XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Interim Consolidated Balance Sheets (Unaudited)
$ in Thousands
Jun. 30, 2025
USD ($)
Jun. 30, 2025
SGD ($)
Dec. 31, 2024
SGD ($)
Current assets      
Cash and cash equivalents $ 372 $ 474,000 $ 314,000
Accounts receivable 31 40,000
Deposits, prepayments and other receivables 1,188 1,516,000 1,371,000
Total current assets 1,591 2,030,000 1,685,000
Non-current assets      
Property and equipment, net 439 560,000 584,000
Intangible assets 64 82,000 58,000
Right-of-use asset 15 19,000 37,000
Total non-current assets 518 661,000 679,000
Total Assets 2,109 2,691,000 2,364,000
Current liabilities      
Accounts payable and accrued liabilities 657 838,000 719,000
Bank borrowings 7 9,000 62,000
Lease liabilities 15 19,000 37,000
Income tax payable 3 4,000 4,000
Total current liabilities 1,983 2,529,000 1,951,000
Non-current liabilities      
Bank borrowings 309 395,000 398,000
Total Liabilities 2,292 2,924,000 2,349,000
Commitments and contingencies
Shareholders’ Equity      
Ordinary share, par value US$0.000005, 100,000,000,000 shares authorized, 15,000,000 share issued and outstanding [1],[2]
Additional paid-in capital 8 11,000 11,000
Retained earnings (Accumulated losses) (185) (244,000) 4,000
Forex reserve (6)
Total Shareholders’ Equity (Deficit) (183) (233,000) 15,000
Total Liabilities and Shareholders’ Equity (Deficit) 2,109 2,691,000 2,364,000
Director [Member]      
Current liabilities      
Amount due to director $ 1,301 $ 1,659,000 $ 1,129,000
[1] Below S$1,000/US$1,000
[2] Retrospectively presented for the effect of (i) the issuance of 1 ordinary share on February 15, 2024 in preparation of the Company’s initial public offering and ii) the 1:200 share sub-division and 5,000,000 share surrender approved on October 2, 2024 (Note 1)