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Interim Condensed Consolidated Statements of Income and Comprehensive Income
$ in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2024
SGD ($)
$ / shares
shares
Jun. 30, 2023
SGD ($)
$ / shares
shares
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 $ 7,927 $ 10,742 $ 8,814 $ 13,668 $ 18,032 $ 18,631 $ 14,764
Cost of revenues (5,835) (7,908) (6,716) (10,359) (13,666) (13,503) (12,416)
Gross profit 2,092 2,834 2,098 3,309 4,366 5,128 2,348
Gross profit 2,092 2,834 2,098 3,309 4,366 5,128 2,348
Operating expenses:              
Selling and marketing expenses (63) (86) (38) (40) (53) (27) (22)
General and administrative expenses (1,609) (2,181) (1,868) (2,504) (3,303) (3,337) (2,267)
Total operating expenses (1,672) (2,267) (1,906) (2,544) (3,356) (3,364) (2,289)
Income from operations 420 567 192 765 1,010 1,764 59
Other income (loss):              
Other income 408 554 463 552 728 542 707
Interest expense (175) (236) (183) (387) (511) (336) (217)
Other expense (47) (64) (119) (453) (597) (545) (550)
Change in fair value in financial instrument (37) (49) 2 3
Total other income (loss) 149 205 161 (288) (380) (337) (57)
Income before tax expense 569 772 353 477 630 1,427 2
Income tax expense (128) (174) (74) (84) (111) (235)
Net income 441 598 279 393 519 1,192 2
Other comprehensive income              
Foreign currency translation gain/ (loss), net of taxes (21) (29) (52) (52) (69) 2 (24)
Total comprehensive income(loss) $ 420 $ 569 $ 227 $ 341 $ 450 $ 1,194 $ (22)
Net income per share attributable to ordinary shareholders              
Basic | (per share) $ 0.09 $ 0.12 $ 0.06 $ 0.08 [1] $ 0.10 [1] $ 0.25 [1] $ 0.00 [1]
Diluted | (per share) $ 0.09 $ 0.12 $ 0.06 $ 0.08 [1] $ 0.10 [1] $ 0.25 [1] $ 0.00 [1]
Weighted average number of ordinary shares used in computing net income per share              
Basic, Shares 5,006,666 [2] 5,006,666 [2] 5,006,666 [2] 5,006,666,000 [1] 5,006,666,000 [1] 4,697,772,000 [1] 4,000,000,000 [1]
Diluted,Shares 5,006,666 [2] 5,006,666 [2] 5,006,666 [2] 5,006,666,000 [1] 5,006,666,000 [1] 4,697,772,000 [1] 4,000,000,000 [1]
[1] Giving retroactive effect to the reverse share split effected which are detailed in Note 15 to the consolidated financial statements
[2] Giving retroactive effect to the reverse share split effected which are detailed in Note 15 to the consolidated financial statements