNowRecognized_pn3n3_uSGD_maITEBzu45_zOoZYcEn8cNj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Tax effect of unused tax losses not recognized in prior years now recognized</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(190</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1320"> </span></td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1321"> </span></span></td><td style="text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_409_ecustom--TaxIncentives_iN_pn3n3_di_uSGD_msITEBzu45_zLASGc4P2AS2" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Tax incentives</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(203</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(110</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true">(31</span></td><td style="text-align: left"><span style="-sec-ix-redline: true">)</span></td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxReconciliationOtherAdjustments_pn3n3_uSGD_maITEBzu45_zKB6mqt0Rgrd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt">Others</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-hidden: xdx2ixbrl1327"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1329"> </span></span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxExpenseBenefit_pn3n3_uSGD_mtITEBzu45_zvqiMeptfAjg" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">Income Tax Expense (Benefit)</span></td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">242</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">618</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1333"> </span></span></td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-redline: true">-</span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> 584000 2345000 2000 99000 399000 1000 528000 391000 37000 19000 34000 37000 11000 98000 44000 -190000 203000 110000 31000 2000 242000 618000 751000 163000 <p id="xdx_804_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_z76MMylHa2y6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>17. <span id="xdx_820_zzmg6MbkeeB4">RELATED PARTY TRANSACTIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There were neither outstanding balances due from nor due to related parties as of December 31, 2020, and the Company did not conduct any transactions with related parties during <span style="-sec-ix-redline: true">the year</span> then ended.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 24, 2021, <span style="-sec-ix-redline: true">prior to the reorganization and the Company’s initial public offering,</span> the Company declared a dividend of SGD <span id="xdx_902_eus-gaap--Dividends_pn5n6_uSGD_c20210923__20210924__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--MajorityShareholderMember_z38pOwqIurla" title="Dividends">2.9 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million (approximately US$<span id="xdx_902_eus-gaap--Dividends_pn5n6_uUSD_c20210923__20210924__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--MajorityShareholderMember_z2lgXdomCrC9" title="Dividends">2.1 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million) payable in cash to its shareholders—JE Cleantech Global <span style="-sec-ix-redline: true">Limited, which is wholly-owned by Ms. Bee Yin Hong, the Company’s controlling shareholder,</span> and Triple Business Limited. <span style="-sec-ix-redline: true">The</span> dividend was subsequently paid in full. Of this amount, SGD <span id="xdx_90D_eus-gaap--DividendsPayableCurrentAndNoncurrent_iI_pn5n6_uSGD_c20210924__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--MajorityShareholderMember_z0knLdc2g1P6" title="Dividends payable">2.5 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million (approximately US$<span id="xdx_902_eus-gaap--DividendsPayableCurrentAndNoncurrent_iI_pn5n6_uUSD_c20210924__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--MajorityShareholderMember_zONwgwRQTPP1" title="Dividends payable">1.9 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million) was paid to JE Cleantech Global Limited and SGD <span id="xdx_90D_eus-gaap--DividendsPayableCurrentAndNoncurrent_iI_uSGD_c20210924__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TripleBusinessLimitedMember_z8bWqKdwlLM4" title="Dividends payable">406,000 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(approximately US$<span id="xdx_90B_eus-gaap--DividendsPayableCurrentAndNoncurrent_iI_pn5n6_uUSD_c20210924__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TripleBusinessLimitedMember_zRbVVvPkdlN3" title="Dividends payable">0.3 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million) was paid to Triple Business Limited. On October 5, 2021, the Company entered into <span style="-sec-ix-redline: true">a</span> loan facility agreement with Ms. Bee Yin Hong, the Company’s controlling shareholder, for a revolving loan facility <span style="-sec-ix-redline: true">of</span> up to US$<span id="xdx_908_eus-gaap--LineOfCreditFacilityFairValueOfAmountOutstanding_iI_pn5n6_uUSD_c20211005__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MsBeeYinHongMember__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_z3K6Zf94lGZ1" title="Revolving credit facility">1.1 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million for general working capital and general corporate purposes, including the payment of expenses related to the Company’s initiative to raise capital <span style="-sec-ix-redline: true">through</span> an initial public offering and simultaneous listing of the Company’s ordinary shares on a globally recognized stock exchange. <span style="background-color: white">Ms. Hong <span style="-sec-ix-redline: true">and the Company entered into</span> a subsequent <span style="-sec-ix-redline: true">revolving loan facility on October 6, 2021 in the amount of US$<span id="xdx_90C_eus-gaap--LoansPayable_iI_pn5n6_uUSD_c20211006__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MsBeeYinHongMember__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zHkFMiwuimw7" title="Loan amount">0.7 </span></span></span></span><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million to be used for the same purposes. The total amount of the loan of approximately US$<span id="xdx_90F_eus-gaap--LoansPayable_iI_pn5n6_uUSD_c20211006__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MsBeeYinHongMember_zhtNZV5RjOXi">1.8 </span></span></span><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million from Ms. Bee Yin Hong, the Company’s controlling shareholder, is non-trade, unsecured, interest-free and payable on demand.