Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 199

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 199
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126,264 |     | $ | 46,910 |
|                                                                 |     | $            | 126,264 |     | $ | 46,910 |

F-21 NEWGENIVF LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(Stated in US Dollars)

NOTE 5 — DEPOSITS, PREPAYMENT, OTHER RECEIVABLES AND DEFERRED IPO COST, NET

Deposits, prepayment, other receivables and deferred IPO cost, net consist of the following:

|                                        |     | December 31, |    2023 |   |     |   |   2022 |   |
|:---------------------------------------|:----|:-------------|--------:|:--|:----|:--|-------:|:--|
| Other receivables                      |     | $            |  15,910 |   |     | $ | 30,295 |   |
| Deposits                               |     |              | 123,008 |   |     |   | 40,131 |   |
| Prepayment                             |     |              |   4,848 |   |     |   |      - |   |
| Deferred initial public offering “IPO” 
 cost                                   |     |              | 373,677 |   |     |   |      - |   |
| Less: allowance for expected           
 credit loss                            |     |              |     (14 | ) |     |   |   (141 | ) |
|                                        |     | $            | 517,429 |   |     | $ | 70,285 |   |

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

|                                           |     | December 31, | 2023 |   |     |   | 2022 |   |
|:------------------------------------------|:----|:-------------|-----:|:--|:----|:--|-----:|:--|
| Balance at beginning of the year          |     | $            | (141 | ) |     | $ | (115 | ) |
| Reversal of provision (Provision)         |     |              |  127 |   |     |   |  (30 | ) |
| Effect of currency translation adjustment |     |              |    - |   |     |