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Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
6 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2024
SGD ($)
$ / shares
shares
Jun. 30, 2023
SGD ($)
$ / shares
shares
Operating revenues      
Total operating revenues $ 3,298,472 $ 4,470,089 $ 2,167,021
Cost of revenues      
Total cost of revenues (2,066,072) (2,799,940) (1,363,376)
Gross profit 1,232,400 1,670,149 803,645
Operating expenses      
Technology and development expenses (582,174) (788,962) (1,096,651)
Selling and marketing expenses (729,687) (988,872) (848,504)
General and administrative expenses (1,272,752) (1,724,834) (881,313)
Professional Fees related to Listing and Acquisitions (338,614) (458,890) (421,677)
Depreciation and Amortization (322,673) (437,287) (182,531)
Total operating expenses (3,245,900) (4,398,845) (3,430,676)
Loss from operations (2,013,500) (2,728,696) (2,627,031)
Other income (expense):      
Stock-based compensation
Interest income 100,855 136,679 24,454
Interest expense (10,998) (14,904) (16,721)
Government grants 33,514 45,418 8,399
Foreign exchange, net 196,736 266,616 114,013
Other income, net 11,439 15,502
Total other income, net 331,546 449,311 130,145
LOSS BEFORE INCOME TAXES (1,681,954) (2,279,385) (2,496,886)
Income tax expense
NET LOSS (1,681,954) (2,279,385) (2,496,886)
Less: Net loss attributable to non-controlling interest (1,022) (1,385) (22,030)
Net loss attributable to OHMYHOMELTD (1,680,932) (2,278,000) (2,474,856)
OTHER COMPREHENSIVE LOSS      
Foreign currency translation adjustment (46,560) (63,098) 32,408
TOTAL COMPREHENSIVE LOSS (1,728,514) (2,342,483) (2,464,478)
Less: Comprehensive loss attributable to non-controlling interests (1,022) (1,385) (22,030)
COMPREHENSIVE LOSS ATTRIBUTABLE TO OHMYHOME LIMITED $ (1,727,492) $ (2,341,098) $ (2,442,448)
Weighted average number of ordinary shares:      
Basic 21,864,942 21,864,942 19,050,000
Diluted 23,262,574 23,262,574 19,050,000
LOSS PER SHARE – BASIC AND DILUTED      
Basic | (per share) $ (0.07) $ (0.11) $ (0.13)
Diluted | (per share) $ (0.07) $ (0.10) $ (0.13)
Independent Third Parties [Member]      
Operating revenues      
Total operating revenues $ 3,293,218 $ 4,462,969  
Related Parties [Member]      
Operating revenues      
Total operating revenues 5,254 7,120  
Brokerage Services [Member]      
Operating revenues      
Total operating revenues 1,131,415 1,533,293 $ 1,345,726
Cost of revenues      
Total cost of revenues (579,975) (785,983) (732,930)
Gross profit 551,440 747,310 612,796
Brokerage Services [Member] | Independent Third Parties [Member]      
Operating revenues      
Total operating revenues 1,129,865 1,531,193 1,334,438
Brokerage Services [Member] | Related Parties [Member]      
Operating revenues      
Total operating revenues 1,550 2,100 11,288
Property Management [Member]      
Operating revenues      
Total operating revenues 1,463,661 1,983,553
Cost of revenues      
Total cost of revenues (978,059) (1,325,466)
Gross profit 485,602 658,087
Property Management [Member] | Independent Third Parties [Member]      
Operating revenues      
Total operating revenues 1,463,661 1,983,553
Property Management [Member] | Related Parties [Member]      
Operating revenues      
Total operating revenues
Emerging and Other Services [Member]      
Operating revenues      
Total operating revenues 703,396 953,243 821,295
Cost of revenues      
Total cost of revenues (508,038) (688,491) (630,446)
Gross profit 195,358 264,752 190,849
Emerging and Other Services [Member] | Independent Third Parties [Member]      
Operating revenues      
Total operating revenues 699,692 948,223 310,255
Emerging and Other Services [Member] | Related Parties [Member]      
Operating revenues      
Total operating revenues $ 3,704 $ 5,020 $ 511,040