Company: NIVFW
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087717
Chunk: 182

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-15
Form: F-1
Chunk 182
---
 16,124 |   |
| Cash and cash equivalents, beginning of year                                             |     |              |     54,104 |   |     |        |     27,556 |   |     |        |     28,764 |   |
| Cash and cash equivalents, end of year                                                   |     | $            |    457,740 |   |     | $      |     54,104 |   |     |        |     27,556 |   |
| Supplementary cash flow information:                                                     |     |              |            |   |     |        |            |   |     |        |            |   |
| Taxes paid                                                                               |     | $            |          — |   |     | $      |          — |   |     |        |    (12,170 | ) |
| Interest paid                                                                            |     | $            |   (768,068 | ) |     | $      |    (24,704 | ) |     |        |    (55,469 | ) |

| ** | Re-presented as mentioned in Note 23 |

During the year ended December 31, 2024, no cash was exchanged in respect of these transactions:

| a. | $2,650,000 of convertible debt was converted into equity. |

| b. | Reversal arising from remeasurement of share-based compensation within prepayment amounting to $2,739,856. |

The accompanying notes are an integral part of these consolidated financial statements. F-8 NEWGENIVF GROUP LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
(Stated in US Dollars) NOTE 1 — ORGANIZATION AND PRINCIPAL ACTIVITIES Prior to the Business Combination, on April 29, 2021, A SPAC I Acquisition Corp. (“ASCA”), was incorporated as a British Virgin Islands business company, specifically a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more target businesses. The Business Combination On February 15, 2023, ASCA entered into the Merger Agreement (as amended on June 12, 2023 and December 6, 2023, the “Merger Agreement,” and the transactions contemplated thereunder, the “