v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Taxes [Abstract]  
Schedule of Singapore Statutory Rates

The following table reconciles Singapore statutory rates to the Company’s effective tax rate:

 

   For the Years Ended December 31, 
   2023   2024   2025   2025 
   S$   S$   S$   $ 
Income tax expenses                
Current income tax expenses   
    20,597    20,241    15,741 
Deferred income tax expenses (benefit)   478,009    (186,547)   (140,372)   (109,163)
Income tax expenses (benefit)   478,009    (165,950)   (120,131)   (93,422)
Schedule of Statutory Tax Rate and the Effective Tax Rate for Enterprise Income Tax

A reconciliation of the differences between the statutory tax rate and the effective tax rate for enterprise income tax is as follows:

 

   For the Years Ended December 31, 
   2023   2023   2024    2024   2025   2025                2025 
   S$   %   S$   %   S$   $   % 
Income (loss) before tax   2,868,175    100.0    (1,197,088)   100.0    (2,473,133)   (1,923,270)   100.0 
Singapore statutory income tax rate   17%        17%        17%   17%     
Income tax expenses (benefit) computed at Singapore statutory rate   487,590    17.0    (203,505)   17.0    (420,433)   (326,956)   17.0 
Domestic tax effects                                   
Non-deductible expenses   7,530    0.3    5,916    (0.5)   12,827    9,975    (0.5)
Tax exemption and rebates   
    
    
    
——
    
    
    
 
True-up of prior tax   
    
    (34,022)   2.8    (33,666)   (26,181)   1.4 
Foreign tax effects                                   
Statutory tax rate difference between Cayman and Singapore   
    
    65,661    (5.4)   321,141    249,740    (13.0)_
Others   (17,111)   (0.6)   
    
    
    
    
 
Total tax expenses (benefit)   478,009    16.7    (165,950)   13.9    (120,131)   (93,422)   4.9 
Schedule of Deferred Tax Asset and Liability Components of the Company’s deferred tax asset and liability are as follows:
   As of December 31, 
   2024   2025   2025 
   S$   S$   $ 
Deferred tax assets            
Allowance for credit losses   10,369    10,854    8,441 
Lease liabilities   66,845    81,342    63,257 
Net operating loss carry-forwards   150,781    270,046    210,006 
Depreciation   7,421    4,735    3,682 
Deferred tax liabilities               
Right-of-use assets   (66,416)   (82,133)   (63,872)
Depreciation   
    
    
 
Unbilled revenue   (560,836)   (536,310)   (417,070)
Deferred tax liabilities, net   (391,836)   (251,466)   (195,556)