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Interim Condensed Consolidated Statements of Cash Flows (Unaudited)
6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2024
SGD ($)
Jun. 30, 2023
SGD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net loss $ (1,681,954) $ (2,279,385) $ (2,496,886)   $ (5,516,224)
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock-based compensation $ 407,607 537,756
Depreciation of property and equipment 5,630 7,630 20,777   34,448
Amortization of operating lease right-of-use assets 121,057 164,057 161,754    
Amortization of intangible assets 195,986 265,600      
Provision for expected credit losses accounts 7,619    
Loss of disposal of property and equipment    
Interest Income (66,428) (90,023)    
Changes in assets and liabilities:          
Accounts receivable 15,240 20,653 19,773    
Prepayments (80,891) (109,624) (76,195)    
Other current assets, net 138,186 187,270 (7,979)    
Deposits 4,659 6,314 173    
Accounts payable (74,784) (101,347) 75,921    
Contract liabilities (9,876) (13,384) (150,834)    
Accrued liabilities and other payables (1,342) (1,819) 82,359    
Other taxes payable 55,249 74,874 (25,101)    
Operating lease obligation (121,001) (163,980) (157,781)    
NET CASH USED IN OPERATING ACTIVITIES (1,500,269) (2,033,164) (2,546,400)    
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of property and equipment (11,883) (16,104) (2,880)    
Purchases of intangible assets (117,592) (159,360)      
Deposit for an acquisition (345,421) (468,115) (284,550)    
NET CASH USED IN INVESTING ACTIVITIES (474,896) (643,579) (287,430)    
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from common share issued for cash 3,671 4,975 3,722    
Amounts repayment to a shareholder, net (2,290,044)    
Net proceeds from public offering 3,849,545 5,216,904 11,292,152    
Proceeds from long-term loans 315,242 427,216    
Repayment to directors (365,428) (495,228)    
Repayment of long-term loans (119,161) (161,487) (157,655)    
NET CASH PROVIDED BY FINANCING ACTIVITIES 3,683,869 4,992,380 8,848,175    
Foreign currency effect (46,559) (63,098) 32,408    
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,662,145 2,252,539 6,046,753    
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 141,534 191,807 301,433   301,433
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT PERIOD END 1,803,679 2,444,346 6,348,186 $ 141,534 $ 191,807
Cash paid for:          
Bank Loan and Operating Lease Interest $ 17,233 $ 14,904 $ 16,721