v3.26.3
Condensed Consolidated Balance Sheets (Unaudited)
Jun. 30, 2026
USD ($)
Jun. 30, 2026
SGD ($)
Dec. 31, 2025
SGD ($)
Current assets      
Cash and cash equivalents $ 2,192,000 $ 2,837,000 $ 5,002,000
Accounts receivable, net 17,000 22,000 33,000
Deposits, prepaid expenses and other current assets 39,858,000 51,582,000 30,652,000
Total current assets 42,067,000 54,441,000 35,687,000
Non-current assets      
Property and equipment, net 28,000 36,000 70,000
Intangible assets, net 655,000 847,000 815,000
Investment in a joint venture 1,504,000 1,947,000 1,749,000
Total non-current assets 2,187,000 2,830,000 2,634,000
TOTAL ASSETS 44,254,000 57,271,000 38,321,000
Current liabilities      
Accounts payable 3,377,000 4,370,000 4,951,000
Accrued expenses and other current liabilities 991,000 1,282,000 1,329,000
Operating lease obligations 15,000 20,000 59,000
Total current liabilities 4,383,000 5,672,000 6,339,000
TOTAL LIABILITIES 4,383,000 5,672,000 6,339,000
SHAREHOLDERS’ EQUITY      
Ordinary shares, US$0.0002 of nominal or par value, 175,000,000 Class A shares and 75,000,000 Class B shares authorized, 150,049,131 Class A shares as of June 30, 2026 (December 31, 2025: 108,964,651) and 19,677,175 Class B shares issued and outstanding for June 30, 2026 and (December 31, 2025: 12,677,175) 34,000 44,000 32,000
Additional paid-in capital 98,383,000 127,323,000 94,273,000
Accumulated deficit (58,454,000) (75,649,000) (62,238,000)
Foreign currency translation reserve (195,000) (252,000) (228,000)
Equity attributable to owners of the Company 39,768,000 51,466,000 31,839,000
Non-controlling interests 103,000 133,000 143,000
Total shareholders' equity 39,871,000 51,599,000 31,982,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 44,254,000 $ 57,271,000 $ 38,321,000