3.
ACCOUNTS RECEIVABLE, NET
Accounts
receivable, net, consists of the following:
SCHEDULE OF ACCOUNTS RECEIVABLES, NET
| | |
| | |
| | |
| |
| | |
December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
SGD’000 | | |
SGD’000 | | |
US$’000 | |
| Accounts receivable | |
| 4,566 | | |
| 7,489 | | |
| 5,825 | |
| Less: allowance for expected credit losses | |
| (78 | ) | |
| (78 | ) | |
| (61 | ) |
| Accounts receivable, net | |
| 4,488 | | |
| 7,411 | | |
| 5,764 | |
The
movements in the allowance for expected credit losses for the years ended December 31, 2024 and 2025 were as follows:
SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS
| | |
| | |
| | |
| |
| | |
December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
SGD’000 | | |
SGD’000 | | |
US$’000 | |
| Balance at beginning of the year | |
| 23 | | |
| 78 | | |
| 61 | |
| Additions | |
| 55 | | |
| - | | |
| - | |
| Reversal | |
| - | | |
| - | | |
| - | |
| Balance at end of the year | |
| 78 | | |
| 78 | | |
| 61 | |
|