Company: NIVFW
Filing Date: 2025-10-31
Form Type: 424B3
Source: 0001213900-25-104469
Chunk: 194

Company: NewGenIvf Group Ltd
Filing Date: 2025-10-31
Form: 424B3
Chunk 194
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, and for the years then ended.

Correction of errors in the classification of subscription receivable

The Company had previously
erroneously presented subscription receivable as an asset; that classification was incorrect. According to Article 5-02.29 of Regulation
S-X, subscription receivable should be presented as a deduction from equity rather than an asset. The Company has reassessed the classification
of subscription receivable and has determined that it should be deducted from equity.

Recognition of directors’ remuneration for principal shareholders

The Company has previously
recorded no directors’ remuneration to Mr. Siu Wing Fung, Alfred and Ms. Fong Hei Yue, Tina, who are concurrently directors
and principal shareholders of the Company. The absent of cost recognition was incorrect. According to SAB Topics 1:B and 5.T., principal
shareholders not receiving compensation for their time and effort serving as directors are making a capital contribution to the Company.
The Company has reassessed the fair value of services rendered by these directors and has determined that it should be recorded as an
operating expense and additional paid-in capital.

Emphasis of Matter — Going Concern

The accompanying financial
statements have been prepared assuming that the Company will continue as a going concern. As of December 31, 2021, the Company had
a working capital deficit and shareholders’ deficit, accordingly, these factors gave rise to substantial doubt that the Company
would continue as a going concern. As of December 31, 2022, the Company had an improvement in its capital position where the Company
had net positive shareholders’ equity position, but the Company still had a working capital deficit; accordingly, the Company had
not alleviated the substantial doubt that it would continue as a going concern. Management closely monitors the Company’s financial
position and result of operations and has prepared a plan that includes raising additional capital and implementing improvements to increase
profitability to address this substantial doubt. Details of this plan are also found in Note 1. These financial statements do not include
any adjustments that might result from the outcome of this uncertainly.

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Basis for Opinion

These consolidated financial
statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting
Oversight Board (United States) (PCAOB) and are required