v3.26.1
WARRANT LIABILITIES AND WARRANT RESERVE (Tables)
 12 Months Ended
Dec. 31, 2025
Warrant Liabilities And Warrant Reserve  
SCHEDULE OF WARRANT LIABILITIES

 

   Number of warrants   Amount
S$		   Weighted
Average
Exercise Price
US$		 
             
2024               
Beginning of financial year   72,371    146,613    - 
Fair value changes to profit or loss   -    (138,292)   - 
Currency realignment   -    3,624    - 
End of financial year   72,371    11,945    - 

 

   Number of warrants   Amount
S$		   Weighted
Average
Exercise Price
US$		 
             
2025               
Beginning of financial year   72,371    11,945    - 
Fair value changes to profit or loss   -    13,119    - 
End of financial year   72,371    25,064    - 
SCHEDULE OF FAIR VALUE OF WARRANTS

The Representative’s Warrants are considered at Level 2 fair value hierarchy. The fair value of the warrants was determined by using Black-Scholes option pricing model using the key assumptions as follows:

 

 

As at December 31, 2024    
Expected volatility   5.77%
Risk-free interest rate   4.57%
Expected term (years)   3 
Exercise price  US$4.00 
Spot price  US$3.40 
Fair value of warrant  US$0.12 

 

As at December 31, 2025    
Expected volatility   79.28%
Risk-free interest rate   4.15%
Expected term (years)   2 
Exercise price  US$4.00 
Spot price  US$1.34 
Fair value of warrant  US$0.27 
SCHEDULE OF WARRANT RESERVE

 

   2024   2025 
   S$   S$ 
         
At beginning of year   73,930    - 
Warrant reserve capitalized in the year   (73,930)   - 
At end of year   -    -