v3.26.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
SGD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss $ (13,570,000) $ (17,449,000) $ (18,675,000) $ (12,869,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Amortization 408,000 524,000 484,000 340,000
Depreciation 69,000 89,000 75,000 62,000
Gain on disposal of property and equipment [1]
Interest expense 4,000 5,000 62,000 355,000
Amortization of debt issuance cost 15,000 91,000
Impairment of goodwill 664,000
Share-based payment expenses 8,631,000 11,099,000 10,347,000 6,959,000
Net effect of exchange rates changes (192,000) (246,000) 363,000 5,000
Income tax benefit (25,000) (32,000)
Change in operating assets and liabilities, net of impact of business acquisitions and disposals:        
Accounts receivable (16,000) (21,000) 19,000 52,000
Deposits, prepaid expenses and other current assets (14,504,000) (18,651,000) (1,999,000) 107,000
Accounts payable 680,000 874,000 (1,378,000) 1,895,000
Accrued expenses and other current liabilities 276,000 355,000 (961,000) 727,000
Payment of lease liabilities (62,000) (80,000) (85,000)
Net cash used in operating activities (18,301,000) (23,533,000) (11,733,000) (1,612,000)
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of property and equipment (3,000) (4,000) (28,000) (3,000)
Additions in intangible assets (465,000) (598,000) (552,000) (482,000)
Cash acquired from acquisition of subsidiaries 63,000
Disbursement of cash for subscription of convertible note (6,257,000) (8,046,000)
Advances to unrelated company (1,009,000) (1,297,000)
Net cash used in investing activities (7,734,000) (9,945,000) (580,000) (422,000)
CASH FLOWS FROM FINANCING ACTIVITIES        
Issuance of shares 25,632,000 32,960,000 20,960,000
Proceeds from issuance of shares to non-controlling interests 1,000 1,000
Proceeds from note from a shareholder 950,000 2,850,000
Repayments of convertible loans (1,910,000)
Repayments of shareholder loans (3,800,000) (50,000)
Interest paid (62,000)
Deferred IPO costs (2,079,000)
Net cash provided by financial activities 25,633,000 32,961,000 16,138,000 721,000
Net change in cash and cash equivalents (402,000) (517,000) 3,825,000 (1,313,000)
Beginning of the year 4,292,000 5,519,000 1,694,000 3,007,000
End of the year 3,890,000 5,002,000 5,519,000 1,694,000
Supplemental disclosure of cash flow information        
Cash paid for interest 62,000 355,000
Non-cash financing activities        
Non-cash transactions from acquisition of subsidiaries 600,000
Non-cash transactions from acquisition of joint ventures (1,452,000) (1,867,000)
Issuance of shares by way of conversion of convertible loan from third parties 372,000 3,481,000
Issuance and accrual of shares by way of share-based compensation $ 8,631,000 $ 11,099,000 $ 10,347,000 $ 6,959,000
[1] Amount less than 1,000