Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 129

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 129
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 traveling to
Thailand, Cambodia and Kyrgyzstan may be affected by a number of factors, including local and global political and economic conditions.
Furthermore, an outbreak, or threatened outbreak, of any severe contagious disease may also in turn significantly reduce the demand of
traveling or cause extensive travel restrictions. NewGenIvf’s results may be materially and adversely affected if travel restriction
was imposed or difficulties in cross-border flow arose.

Inflation risk

Management of NewGenIvf monitors
changes in prices levels. Historically inflation has not materially impacted NewGenIvf’s consolidated financial statements; however,
significant increases in the price of labor that cannot be passed to NewGenIvf’s customers could adversely impact its results of
operations.

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Critical Accounting Policies, Judgments and Estimates

NewGenIvf prepares its financial
statements in conformity with U.S. GAAP, which requires NewGenIvf to make judgments, estimates and assumptions. NewGenIvf continually
evaluates these estimates and assumptions based on the most recently available information, its historical experience and various other
assumptions that NewGenIvf’s management believes to be reasonable under the circumstances. Since the use of estimates is an integral
component of the financial reporting process, actual results could differ from its expectations as a result of changes in NewGenIvf’s
estimates. Some of NewGenIvf’s accounting policies require a higher degree of judgment than others in their application and require
NewGenIvf to make significant accounting estimates.

The selection of critical
accounting policies, the judgments and other uncertainties affecting application of those policies and the sensitivity of reported results
to changes in conditions and assumptions are factors that should be considered when reviewing NewGenIvf’s financial statements.
NewGenIvf’s management believes the following accounting policies involve the most significant judgments and estimates used in the
preparation of their financial statements.

Going Concern

The going concern assumption
is a fundamental principle in the preparation of financial statements, and it is management’s responsibility to evaluate whether
there are any conditions or events that raise substantial doubt about the Company’s ability to continue operating for the foreseeable
future. Management’s assessment of the Company’s ability to continue as a going concern for the financial year ending 2024
has been addressed in the foregoing paragraph.

The Company is always closely
monitoring the market for opportunities and has also been carrying out various fundraising projects to improve the Company’s cash
flow position. As of April 10