Company: NIVFW
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038045
Chunk: 200

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-01
Form: F-1/A
Chunk 200
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 as of December 31, 2024 have been settled, and convertible bonds comprising the Initial Note, the First Mandatory Additional Note, and the Second Mandatory Additional Note, have been converted into shares in the Company. A further $ 2,000,000of the Third Mandatory Additional Note was issued subsequent to year end and remains outstanding. Moreover, the Company has access to an equity line of credit facility of up to $ 100,000,000from White Lion Capital, of which approximately $ 7.1million has been drawn and become equity to date. As of this report date, the Company holds $ 2.48m cash in bank and a cash deposit of $ 1m with a trading platform company. The Company can make no assurance that required financings will be available for the amounts needed, or on terms commercially acceptable to the Company, if at all. If one or all of these events does not occur or subsequent capital raises are insufficient to bridge financial and liquidity shortfall, there would likely be a material adverse effect on the Company and its financial statements. The consolidated financial statements do 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-18

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 |     |   |  202