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other than the above-mentioned disclosure, there were no other significant related party transactions conducted during the year ended December 31, 2021.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b/></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> 2900000 2100000 2500000 1900000 406000 300000 1100000 700000 1800000 <p id="xdx_802_eus-gaap--ConcentrationRiskDisclosureTextBlock_zJCFTS5P6j8i" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>18. <span id="xdx_826_z0JG8gxnigp8">CONCENTRATIONS AND RISKS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Concentrations</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of accounts receivable. The Company conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Company evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eus-gaap--SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_zJXQ67phMisi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of single customers who represent 10% or more of the Company’s total revenue:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_z1tOQAXocYBj" style="display: none">SCHEDULE OF CONCENTRATION RISK BY RISK FACTOR</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Customer A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--Revenues_pn3n3_uSGD_c20200101__20201231__srt--MajorCustomersAxis__custom--CustomerAMember_z5BrqoDa31af" style="width: 12%; text-align: right" title="Revenue"><span style="-sec-ix-redline: true">13,163</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--Revenues_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerAMember_zBajceRAHuY6" style="width: 12%; text-align: right" title="Revenue"><span style="-sec-ix-redline: true">4,833</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer B</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--Revenues_pn3n3_uSGD_c20200101__20201231__srt--MajorCustomersAxis__custom--CustomerBMember_zWUAeOMVO9X8" style="text-align: right"><span style="-sec-ix-redline: true">2,361</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--Revenues_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerBMember_zj0yF9kG8WP3" style="text-align: right" title="Revenue"><span style="-sec-ix-redline: true">3,188</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Customer C</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A*</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A*</span></span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*Revenue from relevant customer was less than 10% of the Group’s total revenue for the respective year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>As of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Customer A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20200101__20201231__srt--MajorCustomersAxis__custom--CustomerAMember_zD9eOTmonozk" style="width: 12%; text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">7,788</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerAMember_zMARyMxZmvje" style="width: 12%; text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">802</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">Customer B</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A**</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerBMember_z5TQDo10EU15" style="text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">898</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">Customer C</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A**</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerCMember_zPyHoJxYotOa" style="text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">393</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">**Account receivable from relevant customer was less than 10% of the Group’s total accounts receivable for the respective year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of suppliers who represent 10% or more of the Company’s total purchases:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s purchase</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Supplier A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--AccountsReceivablePurchase_pn3n3_uSGD_c20200101__20201231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zt1N45WZCykd" style="width: 12%; text-align: right" title="Amount of purchase"><span style="-sec-ix-redline: true">1,418</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--AccountsReceivablePurchase_pn3n3_uSGD_c20210101__20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zfe4kZBzJxZc" style="width: 12%; text-align: right" title="Amount of purchase"><span style="-sec-ix-redline: true">551</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Supplier B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A#</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--AccountsReceivablePurchase_pn3n3_uSGD_c20210101__20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierBMember_zfWhQKsM3oij" style="text-align: right" title="Amount of purchase"><span style="-sec-ix-redline: true">507</span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -24pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"># Purchase from relevant supplier was less than 10% of the Group’s total revenue