| Segmental reporting |
We
realize revenue primarily through the sale of package software solutions and no-code platform and mobile applications and related service
provided. The Company managed and reviewed its business through two2 operating and reporting segments based on the products/service offered
in accordance with ASC 280.
| 12 |
Segmental
reporting (continued) |
The
following tables present summary information by segment for the years ended December 31,2024 and 2025, respectively:
Schedule
of segment reporting information
| | |
| | | |
| | | |
| | | |
| | |
| | |
Year
Ended December 31, 2024 | |
| | |
Packaged
software solutions | | |
No-code
platform and mobile application | | |
Corporate
Governance | | |
Total | |
| | |
S$ | | |
S$ | | |
S$ | | |
S$ | |
| Revenue | |
| 3,267,891 | | |
| 774,883 | | |
| - | | |
| 4,042,774 | |
| Cost of revenue | |
| (2,655,675 | ) | |
| (333,549 | ) | |
| - | | |
| (2,989,224 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Gross
profits | |
| 612,216 | | |
| 441,334 | | |
| - | | |
| 1,053,550 | |
| | |
| | | |
| | | |
| | | |
| | |
| Loss from
operation | |
| (1,431,609 | ) | |
| (1,097,510 | ) | |
| (6,157,821 | ) | |
| (8,686,940 | |
| Other
income | |
| 79,214 | | |
| 34,940 | | |
| 94,491 | | |
| 208,645 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| | |
| | | |
| | | |
| | | |
| | |
| Income
tax expense | |
| (161,000 | ) | |
| (8,304 | ) | |
| - | | |
| (169,304 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net
loss | |
| (1,513,395 | ) | |
| (1,070,874 | ) | |
| (6,063,330 | ) | |
| (8,647,599 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total
reportable assets | |
| 951,369 | | |
| 3,010,728 | | |
| 12,056,517 | | |
| 16,018,614 | |
| | |
Year
Ended December 31, 2025 | |
| | |
Packaged
software solutions | | |
No-Code
platform and mobile application | | |
Corporate
Governance | | |
Total | | |
Packaged
software solutions | | |
No-Code
platform and mobile application | | |
Corporate
Governance | | |
Total | |
| | |
S$ | | |
S$ | | |
S$ | | |
S$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| Revenue | |
| 3,714,411 | | |
| 1,968,428 | | |
| - | | |
| 5,682,839 | | |
| 2,888,570 | | |
| 1,530,778 | | |
| - | | |
| 4,419,348 | |
| Cost
of revenue | |
| (1,785,650 | ) | |
| (1,386,538 | ) | |
| - | | |
| (3,172,188 | ) | |
| (1,388,638 | ) | |
| (1,078,263 | ) | |
| - | | |
| (2,466,901 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Gross
profits | |
| 1,928,761 | | |
| 581,890 | | |
| - | | |
| 2,510,651 | | |
| 1,499,932 | | |
| 452,515 | | |
| - | | |
| 1,952,447 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Loss from
operation | |
| (2,035,462 | ) | |
| (773,579 | ) | |
| (4,660,526 | ) | |
| (7,469,567 | ) | |
| (1,582,908 | ) | |
| (601,586 | ) | |
| (3,624,330 | ) | |
| (5,808,824 | ) |
| Other
income (expenses) | |
| (767 | ) | |
| 2,896,534 | | |
| 219,466 | | |
| 3,115,233 | | |
| (596 | ) | |
| 2,252,534 | | |
| 170,671 | | |
| 2,422,609 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Income
(loss) before tax expense | |
| ) | |
| 2,122,955 | | |
| ) | |
| ) | |
| ) | |
| 1,650,948 | | |
| ) | |
| ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Income
tax expense | |
| (17,895 | ) | |
| (99,005 | ) | |
| - | | |
| (116,900 | ) | |
| (13,916 | ) | |
| (76,993 | ) | |
| - | | |
| (90,909 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net
loss | |
| (2,054,124 | ) | |
| 2,023,950 | | |
| (4,441,060 | ) | |
| (4,471,234 | ) | |
| (1,597,420 | ) | |
| 1,573,955 | | |
| (3,453,659 | ) | |
| (3,477,124 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total
reportable assets | |
| 4,178,389 | | |
| 6,494,333 | | |
| 1,177,557 | | |
| 11,850,279 | | |
| 3,249,389 | | |
| 5,050,418 | | |
| 915,745 | | |
| 9,215,552 | |
The
Company sells to one geographical location which is Singapore.
|