v3.26.3
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2026
Income Taxes [Abstract]  
Schedule of Singapore Statutory Rates

The following table reconciles Singapore statutory rates to the Company’s effective tax rate:

 

    For the six months ended June 30,  
    2025 (Unaudited)     2026 (Unaudited)     2026 (Unaudited)  
    S$     S$     $  
Income tax expenses                  
Current income tax expenses     —       —       —  
Deferred income tax (benefit) expenses     (12,860 )     51,755       39,993  
Income tax expenses (benefit)     (12,860 )     51,755       39,993  
Schedule of Statutory Tax Rate and the Effective Tax Rate for Enterprise Income Tax

A reconciliation of the differences between the statutory tax rate and the effective tax rate for enterprise income tax is as follows:

 

    For the six months ended June 30,  
    2025     2026     2026     2026     2026  
    S$     %     S$     $     %  
Loss before tax     (520,973 )     100.0       (263,442 )     (203,573 )     100.0  
Singapore statutory income tax rate     17 %             17 %     17 %        
Income tax expenses computed at Singapore statutory rate     (88,566 )     17.0       (44,786 )     (34,608 )     17.0  
Domestic tax effects                                        
Non-deductible expenses     2,285       (0.4 )     7,241       5,595       (2.7 )
True-up of prior tax                     (53,907 )     (41,656 )     20.5  
Foreign tax effects                                        
Statutory tax rate difference between Cayman and Singapore     73,421       (14.1 )     143,207       110,662       (54.4 )
Others     —       —       —       —       —  
Total tax (benefit) expenses     (12,860 )     2.5       51,755       39,993       (19.6 )
Schedule of Deferred Tax Asset and Liability Components of the Company’s deferred tax asset and liability are as follows:

 

    As of     As of June 30,  
    December 31,
2025
    2026 (Unaudited)    

2026

(Unaudited)

 
    S$     S$     $  
Deferred tax assets                  
Lease liabilities     81,342       65,128       50,327  
Net operating loss carry-forwards     270,046       287,768       222,369  
Allowance for credit losses     10,854       10,854       8,387  
Depreciation     4,735       4,769       3,685  
Deferred tax liabilities                        
Right-of-use assets     (82,133 )     (66,234 )     (51,181 )
      —                  
Unbilled revenue     (536,310 )     (605,506 )     (467,897 )
Deferred tax liabilities, net     (251,466 )     (303,221 )     (234,310 )