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Combined and Consolidated Balance Sheets
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
 [1]
Current assets:          
Cash and cash equivalents $ 3,442,259 $ 1,366,231 $ 1,802,469    
Accounts receivables, net 216,536 113,395 149,602    
Inventories, net 601,900 674,529 889,907    
Deposit, prepayments and other receivables 883,227 689,562 909,738    
Total current assets 5,146,822 3,780,589 4,987,732    
Non-current assets:          
Plant and equipment, net 220,603 225,565 297,587    
Right-of-use assets, net 3,250,835 3,111,037 4,100,541    
Total non-current assets 3,471,438 3,336,602 4,398,128    
TOTAL ASSETS 8,618,260 7,117,191 9,385,860    
Current liabilities:          
Accounts payable 267,792 993,547 1,310,787    
Customer deposits 696,538 846,937 1,117,364    
Accrued liabilities and other payables 498,027 216,596 285,756    
Lease liabilities 1,437,055 1,237,165 1,632,192    
Total current liabilities 2,899,412 3,294,245 4,346,099    
Long-term liabilities:          
Other payables 98,875 94,810 125,083    
Lease liabilities 2,176,061 2,129,237 2,809,102    
Total long-term liabilities 2,274,936 2,224,047 2,934,185    
TOTAL LIABILITIES 5,174,348 5,518,292 7,280,284    
Commitments and contingencies  
Shareholders’ equity          
Ordinary share, $0.0001 par value, 100,000,000 shares authorized, 13,250,000 and 14,687,500 shares issued and outstanding as of December 31, 2023* and 2024 1,469 1,325 1,747    
Additional paid-in capital 32,250,867 28,696,900 38,798,253    
Accumulated other comprehensive loss (3,444,552) (3,401,649) (4,666,758)    
Accumulated losses (25,363,872) (23,697,677) (32,027,666)    
Total shareholders’ equity 3,443,912 1,598,899 2,105,576 $ 1,332,932 $ 490,679
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 8,618,260 7,117,191 9,385,860    
Related Party [Member]          
Current assets:          
Amount due from related parties 2,900 383,321 505,716    
Former Shareholder [Member]          
Current assets:          
Amount due from related parties $ 553,551 $ 730,300    
[1] The shares amounts are presented on a retroactive basis.