XML 44 R35.htm IDEA: XBRL DOCUMENT
v3.24.3

Stock-based compensation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of fair value of options granted | The fair value of options granted was determined using the following weighted-average assumptions as of grant date. Schedule of fair value of options granted
|  | 2023 |
Risk-free interest rate |  |  | 3.93 | %
Illiquidity Discount |  |  | 30 | %
Expected stock price volatility |  |  | 62.3 | %
Dividend yield |  |  | - | %
Schedule of activity in 2023 equity incentive plan | A summary of the activity in the 2023 Equity Incentive Plan follows: Schedule of activity in 2023 equity incentive plan
|  | Options Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remining Contractual Term (Year) |  |  | Aggregate Intrinsic Value |
|  |  |  |  | USD |  |  |  |  |  | USD |
Outstanding at beginning of year |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Granted |  |  | 1,025,527 |  |  |  | 1.67 |  |  |  | 9.3 |  |  |  | 429,388 |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited or expired |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |
Outstanding at end of year |  |  | 1,025,527 |  |  |  | 1.67 |  |  |  | 9.3 |  |  |  | 429,388 |
Fully vested and expected to vest |  |  | 945,541 |  |  |  | 1.60 |  |  |  | 9.4 |  |  |  |  |
Exercisable at end of year of 2023 |  |  | 945,541 |  |  |  | 9.4 |  |  |  | 9.4 |  |  |  | 407,607 |
Schedule of information related to the stock option plan | Information related to the stock option plan during each year follows: Schedule of information related to the stock option plan
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Intrinsic value of options exercised |  |  |  |  |  |  | - |  |  |  | - |
Cash received from option exercises |  |  |  |  |  |  | - |  |  |  | - |
Tax benefit from option exercises |  |  |  |  |  |  | - |  |  |  | - |
Weighted average fair value of options granted |  |  |  |  |  |  | 566,492 |  |  |  | 429,388 |

X
- Definition Tabular disclosure of cash received from exercise of stock options and similar instruments granted under share-based payment arrangements and tax benefit from exercise of stock options. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2A + Details
Name: | us-gaap_CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration