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 income (loss) $ (2,353,002) $ (1,829,848) $ (1,031,138) $ 2,390,166
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Provision for doubtful accounts 2,851 2,217 30,078 30,916
Depreciation of property and equipment 3,254 2,531 4,314 4,619
Amortization of right-of-use assets 371,499 288,902 225,287 192,021
Gain on early termination of lease (11,081)
Share-based compensation 1,185,727 922,099
Deferred tax expenses (benefit) (140,370) (109,162) (186,547) 478,009
Changes in operating assets and liabilities        
Accounts receivable 42,626 33,149 239,017 (208,457)
Contract assets 575,041 447,190 (138,678) (4,061,592)
Accounts receivable – a related party 19,901 15,476 125,941 (185,694)
Other assets (324,974) (252,721) 161,948 18,670
Accounts payable (836,501) (650,518) 315,228 325,961
Other payables and accruals (275,691) (214,395) (95,002) (72,121)
Contract liabilities 18,153 14,117 (136,464)
Income tax payable (15,772)
Lease liabilities (328,506) (255,468) (170,637) (129,648)
Net cash used in operating activities (2,039,992) (1,586,431) (531,270) (1,369,386)
Cash flows from investing activities        
Purchases of property and equipment (4,879)
Repayment of amount from a related party 1,000,000
Proceeds from repayment of loans from third party 1,300,000 1,010,965
Loans to a third party (2,621,944)
Net cash provided by (used in) investing activities 1,300,000 1,010,965 (2,621,944) 995,121
Cash flows from financing activities        
Proceeds from loans and borrowings 1,050,000
Proceeds from related parties 75,000 58,325 450,368 584,328
Payment for deferred offering costs (200,526)
Repayment of amount to related parties (283,192) (220,229) (212,051)
Repayment of loans and borrowings (259,049) (201,453) (430,465) (439,850)
Payments for finance lease liabilities (50,172) (39,017) (60,604) (58,215)
Issuance of Class A ordinary shares in connection with IPO 5,618,568
Proceeds from private placement 1,925,222 1,497,178
Net cash provided by financing activities 1,407,809 1,094,804 5,577,867 723,686
Effect of foreign exchange on cash (233,445) (181,542) 250,665
Net changes in cash 434,372 337,796 2,675,318 349,421
Cash at beginning of the year 3,373,424 2,623,395 698,106 348,685
Cash at end of the year 3,807,796 2,961,191 3,373,424 698,106
Supplemental non-cash in financing activities:        
Deferred IPO costs charged to share capital 1,543,632
Offset amount due to a related party 1,296,018
Right-of-use assets, obtained in exchange for lease obligations 345,788
Accrued interest on borrowings from a related party 35,087 27,286
Supplement disclosures of cash flow information:        
Income taxes paid 20,241 15,741 20,597 15,773
Interest paid $ 56,800 $ 44,172 $ 80,176 $ 73,962