v3.26.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
SGD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (3,633,248) $ (4,673,447) $ (1,560,535) $ (1,119,555)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 28,394 36,523 42,185 35,059
Current expected credit loss on account receivables 28,409
Loss on disposal of property and equipment 1,746 2,246
Write-off on inventories 1,345 1,730 5,935
Lease related expenses (2,960) (3,807) (2,112) 106
Foreign exchange loss/ (income) 109,782 141,213 (1,741) 2,484
Equity in net earnings of affiliates 49,249 63,349 51,931 33,788
Change in operating assets and liabilities:        
Account receivables 6,337 8,151 24,430 (37,511)
Contract assets 2,488
Other assets and deferred costs (3,465,133) (4,457,200) 10,639 (32,122)
Inventories (1,164)
Accounts payable (1,177)
Accruals and other payables (227,140) (290,994) 123,562 (45,863)
Advance to related parties, net 30,681 39,465 69,725 238,900
Net cash used in operating activities (7,100,947) (9,133,948) (1,235,981) (894,981)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment (45,268) (58,229) (21,884) (67,977)
Net cash used in investing activities (45,268) (58,229) (21,884) (67,977)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Issuance of ordinary shares 13,687,351 17,606,040
Payments of financing costs (2,043,647) (2,628,743) (423,787) (647,796)
Proceeds from bank loans 200,000
Repayments of bank loans (42,019) (54,049) (23,572) (20,574)
Advance from/ (repayment to) related parties, net (2,092,440) (2,691,506) 1,588,336 1,101,445
Net cash provided by financing activities 9,509,245 12,231,742 1,340,977 433,075
Net change in cash and cash equivalents 2,363,030 3,039,565 83,112 (529,883)
Foreign currency translation (29,818) (38,355) (1,903) 570
Cash and cash equivalents - beginning of year 90,548 116,472 35,263 564,576
Cash and cash equivalents - end of year 2,423,760 3,117,682 116,472 35,263
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:        
Cash paid for interest 54,874 70,584 221 727
Unpaid deferred offering costs $ 242,287