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Leases | 12 Months Ended
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Dec. 31, 2024
Leases |
Leases | 8 Leases The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which results in an economic penalty. The Company has two office premises operating lease agreements with lease terms of three years, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term of one year or less. As of December 31, 2024, the Company had the following non-cancellable operating lease contracts: Schedule of non-cancellable operating lease contracts
Description of lease |  | Lease term
Office premise – Block 1090 |  | 3 years
Office premise – Block 1092 |  | 3 years
(a) Amount recognized in the consolidated balance sheets: Schedule of amount recognized in the consolidated balance sheets
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | As of December 31, |
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | S$ |  |  | S$ |  |  | US$ |
Operating lease |  |  |  |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  |  | 72,286 |  |  |  | 30,940 |  |  |  | 22,745 |
Operating lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 43,458 |  |  |  | 35,812 |  |  |  | 26,327 |
Non-current |  |  | 35,812 |  |  |  | - |  |  |  | - |
Total operating lease liabilities |  |  | 79,270 |  |  |  | 35,812 |  |  |  | 26,327 |
(b) A summary of lease cost recognized in the Group’s consolidated statements of operations is as follows: Schedule of lease cost
|  |  |  |  |  | 2023 |  |  | 2024 |  |  | 2024 |
|  | Years Ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2024 |
|  | S$ |  |  | S$ |  |  | S$ |  |  | US$ |
Operating lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease expense |  |  | 32,043 |  |  |  | 46,402 |  |  |  | 44,185 |  |  |  | 32,482 |
Finance lease cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets |  |  | 4,560 |  |  |  | - |  |  |  | - |  |  |  | - |
Interest of lease liabilities |  |  | 175 |  |  |  | - |  |  |  | - |  |  |  | - |
CUPRINA HOLDINGS (CAYMAN) LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (c) Supplemental cash flow information related to leases is as follows: Schedule of supplemental cash flow information related to leases
|  |  |  |  |  | 2023 |  |  | 2024 |  |  | 2024 |
|  | Years Ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2024 |
|  | S$ |  |  | S$ |  |  | S$ |  |  | US$ |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash flows from operating leases |  |  | 32,043 |  |  |  | 46,402 |  |  |  | 44,185 |  |  |  | 32,482 |
Cash flows from finance lease |  |  | 6,376 |  |  |  | - |  |  |  | - |  |  |  | - |
Lease Commitment Future minimum lease payments under non-cancellable operating lease agreements as of December 31, 2024 were as follows: Schedule of future minimum lease payments under non-cancellable operating lease agreements
|  | Minimum lease payment |
|  | 2024 |  |  | 2024 |
Twelve months ending December 31, |  | S$ |  |  | US$ |
2025 |  |  | 36,421 |  |  |  | 26,775 |
Total future minimum lease payments |  |  | 36,421 |  |  |  | 26,775 |
Less imputed interest |  |  | (609 | ) |  |  | (448 | )
Present value of operating lease liabilities |  |  | 35,812 |  |  |  | 26,327 |
Less: current portion |  |  | (35,812 | ) |  |  | (26,327 | )
Long-term portion |  |  | - |  |  |  | - |
The following summarizes other supplemental information about the Company’s lease as of December 31: Schedule of other supplemental information about lease
|  | As of December 31, |
|  | 2023 |  |  | 2024 |
Weighted average discount rate |  |  |  |  |  |  |  |
Operating leases |  |  | 5.25 | % |  |  | 5.25 | %
Weighted average remaining lease term |  |  |  |  |  |  |  |
Operating leases |  |  | 1 year 9 months |  |  |  | 9 months |
CUPRINA HOLDINGS (CAYMAN) LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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