Leases (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Leases [Abstract] |
|
| Schedule of non-cancellable operating lease contracts |
As
of December 31, 2025, the Company had the following non-cancellable operating lease contracts:
Schedule of non-cancellable operating lease contracts
| Description
of lease |
|
Lease
term |
| Office
premise – Block 1090, #06-08 |
|
3
years |
| Office
premise – Block 1090, #06-10, 11, 12 & 13 |
|
3
years |
|
| Schedule of amount recognized in the consolidated balance sheets |
(a)
Amount recognized in the consolidated balance sheets:
Schedule of amount recognized in the consolidated balance sheets
| | |
2024 | | |
2025 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| |
| Right-of-use assets | |
| 30,940 | | |
| 316,725 | | |
| 246,229 | |
| | |
| | | |
| | | |
| | |
| Operating lease liabilities | |
| | | |
| | | |
| | |
| Current | |
| 35,812 | | |
| 110,233 | | |
| 85,698 | |
| Non-current | |
| - | | |
| 207,557 | | |
| 161,359 | |
| Total operating lease
liabilities | |
| 35,812 | | |
| 317,790 | | |
| 247,057 | |
|
| Schedule of lease cost |
(b) A summary of lease cost recognized in the Group’s consolidated statements of operations is as follows:
Schedule of lease cost
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Operating lease cost | |
| | | |
| | | |
| | | |
| | |
| Operating lease expense | |
| 46,402 | | |
| 44,185 | | |
| 63,352 | | |
| 49,251 | |
|
| Schedule of supplemental cash flow information related to leases |
(c)
Supplemental cash flow information related to leases is as follows:
Schedule of supplemental cash flow information related to leases
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| | |
| |
| Cash paid for amounts included in the measurement of lease liabilities: | |
| | | |
| | | |
| | | |
| | |
| Cash flows from operating leases | |
| 46,402 | | |
| 44,185 | | |
| 63,352 | | |
| 49,251 | |
|
| Schedule of future minimum lease payments under non-cancellable operating lease agreements |
Future
minimum lease payments under non-cancellable operating lease agreements as of December 31, 2025 were as follows:
Schedule of future minimum lease payments under non-cancellable operating lease agreements
| | |
Minimum lease payment | |
| | |
2025 | | |
2025 | |
| Twelve months ending December 31, | |
S$ | | |
US$ | |
| 2026 | |
| 123,749 | | |
| 96,205 | |
| 2027 | |
| 123,749 | | |
| 96,205 | |
| 2028 | |
| 93,010 | | |
| 72,309 | |
| Total future minimum lease payments | |
| 340,508 | | |
| 264,719 | |
| Less: imputed interest | |
| (22,718 | ) | |
| (17,662 | ) |
| Present value of operating lease liabilities | |
| 317,790 | | |
| 247,057 | |
| Less: current portion | |
| (110,233 | ) | |
| (85,698 | ) |
| Long-term portion | |
| 207,557 | | |
| 161,359 | |
|
| Schedule of other supplemental information about lease |
The
following summarizes other supplemental information about the Company’s lease as of December 31, 2025:
Schedule of other supplemental information about lease
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| Weighted average discount rate | |
| | | |
| | |
| Operating leases | |
| 5.25 | % | |
| 5.25 | % |
| | |
| | | |
| | |
| Weighted average remaining lease term | |
| | | |
| | |
| Operating leases | |
| 9 months | | |
| 2 years 10 months | |
|