Consolidated Statements of Operations and Comprehensive Income $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
|
Dec. 31, 2024
USD ($)
$ / shares
shares
|
Dec. 31, 2024
SGD ($)
$ / shares
shares
|
Dec. 31, 2023
SGD ($)
$ / shares
shares
|
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| Income Statement [Abstract] | |||||
| Revenues, net | $ 42,817 | $ 58,496,000 | $ 72,782,000 | ||
| Cost of revenue | (35,015) | (47,838,000) | (57,000,000) | ||
| Gross profit | 7,802 | 10,658,000 | 15,782,000 | ||
| Operating cost and expenses: | |||||
| Selling and distribution | (466) | (635,000) | (729,000) | ||
| General and administrative | (5,289) | (7,226,000) | (6,856,000) | ||
| Total operating cost and expenses | (5,755) | (7,861,000) | (7,585,000) | ||
| Profit from operations | 2,047 | 2,797,000 | 8,197,000 | ||
| Other income (expense): | |||||
| Gain from disposal of right-of-use assets | 55,000 | ||||
| Loss from disposal of plant and equipment | (92) | (126,000) | |||
| Interest income | 451 | 616,000 | 34,000 | ||
| Interest expense | (695) | (949,000) | (822,000) | ||
| Government grant | 102 | 139,000 | 41,000 | ||
| Write back of allowance for credit loss, net | 19 | 26,000 | 66,000 | ||
| Write back of allowance for stock obsolescence | 14 | 19,000 | 168,000 | ||
| Exchange gain | 7 | 9,000 | 143,000 | ||
| Other income | 61 | 84,000 | 244,000 | ||
| Total other loss, net | (133) | (182,000) | (71,000) | ||
| Income before income taxes | 1,914 | 2,615,000 | 8,126,000 | ||
| Income tax expense | (535) | (731,000) | (1,046,000) | ||
| NET INCOME | 1,379 | 1,884,000 | 7,080,000 | ||
| COMPREHENSIVE INCOME | $ 1,379 | $ 1,884,000 | $ 7,080,000 | ||
| Net income per share | |||||
| Basic | (per share) | $ 0.05 | $ 0.07 | $ 0.25 | ||
| Diluted | (per share) | $ 0.05 | $ 0.07 | $ 0.25 | ||
| Weighted average number of ordinary shares outstanding | |||||
| Basic | [1] | 27,796,502 | 27,796,502 | 27,796,502 | |
| Diluted | [1] | 27,796,502 | 27,796,502 | 27,796,502 | |
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| X | ||||||||||
- Definition Allowance for stock obsolescence No definition available.
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| X | ||||||||||
- Definition Government grant. No definition available.
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of other assets. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of expense (reversal of expense) for expected credit loss on accounts receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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