Company: NIVFW
Filing Date: 2025-03-07
Form Type: F-1
Source: 0001213900-25-021404
Chunk: 229

Company: NewGenIvf Group Ltd
Filing Date: 2025-03-07
Form: F-1
Chunk 229
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 accrued liabilities and amounts due from (to) related parties each qualify
as financial instruments and are a reasonable estimate of their fair values because of the short period between the origination of such
instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined
as follows:

| ● | Level 1 — inputs                                                                                       
 to the valuation methodology used quoted prices for identical assets or liabilities in active markets. |

| ● | Level 2 — inputs                                                                                                                 
 to the valuation methodology include quoted prices for similar assets and liabilities in active markets and information that are 
 observable for the asset or liability, either directly or indirectly, for substantially the financial instrument’s full term     |

| ● | Level 3 — inputs                                                                             
 to the valuation methodology are unobservable and significant to the fair value measurement. |

The Company analyzes all
financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity”
and ASC 815.

F-50 NEWGENIVF GROUP LIMITED
NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
SEPTEMBER 30, 2024 AND 2023
(Stated in US Dollars) NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Recent accounting pronouncements adopted In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, which amends and clarifies several provisions of Topic 326. In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326) Targeted Transition Relief, which amends Topic 326 to allow the fair value option to be elected for certain financial instruments upon adoption. ASU 2019-10 extended the effective date of ASU 2016-13 until December 15, 2022. This standard replaces the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. CECL requires an estimate of credit losses for the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts and generally applies to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities, and