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Consolidated Statements of Income and Comprehensive Income (Loss)
shares in Thousands, $ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2023
SGD ($)
$ / shares
shares
Dec. 31, 2022
SGD ($)
$ / shares
shares
Dec. 31, 2021
SGD ($)
$ / shares
shares
Income Statement [Abstract]        
Revenues $ 13,668 $ 18,032 $ 18,631 $ 14,764
Cost of revenues (10,359) (13,666) (13,503) (12,416)
Gross profit 3,309 4,366 5,128 2,348
Gross profit 3,309 4,366 5,128 2,348
Operating expenses:        
Selling and marketing expenses (40) (53) (27) (22)
General and administrative expenses (2,504) (3,303) (3,337) (2,267)
Total operating expenses (2,544) (3,356) (3,364) (2,289)
Income from operations 765 1,010 1,764 59
Other income (loss):        
Other income 552 728 542 707
Interest expense (387) (511) (336) (217)
Other expense (453) (597) (545) (550)
Change in fair value in financial instrument 2 3
Total other income (loss) (288) (380) (337) (57)
Income before tax expense 477 630 1,427 2
Income tax expense (84) (111) (235)
Net income 393 519 1,192 2
Other comprehensive income        
Foreign currency translation gain/ (loss), net of taxes (52) (69) 2 (24)
Total comprehensive income(loss) $ 341 $ 450 $ 1,194 $ (22)
Net income per share attributable to ordinary shareholders        
Basic | (per share) [1] $ 0.08 $ 0.10 $ 0.25 $ 0.00
Diluted | (per share) [1] $ 0.08 $ 0.10 $ 0.25 $ 0.00
Weighted average number of ordinary shares used in computing net income per share        
Basic, Shares [1] 5,006,666 5,006,666 4,697,772 4,000,000
Diluted,Shares [1] 5,006,666 5,006,666 4,697,772 4,000,000
[1] Giving retroactive effect to the reverse share split effected which are detailed in Note 15 to the consolidated financial statements