Company: NIVFW
Filing Date: 2025-05-15
Form Type: 20-F/A
Source: 0001213900-25-043940
Chunk: 32

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-15
Form: 20-F/A
Chunk 32
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 |   |
|                                               |     | $            |    33,333 |   |     | $    | 1,582,156 |   |

F-19

Included in prepayment is
an amount of $22,000 and $ as of December 31, 2024 and 2023 respectively, being
share-based compensation cost paid to consultants for services ranging from three to and with termination clauses of to
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.

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 |   |     |