v3.26.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Finance and Operating Leases

The following table shows finance lease liabilities and the associated financial statement line items:

 

   As of December 31, 
   2024   2025   2025 
   S$   S$   $ 
Liabilities            
Finance lease liabilities – current   45,032    42,062    32,710 
Finance lease liabilities – non-current   80,476    38,415    29,874 
Total   125,508    80,477    62,584 

 

As of December 31, 2024 and 2025, “Right-of-use assets, net” consisted of the following:

 

   As of December 31, 
   2024   2025   2025 
   S$   S$   $ 
Motor vehicles under hire purchase   183,073    183,073    142,370 
Leased office equipment   71,434    71,434    55,551 
Less: Accumulated amortization   (135,482)   (179,116)   (139,292)
Right-of-use assets (finance lease), net   119,025    75,391    58,629 

 

Information related to finance lease activities during the periods are as follows:

 

   For the Years Ended December 31, 
   2024   2025   2025 
   S$   S$   $ 
Finance lease expenses            
Amortization   52,031    43,633    33,932 
Interest of financing lease liabilities   8,267    5,140    3,997 

The following table shows the weighted-average lease terms and discount rates for finance leases:

 

   As of December 31, 
   2024   2025 
Weighted average remaining lease term (Years)        
Finance leases   2.91    2.07 
           
Weighted average discount rate (%)          
Finance leases   5.21    5.13 

The following table shows operating lease liabilities and the associated financial statement line items:

 

   As of December 31, 
   2024   2025   2025 
   S$   S$   $ 
Liabilities            
Operating lease liabilities – current   170,776    328,848    255,734 
Operating lease liabilities – non-current   96,921    69,156    53,780 
Total   267,697    398,004    309,514 

 

As of December 31, 2024 and 2025, “Right-of-use assets, net” consisted of the following:

 

   As of December 31, 
   2024   2025   2025 
   S$   S$   $ 
Leasehold buildings   717,262    1,181,216    918,591 
Less: Accumulated amortization   (445,607)   (773,472)   (601,503)
Right-of-use assets (operating lease), net   271,655    407,744    317,088 

Information related to operating lease activities during the periods are as follows:

 

   For the Years Ended December 31, 
   2023   2024   2025   2025 
   S$   S$   S$   $ 
Operating lease expenses                
Amortization   129,675    173,256    327,866    254,970 
Interest of operating lease liabilities   7,157    6,576    18,366    14,282 

The following table shows the weighted-average lease terms and discount rates for operating leases:

 

   As of December 31, 
   2024   2025 
Weighted average remaining lease term (Years)        
Operating leases   1.56    1.17 
           
Weighted average discount rate (%)          
Operating leases   3.42    4.59 
Schedule of Future Finance Lease Payments

Future finance lease payments as of December 31, 2025 are detailed as follows:

 

Finance leases  S$   $ 
2026   44,846    34,875 
2027   29,388    22,854 
2028 and hereafter   10,249    7,970 
Total future lease payment   84,483    65,699 
Less: Imputed interest   (4,006)   (3,115)
Present value of finance lease liabilities   80,477    62,584 
Less: Current portion   (42,062)   (32,710)
Long-term potion of finance lease liabilities   38,415    29,874 
Schedule of Future Operating Lease Payments

Future operating lease payments as of December 31, 2025 are detailed as follows:

 

Operating leases  S$   $ 
2026   338,891    263,544 
2027 and hereafter   69,640    54,157 
Total future lease payment   408,531    317,700 
Less: Imputed interest   (10,527)   (8,186)
Present value of operating lease liabilities   398,004    309,514 
Less: Current portion   (328,848)   (255,734)
Long-term potion of operating lease liabilities   69,156    53,780