v3.26.1
Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands, $ in Thousands
Common Stock [Member]
USD ($)
shares
Common Stock [Member]
SGD ($)
shares
Additional Paid-in Capital [Member]
USD ($)
Additional Paid-in Capital [Member]
SGD ($)
Retained Earnings [Member]
USD ($)
Retained Earnings [Member]
SGD ($)
Forex Reserve [Member]
USD ($)
Forex Reserve [Member]
SGD ($)
USD ($)
SGD ($)
Balance at Dec. 31, 2022     $ 11   $ 250     $ 261
Balance, shares at Dec. 31, 2022 | shares [1]                
Dividends       (1,236)     (1,236)
Net income (loss) for the year       1,118     1,118
Balance at Dec. 31, 2023     11   132     143
Balance, shares at Dec. 31, 2023 | shares [1]                
Dividends       (300)     (300)
Net income (loss) for the year       172     172
Share issued during the year          
Balance, shares | shares [1] 33,334 33,334                
Balance at Dec. 31, 2024 8 11 3 4 11 15
Balance, shares at Dec. 31, 2024 | shares [1] 33,334 33,334                
Net income (loss) for the year (1,063) (1,365) (1,063) (1,365)
Share issued during the year 1,656 2,126 1,656 2,126
Balance, shares | shares [1] 4,444 4,444                
Foreign currency translation (6) (7) (6) (7)
Balance at Dec. 31, 2025 $ 1,664 $ 2,137 $ (1,060) $ (1,361) $ (6) $ (7) $ 598 $ 769
Balance, shares at Dec. 31, 2025 | shares [1] 37,778 37,778                
[1] Retrospectively presented for the effect of (i) the issuance of 1 ordinary share on February 15, 2024 in preparation of the Company’s initial public offering, (ii) the 1:200 share subdivision and 5,000,000 share surrender approved on October 2, 2024, (iii) the 15 for 1 reverse share split effected on February 12, 2026, and (iv) the 30 for 1 reverse share split effected on May 4, 2026.