Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 200

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 200
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 |    4 |   |
| Ending balance                            |     | $            |  (14 | ) |     | $ | (141 | ) |

F-22 NEWGENIVF LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2023, 2022 AND 2021
(Stated in US Dollars)

NOTE 6 — PLANT AND EQUIPMENT, NET

Plant and equipment, net consist of the following:

| At cost:                       |     | December 31, 
 2023         |            |   |     | 2022 |            |   |
|:-------------------------------|:----|:-------------|-----------:|:--|:----|:-----|-----------:|:--|
| Building improvement           |     | $            |     92,438 |   |     | $    |     72,519 |   |
| Furniture and fixtures         |     |              |    250,493 |   |     |      |    246,682 |   |
| Medical instruments            |     |              |    844,809 |   |     |      |    791,514 |   |
| Motor vehicle                  |     |              |    142,936 |   |     |      |    142,936 |   |
| Office equipment               |     |              |    150,688 |   |     |      |    146,432 |   |
|                                |     |              |  1,481,364 |   |     |      |  1,400,083 |   |
| Less: accumulated depreciation |     |              | (1,319,207 | ) |     |      | (1,277,410 | ) |
| Total                          |     | $            |    162,157 |   |     | $    |    122,673 |   |

Depreciation expenses for the years ended December 31, 2023 and 2022 were $ 31,173and $ 100,533, respectively. Loss on disposal of assets for the year ended December 31, 2023 and 2022 was $ Niland $ 114,013, respectively, due to moving of clinic to new location in First Fertility PGS Center Limited in 2022.

Noimpairment loss was recorded for the years ended December 31, 202