Company: NIVFW
Filing Date: 2025-06-03
Form Type: 424B3
Source: 0001213900-25-050825
Chunk: 212

Company: NewGenIvf Group Ltd
Filing Date: 2025-06-03
Form: 424B3
Chunk 212
---
 and $2,839,536 as of December 31, 2024 and 2023 respectively, being
share-based compensation cost paid to consultants for services ranging from three to ten years and with termination clauses of one to
three years respectively without any penalties. During the year, the scope of service was amended and accordingly the excess compensation
was reversed against Additional Paid in Capital and the remaining value of service is recognized over the period of service in the Statement
of Income.

<div align='center'>F-20</div>

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

|                                   |     | December 31, | 2024 |   |     |   | 2023 |   |
|:----------------------------------|:----|:-------------|-----:|:--|:----|:--|-----:|:--|
| Balance at beginning of the year  |     | $            |  (14 | ) |     | $ | (141 | ) |
| Reversal of provision (Provision) |     |              |   10 |   |     |   |  127 |   |
| Ending balance                    |     | $            |   (4 | ) |     | $ |  (14 | ) |

NOTE 7 — PROPERTY AND EQUIPMENT, NET

Plant and equipment, net consist of the following:

| At cost:                       |     | December 31, 
 2024         |            |   |     | 2023 |            |   |
|:-------------------------------|:----|:-------------|-----------:|:--|:----|:-----|-----------:|:--|
| Building improvement           |     | $            |    196,929 |   |     | $    |     92,438 |   |
| Furniture and fixtures         |     |              |     25,390 |   |     |      |    250,493 |   |
| Medical instruments            |     |              |    785,776 |   |     |      |    844,809 |   |
| Motor vehicle                  |     |              |    142,936 |   |     |      |    142,936 |   |
| Office equipment               |     |              |    361,385 |   |     |      |    150,688 |   |
|                                |     |              |  1,512,416 |   |     |