Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 210

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 210
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IVABLE, 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 |   |

<div align='center'>F-19</div>

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 | ) |

NOTE 5 — INVENTORIES

Inventories consist of the following:

|                                                                          |     | December 31, |   2024 |     |   |    2023 |
|:-------------------------------------------------------------------------|:----|:-------------|-------:|:----|:--|--------: