v3.26.1
Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2025
SGD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (9,236,201) $ (7,182,677) $ (4,362,274) $ (5,516,224)
Adjustments to reconcile net loss to net cash used in operating activities:        
Stock-based compensation 32,477 25,256 93,389 537,756
Depreciation of property and equipment 136,619 106,244 42,066 34,448
Amortization of operating lease right-of-use assets 107,836 83,860 323,507 327,389
Amortization of intangible assets 678,789 527,871 629,207 123,848
Impairment of intangible assets 113,707
Impairment of goodwill 4,703,996 3,658,135
Allowance for expected credit losses 34,155 26,561 50,948 7,619
Loss of disposal of property and equipment 453
Interest income (2,218) (1,725) (76,054) (81,568)
Changes in assets and liabilities:        
Accounts receivable (254,958) (198,271) (10,477) (154,509)
Prepayments (472,019) (367,073) (41,985) (157,953)
Other current assets, net 3,904,393 3,036,312 158,804 41,431
Deposits 27,045 21,032 8,851 14,281
Accounts payable 812,547 631,890 (79,192) 294,503
Contract liabilities 24,386 18,964 (103,655) (171,980)
Accrued liabilities and other payables (4,652,654) (3,618,208) 539,331 167,407
Other taxes payable 37,735 29,345 24,660 1,536
Operating lease obligation (110,982) (86,307) (334,284) (323,376)
NET CASH USED IN OPERATING ACTIVITIES (4,229,054) (3,288,791) (3,023,451) (4,854,939)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment (91,913) (71,478) (27,047) (50,415)
Purchases of intangible assets (94,630) (73,590) (186,861) (737,203)
Acquisition of subsidiary, net of cash acquired 34,858 27,108 (513,600) (309,311)
Deposit for an acquisition (550,168) (3,437,661)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (151,685) (117,960) (1,277,676) (4,534,590)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from common share issued for cash 6,242,291 4,854,415 6,069 3,722
Net proceeds from initial public offering 5,679,065 11,157,002
Advances from/(to) a shareholder, net (2,290,044)
Proceeds from loans 427,216
Deferred public offering costs (114,794)
Advances from related parties 2,722,337 2,117,067 909,532
Repayment from related parties (156,110) (121,401)
Repayment of long-term loans (649,572) (505,150) (987,716) (315,263)
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,158,946 6,344,931 5,124,634 9,350,155
Effect of exchange rate changes on cash and cash equivalents (337,545) (262,497) 130,515 (70,252)
NET CHANGE IN CASH AND CASH EQUIVALENTS 3,440,662 2,675,683 954,022 (109,626)
CASH, CASH EQUIVALENTS AT BEGINNING OF THE YEAR 1,145,829 891,072 191,807 301,433
CASH, CASH EQUIVALENTS AT YEAR END 4,586,491 3,566,755 1,145,829 191,807
SUPPLEMENTAL CASH FLOW INFORMATION:        
Bank Loan Interest 15,677 12,191 33,068 19,105
Operating Lease Interest 5,450 11,159
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING ACTIVITIES:        
Issue of ordinary shares against consideration payable (Note 10) $ 1,290,793 $ 1,003,805