v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 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 income $ (1,063) $ (1,365) $ 172 $ 1,118
Depreciation and amortization 78 101 84 31
Interest expense 14 18 22 22
Interest on lease liability 1 1 3
Interest income (3) (4) (6) (3)
Change in working capital:        
Accounts receivable 1 (1)
Deposits, prepayments and other receivables 951 1,304 (85) (127)
Accounts payable and accrued liabilities 466 555 77 203
Income tax payable 3 4 (186) 53
Net cash provided by (used in) operating activities 447 614 82 1,296
Cash flows from investing activities:        
Deposits, prepayments and other receivables 3 4 6 3
Purchase of property and equipment (1) (1) (33) (611)
Purchase of intangible asset (24) (31) (59)
Net cash provided by (used in) investing activities (22) (28) (86) (608)
Cash flows from financing activities:        
Proceeds of bank borrowings 420
Dividends paid (300)
Repayment of Director's loan (1,278) (1,641) (125) (670)
Proceeds from borrowings from director 568 730 1,254
Payment of transaction cost in connection to the issuance of shares (1,154)
Repayment of bank borrowings (27) (62) (112) (105)
Interest paid (14) (18) (22) (22)
Principal payment of lease liabilities (27) (37) (35)
Payment of interest on lease liabilities (1) (1) (3)
Proceeds from issuance of shares 1,656 2,126
Net cash used in financing activities 877 1,097 (497) (377)
Effect of Exchange Rate Changes on Cash (17) (7)
Net change in cash and cash equivalents 1,302 1,683 (501) 311
BEGINNING OF YEAR 230 314 815 504
END OF YEAR 1,549 1,990 314 815
Supplemental Cash Flow Information:        
Cash paid for income tax (185) (65)
Cash paid for interest (15) (19) (25) (22)
Supplemental Disclosure of Non-Cash Financing Activities:        
Payment of dividends (1,236)
Repayment of amount due from director $ 1,236