v3.26.3
Interim Condensed Consolidated Statements of Change in Shareholders' Equity (Unaudited)
Common Stock [Member]
USD ($)
shares
Common Stock [Member]
SGD ($)
shares
Additional Paid-in Capital [Member]
USD ($)
Additional Paid-in Capital [Member]
SGD ($)
Retained Earnings [Member]
USD ($)
Retained Earnings [Member]
SGD ($)
AOCI Attributable to Parent [Member]
USD ($)
AOCI Attributable to Parent [Member]
SGD ($)
USD ($)
SGD ($)
Balance at Dec. 31, 2024   $ 2,060   $ 17,037,325   $ (14,630,797)   $ 37,548   $ 2,446,136
Balance, shares at Dec. 31, 2024 | shares [1] 3,539,790 3,539,790                
Capital contribution by shareholders     2,551,601       2,551,601
Capital contribution by shareholders, shares | shares 1,333,354 1,333,354                
Net loss       (1,570,101)     (1,570,101)
Other comprehensive losses         14,476   14,476
Balance at Jun. 30, 2025   $ 2,060   19,588,926   (16,200,898)   52,024   3,442,112
Balance, shares at Jun. 30, 2025 | shares 4,873,144 4,873,144                
Balance at Dec. 31, 2025   $ 2,060   22,276,916   (18,815,989)   (30,184)   3,432,803
Balance, shares at Dec. 31, 2025 | shares [1] 5,786,184 5,786,184                
Capital contribution by shareholders   $ 8,072   5,172,778       5,180,850
Capital contribution by shareholders, shares | shares 4,000,000 4,000,000                
Net loss       (2,069,012)   $ (1,598,805) (2,069,012)
Other comprehensive losses         30,184   30,184
Warrants     201,113       201,113
Balance at Jun. 30, 2026 $ 7,829 $ 10,132 $ 21,366,825 $ 27,650,807 $ (16,138,630) $ (20,885,001) $ 5,236,024 $ 6,775,938
Balance, shares at Jun. 30, 2026 | shares 9,786,184 9,786,184                
[1] On February 6, 2026, the Company, through its subsidiary IFSC Pte. Ltd., completed the sale of its entire interest in SIMPPLE Australia Pty Ltd. to two employees of that subsidiary for total consideration of AUD2. SIMPPLE Australia was deconsolidated on that date, and the Company retained no ownership interest. At the disposal date, SIMPPLE Australia had net liabilities of approximately S$1,337,069, including amounts due to a Group entity. The disposal resulted in a gain of S$1,315,264, included in “Other income” in the condensed consolidated statement of operations. The Company’s parent guarantee in respect of SIMPPLE Australia terminated upon completion.