for the respective year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of single supplier who represent 10% or more of the Company’s total accounts payable:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>As of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Supplier A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_pn3n3_uSGD_c20201231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zAi6xK4WruYh" style="width: 12%; text-align: right" title="Accounts payable"><span style="-sec-ix-redline: true">447</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_pn3n3_uSGD_c20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zic0ai0UFtI6" style="width: 12%; text-align: right" title="Accounts payable"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1385">-</span></span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">Supplier B</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A##</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_pn3n3_uSGD_c20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierBMember_zGvhh8uXsWq3" style="text-align: right" title="Accounts payable"><span style="-sec-ix-redline: true">320</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">## Accounts payable from relevant supplier was less than 10% of the Group’s total accounts payable for the respective year.</span></p> <p id="xdx_8A1_z76sdXK2DDJl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Credit Risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit risk is the potential financial loss to the Company resulting from the failure of a customer or a counterparty to settle its financial and contractual obligations to the Company, as and when they fall due. As the Company does not hold any collateral, the maximum exposure to credit risk is the carrying amounts of trade and other receivables (exclude prepayments) and cash and bank deposits presented on the consolidated statements of financial position. The Company has no other financial assets which carry significant exposure to credit risk.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Liquidity Risk</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Typically, the Company ensures that it has sufficient cash on demand to meet expected operational expenses for a period of 60 days, including the servicing of financial obligations; this excludes the potential impact of extreme circumstances that cannot reasonably be predicted, such as natural disasters.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_894_eus-gaap--SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_zJXQ67phMisi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of single customers who represent 10% or more of the Company’s total revenue:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_z1tOQAXocYBj" style="display: none">SCHEDULE OF CONCENTRATION RISK BY RISK FACTOR</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Customer A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--Revenues_pn3n3_uSGD_c20200101__20201231__srt--MajorCustomersAxis__custom--CustomerAMember_z5BrqoDa31af" style="width: 12%; text-align: right" title="Revenue"><span style="-sec-ix-redline: true">13,163</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_988_eus-gaap--Revenues_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerAMember_zBajceRAHuY6" style="width: 12%; text-align: right" title="Revenue"><span style="-sec-ix-redline: true">4,833</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Customer B</td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--Revenues_pn3n3_uSGD_c20200101__20201231__srt--MajorCustomersAxis__custom--CustomerBMember_zWUAeOMVO9X8" style="text-align: right"><span style="-sec-ix-redline: true">2,361</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--Revenues_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerBMember_zj0yF9kG8WP3" style="text-align: right" title="Revenue"><span style="-sec-ix-redline: true">3,188</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Customer C</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A*</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A*</span></span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*Revenue from relevant customer was less than 10% of the Group’s total revenue for the respective year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>As of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s accounts receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Customer A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20200101__20201231__srt--MajorCustomersAxis__custom--CustomerAMember_zD9eOTmonozk" style="width: 12%; text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">7,788</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerAMember_zMARyMxZmvje" style="width: 12%; text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">802</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">Customer B</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A**</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_983_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerBMember_z5TQDo10EU15" style="text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">898</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="-sec-ix-redline: true">Customer C</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A**</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--AccountsReceivableSale_pn3n3_uSGD_c20210101__20211231__srt--MajorCustomersAxis__custom--CustomerCMember_zPyHoJxYotOa" style="text-align: right" title="Account receivable"><span style="-sec-ix-redline: true">393</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">**Account receivable from relevant customer was less than 10% of the Group’s total accounts receivable for the respective year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of suppliers who represent 10% or more of the