Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 171

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 171
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  Current                                                                                                  
  Other receivables                                  $                   121,533      $            15,910  
  Deposits                                                                73,917                  123,008  
  Deferred initial public offering “ IPO” cost                                 -                  373,677  
  Less: allowance for expected credit loss                                   ( 4                     ( 14  
                                                     $                   195,446      $           512,581  
  Deposit with a digital asset trading platform      $                 1,000,000      $                 -  
  Receivable from agents                             $                 1,191,795      $                 -  
  Prepayments                                        $                   197,706      $         1,262,228  
  Non-current                                                                                              
  Prepayment                                         $                    33,333      $         1,582,156  
                                                     $                    33,333      $         1,582,156  

Included in prepayment is
an amount of $22,000and $2,839,536as of December 31, 2024 and 2023 respectively, being
share-based compensation cost paid to consultants for services ranging from three toten yearsand with termination clauses ofonetothree
yearsrespectively without any penalties. During the year, the scope of service was amended and accordingly the excess compensation
was reversed against Additional Paid in Capital and the remaining value of service is recognized over the period of service in the Statement
of Income.

F-19

The movement of allowances for expected credit
loss is as follow:

                                         December 31,                                 
                                         2024                        2023             
  Balance at beginning of the year       $                 ( 14      $         ( 141  
 ──────────────────────────────────────────────────────────────────────────────────────
  Reversal of provision (Provision)                          10                  127  
  Ending balance                         $                  ( 4      $          ( 14  

NOTE 7 - PROPERTY AND EQUIPMENT, NET

Plant and equipment, net consist of the following:

                                      December 31,                                              
                                      2024                               2023                   
 ────────────────────────────────────────────────────────────────────────────────────────────────
  At cost:                                                                                      
  Building improvement                $                     196,929      $              92,438  
  Furniture and fixtures                                     25,390                    250,493  
  Medical