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Condensed Consolidated Statement of Cash Flows
6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2024
SGD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2023
SGD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
SGD ($)
Jun. 30, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
SGD ($)
Cash flows from operating activities:                      
Net income $ 18,252 $ 24,664 $ (396,075) $ (535,235) $ 3,467 $ 4,685 $ 50,784 $ 68,627      
Adjustments to reconcile net income to net cash used in operating activities:                      
Provision for credit losses   388,254 295,466 399,278   17,272      
Depreciation of property and equipment 61,564 83,195   81,157 119,666 161,711   146,709      
Deferred tax expense (11,969) (16,174)   (3,872) 3,378 4,565   1,077      
Deferred offering costs charged to expense   276,161              
Amortization of right-of-use assets and interest of lease liabilities 266,400 360,000                
Changes in operating assets and liabilities:                      
Accounts receivable 1,486,531 2,008,826   1,698,745 (85,608) (115,685)   1,276,371      
Account receivables-related parties   (8,180)   (20,368)      
Contract assets (144,828) (195,714)   (49,221) 1,122,616 1,517,048   (435,598)      
Other receivables - related parties   (4,842)              
Prepayments and other current assets 14,935 20,183   (30,577) (2,258) (3,052)   (60,274)      
Accounts payable (706,728) (955,038)   (285,651) 295,880 399,838   802,001      
Contract liabilities (65,910) (89,068)   730,331 782,643 1,057,625   (378,771)      
Taxes payable (132,114) (178,533)   (94,217) 81,909 110,688   (327,563)      
Accrued expenses and other current liabilities 187,770 253,743   (202,843) 71,890 97,149   (1,524,719)      
Net cash (used in) provided by operating activities 707,503 956,084   1,960,010 2,689,049 3,633,850   (435,236)      
Cash flows from investing activities:                      
Purchase of property, plant & equipment (51,927) (70,172)   (3,257) (2,410) (3,257)   (102,241)      
Loan to related parties   (1,000,000) (836,200) (1,130,000)        
Collection from loans to related parties 159,221 215,164   656,532 887,206        
Net cash used in investing activities 107,294 144,992   (1,003,257) (182,078) (246,051)   (102,241)      
Cash flows from financing activities:                      
Proceeds from bank borrowings 356,400 481,622   678,658 1,116,051 1,508,177   1,139,435      
Repayment of bank borrowings (946,139) (1,278,566)   (1,060,534) (1,490,541) (2,014,245)   (2,558,768)      
Payment of financing lease liabilities (6,172) (8,340)   (8,340) (12,343) (16,680)   (17,081)      
Proceeds from borrowings from related party 98,537 133,158   300,000 230,148 311,011   278      
Repayment of borrowings from related party (14,813) (20,018)   (68,916) (279,756) (378,049)   (383,588)      
Capital contribution           1,200,000      
Deferred offering cost (212,347) (286,955)   (248,916) (226,049) (305,471)   (522,987)      
Net cash used in financing activities (724,534) (979,099)   (408,048) (662,490) (895,257)   (1,142,711)      
Net (decrease) increase in cash and restricted cash 90,263 121,977   548,705 1,844,481 2,492,542   (1,680,188)      
Cash and restricted cash, beginning of year 3,316,946 4,482,359 $ 1,472,465 1,989,817 1,472,465 1,989,817   3,670,005      
Cash and restricted cash, end of year 3,407,209 4,604,336   2,538,522 3,316,946 4,482,359 1,472,465 1,989,817      
Supplemental disclosure information:                      
Cash paid for income tax 69,447 93,848   59,717 19,618 26,511   361,788      
Cash paid for interest 31,494 42,559   39,458 55,688 $ 75,254   $ 81,333      
Supplemental non-cash transactions:                      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 1,041,272 1,407,124                
Cash 3,407,209     2,438,522 3,316,946       $ 4,604,336 $ 4,482,359 $ 1,889,817
Restricted Cash     100,000       100,000
Total cash and restricted cash shown in the consolidated statements of cash flows 3,407,209     2,538,522 $ 3,316,946   $ 1,472,465   $ 4,604,336 $ 4,482,359 $ 1,989,817
Related Party [Member]                      
Changes in operating assets and liabilities:                      
Operating lease liabilities $ (266,400) $ (360,000)