v3.26.1
Consolidated Balance Sheets
Dec. 31, 2025
USD ($)
Dec. 31, 2025
SGD ($)
Dec. 31, 2024
SGD ($)
Current assets      
Cash and cash equivalents $ 2,322,138 $ 2,986,037 $ 8,165,692
Accounts receivable, net 700,489 900,759 244,179
Contract assets, current 50,599 65,065 133,088
Advance to suppliers 548,424 705,219 4,536,184
Total current assets 3,828,806 4,923,462 13,232,721
Non-current assets      
Long-term investment 3,025,119 3,890,000 1,000,000
Intangible assets, net 1,108,802 1,425,809 1,753,805
Property and equipment, net 244,699 314,659 28,930
Right-of-use assets 1,008,126 1,296,349
Contract assets, non-current 3,158
Total non-current assets 5,386,746 6,926,817 2,785,893
TOTAL ASSETS 9,215,552 11,850,279 16,018,614
Current liabilities      
Accounts payable 183,921 236,504 299,543
Accruals and other payables 474,665 610,372 518,716
Contract liabilities 660,159 848,899 1,138,202
Bank loans, current 81,548 104,863 256,915
Operating lease liabilities, current 153,185 196,981
Total current liabilities 1,577,590 2,028,625 2,213,583
Non-current liabilities      
Contract liabilities, non-current 50,393 64,800 2,297
Bank loans, non-current 110,274 141,801 246,664
Operating lease liabilities, non-current 854,941 1,099,368
Total non-current liabilities 1,015,608 1,305,969 248,961
TOTAL LIABILITIES 2,593,198 3,334,594 2,462,544
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY      
Ordinary shares, US$0.004 par value, 1,000,000,000 shares authorized, 5,839,750 and 5,839,770 shares issued and outstanding as of December 31, 2024 and 2025, respectively [1] 24,374 31,343 31,343
Additional paid in capital 17,998,378 23,144,114 23,144,114
Accumulated losses (11,048,111) (14,206,766) (9,765,882)
Other reserves 12,961 16,667 16,667
Accumulated other comprehensive income (365,248) (469,673) 129,828
Total shareholders' equity 6,622,354 8,515,685 13,556,070
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 9,215,552 11,850,279 16,018,614
Nonrelated Party [Member]      
Current assets      
Other current assets 207,156 266,382 153,578
Directors [Member]      
Current liabilities      
Amount due to directors $ 24,112 $ 31,006 $ 207
[1] The share numbers and amounts are presented on a retrospective basis, see Note 9.