Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 160

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 160
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ivables and deferred Initial Public Offering (“ IPO”)
cost, net primarily include deposits paid to suppliers, prepaid expenses, the prepaid professional fee which meets the definition of deferred
IPO cost, and a cash deposit of US$1,000,000with OSL Group, a digital asset trading platform listed in Hong Kong Stock Exchange, for
the Company’s future digital asset diversification strategy.

Deferred IPO costs consist
of underwriting, legal, accounting and other expenses incurred through the balance sheet date that are directly related to the Initial
Public Offering and that were charged to additional paid-in capital upon the completion of the Initial Public Offering.

Legal and professional fees
incurred in connection with issuing convertible debt are deferred and amortized over the life of the debt. These costs are presented as
a direct deduction from the carrying amount of the debt liability on the balance sheet (per ASC 835-30).

Share based compensation

The Company accounts for stock-based compensation
in accordance with ASC Topic 718-10, Compensation-Stock Compensation, which requires the measurement and recognition of compensation
expense for all share-based payment arrangements related to the acquisition of goods and services from both nonemployees and employees
based on fair values of the shares to be issued estimated at grant date. The stock-based compensation expense recognized during the period
is based on the value of the portion of share-based payment awards that is ultimately expected to vest during the period.

F-12

Fair value is determined based on the estimated
market prices of the Company’s Common Stock at the respective issuance date in accordance with ASC 718, taking into consideration
the volatility of the market price of the shares, the terms of the instruments and the conditions upon which they were granted.

Property and equipment, net

Plant and equipment are stated
at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method.
The Company typically applies a salvage value of0%. The estimated useful lives of the plan and equipment are as follows:

  Furniture and fixtures      3 – 5 years                                 
  Leasehold improvements      the lesser of useful life or term of lease  
  Medical instruments         3 – 10 years                                
  Motor vehicle               3 – 5 years                                 
  Office equipment            3 – 5 years                                 

The cost and related accumulated
depreciation of assets sold or otherwise retired are eliminated from the accounts, and any gain or loss are included in the Company’s
results of operations. The costs of maintenance