Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 127

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 127
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GenIvf’s operating
expenses were $3,554,180 and $926,618 for the six months period ended June 30, 2025 and the six months period ended June 30, 2024, respectively.

NewGenIvf’s operating
expenses increased by approximately 82.2% from US$1,639,543 in 2023 to US$2,987,389 in 2024, primarily attributable to (i) professional
fees of US$769,820 incurred in 2024 being related to business combination with ACSA and the convertible note financing; (ii) license
fee of US$123,000 in 2024 related to the use of MicroSort technology; and (iii) staff and director salary and personnel cost of US$888,861
in 2024 due to enlargement of sales force and administrative staff to implement our business expansion pan.

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Other income

NewGenIvf’s other income
increased from a net other expense of $100,095 to a net income of $3,938,408 from the six months period ended June 30, 2024 to the six
months period ended June 30, 2025.

NewGenIvf’s other income
increased from US$111,837 in 2023 to US$971,391 in 2024, primarily attributable to a partial waiver of promissory note and legal fee
payable.

Interest expense

NewGenIvf’s interest
expense increased by approximately 0.04%, from US$120,162 in the six months period ended June 30, 2024 to US$125,489 in the six months
period ended June 30, 2025.

NewGenIvf’s interest
expense increased from US$46,179 in 2023 to US$778,656 in 2024 as a result of more interest expenses on convertible note issuance in
2024.

Tax income (expense)

NewGenIvf made no provision
for income taxes in 2024 and 2023. Thailand’s taxable income in 2024, if any, would be offset by the tax loss carryforward from
previous years. With the disposition of First Fertility Bishkek LLC in 2024, income tax liabilities, if any, in Kyrgyzstan would be borne
by the new shareholder of First Fertility Bishkek LLC. There was no assessable income