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Income taxes (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of income taxes

The components of loss before income taxes were comprised of the following:

Schedule of income taxes 

		December 31, 2022				December 31,2023				June 30, 2024				June 30, 2024
		SGD				SGD				SGD				USD
Tax jurisdiction from:
Singapore			(2,959,534	)			(5,434,925	)			(2,268,804	)			(1,689,761	)
Malaysia			(114,507	)			(81,299	)			(10,581	)			(7,807	)
Loss before income taxes provision			(3,074,041	)			(5,516,224	)			(2,279,385	)			(1,681,954	)

Schedule of provision for income taxes

The provision for income taxes consisted of the following: 

Schedule of provision for income taxes 

		December 31, 2022				December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				SGD				USD
Deferred tax assets:
Singapore			503,121				924,114				385,697				287,259
Malaysia			19,466				13,644				1,799				1,327
Less: valuation allowance
Singapore			(503,121	)			(924,114	)			(385,697	)			(287,259	)
Malaysia			(19,466	)			(13,644	)			(1,799	)			(1,327	)
Deferred tax assets			-				-				-				-

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- References

No definition available.

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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