XML 23 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (1,147,199) $ (1,560,535) $ (1,119,555) $ (1,094,516)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 31,012 42,185 35,059 29,088
Loss on disposal of property and equipment 8,738
Current expected credit loss on account receivables 28,409 8,780
Write-off on inventories 4,363 5,935
Lease related expenses (1,553) (2,112) 106 (2,935)
Foreign exchange loss (gain) (1,280) (1,741) 2,484 1,050
Equity in net earnings of affiliates 38,176 51,931 33,788 7,345
Change in operating assets and liabilities:        
Account receivables 17,959 24,430 (37,511) (38,444)
Contract assets 2,488 192
Other current assets 7,821 10,639 (32,122) (103,297)
Inventories (1,164) (6,501)
Accounts payable (220)
Accruals and other payables 90,835 123,562 (45,863) (266,857)
Advance to related parties, net 51,257 69,725 238,900 (392,097)
Net cash used in operating activities (908,609) (1,235,981) (894,981) (1,849,674)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment (16,088) (21,884) (67,977) (16,049)
Investment at equity (15,235)
Net cash used in investing activities (16,088) (21,884) (67,977) (31,284)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayments of bank loans (17,329) (23,572) (20,574) (19,457)
Proceeds from bank loans 147,026 200,000
Payments of financing costs (311,539) (423,787) (647,796)
Advance from related parties, net 1,167,637 1,588,336 1,101,445 1,697,959
Net cash provided by financing activities 985,795 1,340,977 433,075 1,678,502
Net change in cash and cash equivalents 61,098 83,112 (529,883) (202,456)
Foreign currency translation (1,399) (1,903) 570 (261)
Cash and cash equivalents - beginning of year 25,923 35,263 564,576 767,293
Cash and cash equivalents - end of year 85,622 116,472 35,263 564,576
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:        
Cash paid for interest 162 221 727 2,017
Unpaid deferred offering costs $ 242,287