Company: NIVFW
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087717
Chunk: 201

Company: NewGenIvf Group Ltd
Filing Date: 2025-09-15
Form: F-1
Chunk 201
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 not reflect adjustments that would be necessary if the going concern basis was not appropriate. If the going concern basis was not appropriate for these consolidated financial statements, then adjustments would be necessary in the carrying value of the assets and liabilities, the reported revenues and expenses, and the balance sheet classifications used. These adjustments could be material.

NOTE 4 — ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

|                                          |     | December 31, |   2024 |   |     |   |  2023 |   |
|:-----------------------------------------|:----|:-------------|-------:|:--|:----|:--|------:|:--|
| Accounts receivable                      |     | $            | 49,264 |   |     | $ | 9,393 |   |
| Less: allowance for expected credit loss |     |              |    (19 | ) |     |   |   (19 | ) |
|                                          |     | $            | 49,245 |   |     | $ | 9,374 |   |

F-19

As of the end of each of
the financial year, the aging analysis of accounts receivable, net of allowance for expected credit loss, based on the invoice date is
as follows:

|                |     | December 31, |   2024 |     |   |  2023 |
|:---------------|:----|:-------------|-------:|:----|:--|------:|
| Within 90 days |     | $            | 49,245 |     | $ | 9,374 |
|                |     | $            | 49,245 |     | $ | 9,374 |

The movement of allowances for expected credit
loss is as follow:

|                                    |     | December 31, 
 2024         |     |   |     | 2023 |     |   |
|:-----------------------------------|:----|:-------------|:----|:--|:----|:-----|----:|:--|
| Balance at beginning of the year   |     | $            | (19 | ) |     | $    | (26 | ) |
| Reversal of expected credit losses |     |              | -   |   |     |      |   7 |   |
| Ending balance                     |     | $            | (19 | ) |     | $    | (19