Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 208

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 208
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 |              |         |   |     |              |   |
| – Net operating      
 loss carry forward   |     |              |  28,441 |   |     |              | — |
| Less: valuation      
 allowance            |     |              | (28,441 | ) |     |              | — |
| Deferred             
 tax assets, net      |     |              |       — |   |     |              | — |

As of December 31, 2023 and 2022, the Company had net operating loss carry forward of $ 164,721and $ 297,207. The Company believes it is less likely than not that its operations will be able to fully utilize its deferred tax assets related to the net operating loss carry forward. As a result, the Company provided 100% allowance on deferred tax assets on net operating loss.

NOTE 13 — DISAGGREGATED REVENUES

The Company’s main business operations are to provide: (i) IVF treatment service; and (ii) surrogacy and ancillary caring services.

|                                     | Revenue from external 
 customers             | For            
 the year ended 
 December 31,   |      2023 |     |   |      2022 |     |   |      2021 |
|:------------------------------------|:----------------------|:---------------|----------:|:----|:--|----------:|:----|:--|----------:|
| IVF treatment service               |                       | $              | 4,021,696 |     | $ | 2,819,163 |     | $ | 3,199,683 |
| Surrogacy,                          
 ancillary caring and other services |                       |                | 1,114,457 |     |   | 3,125,027 |     |   |   918,437 |
| Total revenues                      |                       | $              | 5,136,153 |     | $ | 5,944,190 |     | $ | 4,118,120 |

F-29 NEWGENIVF LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(Stated in US Dollars) NOTE 13 — DISAGGREGATED REVENUES (cont.)

Geographical information

|                | Revenue from external     
 customers originated from | December 31, |