Note 4 — ACCOUNTS RECEIVABLE,
NET
Accounts receivable, net consisted of the following:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
$ | |
| Accounts receivable | |
| 106,471 | | |
| 63,845 | | |
| 49,650 | |
| Less: Allowance for credit losses | |
| (60,994 | ) | |
| (63,845 | ) | |
| (49,650 | ) |
| Accounts receivable, net | |
| 45,477 | | |
| — | | |
| — | |
Movements of allowance for credit losses are as
follows:
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
$ | |
| Allowance for expected credit losses, beginning | |
| 30,916 | | |
| 60,994 | | |
| 47,433 | |
| Additions | |
| 30,078 | | |
| 2,851 | | |
| 2,217 | |
| Allowance for expected credit losses, ending | |
| 60,994 | | |
| 63,845 | | |
| 49,650 | |
|