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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

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- 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
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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

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-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

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