Company: NIVFW
Filing Date: 2025-10-10
Form Type: F-1/A
Source: 0001213900-25-098135
Chunk: 249

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-10
Form: F-1/A
Chunk 249
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 and impacts both corporate treasuries and investment firms holding cryptocurrencies. This change aligns GAAP closer to fair value accounting seen in other investment holdings, addressing criticisms of the old impairment approach.

Save for elsewhere disclosed, the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheet, statement of operations and comprehensive income (loss) and statement of cash flows.

F-50

NOTE 3 — ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

|                                          |     |   |     June 
 30, 2025 |   |     |   | December 
 31, 2024 |   |
|:-----------------------------------------|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Accounts receivable                      |     | $ |   63,586 |   |     | $ |   49,264 |   |
| Less: allowance for expected credit loss |     |   |      (19 | ) |     |   |      (19 | ) |
|                                          |     | $ |   63,567 |   |     | $ |   49,245 |   |

As of the end of each of the financial year, the aging analysis of accounts receivable, net of allowance for expected credit loss, based on the invoice date is as follows:

|                |     |   |     June 
 30, 2025 |     |   | December 
 31, 2024 |
|:---------------|:----|:--|---------:|:----|:--|---------:|
| Within 90 days |     | $ |   63,567 |     | $ |   49,245 |
|                |     | $ |   63,567 |     | $ |   49,245 |

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

|                                    |     | June     
 30, 2025 |     |   |     | December 
 31, 2024 |     |   |
|:-----------------------------------|:----|:---------|:----|:--|:----|:---------|:----|:--|
| Balance at beginning of the year   |     | $        | (19 | ) |     | $        | (19 | ) |
| Reversal of expected credit