v3.26.1
RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2025
Right-of-use Rou Assets And Lease Payable  
SCHEDULE OF RIGHT OF USE ASSETS AND LIABILITIES

The Company recognized operating lease ROU assets and lease liabilities as follows:

 

             
   December 31, 
   2024   2025   2025 
   SGD’000   SGD’000   US$’000 
Right-of-use assets   2,592    1,772    1,378 
Less: accumulated amortization   (960)   (789)   (614)
Operating lease ROU asset, net   1,632    983    764 

 

Amortization of right-of-use assets was approximately SGD211 thousand and SGD163 thousand (US$127 thousand) for the years ended December 31, 2024 and 2025, respectively.

 

   SGD’000   SGD’000   USD’000 
   December 31, 
   2024   2025   2025 
   SGD’000   SGD’000   US$’000 
Finance lease liabilities   -    336    262 
Operating lease liabilities   1,278    72    56 
Total   1,278    408    318 

 

Finance lease liabilities

 

             
   December 31, 
   2024   2025   2025 
   SGD’000   SGD’000   US$’000 
Finance lease liabilities            
Current portion   -    154    120 
Non-current portion   -    182    142 
Total   -    336    262 

 

             
   December 31, 
   2024   2025   2025 
   SGD’000   SGD’000   US$’000 
Operating lease liabilities               
Current portion   292    37    29 
Non-current portion   986    35    27 
Total   1,278    72    56 
 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER FINANCE LEASES

As of December 31, 2025, future minimum lease payments under the finance leases are as follows:

 

Future payment  SGD’000   US$’000 
2026   154    120 
2027   94    73 
2028   35    27 
2029   32    25 
2030   21    17 
Total   336    262 
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S FINANCE LEASE

The following summarizes other supplemental information about the Company’s finance lease as of December 31, 2025:

 

SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S FINANCE LEASE 

Weighted average discount rate   2.53%
Weighted average remaining lease term (years)   2.9 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES

As of December 31, 2025, future minimum lease payments under the non-cancelable operating leases are as follows:

 

Future payment  SGD’000   US$’000 
2026   37    29 
2027   35    27 
Total   72    56 
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S OPERATING LEASE

The following summarizes other supplemental information about the Company’s operating lease as of December 31, 2025:

 

Weighted average discount rate   4.33%
Weighted average remaining lease term (years)   1.8