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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases  
Schedule of non-cancellable operating lease contracts

As of December 31, 2024, the Company had the following non-cancellable operating lease contracts:

 

Description of lease   Lease term
Office premise – Block 1090   3 years
Office premise – Block 1092   3 years
Schedule of amount recognized in the consolidated balance sheets

  (a) 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 
Schedule of lease cost

(b) A summary of lease cost recognized in the Group’s consolidated statements of operations is as follows:

 

           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      -    -    - 
Schedule of supplemental cash flow information related to leases

  (c) Supplemental cash flow information related to leases is as follows:

 

           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      -    -    - 
Schedule of future minimum lease payments under non-cancellable operating lease agreements

Future minimum lease payments under non-cancellable operating lease agreements as of December 31, 2024 were as follows:

 

   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   -    - 
Schedule of other supplemental information about lease

The following summarizes other supplemental information about the Company’s lease as of December 31:

 

   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