v3.26.1
Consolidated Balance Sheets
$ in Thousands, $ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2025
SGD ($)
Dec. 31, 2024
SGD ($)
Current assets      
Cash and cash equivalents $ 3,890 $ 5,002 $ 5,519
Accounts receivable, net 26 33 11
Deposits, prepaid expenses and other current assets 23,837 30,652 2,658
Total current assets 27,753 35,687 8,188
Non-current assets      
Property and equipment, net 54 70 155
Intangible assets, net 634 815 741
Investment in joint ventures 1,360 1,749
Total non-current assets 2,048 2,634 896
TOTAL ASSETS 29,801 38,321 9,084
Current liabilities      
Accounts payable 3,851 4,951 4,075
Accrued expenses and other current liabilities 1,034 1,329 974
Operating lease obligations 46 59 76
Total current liabilities 4,931 6,339 5,125
Non-current liabilities      
Operating lease obligation 59
Deferred tax liabilities 32
Total non-current liabilities 91
TOTAL LIABILITIES 4,931 6,339 5,216
Commitment and Contingencies  
SHAREHOLDERS’ EQUITY      
Ordinary shares, US$0.0002 of nominal or par value, 175,000,000 Class A shares and 75,000,000 Class B shares authorized, 12,571,044 Class A shares as of December 31, 2023 (2022: 8,159,166) and 3,542,400 Class B shares issued and outstanding for both periods 25 32 7
Additional paid-in capital 73,313 94,273 48,397
Accumulated deficit (48,402) (62,238) (44,543)
Foreign currency translation reserve (177) (228) 111
Deficit attributable to owners of the Company 24,759 31,839 3,972
Non-controlling interests 111 143 (104)
Total shareholders' deficit 24,870 31,982 3,868
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 29,801 $ 38,321 $ 9,084