Company’s total purchases:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the years ended</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s purchase</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Supplier A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_989_eus-gaap--AccountsReceivablePurchase_pn3n3_uSGD_c20200101__20201231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zt1N45WZCykd" style="width: 12%; text-align: right" title="Amount of purchase"><span style="-sec-ix-redline: true">1,418</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_98D_eus-gaap--AccountsReceivablePurchase_pn3n3_uSGD_c20210101__20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zfe4kZBzJxZc" style="width: 12%; text-align: right" title="Amount of purchase"><span style="-sec-ix-redline: true">551</span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Supplier B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A#</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_985_eus-gaap--AccountsReceivablePurchase_pn3n3_uSGD_c20210101__20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierBMember_zfWhQKsM3oij" style="text-align: right" title="Amount of purchase"><span style="-sec-ix-redline: true">507</span></td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -24pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"># Purchase from relevant supplier was less than 10% of the Group’s total revenue for the respective year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table sets forth a summary of single supplier who represent 10% or more of the Company’s total accounts payable:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>As of</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2020</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="-sec-ix-redline: true"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><span style="-sec-ix-redline: true">2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="-sec-ix-redline: true"> </span></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">SGD’000</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Amount of the Company’s accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 68%; text-align: left">Supplier A</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_988_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_pn3n3_uSGD_c20201231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zAi6xK4WruYh" style="width: 12%; text-align: right" title="Accounts payable"><span style="-sec-ix-redline: true">447</span></td><td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="width: 2%"><span style="-sec-ix-redline: true"> </span></td> <td style="width: 1%; text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_989_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_pn3n3_uSGD_c20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierAMember_zic0ai0UFtI6" style="width: 12%; text-align: right" title="Accounts payable"><span style="-sec-ix-redline: true"><span style="-sec-ix-hidden: xdx2ixbrl1385">-</span></span></td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="-sec-ix-redline: true">Supplier B</span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td style="text-align: right"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A##</span></span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td><span style="-sec-ix-redline: true"> </span></td> <td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td><td id="xdx_982_eus-gaap--AccountsPayableCurrentAndNoncurrent_iI_pn3n3_uSGD_c20211231__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--SupplierBMember_zGvhh8uXsWq3" style="text-align: right" title="Accounts payable"><span style="-sec-ix-redline: true">320</span></td><td style="text-align: left"><span style="-sec-ix-redline: true"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">## Accounts payable from relevant supplier was less than 10% of the Group’s total accounts payable for the respective year.</span></p> 13163000 4833000 2361000 3188000 7788000 802000 898000 393000 1418000 551000 507000 447000 320000 <p id="xdx_80D_eus-gaap--CommitmentsContingenciesAndGuaranteesTextBlock_zTUkKy7YzX3b" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>19. <span id="xdx_82D_zGyVPif6a9mh">COMMITMENTS AND CONTINGENCIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Contingencies</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the ordinary course of business, the Company may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Company records contingent liabilities resulting from such claims, when a loss is assessed to be probable, and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of December 31, 2021 and through the issuance date of these consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_800_eus-gaap--SubsequentEventsTextBlock_z28ro4SNISD" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>20. <span id="xdx_820_zrh8ev0JhrYb">SUBSEQUENT EVENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has assessed all events from December 31, <span style="-sec-ix-redline: true">2021</span> through <span style="-sec-ix-redline: true">May 2, 2022,</span> which is the date that these consolidated financial statements are available to be issued, unless as disclosed below, there are not any material subsequent events that require disclosure in these consolidated financial statements other than events detailed below.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 22, 2022, the Company issued <span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220420__20220422__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zZovGZKF6R7a" title="Ordinary shares pursuant to the initial public offering">3,020,000 </span></span></span><span style="-sec-ix-redline: true"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ordinary shares pursuant to the initial public offering.</span></span></p> 3020000