| 3 |
Accounts
receivable, net |
Accounts
receivable, net consist of the following:
Schedule
of accounts receivable, net
| | |
2024 | | |
2025 | | |
2025 | |
| | |
As
of December, 31 | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| |
| Accounts
receivable | |
| 564,772 | | |
| 1,119,330 | | |
| 870,464 | |
| Less:
allowance for credit losses | |
| (320,593 | ) | |
| (218,571 | ) | |
| (169,975 | ) |
| Accounts receivable,
net | |
| 244,179 | | |
| 900,759 | | |
| 700,489 | |
| 3 |
Accounts
receivable, net (continued) |
Movements
of allowance for credit losses are as follows:
Schedule
of movements of allowance for credit losses
| | |
December
31, 2024 | | |
December
31, 2025 | | |
December
31, 2025 | |
| | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| |
| Allowance
for credit losses, beginning of the year | |
| 284,542 | | |
| 320,593 | | |
| 249,314 | |
| Addition | |
| 36,051 | | |
| - | | |
| - | |
| Reversal | |
| - | | |
| (102,022 | ) | |
| (79,339 | ) |
| Allowance
for credit losses, ending of the year | |
| 320,593 | | |
| 218,571 | | |
| 169,975 | |
|