XML 30 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (3,192,998) $ (4,362,274) $ (4,181,177) $ (5,516,224) $ (3,074,041)
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock-based compensation 68,357 93,389 407,607 537,756
Depreciation of property and equipment 30,790 42,066   34,448 29,952
Amortization of operating lease right-of-use assets 236,793 323,507   327,389 293,461
Amortization of intangible assets 460,553 629,207   123,848
Impairment of intangible assets 83,229 113,707  
Provision for expected credit losses accounts 37,292 50,948   7,619 16,683
Loss of disposal of property and equipment   453
Interest income (55,668) (76,054)   (81,568)
Changes in assets and liabilities:          
Accounts receivable (7,669) (10,477)   (154,509) (127,005)
Prepayments (30,731) (41,985)   (157,953) 10,040
Other current assets, net 116,238 158,804   41,431 (2,326)
Deposits 6,479 8,851   14,281 (23,097)
Accounts payable (57,965) (79,192)   294,503 (29,758)
Contract liabilities (75,871) (103,655)   (171,980) 115,960
Accrued liabilities and other payables 394,767 539,331   167,407 11,897
Other taxes payable 18,050 24,660   1,536 (42,246)
Operating lease obligation (244,682) (334,284)   (323,376) (285,837)
NET CASH USED IN OPERATING ACTIVITIES (2,213,036) (3,023,451)   (4,854,939) (3,106,317)
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of intangible assets (19,797) (27,047)   (50,415) (15,327)
Purchases of intangible assets (136,774) (186,861)   (737,203)
Acquisition of subsidiary, net of cash acquired (375,934) (513,600)   (309,311)
Deposit for an acquisition (402,699) (550,168)   (3,437,661)
Loan repayment by a shareholder   870,728
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (935,204) (1,277,676)   (4,534,590) 855,401
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from common share issued for cash 4,442 6,069   3,722
Advances from/(to) a shareholder, net   (2,290,044) 2,290,044
Proceeds from loans 312,704 427,216      
Net proceeds from initial public offering 4,156,832 5,679,065   11,157,002
Deferred public offering costs   (114,794) (676,321)
Advances from directors   909,532
Repayment of long-term loans (722,966) (987,716)   (315,263) (308,461)
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,751,012 5,124,634   9,350,155 1,305,262
Foreign currency effect 95,531 130,515   (70,252) 26,156
NET CHANGE IN CASH AND CASH EQUIVALENTS 698,303 954,022   (109,626) (919,498)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE YEAR 140,395 191,807   301,433 1,220,931
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT YEAR END 838,698 1,145,829 $ 140,395 191,807 301,433
Cash paid for:          
Income tax paid  
Bank Loan Interest   33,068   19,105 27,782
Operating Lease Interest $ 3,989 $ 5,450   $ 11,159 $ 11,370